v3.26.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income (loss) $ 1,786,946 $ (4,592,032)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Stock based compensation 220,200
Depreciation 17,027
Vesting of restricted stock units 1,360,205
Loss on disposal of property and equipment 25,136
Gain on remeasurement of previously held equity interest (4,206,055)
Changes in operating assets and liabilities:    
Accounts receivable 14,817 (41,668)
Accounts receivable, related party (150,721)
Prepaid expenses 32,720 115,157
Other receivable (143,544)
Short-term investment - Broker dealer 1,067,610
Digital Assets - External trust company 211,081
Due to related party 3,000
Accounts payable 267,153 510,093
Accounts payable, related party 36,336
Accrued and other payables 409,311 (542,309)
Accrued and other payables, related party (134,786) (5,181,608)
Contract liabilities 828
Payables - Client funds (1,063,422)
Payable - Broker dealer (1,067,610)
Payable – External trust company (211,081)
Lease liability, net (10,800)
Net cash used in operating activities (3,004,669) (8,263,348)
Cash flows from investing activities:    
Prepaid joint venture agreement (8,166,988)
Proceeds from disposal of property and equipment 270,000
Cash held on behalf of clients acquired in business combination 1,380,354
Purchases of digital assets (4,051,415)
Proceeds from conversion of digital assets to cash 347,638
Net cash (used in) provided by investing activities (2,053,423) (8,166,988)
Cash flows from financing activities:    
Deferred offering costs (80,000)
Due from related party (540,570)
Issuance of common stock pursuant to exercise of warrants 4,051,415
Issuance of common stock pursuant to ATM 165,999 11,559,068
Net cash (used in) provided by financing activities (454,571) 15,610,483
Effect of exchange rate changes on cash, cash equivalents and restricted cash (1,171)
Net change in cash, cash equivalents (5,513,834) (819,853)
Cash, cash equivalents and cash held on behalf of clients at beginning of period 5,975,408 5,386,789
Cash, cash equivalents and cash held on behalf of clients at end of period 461,574 4,566,936
Supplemental disclosure of cash flow information:    
Cash paid for income taxes
Cash paid for interest
Supplemental disclosure of non-cash flow information:    
Proceeds from promissory note, received in digital assets (USDT) 40,000,000
Return of advance for investment in joint venture, received in USDT 3,824,000
Return of investment in joint venture, received in USDT 14,670,000
Return of advance payment to distributor, received in USDT 3,279,000
Collection of amounts due from related party, received in USDT 2,603,223
Digital assets (USDT) applied toward the acquisition of Fusion Five Continents Securities Limited 67,080,000
Issuance of common stock for accrued expenses $ 111,000