v3.26.1
Condensed Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 262,436 $ 1,526,395
Stablecoins 54,677 1,539,064
Digital assets - treasury 988,924 2,388,607
Digital assets - DeFi 75,003,047 177,718,244
Digital assets - staked 4,519,251 30,657,401
Digital assets – liquidity pool positions 7,550,368
Digital assets – non-fungible tokens 20,867 41,690
Prepaid expenses 254,402 146,031
Total current assets 88,653,972 214,017,432
Investments (Cost $600,000) 600,000 600,000
Property and equipment, net 11,298 14,390
Total Assets 89,265,270 214,631,822
Current liabilities:    
Accounts payable and accrued expenses 97,681 38,525
Accrued compensation 486,579 1,609,208
Accrued interest 286,089 225,115
Loans payable - DeFi protocol 36,007,700 61,500,000
Convertible notes payable, net - current portion 6,175,046
Warrant liabilities [1]
Total current liabilities 43,053,095 63,372,848
Convertible notes payable, net - non-current portion 7,363,369 11,842,195
Total liabilities 50,416,464 75,215,043
Commitments and contingencies (Note 11)
Stockholders’ equity:    
Common Stock, $0.001 par value per share; 975,000,000 shares authorized; 49,806,434 and 46,852,737 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 49,806 46,853
Additional paid-in capital 314,192,558 310,695,935
Accumulated deficit (277,369,259) (173,301,710)
Total stockholders’ equity 38,848,806 139,416,779
Total Liabilities and Stockholders’ Equity 89,265,270 214,631,822
Series V Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock value $ 1,975,701 $ 1,975,701
[1] Amount presented rounds to zero.