v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash $ 18,856,144 $ 18,708
Digital assets - restricted 53,366 97,912
Prepaid insurance 25,210 105,065
Prepaid expenses and other current assets 42,149 10,000
Total current assets 19,038,337 231,685
Digital intangible assets 212,918,841
Intangible assets, net 602,000 452,250
Total assets 232,559,178 683,935
Current liabilities:    
Accounts payable 216,764 4,386
Accrued expenses 6,022,119 39,900
Total current liabilities 13,577,004 162,998
Warrant liability 4,715,000
Total liabilities 18,292,004 162,998
Commitments and contingencies (Note 13)
Stockholders’ equity:    
Preferred stock - $0.0001 par value; 1,000,000 and zero shares authorized at June 30, 2026 and December 31, 2025, respectively; zero shares issued or outstanding at June 30, 2026 and December 31, 2025, respectively
Additional paid-in capital 249,170,198 802,430
Accumulated deficit (34,905,743) (281,563)
Total stockholders’ equity 214,267,174 520,937
Total liabilities and stockholders’ equity 232,559,178 683,935
Related Party    
Current assets:    
Digital assets receivable 61,468
Current liabilities:    
Demand notes 118,796 97,912
Accounts payable 340,000 20,800
Former Sponsors    
Current liabilities:    
Convertible demand notes payable 6,879,325
Previously Reported [Member]    
Current assets:    
Cash  
Total current assets  
Total assets  
Current liabilities:    
Accrued expenses   18,900
Total current liabilities   48,563
Total liabilities   48,563
Commitments and contingencies (Note 13)  
Stockholders’ equity:    
Additional paid-in capital  
Accumulated deficit   (48,563)
Total stockholders’ equity   (48,563)
Total liabilities and stockholders’ equity  
Previously Reported [Member] | Related Party    
Current liabilities:    
Accrued expenses - related party   29,663
Class A Common Stock    
Stockholders’ equity:    
Common stock value 2,403
Class A Common Stock | Previously Reported [Member]    
Stockholders’ equity:    
Common stock value  
Class B Common Stock    
Stockholders’ equity:    
Common stock value $ 316 70
Class B Common Stock | Previously Reported [Member]    
Stockholders’ equity:    
Common stock value