v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2025
Jun. 30, 2026
Dec. 31, 2025
Cash flows from operating activities:      
Net loss $ (26,071) $ (34,624,180) $ (48,563)
Adjustments to reconcile net loss to net cash used in operating activities:      
Stock-based compensation expense 8,082  
Impairment of digital assets 36,201,740  
Amortization expense 50,250  
Change in fair value of digital assets - restricted 46,116  
Change in fair value of related party demand notes (46,116)  
Change in fair value of warrant liabilities (2,185,000)  
Staking revenue from digital assets (1,570)  
Changes in operating assets and liabilities:      
Digital assets receivable - related party (61,468)  
Prepaid insurance 79,855  
Accounts payable 12,378  
Accounts payable - related party 26,071 340,000  
Accrued expenses 98,233  
Net cash provided by operating activities (81,680)  
Cash flows from financing activities:      
Proceeds from issuance of demand notes - related party 67,000  
Merger and PIPE financing 18,852,116  
Net cash provided by financing activities 18,919,116  
Net change in cash 18,837,436  
Cash - beginning of period 18,708  
Cash - end of period 18,856,144 18,708
Supplemental disclosures of noncash investing and financing activities:      
Contribution of intangible asset 502,500  
Loan of digital assets and issuance of related party demand notes  
Receivable from stockholders for Class B common stock issuance 300,000  
Contribution of digital intangible assets 249,120,581  
Assumption of warrant liabilities 6,900,000  
Assumption of convertible demand notes payable - sponsors 5,883,986  
Transaction costs in accounts payable and accrued liabilities 3,481,156  
Capitalized software costs included in accounts payable 200,000  
Previously Reported [Member]      
Cash flows from operating activities:      
Net loss     (48,563)
Changes in operating assets and liabilities:      
Accounts payable - related party     29,663
Accrued expenses     18,900
Net cash provided by operating activities    
Cash flows from investing activities:      
Net cash used in investing activities    
Cash flows from financing activities:      
Net cash provided by financing activities    
Net change in cash    
Cash - beginning of period  
Cash - end of period