v3.26.3
Condensed Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Dec. 31, 2024
Revenues, net $ 6,089,909 $ 8,175,926 $ 11,682,218 $ 15,263,763 $ 31,793,673 $ 23,753,148
Operating expenses            
Banking and payments costs 5,108,245 7,682,621 9,914,619 14,441,545 28,662,586 22,472,378
Custody and trading costs 739,039 142,811 1,337,454 188,596 1,024,452 228,080
Compensation and benefits 3,790,067 3,676,657 7,824,334 10,134,597 17,691,784 3,225,179
Marketing expenses 728,338 620,923 996,446 1,020,721 1,709,641 493,900
Professional fees 1,255,832 1,270,345 2,923,246 3,058,850 5,410,925 1,855,131
Amortization expense 173,985 106,837 330,064 197,908 557,982 292,266
(Gain) loss on customer rewards liability (745,598) 2,071,505 (2,253,069) 970,648 (798,493) 5,219,775
(Gain) loss on digital assets – rewards treasury 1,119,388 (2,334,677) 2,808,843 (1,324,091) 394,271 (5,633,042)
Other selling, general and administrative expenses 1,689,247 1,264,422 3,399,228 2,400,876 4,871,495 1,413,402
Total operating expenses 13,858,543 14,501,444 27,281,165 31,089,650 59,524,643 29,567,069
Operating loss (7,768,634) (6,325,518) (15,598,947) (15,825,887) (27,730,970) (5,813,921)
Other income (expense)            
Gain (loss) on digital assets – investment treasury 105,167 36,582,224 (28,524,298) 20,965,072 (9,238,234) 29,247,576
Change in fair value of SAFEs (6,503,113) (7,197,168) (88,372,854)
Change in fair value of convertible note (5,309,608) 13,200,089 (11,843,751) (928,056)
Convertible note issuance costs and fees (9,569,109) (9,569,109)
Legal settlements (1,374,828) (1,374,828)    
Loss on extinguishment of debt (9,612,199) (4,005,132) (9,612,199) (9,612,199)
Interest expense (921,881) (1,974,849) (3,195,709) (3,246,487) (5,708,045) (234,035)
Other income 308,619 66,398 682,833 186,701 394,791 91,848
Other income (expense), net (1,882,923) 19,751,966 (23,217,045) (19,622,886) (41,858,020) (59,267,465)
Net income (loss) before income taxes (9,651,557) 13,426,448 (38,815,992) (35,448,773) (69,588,990) (65,081,386)
Income tax expense (benefit) 881 3,471 4,859 1,472 7,400
Net income (loss) $ (9,651,557) $ 13,425,567 $ (38,819,463) $ (35,453,632) $ (69,590,462) $ (65,088,786)
Net income (loss) per share attributable to common stockholders:            
Basic (in Shares) (9,651,557) 13,425,567 (38,819,463) (35,453,632)    
Diluted (in Shares) (9,651,557) 13,425,567 (38,819,463) (35,453,632)    
Net loss per share attributable to common stockholders:            
Basic (in Dollars per share) $ (0.19) $ 0.29 $ (0.76) $ (0.98) $ (1.65) $ (11.15)
Diluted (in Dollars per share) $ (0.19) $ 0.28 $ (0.76) $ (0.98) $ (1.65) $ (11.15)
Weighted-average common shares outstanding:            
Basic (in Shares) 51,825,321 46,503,358 50,746,857 36,062,784 42,218,965 5,836,882
Diluted (in Shares) 51,825,321 47,561,116 50,746,857 36,062,784 42,218,965 5,836,882