| Schedule of Potentially Anti-Dilutive Shares |
For the three and six months ended June 30, 2025, potentially anti-dilutive shares were 342,501.
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Three Months Ended |
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Six Months Ended |
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June 30, 2026 |
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June 30, 2025 |
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June 30, 2026 |
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June 30, 2025 |
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Options to purchase common stock |
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183 |
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266 |
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183 |
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266 |
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Warrants to purchase common stock |
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3,270,821 |
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180,707 |
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4,247,163 |
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180,707 |
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Shares issuable upon conversion of Series A Convertible Preferred Stock |
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— |
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1 |
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1 |
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1 |
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Restricted Stock Units |
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— |
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161,527 |
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330,972 |
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161,527 |
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Potential equivalent shares excluded |
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3,271,004 |
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342,501 |
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4,578,319 |
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342,501 |
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The following securities were included in the computation of diluted net earnings per share as their effect would have been dilutive for the three months ended June 30, 2026 and 2025:
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Three Months Ended |
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June 30, 2026 |
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June 30, 2025 |
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Prefunded warrants |
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976,323 |
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— |
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Shares issuable upon conversion of Series A Convertible Preferred Stock |
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1 |
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— |
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Incremental Restricted Stock Units |
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174,891 |
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— |
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Potential equivalent shares excluded |
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1,151,215 |
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— |
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There were 2,626,254 and 180,986 potentially dilutive shares, which include outstanding common stock options, and warrants, as of December 31, 2025 and 2024, respectively.
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December 31, 2025 |
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December 31, 2024 |
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Options to purchase common stock |
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236 |
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278 |
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Warrants to purchase common stock |
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2,478,848 |
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180,707 |
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Shares issuable upon conversion of Series A Convertible Preferred Stock |
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1 |
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1 |
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Restricted Stock Units |
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147,169 |
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— |
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Potential equivalent shares excluded |
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2,626,254 |
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180,986 |
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| Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis |
The following table presents the Company’s assets and liabilities measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall:
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June 30, 2026 |
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Assets |
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Level 1 |
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Level 2 |
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Level 3 |
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Total |
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Digital Assets |
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$ |
1,904,954 |
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$ |
— |
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$ |
— |
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$ |
1,904,954 |
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Total assets measured at fair value |
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$ |
1,904,954 |
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$ |
— |
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$ |
— |
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$ |
1,904,954 |
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June 30, 2026 |
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Assets |
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Level 1 |
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Level 2 |
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Level 3 |
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Total |
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Warrant liability |
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$ |
— |
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$ |
— |
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$ |
555,306 |
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$ |
555,306 |
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Total liabilities measured at fair value |
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$ |
— |
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$ |
— |
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$ |
555,306 |
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$ |
555,306 |
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