| Schedule of Segment Information |
The table below summarizes the significant expense categories regularly reviewed by the CODM for the three and six months ended June 30, 2026, and 2025:
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|
Operating Expenses |
|
Three Months Ended June 30, 2026 |
|
|
Three Months Ended June 30, 2025 |
|
|
Six Months Ended June 30, 2026 |
|
|
Six Months Ended June 30, 2025 |
|
Research and development |
|
$ |
233,665 |
|
|
$ |
381,061 |
|
|
$ |
1,010,075 |
|
|
$ |
909,746 |
|
Sales and marketing |
|
|
5,813 |
|
|
|
68,834 |
|
|
|
10,091 |
|
|
|
137,825 |
|
General and administrative |
|
|
1,243,778 |
|
|
|
851,195 |
|
|
|
2,636,838 |
|
|
|
1,722,801 |
|
Total operating expenses |
|
|
1,483,256 |
|
|
|
1,301,090 |
|
|
|
3,657,004 |
|
|
|
2,770,372 |
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|
|
|
|
|
|
|
|
|
|
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|
Operating loss |
|
|
(1,483,256 |
) |
|
|
(1,301,090 |
) |
|
|
(3,657,004 |
) |
|
|
(2,770,372 |
) |
|
|
|
|
|
|
|
|
|
|
|
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|
Other segment items (a) |
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|
1,643,200 |
|
|
|
75,178 |
|
|
|
2,505,515 |
|
|
|
508,130 |
|
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|
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|
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|
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|
Net income/(loss) |
|
$ |
159,944 |
|
|
$ |
(1,225,912 |
) |
|
$ |
(1,151,489 |
) |
|
$ |
(2,262,242 |
) |
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|
|
|
|
|
|
|
|
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|
Reconciliation of net loss |
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|
Adjustments and reconciling items |
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|
— |
|
|
|
— |
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|
|
— |
|
|
|
— |
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Consolidated net income/(loss) |
|
$ |
159,944 |
|
|
$ |
(1,225,912 |
) |
|
$ |
(1,151,489 |
) |
|
$ |
(2,262,242 |
) |
|
|
|
|
|
|
|
|
|
Operating Expenses |
|
Six Months Ended June 30, 2026 |
|
|
Six Months Ended June 30, 2025 |
|
Research and development |
|
$ |
1,010,075 |
|
|
$ |
909,746 |
|
Sales and marketing |
|
|
10,091 |
|
|
|
137,825 |
|
General and administrative |
|
|
2,636,838 |
|
|
|
1,722,801 |
|
Total operating expenses |
|
|
3,657,004 |
|
|
|
2,770,372 |
|
|
|
|
|
|
|
|
Operating loss |
|
|
(3,657,004 |
) |
|
|
(2,770,372 |
) |
|
|
|
|
|
|
|
Other segment items (a) |
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|
2,505,515 |
|
|
|
508,130 |
|
|
|
|
|
|
|
|
Net loss |
|
$ |
(1,151,489 |
) |
|
$ |
(2,262,242 |
) |
|
|
|
|
|
|
|
Reconciliation of net loss |
|
|
|
|
|
|
Adjustments and reconciling items |
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
Consolidated net loss |
|
$ |
(1,151,489 |
) |
|
$ |
(2,262,242 |
) |
(a)Other segment items included in segment loss include digital asset staking compensation, changes in fair value of digital asset, changes in warrant liability and interest income.
|
The table below summarizes the significant expense categories regularly reviewed by the CODM for the years ended December 31, 2025, and 2024:
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Year Ended |
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Year Ended |
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|
|
December 31, |
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December 31, |
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2025 |
|
|
2024 |
|
Operating Expenses |
|
|
|
|
|
|
|
|
Research and development |
|
$ |
1,849,996 |
|
|
$ |
3,190,293 |
|
Sales and marketing |
|
$ |
189,470 |
|
|
$ |
571,040 |
|
General and administrative |
|
$ |
3,723,635 |
|
|
$ |
7,055,814 |
|
Total operating expenses |
|
$ |
5,763,101 |
|
|
$ |
10,817,147 |
|
|
|
|
|
|
|
|
|
|
Operating loss |
|
$ |
(5,763,101 |
) |
|
$ |
(10,817,147 |
) |
Other segment items (a) |
|
$ |
(1,264,309 |
) |
|
$ |
(690,800 |
) |
|
|
|
|
|
|
|
|
|
Net loss |
|
$ |
(7,027,410 |
) |
|
$ |
(11,507,947 |
) |
|
|
|
|
|
|
|
|
|
Reconciliation of net loss |
|
|
|
|
|
|
|
|
Adjustments and reconciling items |
|
|
— |
|
|
|
— |
|
Consolidated net loss |
|
$ |
(7,027,410 |
) |
|
$ |
(11,507,947 |
) |
(a)Other segment items included in segment loss includes digital asset staking compensation, changes in digital assets, warrant expense, changes in warrant liability, gain on settlement of warrant liability and interest income.
|