SIGNIFICANT ACCOUNTING POLICIES: ADOPTION OF ACCOUNTING STANDARDS (Tables)
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9 Months Ended |
Sep. 30, 2026 |
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| Accounting Policies [Abstract] |
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| Schedule of Cash and Cash Equivalents |
The following table presents a reconciliation of cash, cash equivalents and restricted cash reported in the Consolidated Balance Sheets to the total of the corresponding amounts presented in the Consolidated Statements of Cash Flows:
| | | | | | | | | | September 30, 2026 | December 31, 2025 | | Cash and cash equivalents | $ | 3,465,652 | | $ | 4,092,308 | | | Restricted cash | 662,535 | | — | | | Total cash, cash equivalents and restricted cash | $ | 4,128,187 | | $ | 4,092,308 | |
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| Schedule of Restrictions on Cash and Cash Equivalents |
The following table presents a reconciliation of cash, cash equivalents and restricted cash reported in the Consolidated Balance Sheets to the total of the corresponding amounts presented in the Consolidated Statements of Cash Flows:
| | | | | | | | | | September 30, 2026 | December 31, 2025 | | Cash and cash equivalents | $ | 3,465,652 | | $ | 4,092,308 | | | Restricted cash | 662,535 | | — | | | Total cash, cash equivalents and restricted cash | $ | 4,128,187 | | $ | 4,092,308 | |
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| Schedule of Bitcoin Outstanding |
A summary of activity in Bitcoin and digital assets - receivable, net for the nine months ended September 30, 2026 was as follows: | | | | | | | | | | Digital assets | Digital assets - receivable, net | | Bitcoin and digital assets - receivable, net at fair value as of December 31, 2025 | $ | 86,637,784 | | $ | 2,348,695 | | | Bitcoin generated through trading | 1,124,225 | — | | Fees | (224,835) | — | | Provision for credit losses | — | (1,816,824) | | Unrealized gain (loss) | (20,367,447) | 362,982 | | Bitcoin and digital assets - receivable, net at fair value as of March 31, 2026 | $ | 67,169,727 | | $ | 894,853 | | | Bitcoin generated through trading | 751,200 | — | | Fees | (456,597) | — | | Provision for credit losses | — | (354,446) | | Unrealized gain (loss) | (9,328,996) | (376,978) | | Outstanding premium settlement receivable | (26,877) | 26,877 | | Bitcoin and digital assets - receivable, net at fair value as of June 30, 2026 | $ | 58,108,457 | | $ | 190,306 | | | Bitcoin generated through trading | 89,300 | — | | Fees | (209,212) | — | | Provision for credit losses | — | (924,563) | | Unrealized gain (loss) | 24,729,014 | 994,514 | | Outstanding premium settlement receivable | 26,877 | (26,877) | | Bitcoin and digital assets - receivable, net at fair value as of September 30, 2026 | $ | 82,744,436 | | $ | 233,380 | |
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| Schedule of Digital Assets Receivable Allowance for Credit Losses |
The following table summarizes the activity in the allowance for credit losses on digital assets receivable for the nine months ended September 30, 2026:
| | | | | | | Allowance for Credit Losses | | Allowance for credit losses as of December 31, 2025 | $ | — | | | Provision for credit losses | (1,816,824) | | Net charge-offs/(recoveries) | — | | | Allowance for credit losses as of March 31, 2026 | $ | (1,816,824) | | | Provision for credit losses | (354,446) | | Net charge-offs/(recoveries) | — | | | Allowance for credit losses as of June 30, 2026 | $ | (2,171,270) | | | Provision for credit losses | (924,563) | | Net charge-offs/(recoveries) | — | | | Allowance for credit losses as of September 30, 2026 | $ | (3,095,833) | |
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| Schedule of Earnings Per Share, Basic and Diluted |
The components of basic and diluted EPS were as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended, | | Nine Months Ended, | | September 30, 2026 | | September 30, 2025 | | September 30, 2026 | | September 30, 2025 | | Net income (loss) attributable to common stockholders (A) | $ | 4,944,823 | | | $ | (12,366,411) | | | $ | (41,398,520) | | | $ | (19,655,871) | | | Weighted average outstanding shares of common stock (B) | 388,146,333 | | | 233,825,538 | | | 388,145,008 | | | 81,962,153 | | | Dilutive effect of stock options | 2,081 | | | — | | | — | | | — | | | Common stock and common stock equivalents (C) | 388,148,414 | | | 233,825,538 | | | 388,145,008 | | | 81,962,153 | | | | | | | | | | | Earnings (Loss) Per Share | | | | | | | | | Basic (A/B) | $ | 0.01 | | | $ | (0.05) | | | $ | (0.11) | | | $ | (0.24) | | | Diluted (A/C) | $ | 0.01 | | | $ | (0.05) | | | $ | (0.11) | | | $ | (0.24) | |
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