v3.26.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
CASH FLOWS USED IN OPERATING ACTIVITIES:    
Net loss $ (41,398,520) $ (17,457,841)
Adjustments to reconcile net loss to net cash used in Operating activities    
Depreciation and amortization 6,184 21,484
Loss on disposal of fixed assets [1] 22,363 0
Stock based compensation 17,797,817 6,856,385
Provision for credit losses 3,455,833 0
Amortization of operating lease right-of-use asset 97,411 90,536
Issuance of common stock for services 0 1,096,142
Loss on debt extinguishment 0 214,164
Interest expense for default of convertible notes 0 748,600
Interest expense for repricing of warrants 0 272
Amortization of debt issuance costs 0 798,929
Change in fair value of digital assets 3,986,911 823,062
Other derivative income, net 1,101,541 (283,154)
Deferred income taxes (10,608,685) (172,843)
Interest income on note receivable (12,616) 0
Changes in operating assets and liabilities:    
Prepaid expenses (238,576) (228,030)
Operating lease right-of-use liability (62,574) (73,793)
Derivative liabilities 5,025,920 0
Digital assets - receivable, net (111,443) 0
Derivative assets (3,650,854) 0
Accounts payable - trade and accrued expenses 1,080,667 1,743,805
Other long-term assets 0 125,000
NET CASH USED IN OPERATING ACTIVITIES (23,508,621) (5,697,282)
CASH FLOWS USED IN INVESTING ACTIVITIES:    
Purchase of USDC (10,000,000) 0
Liquidation of USDC 10,000,000 0
Draws on note receivable (450,000) 0
NET CASH USED IN INVESTING ACTIVITIES: (450,000) 0
CASH FLOWS FROM FINANCING ACTIVITIES:    
Capital contribution 2,984,840 0
Proceeds from draws on loan payable 21,000,000 0
Proceeds from issuance of common stock - Goldeneye 1995 LLC investment 0 15,000,000
Proceeds from debt offering 0 0
Proceeds from Original Issuance Notes 0 0
Proceeds from issuance of common stock for stock option exercise 9,660 0
Redemption of Series H Preferred Stock 0 (514,067)
Repayment of convertible notes payable 0 (2,939,332)
Proceeds from convertible notes payable 0 656,000
Proceeds from At The Market common stock offering 0 1,284,351
NET CASH PROVIDED BY FINANCING ACTIVITIES 23,994,500 13,486,952
NET INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 35,879 7,789,670
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, beginning of period 4,092,308 1,032,329
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, end of period 4,128,187 8,821,999
Supplemental disclosures of cash flow information:    
Interest paid 520,625 147,595
Income taxes paid 0 0
Supplemental disclosure of non-cash investing and financing activities:    
Deemed dividends on Series C, D and H Preferred Stock 0 2,198,030
Common stock issued for debt payment 0 2,599,920
Common stock issued for contribution of digital assets 0 115,566,775
Deferred tax liability recognized from contribution of digital assets 0 24,220,831
Common stock issued for conversion of Series H convertible preferred stock 0 670,000
Premiums received in digital assets from treasury trading strategy 1,964,725 283,154
Conversion of notes payable into Series H convertible preferred stock $ 0 $ 583,794
[1] Represents the net book value of fixed assets sold in connection with the March 27, 2026 divestiture transaction. See Note 13.