v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
 3 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities    
Net income $ 89,123,174 $ 66,748,122
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 33,914 155,092
Unrealized gain on digital assets (101,999,183) (77,996,124)
Realized loss on sale of digital assets 1,525,202 0
Digital asset revenue (3,052,839) (6,083,617)
Digital asset revenue conversion to USD 2,009,323 0
Realized loss on digital asset revenue conversion to USD 156,943 0
Amortization of loan costs 953,618 794,681
Bad debt reserve for Amazon receivable 0 229
Stock-based compensation 3,890,744 5,756,398
Changes in assets and liabilities    
Accounts receivable 22,035 (126,975)
Inventory (6,144) 117,190
Prepaid expenses and other assets (363,231) (1,381,321)
Operating lease assets and liabilities, net (1,679) (7,079)
Accounts payable and accrued liabilities (499,441) 2,204,991
Deferred revenue (1,123) 38,192
Net cash used in operating activities (8,208,687) (9,780,221)
Cash flows from investing activities    
Acquisition of digital assets (3,514,432) (29,579,741)
Investment in digital assets company 0 (750,000)
Proceeds from the sale of digital assets 2,575,513 0
Acquisition of property and equipment 0 (14,827)
Net cash used in investing activities (938,919) (30,344,568)
Cash flows from financing activities    
Proceeds from issuance of common stock 10,124,289 50,000,000
Proceeds from exercise of warrants 0 7,889
Payments of equity issuance costs (326,849) (2,992,085)
Payments of debt issuance costs 0 (7,628,942)
Net cash provided by financing activities 9,797,440 39,386,862
Net increase (decrease) in cash 649,834 (737,927)
Cash, beginning of period 5,778,586 2,975,150
Cash, end of period 6,428,420 2,237,223
Supplemental Cash Flow Disclosures    
Interest paid 2,518,962 1,946,351
Income tax paid 0 0
Non-cash Investing and Financing Activities    
Issuance of common stock for the repayment of convertible notes payable 0 1,174,010
Issuance of convertible debt for digital assets acquired 0 151,169,169
Issuance of short-term debt for digital assets acquired 0 30,000,000
Issuance of common stock for advisory services 264,585 0
Issuance of common stock for prepaid advisory services $ 219,525 $ 0