v3.26.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash Flows From Operating Activities    
Net Loss $ (13,563,834) $ (11,850,118)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 1,204 782
Non-cash lease expense for right-of-use assets 70,677 87,184
Unrealized gain on digital assets at fair value (295,180)
Stock-based compensation 857,550 629,514
Net changes in operating assets and liabilities:    
Prepaid expenses and other 834,651 (1,030,436)
Operating lease liability (66,905) (83,649)
Accounts payable 175,916 569,263
Due from related parties (39)
Accrued expenses 600,726 432,457
Net cash used in operating activities (11,385,195) (11,245,042)
Cash Flows From Investing Activities    
Purchase of digital asset (850,000)
Purchase of equipment (3,244)
Net cash used in investing activities (850,000) (3,244)
Cash Flows From Financing Activities    
Net proceeds from issuance of common stock 16,597,831 7,763,079
Shares withheld to pay taxes on stock-based compensation (10,404) (15,902)
Settlement of stock award (8,561)
Payment of finance lease obligation (6,602) (5,202)
Net cash provided by financing activities 16,580,825 7,733,414
Net Increase (Decrease) in Cash and Cash Equivalents 4,345,630 (3,514,872)
Cash and Cash Equivalents - Beginning of Year 1,191,325 4,706,197
Cash and Cash Equivalents - End of Year 5,536,955 1,191,325
Supplemental Cash Flow Information:    
Cash paid for interest 5,607 1,204
Cash paid for income taxes
Non-Cash Financing Activities    
Issuance of 200 shares of common stock in connection with a licensing agreement which had previously been recorded as a due to licensor 189,000
Right-of-use asset obtained in exchange for financing lease liability 11,804
Financing lease liability (11,804)
Net

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