Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash Flows From Operating Activities    
Net Loss $ (3,377,179) $ (2,834,405)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 301 301
Non-cash lease expense for right-of-use assets 22,940
Unrealized loss on digital assets at fair value 59,824
Stock-based compensation 95,963 227,711
Net changes in operating assets and liabilities:    
Prepaid expenses and other (113,444) 129,995
Operating lease liability (22,312)
Accounts payable (216,426) (328,320)
Due from related parties (27,774)
Accrued expenses (39,734) 102,016
Net cash used in operating activities (3,590,695) (2,729,848)
Cash Flows From Investing Activities    
Purchase of digital assets (500,000)
Net cash used in investing activities (500,000)
Cash Flows From Financing Activities    
Net proceeds from issuance of common stock 245,103 4,438,570
Shares withheld to pay taxes on stock-based compensation (320) (1,439)
Payment of finance lease obligation (1,536)
Net cash provided by financing activities 244,783 4,435,595
Net (Decrease) Increase in Cash and Cash Equivalents (3,845,912) 1,705,747
Cash and Cash Equivalents - Beginning of Period 5,536,955 1,191,325
Cash and Cash Equivalents - End of Period 1,691,043 2,897,072
Supplemental Cash Flow Information:    
Cash paid for interest 5,162 1,880
Cash paid for income taxes