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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (104,397,628) $ 11,887,397
Net income (loss) from discontinued operations, net of tax (110,361) 14,564,872
Net loss from continuing operations (104,287,267) (2,677,475)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 4,079 6,804
Amortization of debt discount 71,781
Change in fair value (255,819)
Deferred tax expense (7,155)
Stock-based compensation expense 105,994 73,163
Stock-based compensation expense, related party 16,379,368
Impairment on digital intangible assets 87,813,295
Unrealized loss on crypto assets 2,437,026
Realized gains on crypto assets, net (5,373,583)
Crypto rewards on native staking (28,534)
Loss on disposal of equipment 312
Changes in assets and liabilities    
Accounts receivable (7,074) 97,223
Other receivable 272,813 (368,743)
Due from Rsports Interactive, Inc. (112) (6,811)
Prepaid expenses and other current assets (163,565) 195,042
Accounts payable and accrued expenses 873,695 (1,080,970)
Accounts payable and accrued expenses - related party 40,011
Net cash used in operating activities – continuing operations (1,933,542) (3,952,960)
Net cash (used in) provided by operating activities - discontinued operations (204,931) (17,002,007)
Net cash used in operating activities (2,138,473) (20,954,967)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures for equipment (2,518) (1,719)
Investment in Armchair Enterprises, Inc. (500,000)
Crypto assets purchased (405,816,679)
Proceeds from sale of intellectual property 150,000
Net cash provided by (used in) investing activities – continuing operations (406,319,197) 148,281
Net cash used in investing activities - discontinued operations (18,857,834)
Net cash used for investing activities (406,319,197) (18,709,553)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from convertible debenture and purchase warrants (4,148,571)
Gross proceeds from sale of common stock 130,217,148 71,356
Issuance costs paid related to sale of common stock (4,015,219)  
Issuance of common stock from exchange agreement 4
Issuance of common stock from exercise of warrants 10
Gross proceeds from shares sold in capital raise 4,500,000
Issuance costs related to shares sold in capital raise (652,000)  
Gross proceeds from private placement 302,083,293
Issuance costs paid related to private placements (20,375,704)  
Shares issued for restricted stock 261,042
Proceeds from line of credit 550,000
Repayment of line of credit (6,900,000)
Principal payments on long-term debt (2,070,479)
Proceeds from exercise of warrants 160,000
Net cash generated by (used in) financing activities – continuing operations 412,018,574 (12,337,694)
Net cash (used in) generated by financing activities - discontinued operations (5,835,352)
Net cash generated by (used in) financing activities 412,018,574 (18,173,046)
Net change in cash 3,560,904 (57,837,566)
Cash and restricted cash, beginning of period including discontinued operations 1,541,856 60,441,130
Cash and restricted cash, end of period including discontinued operations 5,102,760 2,603,564
Less cash from discontinued operations (31,016) (167,964)
Cash, end of period 5,071,744 2,435,600
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for interest 485,531
Cash paid for taxes 140,814 366,678
NON-CASH OPERATING, INVESTING AND FINANCING ACTIVITIES:    
Crypto assets received as equity contributions 123,397,477
Crypto assets staked on liquid staking protocol (469,930,234)
Receipt of digital intangible assets 470,235,927  
Settlement agreement, liability issued for warrants (900,000)
Issuance of common stock in exchange of warrants 4 210,879
Issuance of common stock for vested restricted stock 37,032 212,800
Deemed Dividend 44,619
Warrant exchange agreement, issuance of pre-funded warrants 287,150
Warrant exchange amendment, revalue of strike price and removal of repurchase requirement $ 152,386