v3.25.4
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Revenues $ 100,622,320 $ 95,488,190
Expenses    
Cost of services (content, hosting and other) 107,383,833 138,472,266
General and administrative 48,738,522 36,646,307
Research and development 18,743,630 18,923,319
Sales and marketing 23,892,235 17,330,925
Acquisition-related transaction costs 13,303,532
Amortization and depreciation 14,564,535 13,614,587
Change in fair value of digital assets 649,638
Change in fair value of contingent consideration 1,354,357
Total expenses 227,275,925 226,341,761
Loss from operations (126,653,605) (130,853,571)
Interest income 10,419,139 8,083,903
Other expense (10,643) (207,431)
Change in fair value of warrant liability 24,781,975 (32,694,697)
Change in fair value of derivative 9,700,000 (184,699,998)
Loss before income taxes (81,763,134) (340,371,794)
Income tax (expense) benefit (67,228) 2,009,015
Net loss $ (81,830,362) $ (338,362,779)
Loss per share – basic (in Dollars per share) $ (0.32) $ (1.66)
Loss per share – diluted (in Dollars per share) $ (0.32) $ (1.66)
Weighted-average number of common shares used in computing net loss per share - basic (in Shares) 254,739,238 204,100,835
Weighted-average number of common shares used in computing net loss per share - diluted (in Shares) 254,739,238 204,100,835
Share-based compensation expense included in expenses:    
Total share-based compensation expense $ 23,836,781 $ 23,814,763
Cost of services (content, hosting and other)    
Share-based compensation expense included in expenses:    
Total share-based compensation expense 4,435,783 9,030,594
General and administrative    
Share-based compensation expense included in expenses:    
Total share-based compensation expense 14,434,478 11,788,130
Research and development    
Share-based compensation expense included in expenses:    
Total share-based compensation expense 3,287,078 2,014,168
Sales and marketing    
Share-based compensation expense included in expenses:    
Total share-based compensation expense $ 1,679,442 $ 981,871