v3.25.4
Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 237,919,453 $ 114,018,900
Accounts receivable, net 11,859,231 9,778,941
Prepaid expenses and other 14,767,472 12,329,789
Total current assets 264,546,156 136,127,630
Other non-current assets 1,123,781 402,475
Digital assets 18,450,362
Property and equipment, net 16,178,941 17,068,076
Right-of-use assets, net 1,868,458 1,753,100
Intangible assets, net 24,023,709 29,306,135
Goodwill 10,655,391 10,655,391
Total assets 336,846,798 195,312,807
Current liabilities    
Accounts payable and accrued liabilities 27,875,120 18,223,372
Deferred revenue 16,105,587 12,812,984
Lease liabilities 1,281,444 1,000,643
Derivative liability 184,699,998
Total current liabilities 45,262,151 216,736,997
Lease liabilities, net of current portion 633,128 799,910
Warrant liability 15,609,327 40,391,302
Other liability 500,000 500,000
Total liabilities 62,004,606 258,428,209
Commitments and contingencies (Note 16)
Shareholders’ equity (deficit)    
Preferred shares ($0.0001 par value per share, 20,000,000 shares authorized, no shares issued or outstanding)
Common shares value 773,439 768,892
Accumulated deficit (565,396,304) (483,565,942)
Additional paid-in capital 839,465,057 419,681,648
Shareholders’ equity 274,842,192 (63,115,402)
Total liabilities and shareholders’ equity $ 336,846,798 $ 195,312,807