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Taxes (Tables)
 12 Months Ended
Dec. 31, 2025
Taxes [Abstract]  
Schedule of Pretax Loss from Operations

The components of pretax loss from operations are as follows:

 

   Year Ended
December 31,		 
   2025 
Domestic  $(186,931,598)
Foreign   (102)
Loss before income taxes  $(186,931,700)
Schedule of Current and Deferred Components of Income Tax Expenses

The current and deferred components of income tax expenses from operations appearing in the consolidated statements of operations are as follows:

 

   For the year ended
December 31,		 
   2025   2024 
         
Current tax expenses        
Federal  $(90,000)  $(90,000)
State   12,054    (51,810)
Total current tax expenses  $(77,946)  $(141,810)
Deferred tax benefits          
Federal  $132,923   $173,911 
State   
-
    
-
 
Total deferred tax benefits  $132,923   $173,911 
Total benefits from income taxes  $54,977    32,101 
Schedule of Effective Rate to Income Tax The following table presents the required disclosure pursuant to ASU 2023-09 and is a reconciliation of the Company's income tax expense at the statutory federal tax rate to the Company's effective tax rate for the year ended December 31, 2025:
   For the year ended
December 31, 2025		  
U.S. federal statutory tax rate  $(39,255,657)   21.00 %
State income taxes, net of federal effect (*)   (16,151,984)   8.64 %
Foreign Tax Effects:           
People’s Republic of China:           
Foreign tax rate differential   21    (0.00 )%
Change in federal valuation allowance   1,885,325    (1.01 )%
Impairment and credit loss   
-
    
-
 %
Impairment loss on intangible assets   255,840    (0.14 )%
Unrealized loss on digital assets   53,552,364    (28.64 )%
Other   (340,886)   0.18 %
Effective Tax Rate  $(54,977)   0.03 %

 

* For the year ended December 31, 2025, state and local income tax in New Jersey comprised the majority of the state and local income taxes, net of federal effect category.
The following table presents a reconciliation of the Company's income tax expense at the statutory federal tax rate to the Company's effective tax rate for the year ended December 31, 2024
   December 31,
2024		 
Statutory tax rate     
Federal   21.00%
State (net of federal effect) *   12.56%
Foreign tax   (1.21)%
Provision of credit loss   (7.72)%
Impairment loss on intangible assets   (5.97)%
Change in valuation allowance   (19.05)%
Others   0.16%
Effective tax rate   (0.23)%

 

* For the year ended December 31, 2024, state and local income taxes in New York and New York City comprise the majority of state and local income taxes, net of federal effect category.
Schedule of Income Tax Paid

The following table presents cash paid for income taxes, net of refunds received, by jurisdiction during the year ended December 31, 2025:

 

   December 31, 
   2025 
Federal  $
-
 
State     
New York   19,660 
New York City   8,101 
New Jersey   4,000 
Total cash paid for income taxes, net of refunds  $31,761 
Schedule of Deferred Income Tax Assets and Liabilities The principal components of the Company’s deferred income tax assets and liabilities as of December 31, 2025 and 2024 were as follows:
   December 31,   December 31, 
   2025   2024 
         
Deferred tax assets        
Net operating losses carried forward  $7,875,558   $6,105,138 
Capitalized R&D   478,350    
-
 
Reserves and Accruals   17,168    
-
 
Provision of credit loss on note receivable and loan receivable   945,000    1,092,011 
Impairment loss of intangible assets   987,090    845,008 
Lease liability   340,460    605,169 
Unrealized loss on digital assets   53,552,364    
-
 
Amortization of intangibles   342,027    
-
 
Total deferred tax assets  $64,538,017   $8,647,326 
Less: Valuation allowance   (64,261,937)   (8,020,571)
Deferred tax assets, net of valuation allowance  $276,080   $626,755 
Deferred tax liabilities          
Right - of - use assets  $(296,397)  $(465,347)
Fixed assets   (671)   
-
 
Amortization of intangible assets   
-
    (315,319)
Total deferred tax liabilities  $(297,068)  $(780,666)
Total deferred tax liabilities, net  $(20,988)  $(153,911)