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Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues    
Validator revenue (net of fees) $ 311,508 $ 563,015
Total revenues 311,508 563,015
Cost of revenues    
Validator expense 82,014 137,869
Gross profit 229,494 425,146
Operating expenses:    
General and administrative 609,829 650,289
Research and development 201,625 136,718
Compensation and related expenses 462,090 1,423,896
Marketing 6,243 41,793
Impairment loss on crypto assets/currencies 94,907 3,307,428
Realized gains on crypto asset/currency transactions (16,831) (71,110)
Total operating expenses 1,357,863 5,489,014
Other income (expenses):    
Change in fair value of warrant liabilities (285,000) (641,250)
Distributions to warrant holders (35,625)
Total other income (expenses) (285,000) (676,875)
Net loss $ (1,413,369) $ (5,740,743)
Net loss per share attributable to common stockholders, basic and diluted $ (0.10) $ (0.47)
Weighted average number of common shares outstanding, basic and diluted 13,673,126 12,245,278