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Fair Value of Financial Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Schedule of Fair Value of Assets and Liabilities Valued on Recurring Basis

The following tables present the Company’s assets and liabilities that are measured at fair value on a recurring basis and the Company’s estimated level within the fair value hierarchy of those assets and liabilities as of December 31, 2023 and 2022:

 Schedule of Fair Value of Assets and Liabilities Valued on Recurring Basis

		Fair Value Measured at December 31, 2023
		Total at December 31,				Quoted prices in active markets				Significant other observable inputs				Significant unobservable inputs
		2023				(Level 1)				(Level 2)				(Level 3)
Assets
Crypto Assets		$	25,202,929			$	25,202,929			$	-			$	-
Investments			100,000				-				-				100,000
Total Assets		$	25,302,929			$	25,202,929			$	-			$	100,000
Liabilities
Warrant Liabilities		$	213,750			$	-			$	-			$	213,750

		Fair Value Measured at December 31, 2022
		Total at December 31,				Quoted prices in active markets				Significant other observable inputs				Significant unobservable inputs
		2022				(Level 1)				(Level 2)				(Level 3)
Assets
Investments		$	100,000			$	-			$	-			$	100,000
Liabilities
Warrant Liabilities		$	213,750			$	-			$	-			$	213,750

Schedule of Changes in Fair Value and Other Adjustments of Warrants

The following table sets forth a summary of the changes in the fair value of the Company’s Level 3 financial assets and liabilities for the years ended December 31, 2023 and 2022, that are measured at fair value on a recurring basis:

 Schedule of Changes in Fair Value and Other Adjustments of Warrants

		Fair Value of Level 3 Financial Assets
		December 31,				December 31,
		2023				2022
Beginning balance		$	100,000			$	-
Purchases			-				100,000
Unrealized appreciation (depreciation)			-				-
Ending balance		$	100,000			$	100,000

		Fair Value of Level 3 Financial Liabilities
		December 31,				December 31,
		2023				2022
Beginning balance		$	213,750			$	1,852,500
Warrant liabilities classification			-				-
Fair value adjustment of warrant liabilities			-				(1,638,750	)
Ending balance		$	213,750			$	213,750

Summary of Valuation Methodology and Significant Unobservable Inputs Warrant Liabilities

A summary of quantitative information with respect to the valuation methodology and significant unobservable inputs used for the Company’s warrant liabilities that are categorized within Level 3 of the fair value hierarchy as of December 31, 2023 and 2022, is as follows:

 Summary of Valuation Methodology and Significant Unobservable Inputs Warrant Liabilities

		December 31, 2023				December 31, 2022
Risk-free rate of interest			4.23	%			3.99	%
Expected volatility			102.81	%			152.84	%
Expected life (in years)			2.18				3.18
Expected dividend yield			-				-

X

- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique used to measure similar asset in prior period by class of asset or liability on non-recurring basis.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-SubTopic 10
-Topic 820
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

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- Definition

Tabular disclosure of financial instrument classified as a derivative asset (liability) after deduction of derivative liability (asset) using recurring unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-SubTopic 10
-Topic 820
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-SubTopic 10
-Topic 820
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-3

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

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