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Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Revenues    
Validator revenue (net of fees) $ 1,339,628 $ 1,692,454
Total revenues 1,339,628 1,692,454
Cost of revenues    
Validator expenses 359,778 426,440
Gross profit 979,850 1,266,014
Operating expenses:    
General and administrative 1,863,916 1,916,193
Research and development 687,288 611,758
Compensation and related expenses 2,129,144 3,313,638
Marketing 12,153 78,171
Impairment loss on crypto assets 13,348,874
Realized (gains) losses on crypto asset transactions 604,269 (506,757)
Total operating expenses 5,296,770 18,761,877
Other income (expenses):    
Change in unrealized appreciation (depreciation) on crypto assets 12,135,648
Change in fair value of warrant liabilities 1,638,750
Distributions to warrant holders (35,625)
Total other income (expenses) 12,135,648 1,603,125
Net income (loss) $ 7,818,728 $ (15,892,738)
Net loss per share attributable to common stockholders, basic $ 0.55 $ (1.25)
Net loss per share attributable to common stockholders,diluted $ 0.55 $ (1.25)
Weighted average number of common shares outstanding, basic 14,092,233 12,732,914
Weighted average number of common shares outstanding, diluted 14,092,233 12,732,914