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Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues    
Blockchain infrastructure revenues (net of fees) $ 385,773 $ 311,508
Total revenues 385,773 311,508
Cost of revenues    
Blockchain infrastructure costs 95,012 82,014
Gross profit 290,761 229,494
Operating expenses:    
General and administrative 487,599 609,829
Research and development 146,549 201,625
Compensation and related expenses 455,779 462,090
Marketing 57,602 6,243
Realized (gains) losses on crypto asset transactions (10,687) (7,554)
Total operating expenses 1,136,842 1,272,233
Other income (expenses):    
Change in unrealized appreciation (depreciation) on crypto assets 13,102,667 6,293,207
Change in fair value of warrant liabilities (285,000)
Total other income (expenses) 13,102,667 6,008,207
Net income $ 12,256,586 $ 4,965,468
Basic net income (loss) per share attributable to common stockholders $ 0.78 $ 0.36
Diluted net income (loss) per share attributable to common stockholders $ 0.63 $ 0.29
Basic weighted average number of common shares outstanding 15,691,677 13,673,126
Diluted weighted average number of common shares outstanding 19,410,550 17,187,025