XML 17 R7.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Net Cash flows used from operating activities:    
Net income $ 12,256,586 $ 4,965,468
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation expense 1,495 1,153
Stock-based compensation 878,042 531,617
Blockchain infrastructure revenue (385,773) (311,508)
Change in fair value of warrant liabilities 285,000
Realized gains on crypto assets transactions (10,687) (7,554)
Change in unrealized (appreciation) depreciation on crypto assets (13,102,667) (6,293,207)
Changes in operating assets and liabilities:    
Stablecoins 6,247
Prepaid expenses and other current assets 30,841 30,278
Receivable for capital shares sold 291,440
Accounts payable and accrued expenses (28,865) (34,773)
Accrued compensation (705,673) (292,506)
Net cash used in operating activities (769,014) (1,126,032)
Cash flows from investing activities:    
Purchase of productive crypto assets for validating (18,719) (134,019)
Sale of productive crypto assets 47,543
Net cash provided by (used in) investing activities (18,719) (86,476)
Cash flow from financing activities:    
Net proceeds from issuance common stock/ At-the-market offering 508,783
Net cash provided by financing activities 508,783
Net (decrease)/increase in cash (787,733) (703,725)
Cash, beginning of period 1,458,327 2,146,783
Cash, end of period $ 670,594 $ 1,443,058