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Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues        
Blockchain infrastructure revenues (net of fees) $ 739,157 $ 316,242 $ 1,751,735 $ 1,013,503
Total revenues 739,157 316,242 1,751,735 1,013,503
Cost of revenues        
Blockchain infrastructure costs 543,308 83,100 872,781 278,726
Gross profit 195,849 233,142 878,954 734,777
Operating expenses:        
General and administrative 586,926 283,239 1,613,481 1,510,637
Research and development 213,332 148,525 523,658 531,053
Compensation and related expenses 942,860 409,960 2,274,130 1,450,546
Marketing 55,611 2,155 141,690 11,121
Realized (gains) losses on crypto asset transactions 121,964 43,791 (176,050) 604,270
Total operating expenses 1,920,693 887,670 4,376,909 4,107,627
Other income (expenses):        
Change in unrealized appreciation (depreciation) on crypto assets (7,396,380) (2,914,029) (237,052) 3,734,213
Change in fair value of warrant liabilities 53,437 285,000 195,937 142,500
Other income 28,000 28,000
Total other income (expenses) (7,314,943) (2,629,029) (13,115) 3,876,713
Net income (loss) $ (9,039,787) $ (3,283,557) $ (3,511,070) $ 503,863
Basic net income (loss) per share attributable to common stockholders $ (0.56) $ (0.23) $ (0.22) $ 0.04
Diluted net income (loss) per share attributable to common stockholders $ (0.56) $ (0.23) $ (0.22) $ 0.03
Basic weighted average number of common shares outstanding 16,158,032 14,317,750 15,870,343 13,957,097
Diluted weighted average number of common shares outstanding, basic and diluted 16,158,032 14,317,750 15,870,343 17,437,809