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Condensed Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 11,699,552 $ 18,330,359
Accounts receivable, net 942,888 451,455
Inventories 403,595 262,813
Digital assets - rewards treasury 7,365,544 8,569,651
Prepaid expenses and other current assets 4,003,918 687,100
Total current assets 24,415,497 28,301,378
Digital assets - investment treasury 122,957,753 93,568,700
Capitalized software development costs, net 1,175,215 1,000,065
Deferred transaction costs 0 2,784,893
Total assets 148,548,465 125,655,036
Current liabilities    
Accounts payable 1,486,978 1,113,552
Accrued expenses and other current liabilities 1,898,812 71,858
December 2024 convertible note, net 0 11,752,905
Customer rewards liability 7,365,544 8,569,651
Deferred revenue 358,716 387,776
Total current liabilities 11,110,050 21,895,742
Deferred revenue, long-term 470,176 487,690
December 2024 convertible note, net 12,278,826 0
March 2025 convertible note - related party 52,813,643 0
Simple Agreements for Future Equity ("SAFEs") 0 171,080,533
Total liabilities 76,672,695 193,463,965
Commitments and contingencies (Note 13)
Stockholders' equity (deficit)    
Preferred stock, $0.0001 par value; 20,000,000 shares authorized, 0 shares issued and outstanding at March 31, 2025 and 10,204,880 shares issued and outstanding at December 31, 2024 0 1,020
Common stock, $0.0001 par value; 600,000,000 shares authorized, 46,888,876 shares issued and 46,250,665 shares outstanding at March 31, 2025 and 5,836,882 shares issued and outstanding at December 31, 2024 4,625 584
Additional paid-in-capital 222,098,867 33,537,989
Accumulated deficit (150,227,722) (101,348,522)
Total stockholders' equity (deficit) 71,875,770 (67,808,929)
Total liabilities and stockholders' equity $ 148,548,465 $ 125,655,036