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Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues, net $ 7,087,837 $ 4,931,211
Operating expenses    
Banking and payment costs 6,758,924 4,626,748
Custody and trading costs 45,785 21,288
Compensation and benefits 6,457,940 757,365
Marketing expenses 399,798 42,467
Professional fees 1,788,505 36,668
Amortization expense 91,071 57,353
(Gain) loss on customer rewards liability (1,100,857) 3,423,045
Loss (gain) on digital assets - rewards treasury 1,010,586 (3,491,889)
Other selling, general and administrative expenses 1,136,455 312,894
Total operating expenses 16,588,207 5,785,939
Operating loss (9,500,370) (854,728)
Loss on digital assets - investment treasury (15,617,152) 0
Change in fair value of SAFEs (6,503,113) (95,064)
Change in fair value of convertible note (6,534,143) 0
Convertible note issuance costs and fees (9,569,109) 0
Interest expense (1,271,638) 0
Other income 120,303 12,855
Other income (expense), net (39,374,852) (82,209)
Net loss before income taxes (48,875,222) (936,937)
Income tax expense 3,978 8,109
Net loss $ (48,879,200) $ (945,046)
Net loss per share attributable to common stockholders:    
Basic $ (1.92) $ (0.16)
Diluted $ (1.92) $ (0.16)
Weighted average common shares outstanding:    
Basic 25,436,398 5,836,882
Diluted 25,436,398 5,836,882