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Condensed Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 6,663,463 $ 18,330,359
Accounts receivable, net 289,940 451,455
Inventories 366,049 262,813
Digital assets - rewards treasury 9,295,587 8,569,651
Prepaid expenses and other current assets 2,460,384 687,100
Total current assets 19,075,423 28,301,378
Digital assets - investment treasury 170,392,495 93,568,700
Capitalized software development costs, net 1,188,750 1,000,065
Deferred transaction costs 0 2,784,893
Other non-current assets 309,444 0
Total assets 190,966,112 125,655,036
Current liabilities    
Accounts payable 1,051,437 1,113,552
Accrued expenses and other current liabilities 2,221,132 71,858
December 2024 convertible note, net 0 11,752,905
Customer rewards liability 9,295,587 8,569,651
Deferred revenue 382,983 387,776
Total current liabilities 12,951,139 21,895,742
Deferred revenue, long-term 440,013 487,690
June 2025 convertible note, net 21,644,139 0
March 2025 convertible note - related party 60,750,183 0
Simple Agreements for Future Equity ("SAFEs") 0 171,080,533
Other non-current liabilities 491,397 0
Total liabilities 96,276,871 193,463,965
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 September 30, 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, 48,720,405 shares issued and48,018,545 shares outstanding at September 30, 2025 and 5,836,882 shares issued and outstanding at December 31, 2024 4,873 584
Additional paid-in-capital 230,932,280 33,537,989
Accumulated deficit (136,247,912) (101,348,522)
Total stockholders' equity (deficit) 94,689,241 (67,808,929)
Total liabilities and stockholders' equity $ 190,966,112 $ 125,655,036