XML 51 R40.htm IDEA: XBRL DOCUMENT v3.25.3
BASIS OF PRESENTATION (Details Narrative) - USD ($)
3 Months Ended 9 Months Ended
Sep. 29, 2025
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Dec. 31, 2023
Restricted cash   $ 3,744,219           $ 3,744,219      
Cash and cash equivalents   889,441           889,441   $ 315,105  
Net cash used in operating activities               $ (3,851,273) $ (3,883,215)    
Convertible debt instrument, description               the Company entered into a Securities Purchase Agreement for the issuance of up to $300 million of senior secured convertible promissory notes, with an initial $8 million closing completed on August 6, 2025 (the ‘Initial Note’). The availability of these proceeds, primarily intended for digital asset acquisition and working capital, significantly improves the Company’s liquidity and alleviates substantial doubt regarding our ability to continue as a going concern for at least the next 12 months. The initial closing, amounting to $8 million, was completed on August 6, 2025, while additional tranches of up to $292 million may be issued in multiple subsequent closings, subject to the satisfaction of certain management and regulatory conditions as defined in the agreement. Under the terms of the initial note, the Company is entitled to receive an additional $2 million upon the effectiveness of the registration statement covering the shares issuable upon conversion of the Initial Note      
Proceeds from issuance of stock under ATM program               $ 1,021,934 649,039    
Stockholders' equity   23,134,884 $ 26,231,633 $ 25,951,711 $ 34,976,599 $ 32,119,574 $ 34,546,682 23,134,884 34,976,599 24,532,929 $ 36,043,028
Accumulated deficit   (123,021,330)           (123,021,330)   $ (114,022,275)  
Working capital   (430,029)           (430,029)      
Revenue   17,110,425     12,411,048     45,568,655 40,202,238    
Net Loss   $ (5,352,890) $ (2,828,068) $ (818,097) $ (2,182,534) $ (2,590,711) $ (1,866,690) $ (8,999,055) $ (6,639,935)    
At-the-Market ("ATM") sales program                      
Issuance of stock under ATM program, shares 941,690             3,992,541      
Proceeds from issuance of stock under ATM program $ 1,021,933             $ 4,376,622