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Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash $ 14,398,099 $ 1,024,710
Short-term investments, at fair value 2,167,419 2,592,689
Investment in equity securities, at fair value 199,998
Accounts receivable 8
Prepaid expenses and other current assets 63,609 25,132
Total Current Assets 16,829,125 3,642,539
LONG-TERM ASSETS:    
Property and equipment, net 70,374 52,606
Intangible assets, net 125,000
Digital currencies 37 801
Total Long-Term Assets 195,411 53,407
TOTAL ASSETS 17,024,536 3,695,946
CURRENT LIABILITIES:    
Accounts payable 338,791 215,882
Accrued expenses 61,590 54,154
Deferred revenue 1,126
Total Current Liabilities 401,507 270,036
Total Liabilities 401,507 270,036
Commitments and Contingencies (See Note 7)
STOCKHOLDERS’ EQUITY:    
Preferred stock; par value $0.0001; 5,000,000 shares authorized; No shares issued and outstanding on December 31, 2024 and 2023
Common stock; par value $0.0001: 50,000,000 shares authorized; 6,923,453 and 988,368 share issued and outstanding on December 31, 2024 and 2023, respectively 692 99
Additional paid-in capital 25,416,451 8,711,550
Accumulated other comprehensive income 11,693 95,785
Accumulated deficit (8,799,721) (5,381,524)
Total Gaxos.AI Stockholders’ Equity 16,629,115 3,425,910
Noncontrolling interest (6,086)
Total Stockholders’ Equity 16,623,029 3,425,910
Total Liabilities and Stockholders’ Equity $ 17,024,536 $ 3,695,946