XML 15 R4.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue:        
Total revenue $ 2,267,191 $ 3,521,154 $ 4,588,727 $ 7,017,336
Operating expenses:        
Processing and servicing costs, excluding merchant portfolio amortization 1,964,314 2,972,679 3,773,128 5,726,272
Amortization and depreciation expense 117,847 3,972 308,808
Depreciation expense – cryptocurrency mining 120,967 843,671 379,316 1,593,191
Salaries and wages 1,052,614 689,198 1,583,970 1,705,536
Professional fees 334,566 564,855 412,139 1,213,298
General and administrative expenses 491,476 947,987 981,627 1,972,879
Total operating expenses 3,963,937 6,136,237 7,134,152 12,519,984
Loss from operations (1,696,746) (2,615,083) (2,545,425) (5,502,648)
Other income (expense):        
Realized gain (loss) on sale of cryptocurrency 225,229
Unrealized (loss) gain on investment 274,731
Interest expense (169,805) (32,929) (395,124) (45,942)
Loss on conversion related party (175,763) (175,763)
Loss on settlement of accounts payable and debt (52,000) (52,000)
Loss on settlement of law suit (30,000) (45,000)
Total other income (expense) (427,568) (32,929) (667,887) 454,018
Net Loss before income taxes (2,124,314) (2,648,012) (3,213,312) (5,048,630)
Income tax expense
Net Loss (2,124,314) (2,648,012) (3,213,312) (5,048,630)
Preferred dividends (related parties) (30,970) (30,630) (62,281)
Deemed dividend – preferred stock (775,000) (775,000)
Net Loss Applicable to Common Shareholders $ (2,899,314) $ (2,678,982) $ (4,018,942) $ (5,110,911)
Net loss per common share, basic (in Dollars per share) $ (0.66) $ (1.49) $ (3.68) $ (2.88)
Net loss per common share, diluted (in Dollars per share) $ (0.66) $ (1.49) $ (3.68) $ (2.88)
Weighted average shares outstanding, basic (in Shares) 4,390,281 1,797,583 1,091,286 1,773,133
Weighted average shares outstanding, diluted (in Shares) 4,390,281 1,797,583 1,091,286 1,773,133
Transaction and processing fees        
Revenue:        
Total revenue $ 2,096,342 $ 2,484,193 $ 4,154,619 $ 4,772,402
Merchant equipment rental and sales        
Revenue:        
Total revenue 4,563 27,940 16,687 48,123
Revenue, net - cryptocurrency mining        
Revenue:        
Total revenue 60,190 52,319 145,672 263,936
Other revenue from monthly recurring subscriptions        
Revenue:        
Total revenue 70,359 145,026 142,996 253,894
Digital product revenue        
Revenue:        
Total revenue $ 35,737 $ 811,676 $ 128,753 $ 1,678,981