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v3.25.3

Segments (Tables) | 9 Months Ended
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Sep. 30, 2025
Segments [Abstract] |
Schedule of Reportable Segments | The following tables detail revenue, operating expenses, and assets, liabilities and equity for the Company’s reportable segments as of and for the nine months ended September 30, 2025.
|  | Fintech Segment |  |  | Bitcoin Mining Segment |  |  | Consolidated Total |
ASSETS |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash |  | $ | 3,489 |  |  | $ | 51 |  |  | $ | 3,540 |
Accounts receivable, net |  |  | 46,863 |  |  |  | — |  |  |  | 46,863 |
Other receivables |  |  | 420,382 |  |  |  | 398,983 |  |  |  | 819,365 |
Other current assets |  |  | 6,230 |  |  |  | 14,236 |  |  |  | 20,466 |
Total Current Assets |  |  | 476,964 |  |  |  | 413,270 |  |  |  | 890,234 |
Other Assets: |  |  |  |  |  |  |  |  |  |  |  |
Property and equipment, net |  |  | — |  |  |  | 2,728,530 |  |  |  | 2,728,530 |
Goodwill |  |  | 8,139,889 |  |  |  | — |  |  |  | 8,139,889 |
Operating lease right-of-use assets |  |  | 108,517 |  |  |  | — |  |  |  | 108,517 |
Other long-term assets |  |  | 380,953 |  |  |  | — |  |  |  | 380,953 |
Total Other Assets |  |  | 8,629,359 |  |  |  | 2,728,530 |  |  |  | 11,357,889 |
TOTAL ASSETS |  | $ | 9,106,323 |  |  |  | 3,141,800 |  |  | $ | 12,248,123 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Cash overdraft |  | $ | 27,019 |  |  | $ | — |  |  | $ | 27,019 |
Accounts payable |  |  | 3,343,519 |  |  |  | 655,612 |  |  |  | 3,999,131 |
Accrued expenses |  |  | 676,652 |  |  |  | 63,375 |  |  |  | 740,027 |
Merchant portfolio purchase installment obligation |  |  | 2,000,000 |  |  |  | — |  |  |  | 2,000,000 |
Related party payable |  |  | 111,640 |  |  |  | 4,175 |  |  |  | 115,815 |
Operating lease liability – current portion |  |  | 44,940 |  |  |  | — |  |  |  | 44,940 |
Due to/from intercompany |  |  | (23,704,629 | ) |  |  | 23,704,629 |  |  |  | — |
Total Current Liabilities |  |  | (17,500,859 | ) |  |  | 24,427,791 |  |  |  | 6,926,932 |
Long Term Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Operating lease liability – net of current portion |  |  | 63,057 |  |  |  | — |  |  |  | 63,057 |
Total Liabilities |  |  | (17,437,802 | ) |  |  | 24,427,791 |  |  |  | 6,989,989 |
Stockholders’ Equity: |  |  |  |  |  |  |  |  |  |  |  |
Series A Preferred stock |  |  | — |  |  |  | — |  |  |  | — |
Common stock |  |  | 877 |  |  |  | — |  |  |  | 877 |
Treasury stock |  |  | (109,988 | ) |  |  | — |  |  |  | (109,988 | )
Additional paid-in capital |  |  | 78,330,384 |  |  |  | — |  |  |  | 78,330,384 |
Accumulated deficit |  |  | (51,677,148 | ) |  |  | (21,285,991 | ) |  |  | (72,963,139 | )
Total stockholders’ equity |  |  | 26,544,125 |  |  |  | (21,285,991 | ) |  |  | 5,258,134 |
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY |  | $ | 9,106,323 |  |  |  | 3,141,800 |  |  | $ | 12,248,123 |
The following tables detail revenue and expenses for the Company’s reportable segments as of and for the nine months ended September 30, 2025.
|  | Fintech Segment |  |  | Bitcoin Mining Segment |  |  | Consolidated Total |
Revenue: |  |  |  |  |  |  |  |  |
Transaction and processing fees |  | $ | 6,260,981 |  |  | $ | — |  |  | $ | 6,260,981 |
Merchant equipment rental and sales |  |  | 21,238 |  |  |  | — |  |  |  | 21,238 |
Revenue, net - bitcoin mining |  |  | — |  |  |  | 224,486 |  |  |  | 224,486 |
Other revenue from monthly recurring subscriptions |  |  | 215,193 |  |  |  | — |  |  |  | 215,193 |
Digital product revenue |  |  | 180,023 |  |  |  | — |  |  |  | 180,023 |
Total revenue |  |  | 6,677,435 |  |  |  | 224,486 |  |  |  | 6,901,921 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |
Processing and servicing costs, excluding merchant portfolio amortization |  |  | 5,864,065 |  |  |  | — |  |  |  | 5,864,065 |
Amortization expense |  |  | — |  |  |  | — |  |  |  | — |
Depreciation expense |  |  | — |  |  |  | 503,982 |  |  |  | 503,982 |
Salaries and wages |  |  | 1,332,254 |  |  |  | 754,220 |  |  |  | 2,086,474 |
Professional fees |  |  | 367,371 |  |  |  | 162,333 |  |  |  | 529,704 |
General and administrative expenses |  |  | 1,132,652 |  |  |  | 465,258 |  |  |  | 1,597,910 |
Total operating expenses |  |  | 8,696,342 |  |  |  | 1,885,793 |  |  |  | 10,582,135 |
Loss from operations |  |  | (2,018,907 | ) |  |  | (1,661,307 | ) |  |  | (3,680,214 | )
Other income (expense): |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  | (395,164 | ) |  |  | (191 | ) |  |  | (395,355 | )
Loss on conversion related party |  |  | (175,763 | ) |  |  | — |  |  |  | (175,763 | )
Loss on extinguishment of debt |  |  | (52,000 | ) |  |  | — |  |  |  | (52,000 | )
Other expense |  |  | (85,000 | ) |  |  | — |  |  |  | (85,000 | )
Total other income |  |  | (707,927 | ) |  |  | (191 | ) |  |  | (708,118 | )
Net loss |  |  | (2,726,834 | ) |  |  | (1,661,948 | ) |  |  | (4,388,332 | )
Deemed Preferred dividends (related party) |  |  | (775,000 | ) |  |  | — |  |  |  | (775,000 | )
Preferred dividends (related party) |  |  | (30,630 | ) |  |  | — |  |  |  | (30,630 | )
Net Loss Applicable to Common Stockholders’ |  | $ | (3,532,464 | ) |  | $ | (1,661,948 | ) |  | $ | (5,193,962 | )
The following tables detail revenue and expenses for the Company’s reportable segments as of and for the nine months ended September 30, 2024.
For the Nine Months Ended September 30, 2024
|  | Fintech Segment |  |  | Bitcoin Mining Segment |  |  | Consolidated Total |
Revenue: |  |  |  |  |  |  |  |  |
Transaction and processing fees |  | $ | 7,341,998 |  |  | $ | — |  |  | $ | 7,341,998 |
Merchant equipment rental and sales |  |  | 64,243 |  |  |  | — |  |  |  | 64,243 |
Revenue, net - bitcoin mining |  |  | — |  |  |  | 341,972 |  |  |  | 341,972 |
Other revenue from monthly recurring subscriptions |  |  | 307,285 |  |  |  | — |  |  |  | 307,285 |
Digital product revenue |  |  | 2,045,760 |  |  |  | — |  |  |  | 2,045,760 |
Total revenue |  |  | 9,759,286 |  |  |  | 341,972 |  |  |  | 10,101,258 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |
Processing and servicing costs, excluding merchant portfolio amortization |  |  | 8,330,686 |  |  |  | — |  |  |  | 8,330,686 |
Amortization expense |  |  | 196,309 |  |  |  | 224,998 |  |  |  | 421,307 |
Depreciation expense |  |  | 73,319 |  |  |  | 2,175,889 |  |  |  | 2,249,208 |
Salaries and wages |  |  | 1,564,589 |  |  |  | 745,731 |  |  |  | 2,310,320 |
Professional fees |  |  | 1,453,837 |  |  |  | 213,133 |  |  |  | 1,666,970 |
General and administrative expenses |  |  | 1,487,588 |  |  |  | 768,085 |  |  |  | 2,255,673 |
Total operating expenses |  |  | 13,106,328 |  |  |  | 4,127,836 |  |  |  | 17,234,164 |
Loss from operations |  |  | (3,347,042 | ) |  |  | (3,785,864 | ) |  |  | (7,132,906 | )
Other income (expense): |  |  |  |  |  |  |  |  |  |  |  |
Realized gain on sale of bitcoin |  |  | — |  |  |  | 225,229 |  |  |  | 225,229 |
Unrealized gain on investment |  |  | — |  |  |  | 274,731 |  |  |  | 274,731 |
Interest expense |  |  | (45,942 | ) |  |  | — |  |  |  | (45,942 | )
Total other (expense) income |  |  | (45,942 | ) |  |  | 499,960 |  |  |  | 454,018 |
Net loss |  |  | (3,392,984 | ) |  |  | (3,285,904 | ) |  |  | (6,678,888 | )
Preferred dividends (related parties) |  |  | (93,592 | ) |  |  | — |  |  |  | (93,592 | )
Net Loss Applicable to Common Shareholders |  | $ | (3,486,576 | ) |  | $ | (3,285,904 | ) |  | $ | (6,772,480 | )

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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