LIQUIDITY AND GOING CONCERN	9 Months Ended
Sep. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]
LIQUIDITY AND GOING CONCERN	NOTE 2 — LIQUIDITY AND GOING CONCERN As of September 30, 2025, the Company had approximately $38.7 million in cash and an accumulated deficit of $129 million. For the nine months ended September 30, 2025 and year ended December 31, 2024, the Company used cash of $4.8 million and $6.3 million, respectively, in operations. From January to July 2025, the Company borrowed a total of $3,640,000 from nine investors as short-term borrowings, each due within six months after the date of borrowing. In July 2025, the Company closed a private placement transaction to raise additional funding through the sale of equity, for a net total of $4,258,000. In September 2025, the Company closed a subscription agreement to raise additional funding through the sale of equity for a net total of $37,700,000. While this $37.7 million of cash was received, up to $6.8 million of the net cash proceeds will be used to pay existing debt and fund the Company’s existing research and development operations, and the balance of the cash proceeds will be used for the establishment of the Company’s new cryptocurrency treasury operations, and will therefore not readily be available to fund immediate operations. Additionally, during the nine months ended September 30, 2025, the Company repaid approximately $1.1 million of outstanding promissory notes. The Company expects to continue to have net losses and negative cash flow from operations, which will challenge its liquidity . While the Company is establishing cryptocurrency treasury operations, it is newly established and there are no guarantees it will generate revenue. These factors raise substantial doubt about the Company’s ability to continue as a going concern for the one-year period following the date that these financial statements were issued. There is no assurance that profitable operations will ever be achieved, or, if achieved, could be sustained on a continuing basis. The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. The financial statements do not include any adjustments that would be necessary should the Company be unable to continue as a going concern, and therefore, be required to liquidate its assets and discharge its liabilities in other than the normal course of business and at amounts that may differ from those reflected in the accompanying financial statements.

LIQUIDITY AND GOING CONCERN

9 Months Ended

Sep. 30, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

NOTE 2 — LIQUIDITY AND GOING CONCERN

As of September 30, 2025, the Company had approximately $38.7 million in cash and an accumulated deficit of $129 million. For the nine months ended September 30, 2025 and year ended December 31, 2024, the Company used cash of $4.8 million and $6.3 million, respectively, in operations.

From January to July 2025, the Company borrowed a total of $3,640,000 from nine investors as short-term borrowings, each due within six months after the date of borrowing. In July 2025, the Company closed a private placement transaction to raise additional funding through the sale of equity, for a net total of $4,258,000. In September 2025, the Company closed a subscription agreement to raise additional funding through the sale of equity for a net total of $37,700,000. While this $37.7 million of cash was received, up to $6.8 million of the net cash proceeds will be used to pay existing debt and fund the Company’s existing research and development operations, and the balance of the cash proceeds will be used for the establishment of the Company’s new cryptocurrency treasury operations, and will therefore not readily be available to fund immediate operations.

Additionally, during the nine months ended September 30, 2025, the Company repaid approximately $1.1 million of outstanding promissory notes.

The Company expects to continue to have net losses and negative cash flow from operations, which will challenge its liquidity . While the Company is establishing cryptocurrency treasury operations, it is newly established and there are no guarantees it will generate revenue. These factors raise substantial doubt about the Company’s ability to continue as a going concern for the one-year period following the date that these financial statements were issued.

There is no assurance that profitable operations will ever be achieved, or, if achieved, could be sustained on a continuing basis.

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. The financial statements do not include any adjustments that would be necessary should the Company be unable to continue as a going concern, and therefore, be required to liquidate its assets and discharge its liabilities in other than the normal course of business and at amounts that may differ from those reflected in the accompanying financial statements.