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Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 7,652,203 $ 18,330,359
Accounts receivable, net 728,001 451,455
Inventories 478,045 262,813
Digital assets - rewards treasury 6,872,869 8,569,651
Prepaid expenses and other current assets 2,384,684 687,100
Total current assets 18,115,802 28,301,378
Digital assets - investment treasury 133,658,791 93,568,700
Capitalized software development costs, net 1,393,752 1,000,065
Deferred transaction costs 0 2,784,893
Other non-current assets 299,309 0
Total assets 153,467,654 125,655,036
Current liabilities    
Accounts payable 704,789 1,113,552
Accrued expenses and other current liabilities 3,166,186 71,858
December 2024 convertible note, net 0 11,752,905
Credit facility 10,000,000 0
Customer rewards liability 6,872,869 8,569,651
Deferred revenue 366,252 387,776
Total current liabilities 21,110,096 21,895,742
Deferred revenue, long-term 0 487,690
June 2025 convertible note, net 21,469,675 0
March 2025 convertible note - related party 47,207,556 0
Simple Agreements for Future Equity ("SAFEs") 0 171,080,533
Other non-current liabilities 689,680 0
Total liabilities 90,477,007 193,463,965
Commitments and contingencies (Note 13)
Stockholders' equity (deficit)    
Preferred stock, $0.0001 par value; 20,000,000 shares authorized, 0 shares issued and outstanding at December 31, 2025 and 10,204,880 shares issued and outstanding at December 31, 2024 0 1,020
Common stock, $0.0001 par value; 600,000,000 shares authorized, 48,477,883 shares issued and 48,419,266 shares outstanding at December 31, 2025 and 5,836,882 shares issued and outstanding at December 31, 2024 4,849 584
Additional paid-in-capital 233,924,782 33,537,989
Accumulated deficit (170,938,984) (101,348,522)
Total stockholders' equity (deficit) 62,990,647 (67,808,929)
Total liabilities and stockholders' equity $ 153,467,654 $ 125,655,036