| Schedule of segment information |
| Schedule of segment information |
|
|
|
|
|
|
|
|
|
| Three Months Ended September 30, 2025 |
|
|
|
|
|
|
| |
|
Operating Segment |
|
|
Corporate & Other |
|
|
Total |
|
| |
|
|
|
|
|
|
|
|
|
| Revenue |
|
$ |
198,301 |
|
|
$ |
– |
|
|
$ |
198,301 |
|
| Cost of goods sold |
|
|
(291,602 |
) |
|
|
– |
|
|
|
(291,602 |
) |
| Gross margin |
|
|
(93,301 |
) |
|
|
– |
|
|
|
(93,301 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Operating expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
| Sales and marketing |
|
|
684,943 |
|
|
|
– |
|
|
|
684,943 |
|
| Product development |
|
|
181,671 |
|
|
|
– |
|
|
|
181,671 |
|
| General and administrative |
|
|
4,607,783 |
|
|
|
– |
|
|
|
4,607,783 |
|
| Corporate |
|
|
– |
|
|
|
424,702 |
|
|
|
424,702 |
|
| Digital asset custody fee |
|
|
– |
|
|
|
628,815 |
|
|
|
628,815 |
|
| Share-based compensation expense |
|
|
– |
|
|
|
13,754,360 |
|
|
|
13,754,360 |
|
| Unrealized loss on digital assets |
|
|
– |
|
|
|
14,106,222 |
|
|
|
14,106,222 |
|
| Total operating expenses |
|
|
5,474,397 |
|
|
|
28,914,099 |
|
|
|
34,388,496 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Other income |
|
|
– |
|
|
|
289,670 |
|
|
|
289,670 |
|
| Loss on repayment of credit facility |
|
|
– |
|
|
|
(125,377 |
) |
|
|
(125,377 |
) |
| Gain on change in fair value of financial liabilities |
|
|
– |
|
|
|
39,533 |
|
|
|
39,533 |
|
| Interest income |
|
|
– |
|
|
|
84,134 |
|
|
|
84,134 |
|
| Interest expense |
|
|
– |
|
|
|
(361,464 |
) |
|
|
(361,464 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Net loss |
|
$ |
(5,567,698 |
) |
|
$ |
(28,987,603 |
) |
|
$ |
(34,555,301 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Nine Months Ended September 30, 2025 |
|
|
|
|
|
|
| |
|
Operating Segment |
|
|
Corporate & Other |
|
|
Total |
|
| |
|
|
|
|
|
|
|
|
|
| Revenue |
|
$ |
1,637,286 |
|
|
$ |
– |
|
|
$ |
1,637,286 |
|
| Cost of goods sold |
|
|
(1,924,461 |
) |
|
|
– |
|
|
|
(1,924,461 |
) |
| Gross margin |
|
|
(287,175 |
) |
|
|
– |
|
|
|
(287,175 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Operating expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
| Sales and marketing |
|
|
1,843,804 |
|
|
|
– |
|
|
|
1,843,804 |
|
| Product development |
|
|
791,352 |
|
|
|
– |
|
|
|
791,352 |
|
| General and administrative |
|
|
7,922,974 |
|
|
|
– |
|
|
|
7,922,974 |
|
| Corporate |
|
|
– |
|
|
|
424,702 |
|
|
|
424,702 |
|
| Digital asset custody fee |
|
|
– |
|
|
|
628,815 |
|
|
|
628,815 |
|
| Share-based compensation expense |
|
|
1,100,670 |
|
|
|
13,754,360 |
|
|
|
14,855,030 |
|
| Unrealized loss on digital assets |
|
|
– |
|
|
|
14,106,222 |
|
|
|
14,106,222 |
|
| Total operating expenses |
|
|
11,658,800 |
|
|
|
28,914,099 |
|
|
|
40,572,899 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Other income |
|
|
– |
|
|
|
348,785 |
|
|
|
348,785 |
|
| Loss on repayment of credit facility |
|
|
– |
|
|
|
(125,377 |
) |
|
|
(125,377 |
) |
| Gain on change in fair value of financial liabilities |
|
|
– |
|
|
|
4,723 |
|
|
|
4,723 |
|
| Interest income |
|
|
– |
|
|
|
241,426 |
|
|
|
241,426 |
|
| Interest expense |
|
|
– |
|
|
|
(525,111 |
) |
|
|
(525,111 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Net loss |
|
$ |
(11,945,975 |
) |
|
$ |
(28,969,653 |
) |
|
$ |
(40,915,628 |
) |
|