| Schedule of segment information |
| Schedule of segment information |
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| |
|
Operating Segment |
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|
Corporate & Other |
|
|
Total |
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| |
|
|
|
|
|
|
|
|
|
| Revenue |
|
$ |
974,977 |
|
|
$ |
– |
|
|
$ |
974,977 |
|
| Cost of goods sold |
|
|
(1,337,595 |
) |
|
|
– |
|
|
|
(1,337,595 |
) |
| Gross margin |
|
|
(362,618 |
) |
|
|
– |
|
|
|
(362,618 |
) |
| |
|
|
|
|
|
|
|
|
|
|
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|
| Operating expenses: |
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|
|
|
|
|
|
|
|
|
|
|
| Sales and marketing |
|
|
1,483,138 |
|
|
|
– |
|
|
|
1,483,138 |
|
| Product development |
|
|
398,605 |
|
|
|
– |
|
|
|
398,605 |
|
| General and administrative |
|
|
9,286,470 |
|
|
|
– |
|
|
|
9,286,470 |
|
| Corporate |
|
|
– |
|
|
|
752,323 |
|
|
|
752,323 |
|
| Digital asset custody fee |
|
|
– |
|
|
|
713,185 |
|
|
|
713,185 |
|
| Share-based compensation expense |
|
|
1,100,670 |
|
|
|
16,724,269 |
|
|
|
17,824,939 |
|
| Unrealized loss on digital assets |
|
|
– |
|
|
|
122,659,151 |
|
|
|
122,659,151 |
|
| Total operating expenses |
|
|
12,268,883 |
|
|
|
140,848,928 |
|
|
|
153,117,811 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Other income |
|
|
– |
|
|
|
1,565,515 |
|
|
|
1,565,515 |
|
| Loss on repayment of credit facility |
|
|
– |
|
|
|
(125,377 |
) |
|
|
(125,377 |
) |
| Gain on change in fair value of financial liabilities |
|
|
– |
|
|
|
46,672 |
|
|
|
46,672 |
|
| Interest income |
|
|
– |
|
|
|
292,623 |
|
|
|
292,623 |
|
| Interest expense |
|
|
– |
|
|
|
(2,253,819 |
) |
|
|
(2,253,819 |
) |
| Loss from continuing operations before income taxes |
|
|
(12,631,501 |
) |
|
|
(141,323,314 |
) |
|
|
(153,954,815 |
) |
| Income tax benefit |
|
|
– |
|
|
|
5,383,973 |
|
|
|
5,383,973 |
|
| |
|
|
|
|
|
|
|
|
|
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| Loss from continuing operations |
|
$ |
(12,631,501 |
) |
|
$ |
(135,939,341 |
) |
|
$ |
(148,570,842 |
) |
Prior to the implementation of the Company’s
digital asset treasury strategy in July 2025, the Company operated as one operating segment, and the Company’s chief operating decision
maker was the CEO, who used the consolidated statement of operations to assess financial performance. For the year ended December 31,
2024, see the consolidated statement of operations above.
|