Quarterly report [Sections 13 or 15(d)]

SEGMENT REPORTING (Tables)

v3.26.1
SEGMENT REPORTING (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of segment information
                       
Three Months Ended June 30, 2026            
    Operating Segment     Corporate & Other     Total  
                   
Revenue   $ 80,019     $ –     $ 80,019  
Cost of goods sold     (148,203 )     –       (148,203 )
Gross margin     (68,184 )     –       (68,184 )
                         
Operating expenses:                        
Sales and marketing     2,382,844       –       2,382,844  
Product development     170,505       –       170,505  
General and administrative     1,335,514       –       1,335,514  
Corporate     –       223,471       223,471  
Digital asset custody fee     –       23,704       23,704  
Share-based compensation expense     –       92,789       92,789  
Shareholder litigation matter     –       9,858,130       9,858,130  
Loss on digital asset     –       27,913,227       27,913,227  
Total operating expenses     3,888,863       38,111,321       42,000,184  
                         
Other income     –       31,751       31,751  
Gain on change in fair value of financial liabilities     –       20,117       20,117  
Interest income     –       44,725       44,725  
Interest expense     –       (1,062,659 )     (1,062,659 )
                         
Net loss   $ (3,957,047 )   $ (39,077,387 )   $ (43,034,434 )

 

                         
Six Months Ended June 30, 2026            
    Operating Segment     Corporate & Other     Total  
                   
Revenue   $ 305,721     $ –     $ 305,721  
Cost of goods sold     (310,827 )     –       (310,827 )
Gross margin     (5,106 )     –       (5,106 )
                         
Operating expenses:                        
Sales and marketing     2,706,480       –       2,706,480  
Product development     295,451       –       295,451  
General and administrative     2,975,706       –       2,975,706  
Corporate     –       448,922       448,922  
Digital asset custody fee     –       33,270       33,270  
Share-based compensation expense     –       1,797,041       1,797,041  
Shareholder litigation matter     –       10,850,451       10,850,451  
Loss on digital assets     –       106,267,263       106,267,263  
Total operating expenses     5,977,637       119,396,947       125,374,584  
                         
Other income     –       585,180       585,180  
Loss on repayment of term loan     –       (568,142 )     (568,142 )
Loss on change in fair value of financial liabilities     –       (41,900 )     (41,900 )
Interest income     –       87,264       87,264  
Interest expense     –       (3,120,694 )     (3,120,694 )
                         
Net loss   $ (5,982,743 )   $ (122,455,239 )   $ (128,437,982 )