v3.25.3
Consolidated Statements of Cash Flows - USD ($)
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (9,071,041) $ (8,218,466)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 6,049,054 5,787,390
Noncash lease expense 152,723 79,629
Amortization of debt issue costs 66,994 0
Stock issued for services 0 100,001
Stock compensation 0 76,322
Stock option expense 259,384 332,415
Accrued investment income 0 (123,076)
Accrued interest expense on finance lease 42,875 0
Digital assets other income 0 (4,490)
Gain on fair value of Bitcoin, net (2,930,833) (3,154,700)
Impairment loss on mining machines 0 1,188,058
Impairment loss on hosting deposits 0 12,941
Unrealized loss (gain) on marketable securities 3,420 (984)
Unrealized loss on investment and equity securities 140,452 852,624
Loss on disposal of fixed assets 286,359 54,506
Change in operating assets and liabilities:    
Prepaid expenses and other assets 391,857 3,650,696
Repayments to related party 43,393 41,541
Accounts payable and accrued expenses 2,081,605 (664,681)
Mining of digital assets (6,090,708) (8,618,436)
Lease liability payments (194,322) (81,304)
Net cash used in operating activities (8,768,788) (8,690,014)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (635,691) (1,228,428)
Proceeds from sale of fixed assets 953,153 78,806
Collection of note receivable 200,000 1,449,066
Acquisition of hosting site (4,230,368) 0
Investment in notes receivable 0 (2,867,195)
Investment in digital assets - Bitcoin (18,673,167) 0
Investment in digital assets - Tether (29,572) 0
Proceeds from sale of Bitcoin 6,984,091 6,821,185
Proceeds from the sale of Tether 29,460 3,003
Deposits for mining equipment (1,004,326) 0
Distribution to members (1,015) (19,616)
Net cash provided by (used in) investing activities (16,414,532) 4,230,632
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from borrowings, net of issuance costs 1,240,195 6,344,084
Insurance financing repayments (588,123) (547,022)
Exercise of options 0 25,000
Proceeds from warrant exercise 95,999 0
Proceeds from the issuance of common stock , net of issuance costs 21,348,668 2,148,704
Net cash provided by financing activities 22,096,739 7,970,766
NET INCREASE (DECREASE) IN CASH (3,086,581) 3,511,384
CASH - BEGINNING OF PERIOD 3,378,152 2,401,831
CASH - END OF PERIOD 291,571 5,913,215
SUPPLEMENTAL DISCLOSURES OF NON-CASH ACTIVITIES    
Insurance financing 352,501 0
Change in accounting principle (see Note 1) 0 614,106
Issuance of common stock as retainer for services 431,460 0
SUPPLEMENTAL DISCLOSURES OF CASHFLOW INFORMATION    
Cash paid for taxes 0 0
Cash paid for interest 489,083 222,697
Original Product [Member]    
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net collections of finance receivables (3,145) (4,618)
Special Product [Member]    
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net collections of finance receivables $ (3,952) $ (1,571)

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