v3.25.1
Consolidated Statements of Cash Flows - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (5,406,999) $ 2,353,838
Adjustments to reconcile net income (loss) to net cash used in operating activities    
Depreciation and amortization 2,037,578 1,976,196
Noncash lease expense 50,592 26,043
Amortization of debt issue costs 21,264 0
Stock compensation 0 71,047
Stock option expense 110,805 110,804
Accrued investment income 0 (8,568)
Accrued interest expense on finance lease 14,710 0
Digital assets other income 0 (4,490)
Loss (gain) on fair value of Bitcoin, net 1,862,680 (4,315,441)
Impairment loss on mining machines 0 1,188,058
Unrealized loss on marketable securities 8,710 2,160
Unrealized loss (gain) on investment and equity securities 25,984 (1,350,979)
Loss on disposal of fixed assets 186,781 8,170
Change in operating assets and liabilities:    
Prepaid expenses and other assets 96,526 1,583,843
Repayments to related party 21,368 32,445
Accounts payable and accrued expenses 370,328 (22,003)
Mining of digital assets (2,273,940) (4,597,908)
Lease liability payments (25,395) (25,863)
Net cash used in operating activities (2,899,008) (2,972,648)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (170,073) 0
Collection of note receivable 200,000 1,449,066
Investment in digital assets - tether (31,420) 0
Proceeds from sale of Bitcoin 1,204,680 1,296,233
Proceeds from the sale of tether 27,964  
Deposits for mining equipment (480,176) (1,096,961)
Distribution to members (1,015) 0
Net cash provided by investing activities 749,101 1,640,100
CASH FLOWS FROM FINANCING ACTIVITIES:    
Insurance financing repayments (193,090) (241,917)
Issue costs (6,285) 0
Net cash used in financing activities (199,375) (241,917)
NET DECREASE IN CASH (2,349,282) (1,574,465)
CASH - BEGINNING OF PERIOD 3,378,152 2,401,831
CASH - END OF PERIOD 1,028,870 827,366
SUPPLEMENTAL DISCLOSURES OF NON-CASH ACTIVITIES    
Insurance financing 168,324 0
Change in accounting principle (see Note 1) 0 614,106
SUPPLEMENTAL DISCLOSURES OF CASHFLOW INFORMATION    
Cash paid for taxes 0 0
Cash paid for interest 184,932 0
Original Product [Member]    
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net collections of finance receivables 458 (8,238)
Special Product [Member]    
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net collections of finance receivables $ (1,317) $ 0

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