v3.25.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (7,655,432) $ (18,875,367)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 7,774,161 4,983,480
Noncash lease expense 109,842 98,536
Amortization of debt issue costs 35,435 0
Stock compensation 76,322 1,095,705
Stock option expense 443,220 1,843,731
Professional fees paid in common shares 100,001 0
Accrued investment income (197,104) (159,692)
Digital assets other income (4,490) 0
Gain on fair value of Bitcoin, net (7,390,002) 0
Impairment loss on mining equipment 1,379,375 0
Impairment loss on digital assets 0 965,967
Impairment loss on mining machine deposits 12,941 36,691
Impairment loss on hosting deposits 0 184,236
Impairment loss on Symbiont assets 0 750,678
Unrealized gain on marketable securities (9,190) (13,570)
Realized gain on securities 0 (4,420)
Unrealized loss on investment and equity securities 1,097,433 9,771,050
Loss on disposal of fixed assets 136,100 9,389
Allowance for loss on debt security 0 0
Proceeds from securities 0 744,036
Realized gain on sale of digital assets 0 (2,072,425)
Reversal of allowance loss on debt security 0 (1,052,542)
Investments in marketable securities 0 (739,616)
Change in operating assets and liabilities:    
Prepaid expenses and other assets 3,781,133 189,407
Hosting deposits (12,941) (36,691)
Repayments to related party (6,901) (52,643)
Accounts payable and accrued expenses (1,075,346) 177,478
Mining of digital assets (10,432,605) (12,289,131)
Proceeds from sale of digital assets 0 10,874,701
Lease liability payments (108,131) (95,948)
Income tax receivable 0 262,279
Net cash used in operating activities (11,946,179) (3,404,681)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (1,732,472) (1,625,284)
Proceeds from sale of fixed assets 78,806 0
Acquisition of Tech Infrastructure JV I LLC assets (3,642,870) 0
Investment in note receivable (3,587,195) (125,000)
Collection of note receivable 0 2,651,943
Collection of note receivable - related party 1,449,066 0
Investment in digital assets (485,500) (35,157)
Proceeds from sale of digital assets 8,309,104 27,815
Proceeds from the sale of tether 11,928 0
Symbiont asset acquisition 0 1,800,000
Financing activities for Symbiont asset acquisition 0 (402,361)
Distribution to members (19,616) 0
Net cash provided by investing activities 379,421 2,299,537
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from borrowings 6,329,910 0
Insurance financing repayments (709,491) (624,481)
Exercise of warrants 4,748,971  
Exercise of options 25,000 0
Proceeds from equity offering 2,148,689 0
Issue costs for the issuance of common stock 0 (106,550)
Net cash provided by (used in) financing activities 12,543,079 (731,031)
NET INCREASE (DECREASE) IN CASH 976,321 (1,836,175)
CASH - BEGINNING OF PERIOD 2,401,831 4,238,006
CASH - END OF PERIOD 3,378,152 2,401,831
SUPPLEMENTAL DISCLOSURES OF NON-CASH ACTIVITIES    
Insurance financing 528,217 716,292
ROU assets and lease obligation recognized 859,474 21,887
Reclassification of mining equipment deposit to fixed assets, net 0 1,177,226
Capital expenditures in accrued liabilities 0 1,035,374
Reclassification of Reverse stock split 0 10,859
Tech infrastructure note receivable applied towards acquisition 3,775,731 0
Change in accounting principle (see Note 1) 614,106 0
SUPPLEMENTAL DISCLOSURES OF CASHFLOW INFORMATION    
Cash paid for taxes 0 0
Cash paid for interest 430,232 0
Original Product [Member]    
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net collections of finance receivables 1,059 (6,428)
Special Product [Member]    
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net collections of finance receivables $ (2,889) $ 14,009

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