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Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues        
Validator revenue (net of fees) $ 385,753 $ 514,349 $ 697,261 $ 1,077,364
Total revenues 385,753 514,349 697,261 1,077,364
Cost of revenues        
Validator expense 113,612 93,900 195,626 231,769
Gross profit 272,141 420,449 501,635 845,595
Operating expenses:        
General and administrative 617,569 512,051 1,227,398 1,162,340
Research and development 180,903 185,004 382,528 321,722
Compensation and related expenses 578,496 638,025 1,040,586 2,061,921
Marketing 2,723 23,691 8,966 65,484
Impairment loss on crypto assets/currencies 784,602 8,894,797 879,509 12,202,225
Realized gains on crypto asset/currency transactions (731,199) (398,446) (748,030) (469,556)
Total operating expenses 1,433,094 9,855,122 2,790,957 15,344,136
Other income (expenses):        
Change in fair value of warrant liabilities 142,500 1,710,000 (142,500) 1,068,750
Distributions to warrant holders (35,625)
Total other income (expenses) 142,500 1,710,000 (142,500) 1,033,125
Net loss $ (1,018,453) $ (7,724,673) $ (2,431,822) $ (13,465,416)
Net loss per share attributable to common stockholders, basic $ (0.07) $ (0.61) $ (0.18) $ (1.08)
Net loss per share attributable to common stockholders, diluted $ (0.07) $ (0.61) $ (0.18) $ (1.08)
Weighted average number of common shares outstanding, basic 13,873,331 12,644,719 13,773,782 12,446,102
Weighted average number of common shares outstanding, diluted 13,873,331 12,644,719 13,773,782 12,446,102