|
FY2025
12 months to Dec 31, 2025
|
FY2024
12 months to Dec 31, 2024
|
|
|---|---|---|
| Net Income / (Loss) | ||
| Adjustments to Reconcile Net Income / (Loss) to Net Cash Used in Operating Activities: | ||
| Depreciation and Amortization | ||
| Amortization of Operating Lease Right-of-Use Assets | ||
| Loss on Disposal of Property and Equipment | ||
| Restructuring Expenses | ||
| Non-cash Warrant Issued | ||
| Change in Fair Value of Intangible Digital Assets | ||
| Change in Fair Value of Contingency Liability | ||
| Impairment Loss / (Gain) on Investment | ||
| Gain on Extinguishment of Debt | ||
| Change in Fair Value of Convertible Notes | ||
| Change in Fair Value of Warrant Liabilities | ||
| Non-Cash Interest Expense | ||
| Non-Cash Shares in Lieu of Compensation | ||
| Non-Cash Share-Based Compensation | ||
| Changes in Operating Assets and Liabilities: | ||
| Accounts Receivable | ||
| Inventory | ||
| Other Current Assets | ||
| Intangible Digital Assets | ||
| Other Long Term Assets | ||
| Accounts Payable | ||
| Other Current Liabilities | ||
| Operating Lease Liabilities | ||
| Other Long Term Liabilities | ||
| Net Cash Provided by / (Used in) Operating Activities | ||
| Cash Flow Provided by / (Used in) Investing Activities | ||
| Purchase of Intangible Digital Assets | ||
| Proceeds from Sale of Financial Digital Assets | ||
| Purchase of Property and Equipment | ||
| Proceeds from Sale of Asset | ||
| Proceeds from Sales of Assets | ||
| Proceeds from Purchase of Thinking Tree Spirits | ||
| Net Cash Provided by / (Used in) Investing Activities | ||
| Cash Flow from Financing Activities | ||
| Proceeds from PIPE Sale of Prepaid Warrants, net | ||
| Proceeds from Notes Payable (including Factoring Agreements) | ||
| Proceeds from Whiskey Notes (including proceeds from related party Whiskey Notes of $1,100,000 and $800,000 for the years ended December 31, 2024 and 2023, respectively) | ||
| Proceeds from Convertible Notes (including proceeds from related party convertible notes of $0 and $4,675,000 for the years ended December 31, 2024 and 2023, respectively) | ||
| Proceeds from Whiskey Notes (including proceeds from related party Whiskey Notes of $0 and $1,100,000 for the years ended December 31, 2025 and 2024, respectively) | ||
| Repayment of Notes Payable | ||
| Proceeds from Initial Public Offering of Common Stock, net of Underwriting Commission | ||
| Expenses related to Initial Public Offering, recorded to Additional Paid-in-Capital, net against IPO Proceeds | ||
| Proceeds from Private Placement of Common Warrants | ||
| Proceeds from Private Placement of Series A and Series B Preferred Stock (and warrants) | ||
| Preferred Stock - Series A | ||
| Preferred Stock - Series B | ||
| Total proceeds from Private Placement of Series A and Series B Preferred Stock (and warrants) | ||
| Deferred Transaction Costs associated with S-1 Filing | ||
| Proceeds from Warrants Exercised | ||
| Proceeds from ELOC Sales of Common Stock | ||
| Common Stock Shares Repurchased | ||
| Net Cash Provided by Financing Activities | ||
| Net Increase / (Decrease) in Cash | ||
| Cash – Beginning of Period | ||
| Cash – End of Period | ||
| Supplemental Cash Flow Information related to Interest Paid & Income Taxes Paid: | ||
| Cash Paid during the Period for: | ||
| Interest Expense | ||
| Income Tax Expense | ||
| Supplemental Schedule of Non-Cash Investing and Financing Activities: | ||
| Right-of-use Assets Obtained in Exchange for New Operating Lease Liabilities | ||
| Purchase of $IP Tokens with USDC | ||
| Sale of Prepaid Warrants for $IP Tokens and USDC in PIPE Offering | ||
| Issued Warrants for Debt and Vendor Settlements | ||
| Warrant exercised to purchase stock | ||
| Exercise of Prepaid Warrants to Purchase Common Stock | ||
| Exercise of Common Warrants to Purchase Common Stock | ||
| Exchange of Prepaid Warrants to Purchase Common Stock for Series B Preferred Stock | ||
| Exchange of Series A Preferred Stock and Related Warrants for Series B Preferred Stock | ||
| Total warrant exercised to purchase stock | ||
| RSUs Vested | ||
| Right-of-Use Assets Obtained / (Released) in Exchange for Operating Lease Liabilities | ||
| Transaction Costs Associated with S-1 Filing in Accounts Payable and Other Current Liabilities | ||
| Deferred Transaction Costs Applied Against IPO Proceeds | ||
| Unpaid Property and Equipment Additions | ||
| Preferred Stock and Warrants Issued in Exchange for Barrels and Inventory | ||
| Preferred Stock and Warrants Issued in Exchange for Factoring Agreement Notes Payable Including Interest and Fees | ||
| Series A Preferred Stock and Warrants Issued in Exchange for Barrels and Inventory | ||
| Series A Preferred Stock and Warrants Issued in Exchange for Factoring Agreement Notes Payable Including Interest and Fees | ||
| Preferred Stock Issued in Exchange for Warrants | ||
| Conversion of Convertible Notes | ||
| Preferred Stock - Series A | ||
| 2022 and 2023 Convertible Notes | ||
| Convertible Notes To Warrants | ||
| Conversion of Whiskey Notes | ||
| Common Stock Exchanged for Prepaid Warrants | ||
| 2022 and 2023 Convertible Notes | ||
| Conversion of Whiskey Notes | ||
| Exercise of Warrants to Purchase Common Stock | ||
| Common Stock Exchanged for Prepaid Warrants (2022 and 2023 Convertible Notes) | ||
| 2022 and 2023 Convertible Notes | ||
| Conversion of Whiskey Notes | ||
| Prepaid Warrants Issued in Exchange for Common Stock |
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