BTCS (BTCS) 10-Q11 Aug 222022 Q2 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	6 Months Ended
Cover - shares	Jun. 30, 2022	Aug. 08, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2022
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--12-31
Entity File Number	001-40792
Entity Registrant Name	BTCS Inc.
Entity Central Index Key	0001436229
Entity Tax Identification Number	90-1096644
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	9466 Georgia Avenue #124
Entity Address, City or Town	Silver Spring
Entity Address, State or Province	MD
Entity Address, Postal Zip Code	20910
City Area Code	202
Local Phone Number	430-6576
Title of 12(b) Security	Common Stock, par value $0.001
Trading Symbol	BTCS
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		12,965,537

Balance Sheets

Balance Sheets - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Current assets:
Cash	$ 3,191,418	$ 1,400,867
Digital assets/currencies	19,803	3,117,360
Staked digital assets/currencies	2,475,868	623,754
Prepaid expense	261,175	324,551
Total current assets	5,948,264	5,466,532
Other assets:
Property and equipment, net	10,615	9,783
Staked digital assets/currencies - long term	5,498,808	8,625,678
Total other assets	5,509,423	8,635,461
Total Assets	11,457,687	14,101,993
Liabilities and Stockholders’ Equity:
Accounts payable and accrued expense	143,037	138,716
Accrued compensation	140,187	7,334
Warrant liabilities	783,750	1,852,500
Total current liabilities	1,066,974	1,998,550
Stockholders’ equity:
Common stock, 97,500,000 shares authorized at $0.001 par value, 12,703,794 and 10,528,212 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively	12,705	10,529
Additional paid in capital	159,432,894	147,682,384
Accumulated deficit	(149,054,886)	(135,589,470)
Total stockholders’ equity	10,390,713	12,103,443
Total Liabilities and Stockholders’ Equity	$ 11,457,687	$ 14,101,993

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Common stock, shares authorized	97,500,000	97,500,000
Common stock, par or stated value per share	$ 0.001	$ 0.001
Common stock, shares issued	12,703,794	10,528,212
Common stock, shares outstanding	12,703,794	10,528,212

Statements of Operations (Unaud

Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
Statements of Operations (Unaudited) - USD ($)	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenues
Total revenues	$ 514,349	$ 380,499	$ 1,077,364	$ 453,023
Cost of revenues
Validator expense	93,900	59,249	231,769	74,245
Gross profit	420,449	321,250	845,595	378,778
Operating expenses:
General and administrative	512,051	312,967	1,162,340	866,948
Research and development	185,004	245,336	321,722	328,269
Compensation and related expenses	638,025	1,703,771	2,061,921	9,041,450
Marketing	23,691	1,365	65,484	2,786
Impairment loss on digital assets/currencies	8,894,797	2,267,374	12,202,225	3,569,138
Realized gains on digital asset/currency transactions	(398,446)		(469,556)	(3,054,418)
Total operating expenses	9,855,122	4,530,813	15,344,136	10,754,173
Other income (expenses):
Interest expense		(59,835)		(114,082)
Amortization on debt discount		(572,675)		(1,134,771)
Change in fair value of warrant liabilities	1,710,000		1,068,750
Distributions to warrant holders			(35,625)
Total other income (expenses)	1,710,000	(632,510)	1,033,125	(1,248,853)
Net loss	(7,724,673)	(4,842,073)	(13,465,416)	(11,624,248)
Deemed dividends related to amortization of beneficial conversion feature of Series C-2 convertible preferred stock		(16,177)		(32,353)
Deemed dividends related to recognition of downround adjustment to conversion amount for Series C-2 convertible preferred stock		(198,663)		(5,020,883)
Net loss attributable to common stockholders	$ (7,724,673)	$ (5,056,913)	$ (13,465,416)	$ (16,677,484)
Net loss per share attributable to common stockholders, basic and diluted	$ (0.61)	$ (0.89)	$ (1.08)	$ (3.19)
Weighted average number of common shares outstanding, basic and diluted	12,644,719	5,667,229	12,446,102	5,225,019
Validator Revenue (net of fees) [Member]
Revenues
Total revenues	$ 514,349	$ 380,499	$ 1,077,364	$ 453,023

Statements of Changes in Stockh

Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)	Series C-1 Convertible Preferred Stock [Member] Preferred Stock [Member]	Series C-2 Convertible Preferred Stock [Member] Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Dec. 31, 2020	$ 29		$ 4,201	$ 120,578,944	$ (119,539,887)	$ 1,043,287
Beginning balance, shares at Dec. 31, 2020	29,414		4,201,035
Stock-based compensation			$ 53	9,226,174		9,226,227
Stock-based compensation, shares			52,797
Net loss					(11,624,248)	(11,624,248)
Common stock issued including equity commitment fee, net			$ 289	2,811,245		2,811,534
Common stock issued including equity commitment fee, net, shares			288,778
Issuance of common stock and warrants for cash, net			$ 950	8,855,500		8,856,450
Issuance of common stock and warrants for cash, net, shares			950,000
Issuance of Series C-2 convertible preferred stock		$ 1,100,000				1,100,000
Issuance of series C-2 convertible preferred stock, shares		1,100,000
Conversion of Series C-1 Convertible Preferred stock	$ (29)		$ 20	(167)		(176)
Conversion of series C-1 convertible preferred stock, shares	(29,414)		19,609
Beneficial conversion features associated with convertible notes payable				1,000,000		1,000,000
Beneficial conversion feature of Series C-2 convertible preferred stock		(129,412)		129,412
Deemed dividends related to amortization of beneficial conversion feature of Series C-2 convertible preferred stock		32,353		(32,353)
Deemed dividends related to recognition of downround adjustment to conversion amount for Series C-2 convertible preferred stock		5,020,883		(5,020,883)
Warrant exercise			$ 200	398,000		398,200
Warrant exercise, shares			200,000
Stock-based compensation in connection with issuance of Series C-2 convertible preferred stock		179,277				179,277
Ending balance, value at Jun. 30, 2021		$ 6,203,101	$ 5,713	137,945,872	(131,164,135)	12,990,551
Ending balance, shares at Jun. 30, 2021		1,100,000	5,712,219
Beginning balance, value at Mar. 31, 2021		$ 5,988,261	$ 5,590	135,674,928	(126,322,062)	15,346,717
Beginning balance, shares at Mar. 31, 2021		1,100,000	5,589,037
Stock-based compensation			$ 6	1,686,954		1,686,960
Stock-based compensation, shares			6,218
Net loss					(4,842,073)	(4,842,073)
Common stock issued including equity commitment fee, net			$ 117	798,830		798,947
Common stock issued including equity commitment fee, net, shares			116,964
Deemed dividends related to amortization of beneficial conversion feature of Series C-2 convertible preferred stock		16,177		(16,177)
Deemed dividends related to recognition of downround adjustment to conversion amount for Series C-2 convertible preferred stock		198,663		(198,663)
Ending balance, value at Jun. 30, 2021		$ 6,203,101	$ 5,713	137,945,872	(131,164,135)	12,990,551
Ending balance, shares at Jun. 30, 2021		1,100,000	5,712,219
Beginning balance, value at Dec. 31, 2021			$ 10,529	147,682,384	(135,589,470)	12,103,443
Beginning balance, shares at Dec. 31, 2021			10,528,212
Issuance of common stock, net of offering cost / At-the-market offering			$ 1,831	10,602,610		10,604,441
Issuance of common stock, net of offering cost at the market offering, shares			1,830,588
Stock-based compensation			$ 345	1,782,457		1,782,802
Stock-based compensation, shares			344,994
Dividend distributions				(634,557)		(634,557)
Net loss					(13,465,416)	(13,465,416)
Ending balance, value at Jun. 30, 2022			$ 12,705	159,432,894	(149,054,886)	10,390,713
Ending balance, shares at Jun. 30, 2022			12,703,794
Beginning balance, value at Mar. 31, 2022			$ 12,617	158,848,780	(141,330,213)	17,531,184
Beginning balance, shares at Mar. 31, 2022			12,616,010
Issuance of common stock, net of offering cost / At-the-market offering			$ 40	90,634		90,674
Issuance of common stock, net of offering cost at the market offering, shares			40,012
Stock-based compensation			$ 48	493,480		493,528
Stock-based compensation, shares			47,772
Dividend distributions
Net loss					(7,724,673)	(7,724,673)
Ending balance, value at Jun. 30, 2022			$ 12,705	$ 159,432,894	$ (149,054,886)	$ 10,390,713
Ending balance, shares at Jun. 30, 2022			12,703,794

Statements of Cash Flows (Unaud

Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
Statements of Cash Flows (Unaudited) - USD ($)	Jun. 30, 2022	Jun. 30, 2021
Net Cash flows used from operating activities:
Net loss	$ (13,465,416)	$ (11,624,248)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation expense	1,727	299
Amortization on debt discount		1,134,771
Stock-based compensation	1,782,802	9,226,702
Stock-based compensation in connection with issuance of Series C-2 convertible preferred stock		179,277
Validator revenue	(1,077,364)	(453,023)
Blockchain network fees (non-cash)	1,321
Change in fair value of warrant liabilities	(1,068,750)
Purchase of non-productive digital assets/currencies		(5,761,549)
Sale of non-productive digital assets/currencies	2,547,322	4,274,491
Realized gains on digital assets/currencies transactions	(469,556)	(3,054,418)
Impairment loss on digital assets/currencies	12,202,225	3,569,138
Changes in operating assets and liabilities:
Prepaid expenses and other current assets	63,376	(566,337)
Accounts payable and accrued expenses	565	130,541
Accrued compensation	132,853	(346,689)
Net cash provided by (used in) operating activities	651,105	(3,291,045)
Net cash used in investing activities:
Purchase of productive digital assets/currencies for validating	(9,141,785)	(8,493,136)
Sale of productive digital assets/currencies	310,149
Purchase of property and equipment	(2,558)	(3,245)
Net cash used in investing activities	(8,834,194)	(8,496,381)
Net cash provided by financing activities:
Dividend distributions	(630,801)
Proceeds from exercise of warrants		400,000
Proceeds from issuance of Series C-2 convertible preferred stock		1,100,000
Net proceeds from issuance of convertible notes		1,000,000
Net proceeds from issuance of common stock and warrants for cash		8,865,000
Net proceeds from issuance of common stock		2,814,133
Net proceeds from issuance common stock/ At-the-market offering	10,604,441
Payment to convertible notes principle
Net cash provided by financing activities	9,973,640	14,179,133
Net increase in cash	1,790,551	2,391,707
Cash, beginning of period	1,400,867	524,135
Cash, end of period	3,191,418	2,915,842
Supplemental disclosure of non-cash financing and investing activities:
Deemed dividends related to amortization of beneficial conversion feature of Series C-2 convertible preferred stock		32,353
Deemed dividends related to recognition of downround adjustment to conversion amount for Series C-2 convertible preferred stock		5,020,883
Conversion of Series C-1 Preferred Stock		196
Beneficial conversion feature of Series C-2 convertible preferred stock		129,412
Beneficial conversion features associated with convertible notes payable		$ 1,000,000

Business Organization and Natur

Business Organization and Nature of Operations	6 Months Ended
Business Organization and Nature of Operations	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business Organization and Nature of Operations	Note 1 - Business Organization and Nature of Operations BTCS Inc. (formerly Bitcoin Shop, Inc.), a Nevada corporation (the “Company”) was incorporated in 2008. In February 2014, the Company entered the business of hosting an online e-commerce marketplace where consumers could purchase merchandise using Digital Assets, including Bitcoin. The Company is currently focused on blockchain and digital currency ecosystems. In late 2014 we shifted our focus towards our transaction verification service business, also known as Bitcoin mining, though in mid-2016 we ceased our mining operation at our North Carolina facility due to capital constraints. In January 2015, the Company began a rebranding campaign using its BTCS.com domain to better reflect its broadened strategy. The Company recently released its new website which included broader information on its strategy. The Company’s blockchain infrastructure operations focuses on securing next-generation blockchains and operating validator nodes on various proof of stake-based blockchain networks, earning rewards of additional Digital Assets by actively validating transactions on the networks. The Company is developing a Digital Asset Platform that would enable users to aggregate their Digital Asset portfolio holdings from multiple exchanges and wallets into a single platform to view and analyze performance, risk metrics, and potential tax implications. The internally developed platform utilizes Digital Asset exchange APIs to read user data and does not allow for the trading of assets. We also are developing and plan to integrate into the Digital Asset Platform a proprietary Staking-as-a-Service feature that would enable users participate in asset leveraging through securing blockchain protocols and to stake and delegating supported cryptocurrencies to BTCS operated validator nodes through a non-custodial platform. The market is rapidly evolving and there can be no assurances that we will be competitive with industry participants that have or may have greater resources than us. Amendment to Articles of Incorporation On August 12, 2021, the Company filed a Certificate of Change with the Nevada Secretary of State to affect a 1-for-10 reverse split of the Company’s class of Common Stock (the “Reverse Split”). The Certificate of Change became effective on August 13, 2021. No fractional shares were issued in connection with the Reverse Split and all such fractional interests were rounded up to the nearest whole number of shares of Common Stock. The Company now has 97,500,000

Basis of Presentation

Basis of Presentation	6 Months Ended
Basis of Presentation	Jun. 30, 2022
Accounting Policies [Abstract]
Basis of Presentation	Note 2 - Basis of Presentation The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information, the instructions to Form 10-Q and the rules and regulations of the SEC. Accordingly, since they are interim statements, the accompanying unaudited condensed financial statements do not include all of the information and notes required by GAAP for annual financial statements, but in the opinion of the Company’s management, reflect all adjustments consisting of normal, recurring adjustments, that are necessary for a fair presentation of the financial position, results of operations and cash flows for the interim periods presented. Interim results for the three and six months ended June 30, 2022 are not necessarily indicative of results for the full year ended December 31, 2022. The unaudited condensed financial statements and notes should be read in conjunction with the financial statements and notes for the year ended December 31, 2021.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
Summary of Significant Accounting Policies	Jun. 30, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 3 - Summary of Significant Accounting Policies There have been no material changes in the Company’s significant accounting policies to those previously disclosed in the 2021 Annual Report. Basis of presentation The accompanying financial statements have been prepared in accordance with United States generally accepted accounting principles (“GAAP”). Reclassifications Certain prior period amounts have been reclassified in order to conform with the current period presentation. These reclassifications have no impact on the Company’s previously reported net income (loss). Concentration of Cash The Company maintains cash balances at two financial institutions in checking accounts and money market accounts. The Company considers all highly liquid investments with original maturities of six months or less when purchased to be cash and cash equivalents. As of June 30, 2022 and December 31, 2021, the Company had approximately $ 3.2 1.4 Financial instruments that potentially subject the Company to concentration of credit risk consist principally of cash deposits. Accounts at each institution are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $ 250,000 2.7 0.9 Revenue Recognition The Company recognizes revenue under Accounting Standards Codification (“ASC”) 606 , Revenue from Contracts with Customers ● Step 1: Identify the contract with the customer ● Step 2: Identify the performance obligations in the contract ● Step 3: Determine the transaction price ● Step 4: Allocate the transaction price to the performance obligations in the contract ● Step 5: Recognize revenue when the Company satisfies a performance obligation Revenue is recognized when control of the promised goods or services is transferred to the customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. The Company generates revenue through staking rewards. The Company has entered into network-based smart contracts by running its own Digital Asset validating nodes as well as by staking Digital Assets with staking pools on nodes run by third-party operators (either directly or through exchanges). Through these contracts, the Company provides cryptocurrency to stake on a node for the purpose of validating transactions and adding blocks to a respective blockchain network. The term of a smart contract can vary based on the rules of the respective blockchain and typically last a few weeks to months after it is canceled by the operator and requires that the cryptocurrency staked remain locked up during the duration of the smart contract. In exchange for staking the cryptocurrency and validating transactions on blockchain networks, the Company is entitled to all of the fixed cryptocurrency award for running the Company’s own node and is entitled to a fractional share of the fixed cryptocurrency award a third-party staking pool operator receives (less digital asset transaction fees payable to the pool operator or exchanges, which are immaterial and are recorded as a deduction from revenue), for successfully adding a block to the blockchain. The Company’s fractional share of awards received by a third-party staking pool is based on the proportion of cryptocurrency the Company staked to the staking pool node to the total cryptocurrency staked by all pool participants validating blockchain transactions. The provision of validating blockchain transactions is an output of the Company’s ordinary activities. Each separate block creation or validation under a smart contract with a network represents a performance obligation. The transaction consideration the Company receives - the cryptocurrency awards - is a non-cash consideration, which the Company measures at fair value on the date received. The fair value of the cryptocurrency award received is determined using the quoted price of the related cryptocurrency at the time of receipt. The satisfaction of the performance obligation for transaction verification services occurs at a point in time when confirmation is received from the network indicating that the validation is complete, and the awards are available for transfer. At that point, revenue is recognized. Cost of revenue The Company’s cost of revenue consists primarily of direct production costs related to the operations of validating transactions on the network, rent and utilities for locations housing server nodes to the extent applicable, hosting costs if cloud-based servers are utilized and fees (including stock-based fees) paid to 3rd parties to assist in software maintenance and operations of its nodes. Digital Assets Translations and Remeasurements The Company accounts for its Digital Assets as indefinite-lived intangible assets in accordance with ASC 350, Intangibles –Goodwill and Other Digital Assets held are included in the balance sheets as either current assets or other assets if they are staked and locked up for over one year. The Company’s Digital Assets are initially recorded at fair value upon receipt (or “carrying value”). The fair value of Digital Assets is determined using the average U.S. dollar spot price of the related Digital Asset. On a quarterly basis, Digital Assets are measured at carrying value, net of any impairment losses incurred since receipt. The Company will record impairment losses as the fair value falls below the carrying value of the Digital Assets at any time during the period, as determined using the lowest U.S. dollar spot price of the related Digital Asset subsequent to its acquisition. The Digital Assets can only be marked down when impaired and not marked up when their value increases. Such impairment in the value of Digital Assets are recorded as a component of costs and expenses in our statements of operations. The Company recorded impairment losses related to Digital Assets of approximately $ 12.2 3.6 Impairment losses cannot be recovered for any subsequent increase in fair value until the sale or disposal of the asset. Realized gain (loss) on sale of Digital Assets are included in other income (expense) in the statements of operations. The Company recorded realized gains (losses) on Digital Assets of approximately $ 470,000 3.1 The presentation of purchases and sales of Digital Assets on the Statement of Cash Flows is determined by the nature of the Digital Assets, which can be characterized as productive (i.e. purchased for purposes of staking) or non-productive. The purchase of non-productive Digital Assets and currencies are included as an operating activity, whereas the purchase of productive Digital Assets and currencies are included as investing activities in accordance with ASC 230-10-20 Investing activities. Internally Developed Software Internally developed software consisting of the core technology of the Company’s Digital Asset Platform which is being designed to allow user to aggregate and analyze data from Digital Asset exchanges. For internally developed software, the Company uses both its own employees as well as the services of external vendors and independent contractors. The Company accounts for computer software used in the business in accordance with ASC 985-20 and ASC 350. ASC 985-20, Software-Costs of Computer Software to Be Sold, Leased, or Otherwise Marketed, ASC 350, Intangibles-Goodwill and Other Property and Equipment Property and equipment consists of computer, equipment and office furniture and fixtures, all of which are recorded at cost. Depreciation and amortization is recorded using the straight-line method over the respective useful lives of the assets ranging from three to five years. Long-lived assets are reviewed for impairment whenever events or circumstances indicate that the carrying amount of these assets may not be recoverable. Use of Estimates The accompanying financial statements have been prepared in conformity with U.S. GAAP. This requires management to make estimates and assumptions that affect certain reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the period. The Company’s significant estimates and assumptions include the recoverability and useful lives of indefinite life intangible assets, stock-based compensation, and the valuation allowance related to the Company’s deferred tax assets. Certain of the Company’s estimates, including the carrying amount of the indefinite life intangible assets, could be affected by external conditions, including those unique to the Company and general economic conditions. It is reasonably possible that these external factors could have an effect on the Company’s estimates and could cause actual results to differ from those estimates and assumptions. Income Taxes The Company recognizes income taxes on an accrual basis based on tax positions taken or expected to be taken in its tax returns. A tax position is defined as a position in a previously filed tax return or a position expected to be taken in a future tax filing that is reflected in measuring current or deferred income tax assets and liabilities. Tax positions are recognized only when it is more likely than not (i.e., likelihood of greater than 50%), based on technical merits, that the position would be sustained upon examination by taxing authorities. Tax positions that meet the more likely than not threshold are measured using a probability-weighted approach as the largest amount of tax benefit that is greater than 50% likely of being realized upon settlement Accounting for Warrants The Company accounts for the issuance of Common Stock purchase warrants issued in connection with the equity offerings in accordance with the provisions of ASC 815, Derivatives and Hedging (“ASC 815”). The Company classifies as equity any contracts that (i) require physical settlement or net-share settlement or (ii) gives the Company a choice of net-cash settlement or settlement in its own shares (physical settlement or net-share settlement). The Company classifies as assets or liabilities any contracts that (i) require net-cash settlement (including a requirement to net-cash settle the contract if an event occurs and if that event is outside the control of the Company) or (ii) gives the counterparty a choice of net-cash settlement or settlement in shares (physical settlement or net-share settlement). In addition, Under ASC 815, registered Common Stock warrants that require the issuance of registered shares upon exercise and do not expressly preclude an implied right to cash settlement are accounted for as derivative liabilities. The Company classifies these derivative warrant liabilities on the balance sheet as a current liability. The Company assessed the classification of Common Stock purchase warrants as of the date of each offering and determined that such instruments originally met the criteria for equity classification; however, as a result of the Company no longer being in control of whether the warrants may be cash settled, the instruments no longer qualify for equity classification. Accordingly, the Company classified the warrants as a liability at their fair value and adjusts the instruments to fair value at each reporting period. This liability is subject to re-measurement at each balance sheet date until the warrants are exercised or expired, and any change in fair value is recognized as “change in the fair value of warrant liabilities” in the statements of operations. The fair value of the warrants has been estimated using a Black-Scholes valuation model (see Note 4). Stock-based compensation The Company accounts for stock-based compensation in accordance with ASC 718 Compensation - Stock Compensation (“ASC 718”). ASC 718 addresses all forms of share-based payment (“SBP”) awards including shares issued under employee stock purchase plans and stock incentive shares. Under ASC 718 awards result in a cost that is measured at fair value on the awards’ grant date, based on the estimated number of awards that are expected to vest and will result in a charge to operations. Share-based payment awards exchanged for services are accounted for at the fair value of the award on the estimated grant date. Options Stock options issued under the Company’s long-term incentive plans are granted with an exercise price equal to no less than the market price of the Company’s stock at the date of grant and expire up to ten years from the date of grant. These options often vest over a one-year period. The Company estimates the fair value of stock option grants using the Black-Scholes option pricing model and the assumptions used in calculating the fair value of stock-based awards represent management’s best estimates and involve inherent uncertainties and the application of management’s judgment. Restricted Stock Units (RSUs) For awards vesting upon the achievement of a service condition, compensation cost measured on the grant date will be recognized on a straight-line basis over the vesting period. Stock-based compensation expense for the market-based restricted stock units with explicit service conditions is recognized on a straight-line basis over the longer of the derived service period or the explicit service period, regardless of whether the market condition is satisfied. However, in the event that the explicit service period is not met, previously recognized compensation cost would be reversed. Market-based restricted stock units subject to market-based performance targets require achievement of the performance target as well as a service condition in order for these RSUs to vest. The Company estimates the fair value of market-based RSUs as of the grant date and expected derived term using a Monte Carlo simulation that incorporates pricing inputs covering the period from the grant date through the end of the derived service period. Dividends On January 5, 2022, the board of directors of the Company declared a non-recurring special dividend of $ 0.05 635,000 0 Advertising Expense Advertisement costs are expensed as incurred and included in marketing expenses. Advertising and marketing expenses amounted to approximately $ 65,000 3,000 Net Loss per Share Basic loss per share is computed by dividing the net income or loss applicable to common shares by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed using the weighted average number of common shares and, if dilutive, potential common shares outstanding during the period. Potential common shares consist of the Company’s convertible preferred stock, convertible notes, restricted stock units, options and warrants. Diluted loss per share excludes the shares issuable upon the conversion of preferred stock, notes and warrants from the calculation of net loss per share if their effect would be anti-dilutive. The following financial instruments were not included in the diluted loss per share calculation as of June 30, 2022 and 2021 because their effect was anti-dilutive: Schedule of Earnings Per Share Anti-diluted As of June 30, 2022 2021 Warrants to purchase common stock 945,837 962,794 Series C-1 Convertible Preferred stock - 4,011,765 Convertible notes - 239,264 Options 1,235,000 - Non-vested restricted stock awards units 1,644,198 - Total 3,825,035 5,213,823 Recent Accounting Pronouncements In December 2019, the FASB issued ASU No. 2019-12, “Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (“ASU 2019-12”), which is intended to simplify various aspects related to accounting for income taxes. ASU 2019-12 removes certain exceptions to the general principles in Topic 740 and also clarifies and amends existing guidance to improve consistent application. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020, with early adoption permitted. The Company adopted ASU No. 2019-12 effective January 1, 2021, and the adoption did not have a material impact on its financial statements and related disclosures. In August 2020, the FASB issued ASU No. 2020-06, Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity Other recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company’s present or future financial statements.

Fair Value of Financial Assets

Fair Value of Financial Assets and Liabilities	6 Months Ended
Fair Value of Financial Assets and Liabilities	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value of Financial Assets and Liabilities	Note 4 - Fair Value of Financial Assets and Liabilities Financial instruments, including cash and cash equivalents, accounts and other receivables, accounts payable and accrued liabilities are carried at cost, which management believes approximates fair value due to the short-term nature of these instruments. The Company measures the fair value of financial assets and liabilities based on the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The Company maximizes the use of observable inputs and minimizes the use of unobservable inputs when measuring fair value. The Company uses three levels of inputs that may be used to measure fair value: Level 1 - quoted prices in active markets for identical assets or liabilities Level 2 - quoted prices for similar assets and liabilities in active markets or inputs that are observable Level 3 - inputs that are unobservable (for example, cash flow modeling inputs based on assumptions) The following table presents the Company’s assets and liabilities that are measured at fair value at June 30, 2022 and December 31, 2021: Schedule of Fair Value of Assets and Liabilities Valued on Recurring Basis Fair value measured at June 30, 2022 Total at Quoted prices in active markets Significant other observable inputs Significant unobservable inputs 2022 (Level 1) (Level 2) (Level 3) Liabilities Warrant Liabilities $ 783,750 $  - $  - $ 783,750 Fair value measured at December 31, 2021 Total at December 31, Quoted prices in active markets Significant other Significant unobservable inputs 2021 (Level 1) (Level 2) (Level 3) Liabilities Warrant Liabilities $ 1,852,500 $   - $   - $  1,852,500 Level 3 Valuation Techniques Level 3 financial liabilities consist of the warrant liabilities for which there is no current market for these securities such that the determination of fair value requires significant judgment or estimation. Changes in fair value measurements categorized within Level 3 of the fair value hierarchy are analyzed each period based on changes in estimates or assumptions and recorded as appropriate. A significant decrease in the volatility or a significant decrease in the Company’s stock price, in isolation, would result in a significantly lower fair value measurement. Changes in the values of the warrant liabilities are recorded in “change in fair value of warrant liabilities” in the Company’s statements of operations. On March 2, 2021, the Company entered into a securities purchase agreement (the “Offering”) with certain purchasers pursuant to which the Company agreed to sell an aggregate of (i) 950,000 712,500 9.5 The Warrants require, at the option of the holder, a net-cash settlement following certain fundamental transactions (as defined in the Warrants) at the Company. At the time of issuance, the Company maintained control of certain fundamental transactions and as such the Warrants were initially classified in equity. As of December 31, 2021, the Company no longer maintained control of certain fundamental transactions as they did not control a majority of shareholder votes. As such, the Company may be required to cash settle the Warrants if a fundamental transaction occurs which is outside the Company’s control. Accordingly, the Warrants are classified as liabilities. The Warrants have been recorded at their fair value using the Black-Scholes valuation model, and will be recorded at their respective fair value at each subsequent balance sheet date. This model incorporates transaction details such as the Company’s stock price, contractual terms, maturity, risk free rates, as well as volatility. The Warrants require the issuance of registered shares upon exercise, do not expressly preclude an implied right to cash settlement and are therefore accounted for as derivative liabilities. The Company classifies these derivative warrant liabilities on the balance sheet as a current liability. A summary of quantitative information with respect to the valuation methodology and significant unobservable inputs used for the Company’s warrant liabilities that are categorized within Level 3 of the fair value hierarchy at the date of issuance and, as of June 30, 2022 and December 31, 2021, is as follows: Summary of Valuation Methodology and Significant Unobservable Inputs Warrant Liabilities June 30, 2022 December 31, 2021 Risk-free rate of interest 3.01 % 1.26 % Expected volatility 165.8 % 162.5 % Expected life (in years) 3.68 4.18 Expected dividend yield - - The risk-free interest rate was based on rates established by the Federal Reserve Bank. For the Warrants, the Company estimates expected volatility giving primary consideration to the historical volatility of its Common Stock. The general expected volatility is based on the standard deviation of the Company’s underlying stock price’s daily logarithmic returns. The expected life of the warrants was determined by the expiration date of the warrants. The expected dividend yield was based on the fact that the Company has not historically paid dividends on its Common Stock and does not expect to pay recurring dividends on its Common Stock in the future. The following table sets forth a summary of the changes in the fair value of the Company’s Level 3 financial liabilities for the six months ended June 30, 2022 and 2021, that are measured at fair value on a recurring basis: Schedule of Changes in Fair Value and Other Adjustments of Warrants Fair Value of Level 3 financial liabilities June 30, June 30, 2022 2021 Beginning balance $ 1,852,500 $ - Warrant liabilities classification - - Fair value adjustment of warrant liabilities (1,068,750 ) - Ending balance $ 783,750 $ -

Stockholders_ Equity

Stockholders’ Equity	6 Months Ended
Stockholders’ Equity	Jun. 30, 2022
Equity [Abstract]
Stockholders’ Equity	Note 5 - Stockholders’ Equity Common Stock Reverse Stock Split On August 25, 2021, the Company issued approximately 14,500 1-for-10 Reverse Split At The Market Offering Agreement On September 14, 2021, the Company entered into an At-The-Market Offering Agreement (the “ATM Agreement”) with H.C. Wainwright & Co., LLC, as agent (“H.C. Wainwright”), pursuant to which the Company may offer and sell, from time-to-time through H.C. Wainwright, shares of the Company’s Common Stock having an aggregate offering price of up to $ 98,767,500 3.0 During the six months ended June 30, 2022, the Company sold a total of 1,830,588 10,944,000 5.98 10,604,000 2021 Equity Incentive Plan The Company’s 2021 Equity Incentive Plan (the “2021 Plan”) was effective on January 1, 2021 and approved by shareholders on March 31, 2021. The Company has reserved 2,000,000 7,000,000 Options On January 1, 2021, the Board of Directors of the Company approved the grant of 1.2 1.90 480,000 January 1, 2022 A summary of option activity under the Company’s stock option plan for six months ended June 30, 2022 is presented below: Summary of Option Activity Number of Shares Weighted Average Exercise Price Total Intrinsic Value Weighted Average Remaining Contractual Life Outstanding as of December 31, 2021 1,235,000 $ 2.14 $ 1,488,000 4.3 Employee options granted - - - - Outstanding as of June 30, 2022 1,235,000 $ 2.14 $ - 3.8 Options vested and exercisable as of June 30, 2022 1,224,500 $ 2.07 $ - 3.8 RSUs Effective January 2, 2022, the Board of Directors of the Company ratified the following arrangements approved by its Compensation Committee: The Board of Directors of the Company ratified grants of RSUs to each independent director. David Garrity, Carol Van Cleef and Charles Lee were each granted 31,848 23,886 75,000 The Company’s executive officers were granted RSUs as part of a long-term incentive plan (“LTI”), with vesting terms set for when the Company’s market capitalization reaches and sustains a market capitalization for 30 consecutive days above four defined market capitalization thresholds of $ 100 150 200 400 Effective February 22, 2022, upon appointment of Manish Paranjape as Chief Technology Officer of the Company, Mr. Paranjape was also granted RSUs as part of the LTI plan, with consistent vesting terms set for when the Company’s market capitalization above the same four defined market capitalization thresholds. The RSUs granted to each executive employee are as follows: Schedule of Restricted Stock Units Market Cap Vesting Thresholds Total Officer Name Title Grant Date RSUs Granted $ 100 million $ 150 million $ 200 million $ 400 million Charles Allen Chief Executive Officer 1/2/2022 694,444 173,611 173,611 173,611 173,611 Michal Handerhan Chief Operations Officer 1/2/2022 444,444 111,111 111,111 111,111 111,111 Michael Prevoznik Chief Financial Officer 1/2/2022 222,224 55,556 55,556 55,556 55,556 Manish Paranjape Chief Technology Officer 2/22/2022 160,184 40,046 40,046 40,046 40,046 1,521,296 380,324 380,324 380,324 380,324 To the extent any market capitalization targets set forth above for Mr. Prevoznik and Mr. Paranjape are achieved, the RSUs will also be subject to the following five-year vesting schedule: 20 % of the LTI RSUs which have met a market capitalization criteria will vest on the one-year anniversary of the grant date, and the remaining 80 % of the LTI RSUs which have met a market capitalization criteria will vest monthly over the four years following the one year anniversary of the grant date. For awards vesting upon the achievement of a service condition, compensation cost measured on the grant date will be recognized on a straight-line basis over the vesting period. Stock-based compensation expense for the market-based restricted stock units with explicit service conditions is recognized on a straight-line basis over the longer of the derived service period or the explicit service period, regardless of whether the market condition is satisfied. However, in the event that the explicit service period is not met, previously recognized compensation cost would be reversed. Market-based restricted stock units subject to market-based performance targets require achievement of the performance target as well as a service condition in order for these RSUs to vest. The Company estimates the fair value of market-based RSUs as of the grant date and expected derived term using a Monte Carlo simulation that incorporates pricing inputs covering the period from the grant date through the end of the derived service period. The following weighted-average assumptions were used to estimate the fair value of options granted during the six months ended June 30, 2022 and 2021 for the Monte-Carlo simulation: Schedule of Weighted-average Assumptions Used to estimate Fair Value Six Months Ended 2022 2021 Vesting Hurdle Price $ 19.39 - Term (years) 5.00 - Expected stock price volatility 103.7 % - Risk-free rate of interest 1.32 % - Expected Volatility Risk-Free Interest Rate Expected Term Vesting Hurdle Price: A summary of the Company’s restricted stock units granted under the 2021 Plan during the six months ended June 30, 2022 are as follows: Summary of Restricted Stock Number of Restricted Stock Units Weighted Average Grant Day Fair Value Nonvested at December 31, 2021 29,363 $ 5.96 Granted 1,662,607 3.29 Vested (47,772 ) 3.14 Forfeited - - Nonvested at June 30, 2022 1,644,198 $ 3.34 Stock Based Compensation Stock-based compensation expense is recorded as a part of selling, general and administrative expenses, compensation expenses and cost of revenues. Stock-based compensation expense for the three and six months ended June 30, 2022 and 2021 was as follows: Schedule of Stock-based Compensation Expense For the Three Months Ended June 30, For the Six Months Ended June 30, 2022 2021 2022 2021 Employee bonus stock awards $ - $ - $ 894,027 $ - Employee stock option awards 12,812 1,620,768 82,446 8,660,328 Employee restricted stock unit awards 405,714 1,375 747,704 1,375 Non-employee restricted stock awards 89,656 100,166 171,737 162,806 Series C-2 Allocation - - - 179,277 Stock-based compensation $ 508,182 $ 1,722,309 $ 1,895,914 $ 9,003,786

Accrued Expenses

Accrued Expenses	6 Months Ended
Accrued Expenses	Jun. 30, 2022
Payables and Accruals [Abstract]
Accrued Expenses	Note 6 – Accrued Expenses Accrued expenses consist of the following: Schedule of Accrued Expenses June 30, 2022 December 31, 2021 Compensation and related expenses $ 140,187 $ 7,334 Accounts Payable 139,280 138,716 Other 3,757 - Accrued Expenses $ 283,224 $ 146,050 Accrued compensation and related expenses include approximately $ 139,000

Employee Benefit Plans

Employee Benefit Plans	6 Months Ended
Employee Benefit Plans	Jun. 30, 2022
Retirement Benefits [Abstract]
Employee Benefit Plans	Note 7 - Employee Benefit Plans The Company maintains defined contribution benefit plans under Section 401(k) of the Internal Revenue Code covering substantially all qualified employees of the Company (the “401(k) Plan”). Under the 401(k) Plan, the Company may make discretionary contributions of up to 100 45,000

Liquidity

Liquidity	6 Months Ended
Liquidity	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Liquidity	Note 8 – Liquidity The Company follows “ Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern As reflected in the financial statements, the Company has historically incurred a net loss and has an accumulated deficit at June 30, 2022, a net loss and net cash used in operating activities for the reporting period then ended. The Company is implementing its business plan and generating revenue; however, the Company’s cash position and liquid Digital Assets are sufficient to support its daily operations over the next twelve months.

Subsequent Events

Subsequent Events	6 Months Ended
Subsequent Events	Jun. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	Note 9 - Subsequent Events The Company evaluates events that have occurred after the balance sheet date but before the financial statements are issued. Based upon the evaluation, the Company did not identify any recognized or non-recognized subsequent events that would have required adjustment or disclosure in the financial statements other than disclosed. During the period from July 1, 2022 to August 8, 2022, the Company sold a total of 261,743 417,000 1.59 402,000

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
Summary of Significant Accounting Policies (Policies)	Jun. 30, 2022
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation The accompanying financial statements have been prepared in accordance with United States generally accepted accounting principles (“GAAP”).
Reclassifications	Reclassifications Certain prior period amounts have been reclassified in order to conform with the current period presentation. These reclassifications have no impact on the Company’s previously reported net income (loss).
Concentration of Cash	Concentration of Cash The Company maintains cash balances at two financial institutions in checking accounts and money market accounts. The Company considers all highly liquid investments with original maturities of six months or less when purchased to be cash and cash equivalents. As of June 30, 2022 and December 31, 2021, the Company had approximately $ 3.2 1.4 Financial instruments that potentially subject the Company to concentration of credit risk consist principally of cash deposits. Accounts at each institution are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $ 250,000 2.7 0.9
Revenue Recognition	Revenue Recognition The Company recognizes revenue under Accounting Standards Codification (“ASC”) 606 , Revenue from Contracts with Customers ● Step 1: Identify the contract with the customer ● Step 2: Identify the performance obligations in the contract ● Step 3: Determine the transaction price ● Step 4: Allocate the transaction price to the performance obligations in the contract ● Step 5: Recognize revenue when the Company satisfies a performance obligation Revenue is recognized when control of the promised goods or services is transferred to the customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. The Company generates revenue through staking rewards. The Company has entered into network-based smart contracts by running its own Digital Asset validating nodes as well as by staking Digital Assets with staking pools on nodes run by third-party operators (either directly or through exchanges). Through these contracts, the Company provides cryptocurrency to stake on a node for the purpose of validating transactions and adding blocks to a respective blockchain network. The term of a smart contract can vary based on the rules of the respective blockchain and typically last a few weeks to months after it is canceled by the operator and requires that the cryptocurrency staked remain locked up during the duration of the smart contract. In exchange for staking the cryptocurrency and validating transactions on blockchain networks, the Company is entitled to all of the fixed cryptocurrency award for running the Company’s own node and is entitled to a fractional share of the fixed cryptocurrency award a third-party staking pool operator receives (less digital asset transaction fees payable to the pool operator or exchanges, which are immaterial and are recorded as a deduction from revenue), for successfully adding a block to the blockchain. The Company’s fractional share of awards received by a third-party staking pool is based on the proportion of cryptocurrency the Company staked to the staking pool node to the total cryptocurrency staked by all pool participants validating blockchain transactions. The provision of validating blockchain transactions is an output of the Company’s ordinary activities. Each separate block creation or validation under a smart contract with a network represents a performance obligation. The transaction consideration the Company receives - the cryptocurrency awards - is a non-cash consideration, which the Company measures at fair value on the date received. The fair value of the cryptocurrency award received is determined using the quoted price of the related cryptocurrency at the time of receipt. The satisfaction of the performance obligation for transaction verification services occurs at a point in time when confirmation is received from the network indicating that the validation is complete, and the awards are available for transfer. At that point, revenue is recognized.
Cost of revenue	Cost of revenue The Company’s cost of revenue consists primarily of direct production costs related to the operations of validating transactions on the network, rent and utilities for locations housing server nodes to the extent applicable, hosting costs if cloud-based servers are utilized and fees (including stock-based fees) paid to 3rd parties to assist in software maintenance and operations of its nodes.
Digital Assets Translations and Remeasurements	Digital Assets Translations and Remeasurements The Company accounts for its Digital Assets as indefinite-lived intangible assets in accordance with ASC 350, Intangibles –Goodwill and Other Digital Assets held are included in the balance sheets as either current assets or other assets if they are staked and locked up for over one year. The Company’s Digital Assets are initially recorded at fair value upon receipt (or “carrying value”). The fair value of Digital Assets is determined using the average U.S. dollar spot price of the related Digital Asset. On a quarterly basis, Digital Assets are measured at carrying value, net of any impairment losses incurred since receipt. The Company will record impairment losses as the fair value falls below the carrying value of the Digital Assets at any time during the period, as determined using the lowest U.S. dollar spot price of the related Digital Asset subsequent to its acquisition. The Digital Assets can only be marked down when impaired and not marked up when their value increases. Such impairment in the value of Digital Assets are recorded as a component of costs and expenses in our statements of operations. The Company recorded impairment losses related to Digital Assets of approximately $ 12.2 3.6 Impairment losses cannot be recovered for any subsequent increase in fair value until the sale or disposal of the asset. Realized gain (loss) on sale of Digital Assets are included in other income (expense) in the statements of operations. The Company recorded realized gains (losses) on Digital Assets of approximately $ 470,000 3.1 The presentation of purchases and sales of Digital Assets on the Statement of Cash Flows is determined by the nature of the Digital Assets, which can be characterized as productive (i.e. purchased for purposes of staking) or non-productive. The purchase of non-productive Digital Assets and currencies are included as an operating activity, whereas the purchase of productive Digital Assets and currencies are included as investing activities in accordance with ASC 230-10-20 Investing activities.
Internally Developed Software	Internally Developed Software Internally developed software consisting of the core technology of the Company’s Digital Asset Platform which is being designed to allow user to aggregate and analyze data from Digital Asset exchanges. For internally developed software, the Company uses both its own employees as well as the services of external vendors and independent contractors. The Company accounts for computer software used in the business in accordance with ASC 985-20 and ASC 350. ASC 985-20, Software-Costs of Computer Software to Be Sold, Leased, or Otherwise Marketed, ASC 350, Intangibles-Goodwill and Other
Property and Equipment	Property and Equipment Property and equipment consists of computer, equipment and office furniture and fixtures, all of which are recorded at cost. Depreciation and amortization is recorded using the straight-line method over the respective useful lives of the assets ranging from three to five years. Long-lived assets are reviewed for impairment whenever events or circumstances indicate that the carrying amount of these assets may not be recoverable.
Use of Estimates	Use of Estimates The accompanying financial statements have been prepared in conformity with U.S. GAAP. This requires management to make estimates and assumptions that affect certain reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the period. The Company’s significant estimates and assumptions include the recoverability and useful lives of indefinite life intangible assets, stock-based compensation, and the valuation allowance related to the Company’s deferred tax assets. Certain of the Company’s estimates, including the carrying amount of the indefinite life intangible assets, could be affected by external conditions, including those unique to the Company and general economic conditions. It is reasonably possible that these external factors could have an effect on the Company’s estimates and could cause actual results to differ from those estimates and assumptions.
Income Taxes	Income Taxes The Company recognizes income taxes on an accrual basis based on tax positions taken or expected to be taken in its tax returns. A tax position is defined as a position in a previously filed tax return or a position expected to be taken in a future tax filing that is reflected in measuring current or deferred income tax assets and liabilities. Tax positions are recognized only when it is more likely than not (i.e., likelihood of greater than 50%), based on technical merits, that the position would be sustained upon examination by taxing authorities. Tax positions that meet the more likely than not threshold are measured using a probability-weighted approach as the largest amount of tax benefit that is greater than 50% likely of being realized upon settlement
Accounting for Warrants	Accounting for Warrants The Company accounts for the issuance of Common Stock purchase warrants issued in connection with the equity offerings in accordance with the provisions of ASC 815, Derivatives and Hedging (“ASC 815”). The Company classifies as equity any contracts that (i) require physical settlement or net-share settlement or (ii) gives the Company a choice of net-cash settlement or settlement in its own shares (physical settlement or net-share settlement). The Company classifies as assets or liabilities any contracts that (i) require net-cash settlement (including a requirement to net-cash settle the contract if an event occurs and if that event is outside the control of the Company) or (ii) gives the counterparty a choice of net-cash settlement or settlement in shares (physical settlement or net-share settlement). In addition, Under ASC 815, registered Common Stock warrants that require the issuance of registered shares upon exercise and do not expressly preclude an implied right to cash settlement are accounted for as derivative liabilities. The Company classifies these derivative warrant liabilities on the balance sheet as a current liability. The Company assessed the classification of Common Stock purchase warrants as of the date of each offering and determined that such instruments originally met the criteria for equity classification; however, as a result of the Company no longer being in control of whether the warrants may be cash settled, the instruments no longer qualify for equity classification. Accordingly, the Company classified the warrants as a liability at their fair value and adjusts the instruments to fair value at each reporting period. This liability is subject to re-measurement at each balance sheet date until the warrants are exercised or expired, and any change in fair value is recognized as “change in the fair value of warrant liabilities” in the statements of operations. The fair value of the warrants has been estimated using a Black-Scholes valuation model (see Note 4).
Stock-based compensation	Stock-based compensation The Company accounts for stock-based compensation in accordance with ASC 718 Compensation - Stock Compensation (“ASC 718”). ASC 718 addresses all forms of share-based payment (“SBP”) awards including shares issued under employee stock purchase plans and stock incentive shares. Under ASC 718 awards result in a cost that is measured at fair value on the awards’ grant date, based on the estimated number of awards that are expected to vest and will result in a charge to operations. Share-based payment awards exchanged for services are accounted for at the fair value of the award on the estimated grant date. Options Stock options issued under the Company’s long-term incentive plans are granted with an exercise price equal to no less than the market price of the Company’s stock at the date of grant and expire up to ten years from the date of grant. These options often vest over a one-year period. The Company estimates the fair value of stock option grants using the Black-Scholes option pricing model and the assumptions used in calculating the fair value of stock-based awards represent management’s best estimates and involve inherent uncertainties and the application of management’s judgment. Restricted Stock Units (RSUs) For awards vesting upon the achievement of a service condition, compensation cost measured on the grant date will be recognized on a straight-line basis over the vesting period. Stock-based compensation expense for the market-based restricted stock units with explicit service conditions is recognized on a straight-line basis over the longer of the derived service period or the explicit service period, regardless of whether the market condition is satisfied. However, in the event that the explicit service period is not met, previously recognized compensation cost would be reversed. Market-based restricted stock units subject to market-based performance targets require achievement of the performance target as well as a service condition in order for these RSUs to vest. The Company estimates the fair value of market-based RSUs as of the grant date and expected derived term using a Monte Carlo simulation that incorporates pricing inputs covering the period from the grant date through the end of the derived service period. Dividends On January 5, 2022, the board of directors of the Company declared a non-recurring special dividend of $ 0.05 635,000 0
Advertising Expense	Advertising Expense Advertisement costs are expensed as incurred and included in marketing expenses. Advertising and marketing expenses amounted to approximately $ 65,000 3,000
Net Loss per Share	Net Loss per Share Basic loss per share is computed by dividing the net income or loss applicable to common shares by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed using the weighted average number of common shares and, if dilutive, potential common shares outstanding during the period. Potential common shares consist of the Company’s convertible preferred stock, convertible notes, restricted stock units, options and warrants. Diluted loss per share excludes the shares issuable upon the conversion of preferred stock, notes and warrants from the calculation of net loss per share if their effect would be anti-dilutive. The following financial instruments were not included in the diluted loss per share calculation as of June 30, 2022 and 2021 because their effect was anti-dilutive: Schedule of Earnings Per Share Anti-diluted As of June 30, 2022 2021 Warrants to purchase common stock 945,837 962,794 Series C-1 Convertible Preferred stock - 4,011,765 Convertible notes - 239,264 Options 1,235,000 - Non-vested restricted stock awards units 1,644,198 - Total 3,825,035 5,213,823
Recent Accounting Pronouncements	Recent Accounting Pronouncements In December 2019, the FASB issued ASU No. 2019-12, “Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (“ASU 2019-12”), which is intended to simplify various aspects related to accounting for income taxes. ASU 2019-12 removes certain exceptions to the general principles in Topic 740 and also clarifies and amends existing guidance to improve consistent application. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020, with early adoption permitted. The Company adopted ASU No. 2019-12 effective January 1, 2021, and the adoption did not have a material impact on its financial statements and related disclosures. In August 2020, the FASB issued ASU No. 2020-06, Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity Other recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company’s present or future financial statements.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended
Summary of Significant Accounting Policies (Tables)	Jun. 30, 2022
Accounting Policies [Abstract]
Schedule of Earnings Per Share Anti-diluted	The following financial instruments were not included in the diluted loss per share calculation as of June 30, 2022 and 2021 because their effect was anti-dilutive: Schedule of Earnings Per Share Anti-diluted As of June 30, 2022 2021 Warrants to purchase common stock 945,837 962,794 Series C-1 Convertible Preferred stock - 4,011,765 Convertible notes - 239,264 Options 1,235,000 - Non-vested restricted stock awards units 1,644,198 - Total 3,825,035 5,213,823

Fair Value of Financial Asset_2

Fair Value of Financial Assets and Liabilities (Tables)	6 Months Ended
Fair Value of Financial Assets and Liabilities (Tables)	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Schedule of Fair Value of Assets and Liabilities Valued on Recurring Basis	The following table presents the Company’s assets and liabilities that are measured at fair value at June 30, 2022 and December 31, 2021: Schedule of Fair Value of Assets and Liabilities Valued on Recurring Basis Fair value measured at June 30, 2022 Total at Quoted prices in active markets Significant other observable inputs Significant unobservable inputs 2022 (Level 1) (Level 2) (Level 3) Liabilities Warrant Liabilities $ 783,750 $  - $  - $ 783,750 Fair value measured at December 31, 2021 Total at December 31, Quoted prices in active markets Significant other Significant unobservable inputs 2021 (Level 1) (Level 2) (Level 3) Liabilities Warrant Liabilities $ 1,852,500 $   - $   - $  1,852,500
Summary of Valuation Methodology and Significant Unobservable Inputs Warrant Liabilities	A summary of quantitative information with respect to the valuation methodology and significant unobservable inputs used for the Company’s warrant liabilities that are categorized within Level 3 of the fair value hierarchy at the date of issuance and, as of June 30, 2022 and December 31, 2021, is as follows: Summary of Valuation Methodology and Significant Unobservable Inputs Warrant Liabilities June 30, 2022 December 31, 2021 Risk-free rate of interest 3.01 % 1.26 % Expected volatility 165.8 % 162.5 % Expected life (in years) 3.68 4.18 Expected dividend yield - -
Schedule of Changes in Fair Value and Other Adjustments of Warrants	The following table sets forth a summary of the changes in the fair value of the Company’s Level 3 financial liabilities for the six months ended June 30, 2022 and 2021, that are measured at fair value on a recurring basis: Schedule of Changes in Fair Value and Other Adjustments of Warrants Fair Value of Level 3 financial liabilities June 30, June 30, 2022 2021 Beginning balance $ 1,852,500 $ - Warrant liabilities classification - - Fair value adjustment of warrant liabilities (1,068,750 ) - Ending balance $ 783,750 $ -

Stockholders_ Equity (Tables)

Stockholders’ Equity (Tables)	6 Months Ended
Stockholders’ Equity (Tables)	Jun. 30, 2022
Equity [Abstract]
Summary of Option Activity	A summary of option activity under the Company’s stock option plan for six months ended June 30, 2022 is presented below: Summary of Option Activity Number of Shares Weighted Average Exercise Price Total Intrinsic Value Weighted Average Remaining Contractual Life Outstanding as of December 31, 2021 1,235,000 $ 2.14 $ 1,488,000 4.3 Employee options granted - - - - Outstanding as of June 30, 2022 1,235,000 $ 2.14 $ - 3.8 Options vested and exercisable as of June 30, 2022 1,224,500 $ 2.07 $ - 3.8
Schedule of Restricted Stock Units	The RSUs granted to each executive employee are as follows: Schedule of Restricted Stock Units Market Cap Vesting Thresholds Total Officer Name Title Grant Date RSUs Granted $ 100 million $ 150 million $ 200 million $ 400 million Charles Allen Chief Executive Officer 1/2/2022 694,444 173,611 173,611 173,611 173,611 Michal Handerhan Chief Operations Officer 1/2/2022 444,444 111,111 111,111 111,111 111,111 Michael Prevoznik Chief Financial Officer 1/2/2022 222,224 55,556 55,556 55,556 55,556 Manish Paranjape Chief Technology Officer 2/22/2022 160,184 40,046 40,046 40,046 40,046 1,521,296 380,324 380,324 380,324 380,324
Schedule of Weighted-average Assumptions Used to estimate Fair Value	The following weighted-average assumptions were used to estimate the fair value of options granted during the six months ended June 30, 2022 and 2021 for the Monte-Carlo simulation: Schedule of Weighted-average Assumptions Used to estimate Fair Value Six Months Ended 2022 2021 Vesting Hurdle Price $ 19.39 - Term (years) 5.00 - Expected stock price volatility 103.7 % - Risk-free rate of interest 1.32 % -
Summary of Restricted Stock	A summary of the Company’s restricted stock units granted under the 2021 Plan during the six months ended June 30, 2022 are as follows: Summary of Restricted Stock Number of Restricted Stock Units Weighted Average Grant Day Fair Value Nonvested at December 31, 2021 29,363 $ 5.96 Granted 1,662,607 3.29 Vested (47,772 ) 3.14 Forfeited - - Nonvested at June 30, 2022 1,644,198 $ 3.34
Schedule of Stock-based Compensation Expense	Stock-based compensation expense is recorded as a part of selling, general and administrative expenses, compensation expenses and cost of revenues. Stock-based compensation expense for the three and six months ended June 30, 2022 and 2021 was as follows: Schedule of Stock-based Compensation Expense For the Three Months Ended June 30, For the Six Months Ended June 30, 2022 2021 2022 2021 Employee bonus stock awards $ - $ - $ 894,027 $ - Employee stock option awards 12,812 1,620,768 82,446 8,660,328 Employee restricted stock unit awards 405,714 1,375 747,704 1,375 Non-employee restricted stock awards 89,656 100,166 171,737 162,806 Series C-2 Allocation - - - 179,277 Stock-based compensation $ 508,182 $ 1,722,309 $ 1,895,914 $ 9,003,786

Accrued Expenses (Tables)

Accrued Expenses (Tables)	6 Months Ended
Accrued Expenses (Tables)	Jun. 30, 2022
Payables and Accruals [Abstract]
Schedule of Accrued Expenses	Accrued expenses consist of the following: Schedule of Accrued Expenses June 30, 2022 December 31, 2021 Compensation and related expenses $ 140,187 $ 7,334 Accounts Payable 139,280 138,716 Other 3,757 - Accrued Expenses $ 283,224 $ 146,050

Business Organization and Nat_2

Business Organization and Nature of Operations (Details Narrative) - shares	Jun. 30, 2022	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Common stock shares authorized	97,500,000	97,500,000

Schedule of Earnings Per Share

Schedule of Earnings Per Share Anti-diluted (Details) - shares	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	3,825,035	5,213,823
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	945,837	962,794
Series C-1 Convertible Preferred Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total		4,011,765
Convertible Debt Securities [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total		239,264
Share-Based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	1,235,000
Non Vested Restricted Stock Awards Units [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	1,644,198

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jan. 05, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Cash and cash equivalents	$ 3,191,418			$ 1,400,867
Cash, FDIC insured amount	2,700,000			$ 900,000
Impairment losses	12,200,000	$ 3,600,000
Realized investment gains losses	$ 470,000	3,100,000
Income tax likelihood percentage description	Tax positions are recognized only when it is more likely than not (i.e., likelihood of greater than 50%), based on technical merits, that the position would be sustained upon examination by taxing authorities. Tax positions that meet the more likely than not threshold are measured using a probability-weighted approach as the largest amount of tax benefit that is greater than 50% likely of being realized upon settlement
Dividends payable amount per share			$ 0.05
Payments of dividends	$ 635,000	0
Advertising expenses	65,000	$ 3,000
Maximum [Member]
Property, Plant and Equipment [Line Items]
Cash, FDIC insured amount	$ 250,000

Schedule of Fair Value of Asset

Schedule of Fair Value of Assets and Liabilities Valued on Recurring Basis (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrant liabilities	$ 783,750	$ 1,852,500
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrant liabilities	$ 783,750	$ 1,852,500

Summary of Valuation Methodolog

Summary of Valuation Methodology and Significant Unobservable Inputs Warrant Liabilities (Details)	6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Risk-free rate of interest	1.32%
Expected volatility	103.70%
Expected life (in years)	5 years
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Risk-free rate of interest	3.01%		1.26%
Expected volatility	165.80%		162.50%
Expected life (in years)	3 years 8 months 4 days		4 years 2 months 4 days
Expected dividend yield

Schedule of Changes in Fair Val

Schedule of Changes in Fair Value and Other Adjustments of Warrants (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Fair Value Disclosures [Abstract]
Warrant liabilities, beginning balance			$ 1,852,500
Warrant liabilities classification
Fair value adjustment of warrant liabilities	$ (1,710,000)		(1,068,750)
Warrant liabilities, ending balance	$ 783,750		$ 783,750

Fair Value of Financial Asset_3

Fair Value of Financial Assets and Liabilities (Details Narrative) - USD ($) $ in Millions	Aug. 25, 2021	Mar. 02, 2021
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Shares of common stock	14,500
Securities Purchase Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Shares of common stock		950,000
Common stock warrants		712,500
Proceeds from issuance of private placement		$ 9.5

Summary of Option Activity (Det

Summary of Option Activity (Details)	6 Months Ended
Summary of Option Activity (Details)	Jun. 30, 2022 USD ($) $ / shares shares
Equity [Abstract]
Number of shares outstanding, beginning balance \| shares	1,235,000
Weighted average exercise price, beginning balance	$ 2.14
Total Intrinsic value, beginning balance \| $	$ 1,488,000
Weighted average remaining contractual life (in years), beginning balance	4 years 3 months 18 days
Number of shares outstanding, Employee options granted \| shares
Weighted average exercise price, employee options granted
Total intrinsic value, employee options granted
Number of shares outstanding, ending balance \| shares	1,235,000
Weighted average exercise price, ending balance	$ 2.14
Total Intrinsic value, ending balance \| $
Weighted average remaining contractual life (in years), ending balance	3 years 9 months 18 days
Number of shares outstanding, options vested and exercisable \| shares	1,224,500
Weighted average exercise price, options vested and exercisable	$ 2.07
Total intrinsic value, options vested and exercisable \| $
Weighted average remaining contractual life (in years), options vested and exercisable	3 years 9 months 18 days

Schedule of Restricted Stock Un

Schedule of Restricted Stock Units (Details)	Feb. 22, 2022 shares
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted stock units granted and vested, shares	1,521,296
Market Cap Vesting Thresholds $100 Million [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted stock units granted and vested, shares	380,324
Market Cap Vesting Thresholds $150 Million [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted stock units granted and vested, shares	380,324
Market Cap Vesting Thresholds $200 Million [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted stock units granted and vested, shares	380,324
Market Cap Vesting Thresholds $400 Million [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted stock units granted and vested, shares	380,324
Chief Executive Officer [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Officer Name	Charles Allen
Stock issued during period restricted stock award grant date	Jan. 02, 2022
Number of restricted stock units granted and vested, shares	694,444
Chief Executive Officer [Member] \| Market Cap Vesting Thresholds $100 Million [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted stock units granted and vested, shares	173,611
Chief Executive Officer [Member] \| Market Cap Vesting Thresholds $150 Million [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted stock units granted and vested, shares	173,611
Chief Executive Officer [Member] \| Market Cap Vesting Thresholds $200 Million [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted stock units granted and vested, shares	173,611
Chief Executive Officer [Member] \| Market Cap Vesting Thresholds $400 Million [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted stock units granted and vested, shares	173,611
Chief Operating Officer [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Officer Name	Michal Handerhan
Stock issued during period restricted stock award grant date	Jan. 02, 2022
Number of restricted stock units granted and vested, shares	444,444
Chief Operating Officer [Member] \| Market Cap Vesting Thresholds $100 Million [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted stock units granted and vested, shares	111,111
Chief Operating Officer [Member] \| Market Cap Vesting Thresholds $150 Million [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted stock units granted and vested, shares	111,111
Chief Operating Officer [Member] \| Market Cap Vesting Thresholds $200 Million [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted stock units granted and vested, shares	111,111
Chief Operating Officer [Member] \| Market Cap Vesting Thresholds $400 Million [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted stock units granted and vested, shares	111,111
Chief Financial Officer [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Officer Name	Michael Prevoznik
Stock issued during period restricted stock award grant date	Jan. 02, 2022
Number of restricted stock units granted and vested, shares	222,224
Chief Financial Officer [Member] \| Market Cap Vesting Thresholds $100 Million [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted stock units granted and vested, shares	55,556
Chief Financial Officer [Member] \| Market Cap Vesting Thresholds $150 Million [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted stock units granted and vested, shares	55,556
Chief Financial Officer [Member] \| Market Cap Vesting Thresholds $200 Million [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted stock units granted and vested, shares	55,556
Chief Financial Officer [Member] \| Market Cap Vesting Thresholds $400 Million [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted stock units granted and vested, shares	55,556
Chief Technology Officer [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Officer Name	Manish Paranjape
Stock issued during period restricted stock award grant date	Feb. 22, 2022
Number of restricted stock units granted and vested, shares	160,184
Chief Technology Officer [Member] \| Market Cap Vesting Thresholds $100 Million [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted stock units granted and vested, shares	40,046
Chief Technology Officer [Member] \| Market Cap Vesting Thresholds $150 Million [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted stock units granted and vested, shares	40,046
Chief Technology Officer [Member] \| Market Cap Vesting Thresholds $200 Million [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted stock units granted and vested, shares	40,046
Chief Technology Officer [Member] \| Market Cap Vesting Thresholds $400 Million [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted stock units granted and vested, shares	40,046

Schedule of Weighted-average As

Schedule of Weighted-average Assumptions Used to estimate Fair Value (Details) - $ / shares	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Equity [Abstract]
Exercise price	$ 19.39
Term (years)	5 years
Expected stock price volatility	103.70%
Risk-free rate of interest	1.32%

Summary of Restricted Stock (De

Summary of Restricted Stock (Details)	6 Months Ended
Summary of Restricted Stock (Details)	Jun. 30, 2022 $ / shares shares
Equity [Abstract]
Number of restricted stock units nonvested, beginning balance \| shares	29,363
Weighted average grant day fair value nonvested, beginning balance \| $ / shares	$ 5.96
Number of restricted stock units, granted \| shares	1,662,607
Weighted average grant day fair value, granted \| $ / shares	$ 3.29
Number of restricted stock units, vested \| shares	(47,772)
Weighted average grant day fair value, vested \| $ / shares	$ 3.14
Number of restricted stock units, forfeited \| shares
Weighted average grant day fair value, forfeited \| $ / shares
Number of restricted stock units nonvested, ending balance \| shares	1,644,198
weighted average grant day fair value nonvested, ending balance \| $ / shares	$ 3.34

Schedule of Stock-based Compens

Schedule of Stock-based Compensation Expense (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation	$ 508,182	$ 1,722,309	$ 1,895,914	$ 9,003,786
Employee Bonus Stock Awards [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation			894,027
Share-Based Payment Arrangement, Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation	12,812	1,620,768	82,446	8,660,328
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation	405,714	1,375	747,704	1,375
Non Employee Restricted Stock Awards [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation	89,656	100,166	171,737	162,806
Series C Two Allocation [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation				$ 179,277

Stockholders_ Equity (Details N

Stockholders’ Equity (Details Narrative) - USD ($)

3 Months Ended

6 Months Ended

Feb. 22, 2022

Jan. 02, 2022

Sep. 14, 2021

Aug. 25, 2021

Jan. 02, 2021

Jun. 30, 2022

Mar. 31, 2022

Jun. 30, 2021

Jun. 30, 2022

Jun. 30, 2021

Jun. 13, 2022

Dec. 31, 2021

Mar. 31, 2021

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Stock issued during period, shares, new issues

14,500

Reverse stock split

1-for-10 Reverse Split

Exercise price

$ 2.14

Stock option vested

480,000

Vesting date

Jan. 01, 2022

Number of stock options awarded

$ 493,528

$ 1,686,960

$ 1,782,802

$ 9,226,227

Number of restricted stock units, vested

47,772

Capital shares payable

$ 75,000

Restricted Stock Units (RSUs) [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Number of restricted stock units, vested

23,886

Restricted Stock Units (RSUs) [Member] | Chief Executive Officer [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Number of stock options awarded

$ 31,848

Restricted Stock Units (RSUs) [Member] | Chief Technology Officer [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage

20%

Restricted Stock Units (RSUs) One [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Market cap vesting thresholds, value

$ 100,000,000

Restricted Stock Units (RSUs) Two [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Market cap vesting thresholds, value

150,000,000

Restricted Stock Units (RSUs) Three [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Market cap vesting thresholds, value

200,000,000

Restricted Stock Units (RSUs) Four [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Market cap vesting thresholds, value

$ 400,000,000

Restricted Stock Units [Member] | Chief Technology Officer [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage

80%

2021 Equity Incentive Plan [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Common stock, capital shares reserved for future issuance

7,000,000

2,000,000

Stock options granted

1,200,000

Exercise price

$ 1.90

At-the-Market Offering Agreement [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Sale of stock, number of shares issued in transaction

1,830,588

Gross proceeds from issuance of common stock

$ 10,944,000

Shares issued, price per share

$ 5.98

Proceeds from issuance initial public offering, net

$ 10,604,000

At-the-Market Offering Agreement [Member] | H.C. Wainwright and Co., LLC [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Sale of stock, consideration received on transaction

$ 98,767,500

Percentage of gross proceeds of offerings

Schedule of Accrued Expenses (D

Schedule of Accrued Expenses (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Payables and Accruals [Abstract]
Compensation and related expenses	$ 140,187	$ 7,334
Accounts Payable	139,280	138,716
Other	3,757
Accrued Expenses	$ 283,224	$ 146,050

Accrued Expenses (Details Narra

Accrued Expenses (Details Narrative)	Jun. 30, 2022 USD ($)
Payables and Accruals [Abstract]
Accrued bonuses current and non current	$ 139,000

Employee Benefit Plans (Details

Employee Benefit Plans (Details Narrative)	6 Months Ended
Employee Benefit Plans (Details Narrative)	Jun. 30, 2022 USD ($)
Retirement Benefits [Abstract]
Percentage of defined comtribution plan employee	100%
Defined contribution plan employee	$ 45,000

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - USD ($)	6 Months Ended		7 Months Ended
Subsequent Events (Details Narrative) - USD ($)	Jun. 30, 2022	Jun. 30, 2021	Aug. 08, 2022
Subsequent Event [Line Items]
Gross proceeds from issuance of common stock		$ 2,814,133
Subsequent Event [Member] \| A T M Agreement [Member]
Subsequent Event [Line Items]
Number of shares sold			261,743
Gross proceeds from issuance of common stock			$ 417,000
Selling price			$ 1.59
Net proceed from sales of equity			$ 402,000