v3.25.3
Condensed Consolidated Statements of Cash Flows
(unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Condensed Cash Flow Statements, Captions [Line Items]    
Net Income / (Loss) $ 185,935,769 $ 5,426,409
Adjustments to Reconcile Net Income / (Loss) to Net Cash Used in Operating Activities:    
Depreciation Expense 832,476 984,329
Amortization of operating lease right-of-use assets 304,217 365,088
Loss on disposal of property and equipment 481,008 37,154
Non-cash Warrant Issued 1,133,663 0
Change in Fair Value of Intangible Digital Assets (245,841,410) 0
Gain on Investment 0 (3,421,222)
Change in Fair Value of Convertible Notes 0 (8,324,198)
Change in Fair Value of Warrant Liabilities 0 (1,734,308)
Change in Fair Value of Contingency Liabilities 62,424 (457,127)
Non-cash Interest Expense (905,048) 312,571
Non-cash Shares in lieu of Services 125,000 0
Non-cash Share-based Compensation 3,050,662 0
Non-cash Deferred Income Tax Expense 49,426,794 0
Changes in Operating Assets and Liabilities:    
Accounts Receivable 436,115 421,444
Inventory 191,297 286,343
Other Current Assets 379,038 (36,518)
Other Long Term Assets 13,701 0
Accounts Payable (1,910,982) 473,729
Intangible Digital Assets (986,680) 0
Other Current Liabilities (28,878) (134,204)
Operating Lease Liabilities (331,571) (427,373)
Other Long-Term Liabilities (189,500) 0
Net Cash Used in Operating Activities (7,821,905) (6,227,883)
Cash Flow from Investing Activities    
Purchase of Intangible Digital Assets (21,000,000) 0
Proceeds from Purchase of Thinking Tree Spirits 0 5,090
Purchase of Property and Equipment (74,754) (32,125)
Proceeds from Sale of Asset 127,741 0
Net Cash Provided by / (Used in) Investing Activities (20,947,013) (27,035)
Cash Flow from Financing Activities    
Proceeds from PIPE Sale of Prepaid Warrants,net 30,076,795 0
Proceeds from Notes Payable (including factoring agreements) 0 694,914
Proceeds from Whiskey Notes (including proceeds from related party Whiskey Notes of $0 and $1,100,000 for the nine months ended September 30, 2025 and 2024, respectively) 0 3,655,870
Repayment of Notes Payable (7,820,765) (139,255)
Common Stock Shares Repurchased 0 (3,690)
Proceeds from ELOC Sales of Common Stock 4,817,235 0
Proceeds from Warrants Exercised 355 0
Deferred Transaction Costs associated with S-1 Filing 0 (22,954)
Net Cash Provided by / (Used in) Financing Activities 29,990,430 6,209,885
Net Increase / (Decrease) in Cash 1,221,512 (45,033)
Cash – Beginning of Period 453,162 76,878
Cash – End of Period 1,674,674 31,845
Cash Paid during the Period for:    
Interest Expense 911,240 1,584,729
Income Tax Expense 3,122 9,150
Supplemental Schedule of Non-cash Investing and Financing Activities:    
Purchase of $IP Tokens with USDC 59,000,184 0
Sale of Prepaid Warrants for $IP Tokens and USDC in PIPE Offering 188,357,783 0
Series A Preferred Stock and Warrants Issued in Exchange for Barrels and Inventory 0 1,265,600
Series A Preferred Stock and Warrants Issued in Exchange for factoring agreement notes payable including interest 0 719,919
Issued Warrants for Debt Settlements 4,097,287 0
RSUs Vested 275 0
Right-of-use Assets Obtained in Exchange for New Operating Lease Liabilities (201,133) 152,821
Unpaid Property and Equipment Additions 0 43,081
Deferred Transaction Costs Associated with S-1 Filing in Accounts Payable and Other Current Liabilities 0 290,204
Series B Preferred Stock Issued in Exchange for Series A Preferred Stock    
Supplemental Schedule of Non-cash Investing and Financing Activities:    
Conversion of stock, amount issued 4,092,567 0
Series B Preferred Stock Issued in Exchange for Prepaid Warrants    
Supplemental Schedule of Non-cash Investing and Financing Activities:    
Conversion of stock, amount issued 559,180 0
Exercise of Prepaid Warrants to Purchase Common Stock    
Supplemental Schedule of Non-cash Investing and Financing Activities:    
Warrant exercised to purchase stock 11 0
Exercise of Common Warrants to Purchase Common Stock    
Supplemental Schedule of Non-cash Investing and Financing Activities:    
Warrant exercised to purchase stock 7 0
Exchange of Prepaid Warrants to Purchase Common Stock for Series B Preferred Stock    
Supplemental Schedule of Non-cash Investing and Financing Activities:    
Warrant exercised to purchase stock 4 0
Exchange of Series A Preferred Stock and Related Warrants for Series B Preferred Stock    
Supplemental Schedule of Non-cash Investing and Financing Activities:    
Warrant exercised to purchase stock 42 0
Preferred Stock (Series A)    
Cash Flow from Financing Activities    
Proceeds from Private Placement of Series A and Series B Preferred Stock (and warrants) 0 2,025,000
Preferred Stock (Series B)    
Cash Flow from Financing Activities    
Proceeds from Private Placement of Series A and Series B Preferred Stock (and warrants) $ 2,916,810 $ 0

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