|
FY2025
12 months to Dec 31, 2025
|
|
|---|---|
| Operating activities: | |
| Net loss | |
| Adjustments to reconcile net loss to net cash provided by operating activities: | |
| Offering costs | |
| Provision for certificate reserves | |
| Related Party | |
| Nonrelated Party | |
| Total provision for certificate reserves | |
| Operating expenses paid by Parent | |
| Net change in assets and liabilities: | |
| Interest receivable | |
| Receivable from related party | |
| Prepaid expenses | |
| Accounts payable | |
| Accrued expenses | |
| Other payable | |
| Payable to officers and directors | |
| Accrued offering costs | |
| Net cash provided by operating activities | |
| Financing activities: | |
| Issuance of certificates to related parties and third parties | |
| Related Party | |
| Nonrelated Party | |
| Surrender of certificates to related parties and third parties | |
| Related Party | |
| Nonrelated Party | |
| Direct capital contribution from Parent | |
| Net cash provided by financing activities | |
| Net increase in cash and cash equivalents | |
| Cash and cash equivalents, beginning of period | |
| Cash and cash equivalents, end of period | |
| Supplemental disclosures of non-cash financing activities: | |
| Indirect contributions for operating expenses paid by the Parent on behalf of the Company | |
| Related Party | |
| Total indirect contributions for operating expenses paid by the Parent on behalf of the Company | |
| Indirect contributions for payments by Parent to vendors for deferred offering costs | |
| Issuance of certificates for re-invested interest to related parties | |
| Related Party | |
| Nonrelated Party | |
| In-kind contributions of digital assets from Parent | |
| Certificate transfers from related party to third party | |
| Certificate transfers from third party to related party | |
| Deferred offering costs included in accrued offering costs |
Loading...
