|
FY2025
12 months to Dec 31, 2025
|
FY2024
12 months to Dec 31, 2024
|
|
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net (loss) income | ||
| Adjustments to reconcile net (loss) income to net cash used in operating activities, net of assets acquired | ||
| Depreciation and amortization | ||
| Deferred Income Tax Expense (Benefit) | ||
| Impairment of other assets | ||
| Loss (gain) on digital assets, net | ||
| Gain on sale of future token interests | ||
| Staking and other income | ||
| Other loss, net | ||
| Share-based compensation | ||
| Noncash equity-based compensation - warrants | ||
| Accrued interest income | ||
| Other operating activities settled in digital assets and USDC | ||
| Change in operating assets and liabilities: | ||
| Accounts receivable | ||
| Prepaid expenses | ||
| Other current assets | ||
| Other long-term asset | ||
| Accounts payable | ||
| Accrued liabilities | ||
| Income tax payable | ||
| Other current liabilities | ||
| Other long-term liabilities | ||
| Net cash used in operating activities | ||
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Investment in SAFE notes | ||
| Purchase of equity security | ||
| Purchases of long-lived assets | ||
| Proceeds from sale of future token interests | ||
| Purchases of fixed assets | ||
| Purchases of treasury bills | ||
| Redemption of treasury bills | ||
| Purchases of digital assets | ||
| Disposal of digital assets held | ||
| Issuance of loan receivables | ||
| Other investing activities | ||
| Net cash provided by investing activities | ||
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Borrowing on term loan | ||
| Payments on term loan | ||
| Repurchase of shares to pay employee withholding taxes | ||
| Exercise of stock options | ||
| Net cash used in financing activities | ||
| Change in cash and cash equivalents, and restricted cash and cash equivalents | ||
| Change in cash and cash equivalents | ||
| Cash and cash equivalents, beginning of period | ||
| Cash and cash equivalents, end of period | ||
| SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||
| Non-cash issuance of stock | ||
| Non-cash purchase of fixed assets | ||
| Non-cash option exercises | ||
| Non-cash capitalized software costs settled in digital assets and stock (including share-based compensation of $726 and $561 respectively) | ||
| Non-cash capitalized interest on notes receivable | ||
| Long-lived assets acquired through equity issuance | ||
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||
| Cash paid for income taxes | ||
| Cash paid for interest on debt |
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