|
FY2025
12 months to Dec 31, 2025
|
FY2024
8 months to Dec 31, 2024
|
|
|---|---|---|
| Cash flows from operating activities: | ||
| Net (loss) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | ||
| Amortization of operating lease right-of-use assets | ||
| Employee stock compensation | ||
| Stock compensation issued for advisory service | ||
| Impairment loss on intangible assets | ||
| Deferred tax liabilities | ||
| Change in fair value of warrants | ||
| Change in fair value of crypto assets | ||
| Change in fair value of convertible debt | ||
| Stock issued for waiving contractual restriction | ||
| Staking rewards | ||
| Changes in operating assets and liabilities: | ||
| Due from related parties | ||
| Prepayments and other current assets | ||
| Deposit | ||
| Accounts payable | ||
| Interest payable | ||
| Deferred revenues | ||
| Operating lease liabilities | ||
| Due to related parties | ||
| Accrued liabilities and other payables | ||
| Net cash (used in) operating activities | ||
| Cash flows from investing activities: | ||
| Purchases of property and equipment | ||
| Purchases of crypto assets | ||
| Purchases of intangible assets | ||
| Net cash (used in) investing activities | ||
| Cash flows from financing activities: | ||
| Capital contribution from stockholders | ||
| Class B common stock subscription | ||
| Proceeds from convertible notes payable | ||
| Capital contribution from private placement | ||
| Proceeds from the reverse recapitalization | ||
| Repayment of promissory notes to related party | ||
| Proceeds from promissory notes related party | ||
| Net cash provided by financing activities | ||
| Net (decrease) increase in cash | ||
| Cash, beginning of period | ||
| Cash, end of period | ||
| Supplemental disclosure of cash flow information: | ||
| Cash paid during the period for: | ||
| Interest | ||
| Income taxes | ||
| Noncash activities: | ||
| Issurance of common stock and warrants for intangible assets acquisition | ||
| Purchase of crypto assets through covertible debt | ||
| Common stock issued for liability payment | ||
| Conversion of convertible debt and interest payable | ||
| Conversion of convertible debt to common stock and Series C preferred Stock | ||
| Conversion of preferred stock to common stock |
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