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FY2025
6 months to Dec 31, 2025
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|
|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | |
| Net loss | |
| Adjustments to reconcile net loss to net cash used in operations: | |
| Change in fair value of digital assets | |
| Change in fair value of derivative securities liability | |
| Change in fair value of conversion feature -preferred units | |
| Change in fair value of convertible note conversion feature | |
| Realized loss on sale of digital assets | |
| Stock based compensation | |
| Depreciation | |
| Amortization of discount and debt issuance costs on Convertible Notes | |
| Changes in operating assets and liabilities: | |
| Accounts receivable | |
| Prepaid expenses | |
| Other current assets | |
| Accounts payable and accrued expenses | |
| Deferred revenue | |
| Due to related party | |
| CASH USED IN OPERATING ACTIVITIES | |
| CASH FLOWS FROM INVESTING ACTIVITIES | |
| Purchase of digital assets | |
| Proceeds from sale of digital assets | |
| Purchase of fixed assets | |
| CASH USED IN INVESTING ACTIVITIES | |
| CASH FLOWS FROM FINANCING ACTIVITIES | |
| Proceeds from promissory note, related party | |
| Payments of promissory note, related party | |
| Proceeds from Convertible Notes, net of debt discount | |
| Payment of debt issuance costs | |
| Proceeds from derivative securities | |
| Proceeds from reverse recapitalization, net | |
| Purchase of treasury stock | |
| Proceeds from sale of preferred units, net | |
| Proceeds from sale of preferred units by related party | |
| CASH PROVIDED BY FINANCING ACTIVITIES | |
| NET CHANGE IN CASH AND RESTRICTED CASH | |
| Total cash, cash equivalents, and restricted cash | |
| Cash | |
| Cash equivalents | |
| Restricted cash | |
| Supplemental disclosure of non-cash activities: | |
| Conversion of due to related party to a promissory note, related party | |
| Initial recognition of conversion feature liability - convertible notes | |
| Conversion of preferred units to common stock | |
| Issuance of common units pursuant to the Investment Consulting and Marketing Services Agreement, as recasted |
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