v3.26.1
DIGITAL ASSETS
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
DIGITAL ASSETS

NOTE 6. DIGITAL ASSETS

 

The Company holds various cryptocurrencies as part of its digital asset treasury strategy. The cost basis of these digital assets sold or otherwise disposed of is determined using the first-in, first-out (FIFO) method, whereby the cost of the earliest acquired digital asset is used to calculate realized gains and losses upon disposal.

 

Digital assets consisted of the following at December 31, 2025:

 

   December 31, 2025 
Digital assets held:  Units   Cost Basis   Fair Value 
$Fluid   195,969   $1,150,000   $510,695 
$Injective   130,201    1,450,000    544,111 
$ChainLink   58,916    1,250,000    717,602 
$AAVE   1,207    250,000    176,591 
Total   386,293   $4,100,000   $1,948,999 

 

 

The following table presents a reconciliation of the Company’s Digital Asset activity for the year ended December 31, 2025:

 

   As of December 31, 2025 
Beginning balance at January 1, 2025  $— 
Purchase of $Fluid, at cost   1,150,000 
Purchase of $Injective, at cost   1,450,000 
Purchase of $ChainLink, at cost   1,250,000 
Purchase of $AAVE, at cost   250,000 
Unrealized losses from changes in fair value   (2,151,001)
Ending balance at December 31, 2025  $1,948,999 

 

Unrealized gains and losses from changes in fair value are recorded in Other Income (Expenses) in the consolidated statement of operations.