SUBSEQUENT EVENTS	3 Months Ended
Jun. 30, 2026
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	15.SUBSEQUENT EVENTS The Company has evaluated subsequent events through the date these condensed consolidated financial statements were issued. On July 10, 2026, the Company filed a registration statement on Form S-1 with the Securities and Exchange Commission registering the resale by SJC of shares of the Company’s common stock issuable upon conversion of the 2026 Notes. The filing of the registration statement obligated SJC to purchase the second tranche of convertible notes, in the principal amount of $530,000 for a purchase price of $500,000. Purchases of the remaining tranches are subject to the effectiveness of the registration statement. During July 2026, Universal DeFi entered into three separate participation agreements with Ault Lending. Under each agreement, Universal DeFi acquired a participation interest in a separate investment made by Ault Lending in the equity or equity-linked securities (the “Participation Securities”) of certain companies (a “Target Company”), entitling the Company to receive its respective participation percentage of the net amounts realized by Ault Lending from its ownership or disposition of the Participation Securities, after deducting related expenses and excluding any origination fee. The participation interests range from 1.7% to 5.0% and represent an aggregate commitment of approximately $1,466,667, of which $650,000 was paid during July 2026 and approximately $816,667 remains payable in additional tranches, each due within one business day after Ault Lending notifies Universal DeFi that the corresponding tranche of its underlying investment in such Target Company. Each investment is speculative and illiquid, has no stated maturity, and the timing of any realization is within the control of Ault Lending. In July 2026, the Company issued to SJC the second 2026 Note under the 2026 SPA, in the principal amount of $530,000 with a 6% original issue discount, for cash proceeds of $500,000. The 2026 Note bears interest at 8% per annum (360-day year, compounded daily, increasing to 20% upon an event of default), matures on July 29, 2027, may be prepaid at any time without penalty, and is convertible into common stock. Consistent with the initial tranche note, management plans to bifurcate the variable-share conversion feature as an embedded derivative measured at fair value under ASC 815.

SUBSEQUENT EVENTS

3 Months Ended

Jun. 30, 2026

15.SUBSEQUENT EVENTS

The Company has evaluated subsequent events through the date these condensed consolidated financial statements were issued. On July 10, 2026, the Company filed a registration statement on Form S-1 with the Securities and Exchange Commission registering the resale by SJC of shares of the Company’s common stock issuable upon conversion of the 2026 Notes. The filing of the registration statement obligated SJC to purchase the second tranche of convertible notes, in the principal amount of $530,000 for a purchase price of $500,000. Purchases of the remaining tranches are subject to the effectiveness of the registration statement.

During July 2026, Universal DeFi entered into three separate participation agreements with Ault Lending. Under each agreement, Universal DeFi acquired a participation interest in a separate investment made by Ault Lending in the equity or equity-linked securities (the “Participation Securities”) of certain companies (a “Target Company”), entitling the Company to receive its respective participation percentage of the net amounts realized by Ault Lending from its ownership or disposition of the Participation Securities, after deducting related expenses and excluding any origination fee. The participation interests range from 1.7% to 5.0% and represent an aggregate commitment of approximately $1,466,667, of which $650,000 was paid during July 2026 and approximately $816,667 remains payable in additional tranches, each due within one business day after Ault Lending notifies Universal DeFi that the corresponding tranche of its underlying investment in such Target Company. Each investment is speculative and illiquid, has no stated maturity, and the timing of any realization is within the control of Ault Lending.

In July 2026, the Company issued to SJC the second 2026 Note under the 2026 SPA, in the principal amount of $530,000 with a 6% original issue discount, for cash proceeds of $500,000. The 2026 Note bears interest at 8% per annum (360-day year, compounded daily, increasing to 20% upon an event of default), matures on July 29, 2027, may be prepaid at any time without penalty, and is convertible into common stock. Consistent with the initial tranche note, management plans to bifurcate the variable-share conversion feature as an embedded derivative measured at fair value under ASC 815.