v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and cash equivalents $ 2,773,407 $ 2,598,208
Trade receivables payable in cash 2,071,729 2,121,839
Prepaid expenses and other current assets 1,224,247 1,064,031
Indemnification asset 5,263,048 5,196,624
TOTAL CURRENT ASSETS 11,332,431 10,980,702
Property and equipment, net 23,577 26,925
Investment in land 683,979 683,979
Mining rights 580,000 580,000
Goodwill 3,865,695 3,865,695
Intangible assets, net 2,322,221 2,418,159
Investment in privately-held companies 8,163,528 8,163,528
Other assets 3,373 3,200
Operating lease right-of-use assets 143,796 177,685
TOTAL ASSETS 27,118,600 26,899,873
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)    
Accounts payable 2,176,217 2,255,273
Income tax payable 6,473 8,431
Accrued expenses 3,374,013 3,934,324
Accrued payroll liabilities 906,453 634,603
Deferred revenue 7,999 3,940
ITSQuest tax liability 5,038,044 4,991,620
Short-term debt 100,000 100,000
Operating lease liabilities, current 94,999 121,335
Other current liabilities 72,156 245,692
TOTAL CURRENT LIABILITIES 11,776,354 12,295,218
Deferred income tax liability, net 278,617 278,617
Unicoin rights financing obligation 111,001,131 109,910,781
Operating lease liabilities, noncurrent 52,431 61,098
TOTAL LIABILITIES 123,108,533 122,545,714
STOCKHOLDERS’ DEFICIT    
Common stock, $0.001 par value; 1,000,000,000 authorized; 782,845,442 and 781,065,752 issued; 741,371,729 and 739,614,045 outstanding, net of treasury stock as of March 31, 2025 and December 31, 2024, respectively 782,846 781,066
Treasury stock, at cost; 41,473,713 and 41,451,707 shares as of March 31, 2025 and December 31, 2024, respectively (4,077,657) (4,074,110)
Additional paid-in capital 76,485,309 74,714,958
Accumulated deficit (168,368,128) (166,330,117)
TOTAL UNICOIN INC. STOCKHOLDERS’ DEFICIT (95,177,630) (94,908,203)
Non-controlling interest (812,303) (737,638)
TOTAL STOCKHOLDERS’ DEFICIT (95,989,933) (95,645,841)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT $ 27,118,600 $ 26,899,873