v3.25.2
Digital Assets
6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Digital Assets

Note 5 – Digital Assets

 

Effective January 1, 2024, the Company early adopted ASU 2023-08, which required entities to measure digital assets or “cryptocurrencies” at fair value with changes recognized in the Consolidated Statements of Income each reporting period.

 

The following table presents the Company’s digital asset holdings as of June 30, 2025:

 

   June 30, 2025   December 31, 2024 
(in thousands, except for quantity)  Quantity   Cost Basis   Fair Value   Quantity   Cost Basis   Fair Value 
Bitcoin   7   $178   $750    7   $178   $654 
Total digital assets held       $178   $750        $178   $654 

 

 

 

Where Food Comes From, Inc.

Notes to the Consolidated Financial Statements

(Unaudited)

 

The following table presents a roll-forward of total digital assets for the six months ended June 30, 2025:

 

(in thousands)  Fair Value 
Digital assets December 31, 2024  $654 
Unrealized gain on digital assets   96 
Digital assets June 30, 2025  $750