v3.25.4
Segment Information
 6 Months Ended
Dec. 31, 2025
Segment Information [Abstract]  
Segment Information

16. Segment Information

 

Due to the establishment of the official Dogecoin treasury strategy on September 5, 2025 as part of the $175 million private placement offering (see Note 1), the Company now has two reportable operating segments: (i) the CleanCore Segment, which is engaged in the development and production of cleaning products and solutions that are marketed for professional, industrial, or home use; and (ii) the Treasury Segment, which executes the Company’s digital asset treasury strategy focused on Dogecoin and includes the Company’s Treasury Assets. The Treasury Segment also includes dedicated resources assigned to execute on the digital asset strategy, unrealized gain or loss on digital assets, and other third-party costs associated with the Company’s digital assets holdings, and income tax effects generated from the Company’s Dogecoin holdings to better align with their activities and utilization.

 

The Company’s chief operating decision maker (“CODM”) is the Company’s Chief Executive Officer, who manages the Company as two discrete segments as well as on a consolidated basis. The CODM uses net income (loss) to assess the profitability of the CleanCore Segment by comparing actual to budgeted results on a quarterly basis. In doing so, he focuses on revenue, gross profit, and operating profit (loss) of the CleanCore Segment. The CODM, in conjunction with the Chief Investment Officer, assesses the Treasury Segment using the value of the Dogecoin and number of tokens held. Both segments allocate personnel and budget accordingly to maximize potential profitability. The CODM also uses net income (loss) to understand the impact from income taxes and financing costs for general tax and liquidity planning purposes.

 

The following tables present for each Segment and on a consolidated basis, the Company’s revenues, gross profit and operating profit (loss) regularly provided to the CODM and reconciled to net income (loss) for each of the periods presented. Total segment assets provided to the CODM are also disclosed in the tables below for each period presented.

 

   Three Months Ended December 31, 2025   Six Months Ended December 31, 2025 
   CleanCore   Treasury   Consolidated   CleanCore   Treasury   Consolidated 
Revenue  $1,068,851   $
-
   $1,068,851   $1,973,608   $
-
   $1,973,608 
Gross Profit   727,400    
-
    727,400    1,263,594    
-
    1,263,594 
Loss from Operations   (17,299,203)   (3,418,685)   (20,717,888)   (20,613,467)   (8,319,819)   (28,933,286)
Net Loss   (17,238,482)   (87,121,870)   (104,360,352)   
(20,708303
)   (97,019,748)   (117,728,051)
Total Assets  $12,890,030   $88,215,347   $101,105,377   $12,890,030   $88,215,347   $101,105,377