v3.26.1
INVESTMENTS AND FAIR VALUE MEASUREMENTS (Tables)
 12 Months Ended
Dec. 31, 2025
Investments And Fair Value Measurements  
SCHEDULE OF SHORT TERM INVESTMENT

A summary of our short-term investments as of December 31, 2025 and 2024, are as follows:

 

         
    As of December 31,  
    2025     2024  
             
U.S. treasury securities   $ -     $ 3,731  
Corporate bonds     -       1,182  
Short-term investments   $ -     $ 4,913  
SCHEDULE OF LONG TERM INVESTMENT

A summary of our long-term investments are as follows:

 

         
    As of December 31,  
    2025     2024  
             
Equity securities   $ 714     $ -  
Bifurcated embedded derivative asset     890       -  
Long-term investments   $ 1,604     $ -  
SCHEDULE OF DERIVATIVE ASSETS

 SCHEDULE OF DERIVATIVE ASSETS

Issuer of Promissory
Convertible Note		  Measurement
Date		  Principal   Weighted-
Average		  

 

Derivative
Value

   Valuation
Technique
                   
Customer A  September 30, 2025   45    38.2%   17.19   Monte Carlo Simulation
Customer B  September 30, 2025   60    21.8%   13.08   Monte Carlo Simulation
Customer C  June 30, 2025   60    26.8%   16.08   Monte Carlo Simulation
Weighted-Average Calculation      165    28.1%   46.35    

 

Asset  Fair Value    Valuation Technique  Significant Unobservable Input 

 

 

Input Value / Range

  Weighted Average 
                  
Bifurcated Embedded Derivative —Promissory Convertible Notes   890   Monte Carlo Simulation  Discount Rate (Rd)  28%   28%
           Sale Multiplier  3.0x   3.0x 
           Conversion Price Factor (Discount to Price)  72% of next-round price   72%
           Time to Maturity  24 months (from issuance)   Varied 
           Risk-Free Interest Rate / Credit Spread  6% coupon; contract rate   N/A 

 

Date  Total Transactions   Principal   Accrued Interest  

 

 

Principal plus Accrued Interest

   Valuation Technique
                        
December 31, 2025   57    3,100    80    3,180   Monte Carlo Simulation
SCHEDULE OF FAIR VALUE ON A RECURRING BASIS AND NONRECURRING BASIS

 

Fair Value Measurements Using

 

  

Quoted Prices

in Active

Markets

for

Identical Assets

(Level 1)

  

Significant

Other

Observable

Inputs

(Level 2)

  

Significant

Unobservable

Inputs (Level 3)

   Total 
                 
Digital assets                           
TON - unrestricted  $89,628   $-   $-   $89,628 
TON - restricted   267,181    -    -    267,181 
Total digital assets  $356,809   $-   $-   $356,809 
Non-marketable equity securities                    
Non-marketable equity securities  $-   $-   $714   $714 
Total non-marketable equity securities  $-   $-   $714   $714 
Derivative assets                    
Bifurcated embedded derivative asset  $-   $-   $890   $890 
Total derivative assets  $-   $-   $890   $890 

 

Assets and liabilities that are measured at fair value on a nonrecurring basis as of December 31, 2025 are classified based on the valuation technique in the table below:

 

Fair Value Measurements Using

 

  

Quoted Prices

in Active

Markets

for

Identical Assets

(Level 1)

  

Significant

Other

Observable

Inputs

(Level 2)

  

Significant

Unobservable

Inputs (Level 3)

   Total 
                 
Property and equipment, net  $-   $-   $258   $258 
Definite-lived intangible assets, net  $-   $-   $169   $169 
Indefinite-lived intangible assets  $-   $-   $10   $10 

 

 

Financial instruments measured at fair value on a recurring basis as of December 31, 2024 are classified based on the valuation technique in the table below:

 

Fair Value Measurements Using

  

  

Quoted Prices

in Active

Markets for

Identical Assets

(Level 1)

  

Significant

Other

Observable

Inputs (Level 2)

  

Significant

Unobservable

Inputs (Level 3)

   Total 
                 
Marketable debt securities                    
U.S. treasury securities  $3,731   $-   $-   $3,731 
Corporate bonds   -    1,182    -    1,182 
Total marketable debt securities  $3,731   $1,182   $-   $4,913 

 

Assets and liabilities that are measured at fair value on a nonrecurring basis as of December 31, 2024 are classified based on the valuation technique in the table below:

 

Fair Value Measurements Using

 

  

Quoted Prices

in Active

Markets

for

Identical Assets

(Level 1)

  

Significant

Other

Observable

Inputs

(Level 2)

  

Significant

Unobservable

Inputs (Level 3)

   Total 
                 
Property and equipment, net  $-   $-   $331   $331 
Definite-lived intangible assets, net  $-   $-   $3,491   $3,491 
Indefinite-lived intangible assets  $-   $-   $19   $19