| Digital Assets |
Note
4 – Digital Assets
The
following table presents the Company’s significant digital assets holdings as of December 31, 2025:
Schedule
of Digital Assets Holdings
| | |
Quantity | | |
Cost Basis | | |
Fair Value | |
| Dogecoin | |
| 20,974,425 | | |
$ | 4,217,383 | | |
$ | 2,460,255 | |
| Bitcoin | |
| 19.11 | | |
| 2,001,246 | | |
| 1,671,955 | |
| Litecoins | |
| 3,198 | | |
| 279,023 | | |
| 245,508 | |
| Other | |
| 191,738,575 | | |
| 56,973 | | |
| 52,484 | |
| Total | |
| | | |
$ | 6,554,625 | | |
$ | 4,430,202 | |
The
following table summarizes the Company’s digital asset activity for the years indicated:
Schedule of Digital Assets
| | |
Year Ended December 31, | |
| | |
2025 | |
| Digital asset, beginning | |
$ | - | |
| Digital asset mining revenue | |
| - | |
| Dogecoin | |
| 6,092,437 | |
| Litecoins | |
| 856,190 | |
| Other litecoins | |
| 14,850 | |
| Digital assets assumed in reverse recapitalization, at fair value | |
| 2,552,197 | |
| Change in fair value of BTC | |
| | |
| Digital asset sales | |
| (4,641,776 | ) |
| ‘Net unrealized and realized loss, digital assets | |
| (443,696 | ) |
| Digital assets, end of period | |
$ | 4,430,202 | |
The
following table presents a roll-forward of Bitcoin (“BTC”) for the year ended December 31, 2025, based on the fair value
model under ASU 2023-08:
Schedule
of Digital Asset Roll Forward
| | |
Fair Value | |
| BTC as of January 13, 2025 | |
$ | - | |
| BTC assumed in reverse recapitalization, at cost | |
| 2,001,246 | |
| Change in fair value of BTC | |
| (329,291 | ) |
| Receipt of Dogecoin from mining services | |
| | |
| Proceeds from sale of Dogecoin | |
| | |
| BTC as of December 31, 2025 | |
$ | 1,671,955 | |
The
following table presents a roll-forward of Dogecoin for the year ended December 31, 2025, based on the fair value model under ASU 2023-08:
Schedule
of Digital Asset Roll Forward
| | |
| | |
| Dogecoin as of January 13, 2025 | |
$ | - | |
| Balance | |
$ | - | |
| Receipt of Dogecoin from mining services | |
| 6,092,437 | |
| Dogecoin assumed in reverse recapitalization, at cost | |
| 2,000,000 | |
| Proceeds from sale of Dogecoin | |
| (3,875,056 | ) |
| Change in fair value of Dogecoin | |
| (1,757,126 | ) |
| Dogecoin as of December 31, 2025 | |
$ | 2,460,255 | |
| Balance | |
$ | 2,460,255 | |
|