v3.26.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenue    
Total Revenue $ 5,253 $ 1,305
Cost of revenue    
Total Cost of Revenue 1,296 596
Gross profit 3,957 709
Operating expenses    
Depreciation and amortization 19 37
General and administrative 7,823 3,331
Total operating expenses 7,842 3,368
Operating loss (3,885) (2,659)
Other income (expense), net    
Interest income 340 121
Unrealized gain (loss) on investments (64) 83
Other income (expense), net (87,343) 17
Total other income (expense), net (87,067) 221
Net loss before income taxes (90,952) (2,438)
Income tax expense (benefit)
Net loss (90,952) (2,438)
Less: Net income attributable to non-controlling interests 86 126
Net loss attributable to Ton Strategy Company and its common stockholders $ (91,038) $ (2,564)
Net income (loss) per share - basic $ (1.56) $ (2.51)
Net income (loss) per share - diluted $ (1.56) $ (2.51)
Weighted average number of common shares outstanding - basic 58,208,613 1,019,801
Weighted average number of common shares outstanding - diluted 58,208,613 1,019,801
Nonrelated Party [Member]    
Operating expenses    
General and administrative $ 6,797 $ 2,398
Related Party [Member]    
Operating expenses    
General and administrative 1,026 933
Ton [Member]    
Cost of revenue    
Total Cost of Revenue 156
Ton [Member] | Nonrelated Party [Member]    
Revenue    
Total Revenue 2,032
Ton [Member] | Related Party [Member]    
Revenue    
Total Revenue 970
Market Live [Member]    
Revenue    
Total Revenue 1,704 561
Cost of revenue    
Total Cost of Revenue 964 424
Go Fund Yourself [Member]    
Revenue    
Total Revenue 547 744
Cost of revenue    
Total Cost of Revenue $ 176 $ 172