| Schedule of Debt |
Debt of the Company consisted of the following as of March 31, 2026 and December 31, 2025:
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March 31, 2026 |
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December 31, 2025 |
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Financing agreement with Imperial PFS that is unsecured. Down payment of $9,218 was required upfront. Eleven installment payments of $16,743 are to be made over the loan term. The note matures on June 1, 2026. Annualized interest is 9.45%. |
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50,230 |
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100,461 |
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Financing agreement with Imperial PFS that is unsecured. Down payment of $6,900 was required upfront. Six installment payments of $12,604 are to be made over the loan term. The note matures on June 1, 2026. Annualized interest is 9.45%. |
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37,813 |
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75,627 |
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Financing agreement with Imperial PFS that is unsecured. Down payment of $50,635 was required upfront. Ten installment payments of $47,553 are to be made over the loan term. The note matures on August 1, 2026. Annualized interest is 8.6%. |
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237,765 |
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380,423 |
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Secured loan with Brown Family Enterprises LLC. The note matures on June 30, 2026. Interest is 11% per annum. |
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1,500,000 |
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1,500,000 |
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Loan with SE & AJ Liebel Limited Partnership. $2.2 million of Bitcoin has been pledged as collateral. The note matures on September 15, 2027. Interest is 12% per annum. |
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2,000,000 |
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2,000,000 |
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Loan with SE & AJ Liebel Limited Partnership. $5.5 million of Bitcoin has been pledged as collateral. The note matures on August 6, 2026. Interest is 12% per annum. |
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5,000,000 |
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5,000,000 |
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Loan with Galaxy Digital LLC. $11.9 million and $12.7 million worth of Bitcoin have been pledged as collateral as of March 31, 2026 and December 31, 2025, respectively. The note matures on June 26, 2026. Interest is 0% per annum. |
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11,000,000 |
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11,000,000 |
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Debt discount |
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(194,051 |
) |
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(196,259 |
) |
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|
$ |
19,631,757 |
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|
$ |
19,860,252 |
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| Schedule of Principal Payments of Debt |
Minimum required principal payments on the Company's debt as of March 31, 2026 are as follows:
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Maturity |
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Amount |
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2026 |
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17,825,808 |
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2027 |
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2,000,000 |
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$ |
19,825,808 |
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