| Schedule of Segment Reporting Information, by Segment |
The Specialty Finance segment generates revenue from providing funding to nonprofit community associations. The Mining and Treasury Operations segment generates revenue from the Bitcoin the Company earns through its mining activities.
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Three Months Ended March 31, 2026 |
|
|
Specialty Finance |
|
Mining and Treasury Operations |
|
All Other |
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Total |
|
Revenue, net |
$ |
130,787 |
|
$ |
1,978,180 |
|
$ |
- |
|
$ |
2,108,967 |
|
Digital mining cost of revenue |
|
- |
|
|
1,868,344 |
|
|
- |
|
|
1,868,344 |
|
Curtailment and energy sales |
|
- |
|
|
(367,595 |
) |
|
- |
|
|
(367,595 |
) |
Staff costs and payroll |
|
39,640 |
|
|
310,644 |
|
|
966,991 |
|
|
1,317,275 |
|
Loss on fair value of mined bitcoin, net |
|
- |
|
|
3,784,418 |
|
|
- |
|
|
3,784,418 |
|
Depreciation and amortization |
|
208 |
|
|
640,336 |
|
|
189,284 |
|
|
829,828 |
|
Other segment expenses (1) |
|
176,557 |
|
|
516,239 |
|
|
416,176 |
|
|
1,108,972 |
|
Operating loss |
|
(85,618 |
) |
|
(4,774,206 |
) |
|
(1,572,451 |
) |
|
(6,432,275 |
) |
Unrealized gain on investment and equity securities |
|
- |
|
|
- |
|
|
14,024 |
|
|
14,024 |
|
Unrealized loss on marketable securities |
|
- |
|
|
- |
|
|
(2,380 |
) |
|
(2,380 |
) |
Gain on Galaxy loan derivative |
|
- |
|
|
22,374 |
|
|
- |
|
|
22,374 |
|
Loss on fair value of digital assets receivable |
|
- |
|
|
(3,178,440 |
) |
|
- |
|
|
(3,178,440 |
) |
Change in credit loss reserve on digital assets receivable |
|
- |
|
|
5,794 |
|
|
- |
|
|
5,794 |
|
Interest income |
|
- |
|
|
- |
|
|
532 |
|
|
532 |
|
Interest expense |
|
- |
|
|
(504,484 |
) |
|
(40,687 |
) |
|
(545,171 |
) |
Loss before income taxes |
|
(85,618 |
) |
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(8,428,962 |
) |
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(1,600,962 |
) |
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(10,115,542 |
) |
Fixed asset additions |
|
- |
|
|
203,344 |
|
|
4,578 |
|
|
207,922 |
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Three Months Ended March 31, 2025 |
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Specialty Finance |
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Mining and Treasury Operations |
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All Other |
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Total |
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Revenue, net |
$ |
97,397 |
|
$ |
2,273,940 |
|
$ |
- |
|
$ |
2,371,337 |
|
Digital mining cost of revenue |
|
- |
|
|
1,548,295 |
|
|
- |
|
|
1,548,295 |
|
Staff costs and payroll |
|
130,621 |
|
|
228,973 |
|
|
690,883 |
|
|
1,050,477 |
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Loss on fair value of Bitcoin, net |
|
- |
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|
1,809,976 |
|
|
- |
|
|
1,809,976 |
|
Depreciation and amortization |
|
477 |
|
|
1,980,092 |
|
|
57,009 |
|
|
2,037,578 |
|
Other segment expenses (1) |
|
214,883 |
|
|
322,061 |
|
|
487,908 |
|
|
1,024,852 |
|
Operating loss |
|
(248,584 |
) |
|
(3,615,456 |
) |
|
(1,235,800 |
) |
|
(5,099,840 |
) |
Loss on fair value of purchased Bitcoin, net |
|
|
|
(52,704 |
) |
|
- |
|
|
(52,704 |
) |
Unrealized loss on investment and equity securities |
|
- |
|
|
- |
|
|
(25,984 |
) |
|
(25,984 |
) |
Unrealized loss on marketable securities |
|
- |
|
|
- |
|
|
(8,710 |
) |
|
(8,710 |
) |
Interest income |
|
- |
|
|
- |
|
|
1,145 |
|
|
1,145 |
|
Interest expense |
|
- |
|
|
(183,919 |
) |
|
(36,987 |
) |
|
(220,906 |
) |
Loss before income taxes |
|
(248,584 |
) |
|
(3,852,079 |
) |
|
(1,306,336 |
) |
|
(5,406,999 |
) |
Fixed asset additions |
|
1,170 |
|
|
166,896 |
|
|
2,007 |
|
|
170,073 |
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1) Other segment items for each reportable segment include rent, collection costs, office and general business expenses, travel and insurance costs.
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