DIGITAL ASSETS (Tables)
|
3 Months Ended |
Mar. 31, 2026 |
|---|
| Intangible Asset, Goodwill and Other [Abstract] |
|
| SCHEDULE OF DIGITAL ASSETS HELD |
The
following table presents the Company’s digital assets held as of March 31, 2026 and December 31, 2025, which are measured at fair
value in accordance in ASC 350-60, Intangibles - Crypto Assets. Measurement is based on quoted prices in active markets (Level
1 input under ASC 820, Fair Value Measurement) (in thousands, except quantity):
SCHEDULE
OF DIGITAL ASSETS HELD
| | |
March 31, 2026 | | |
December 31, 2025 | |
| | |
Quantity | | |
Cost Basis | | |
Fair Value | | |
Quantity | | |
Cost Basis | | |
Fair Value | |
| AVAX tokens | |
| 12,011,270.866 | | |
$ | 150,552 | | |
$ | 107,021 | | |
| 12,409,212.272 | | |
$ | 160,040 | | |
$ | 152,509 | |
| Bitcoin | |
| 21.145 | | |
| 1,980 | | |
| 1,443 | | |
| 13.272 | | |
| 1,397 | | |
| 1,161 | |
| Total digital assets | |
| | | |
$ | 152,532 | | |
$ | 108,464 | | |
| | | |
$ | 161,437 | | |
$ | 153,670 | |
|
| SCHEDULE OF ACTIVITY IN DIGITAL ASSETS |
The
following table summarizes the activity in the Company’s digital assets for the three months ended March 31, 2026 (in thousands):
SCHEDULE
OF ACTIVITY IN DIGITAL ASSETS
| | |
Amounts | |
| December 31, 2025 - Fair Market Value | |
$ | 153,670 | |
| Additions and purchases of digital assets | |
| 25 | |
| Rewards earned from blockchain infrastructure | |
| 1,622 | |
| Release of locked tokens - subscriptions receivable | |
| 3,224 | |
| Payment of vendor invoices | |
| (12 | ) |
| Conversion to tAVAX | |
| (8,466 | ) |
| Realized losses on digital assets | |
| (5,297 | ) |
| Unrealized loss on market valuation | |
| (36,302 | ) |
| March 31, 2026 - Fair Market Value | |
$ | 108,464 | |
|
| SCHEDULE OF SUBJECT TO SUBSCRIPTION RECEIVABLES |
The
following table summarizes the total AVAX tokens subject to restrictions as of March 31, 2026 and December 31, 2025 (in thousands, except
for quantity):
SCHEDULE
OF SUBJECT TO SUBSCRIPTION RECEIVABLES
| | |
March 31, 2026 | | |
December 31, 2025 | |
| | |
Quantity | | |
Cost Basis | | |
Quantity | | |
Cost Basis | |
| Restricted tokens pledged as collateral | |
| 434,700.000 | | |
$ | 7,207 | | |
| 434,700.000 | | |
$ | 7,207 | |
| Other restricted tokens | |
| 690,525.732 | | |
| 11,449 | | |
| 1,026,915.600 | | |
| 17,027 | |
| Total subscriptions receivable - digital assets | |
| 1,125,225.732 | | |
$ | 18,656 | | |
| 1,461,615.600 | | |
$ | 24,234 | |
|
| SCHEDULE OF SUBJECT TO RESTRICTION |
The
following table summarizes the restrictions that apply to the AVAX tokens classified as digital assets and the AVAX tokens classified
as subscriptions receivables as of March 31, 2026:
SCHEDULE
OF SUBJECT TO RESTRICTION
| Restriction Period | |
AVAX Tokens | |
| Tokens unlock over 108 equal monthly increments beginning December 2026 and concluding November 2035 | |
| 7,220,217 | |
| Tokens unlock in equal weekly increments concluding July 2027 | |
| 1,125,988 | |
| Tokens unlock in equal quarterly increments beginning February 2026 and concluding July 2030 | |
| 661,500 | |
| Tokens unlock in equal weekly increments concluding September 2027 | |
| 401,883 | |
| Tokens unlock in equal weekly increments beginning in March 2026 and concluding February 2027 | |
| 447,428 | |
| Tokens unlock in equal weekly increments concluding May 2027 | |
| 201,362 | |
| Tokens unlock in equal weekly increments beginning September 2026 and concluding March 2027 | |
| 230,000 | |
| Tokens unlock at a rate of approximately 41% in March 2026 and approximately 59% April 2026 | |
| 49,990 | |
| Tokens unlock at a rate of approximately 42% per week through March 2026 and approximately 58% per week concluding March 2027 | |
| 33,784 | |
| Tokens unlock in equal weekly installments concluding March 2026 | |
| 11,853 | |
| Tokens | |
| 10,384,005 | |
|