v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 28, 2026
Dec. 27, 2025
Assets    
Cash $ 10,522 $ 6,222
Short term investment 5,000
Trade and other receivables, net 1,348 2,292
Digital assets receivable 12,512 17,997
Prepaid expenses and other current assets 2,221 2,369
Other current assets 409 381
Current assets from discontinued operations 192 205
Total current assets 32,204 29,466
Property and equipment, net 26 28
Right of use assets 94 102
Intangible assets, net 22,153 23,040
Cryptocurrency assets at fair value 706,362 1,054,663
Deferred income taxes, net 170,583 83,876
Goodwill 12,297 12,297
Other assets from discontinued operations 15,983 15,983
Total assets 959,702 1,219,455
Liabilities:    
Accounts payable 3,256 5,102
Accrued liabilities - other 9,100 8,538
Digital assets payable 20,181 28,693
Convertible debentures 75 563
Operating lease liabilities 22 5
Notes payable 4,869 5,944
Current liabilities from discontinued operations 1,579 2,554
Total current liabilities 39,082 51,399
Notes payable 23,437 8,747
Operating lease liabilities 85 107
Total liabilities 62,604 60,253
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Common stock, par value $0.001 per share, 2,000,000,000 shares authorized,127,166,254 and 126,474,169 shares issued and outstanding at March 28, 2026 and at December 27, 2025, respectively 126 126
Accumulated other comprehensive loss 1,771 (6,306)
Additional paid-in capital 1,552,525 1,551,301
Accumulated deficit (674,115) (402,710)
Equity attributable to AI Financial Corporation shareholders 889,742 1,151,846
Noncontrolling interest 3,500 3,500
Total stockholders’ equity 893,242 1,155,346
Total liabilities mezzanine equity and stockholders’ equity 959,702 1,219,455
Series S Convertible Preferred Stock [Member]    
Mezzanine equity    
Convertible preferred stock, series S - par value $0.001 per share 200,000 authorized, 100,000 shares issued and outstanding at March 28, 2026 and December 27, 2025 3,856 3,856
Stockholders’ equity:    
Preferred stock, value 7,993 7,993
Series A Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock, value
Series B Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock, value 717 717
Series I Convertible Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock, value
Series M Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock, value
Series Q Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock, value 725 725
Series V Convertible Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock, value