| SUMMARY OF RELATED PARTY BALANCES |
The
following table summarizes related party balances included in the consolidated balance sheets as of December 31, 2025, and December 31,
2024 (as restated):
SUMMARY
OF RELATED PARTY BALANCES
| | |
December
31, 2025
(Restated) | | |
December
31, 2024
(Restated) | |
| Related party receivable
(asset): | |
| | | |
| | |
| AIL –
intercompany receivable (post-acquisition) | |
$ | 37,579,900 | | |
$ | — | |
| FDC – Related party receivables
and advances | |
| 3,165,290 | | |
| 1,682,450 | |
| AML – due from related
parties, net | |
| (3,300,538 | ) | |
| — | |
| FXPIG – due from | |
| 32,704 | | |
| — | |
| Total related party receivable | |
$ | 40,090,051 | | |
$ | 1,682,450 | |
| | |
| | | |
| | |
| Related party advances (liability): | |
| | | |
| | |
| AIL – due to Alchemy
DMCC (post-acquisition) | |
$ | 25,512,642 | | |
$ | 7,713,827 | |
| FDC – due to Alchemy
DMCC | |
| 536,504 | | |
| — | |
| FDC – related party
advances, net | |
| 33,000 | | |
| 33,000 | |
| ADS – related party
loan | |
| 4,711 | | |
| 3,536 | |
| AML – due to AML
US | |
| 720,644 | | |
| 140,682 | |
| ATECH – related party
loan | |
| — | | |
| 101,795 | |
| Total related party advances | |
$ | 29,197,470 | | |
$ | 7,992,840 | |
| | |
| | | |
| | |
| Accrued expenses, related
party (liability): | |
| | | |
| | |
| Accrued payroll –
Mitchell M. Eaglstein | |
$ | 241,000 | | |
| 246,000 | |
| Accrued payroll –
Imran Firoz | |
| 286,000 | | |
| 273,500 | |
| ATECH – accrued expenses | |
| 5,287 | | |
| — | |
| Other accrued, related
party | |
| — | | |
| — | |
| Total accrued expenses,
related party | |
$ | 532,287 | | |
$ | 519,500 | |
|