| 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 | | |
| — | |
AIL
– trade receivable (related party) | |
| 2,612,695 | | |
| — | |
| 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 | |
|