As of March 31, 2026, the Company held digital assets consisting primarily of USDC and FRAX in a custodial wallet maintained pursuant to the Company's financing agreements. Accordingly, the assets are accounted for as indefinite-lived intangible assets under ASC 350-30. The digital assets are initially recorded at cost, including directly attributable transaction costs, and subsequently measured at historical cost less any impairment losses. These assets are not amortized and are evaluated for impairment at least annually or more frequently if events or changes in circumstances indicate that the assets may be impaired. Any impairment loss is recognized in operating results, and subsequent increases in value are not recognized until realized.

The digital assets are classified as current since the Company expects to utilize the funds in the near term.

The following table provides a summary of changes in fair value associated with digital assets for the three-month period ended March 31, 2026:


	FRX USD						USDC								Total
	# of units		$/unit		$ Value		# of units			$/unit		$ Value			# of units			$/unit		$ Value
Opening balance		-	$	-	$	-		-		$	-	$	-			-		$	-	$	-
Additions		6,635,396		1.00		6,635,396		8,142,127			1.00		8,142,127			14,777,523			1.00		14,777,523
Disposals		-		1.00		-		(6,635,396	)		1.00		(6,635,396	)		(6,635,396	)		1.00		(6,635,396	)
Fair value adj						-							-								-
Closing balance		6,635,396	$	1.00	$	6,635,396		1,506,731		$	1.00	$	1,506,731			8,142,127		$	1.00	$	8,142,127

At March 31, 2026, digital asset units held and fair market value are as follows:


Asset	Units Held		$/unit		Fair Market Value ($)
FRX USD		6,635,396	$	1.00	$	6,635,396
USDC		1,506,731	$	1.00	$	1,506,731
Total		8,142,127	$	1.00	$	8,142,127