v3.26.1
DIGITAL ASSETS
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
DIGITAL ASSETS

NOTE 3 - DIGITAL ASSETS

 

We primarily receive crypto assets held for operations as payments for transaction revenue, blockchain rewards, custodial fee revenue, and other subscriptions and services revenue. Our intent is to convert crypto assets received as a form of payment to cash or to use them to fulfill expenses, primarily blockchain rewards, nearly immediately.

 

During times of instability in the crypto assets market, we may not be able to sell our crypto assets at reasonable prices or at all. As a result, our crypto assets held for operations are considered as current assets but less liquid than our cash and cash equivalents and may not provide liquidity to the same extent as cash and cash equivalents.

 

As of June 30, 2026, the details of digital assets we held are as follows:

 

Ticker Symbol  Digital Assets  Number of
Tokens (1)		   Value per
Token (1)		   Total Value
(2)		 
2UT  Brighsun 2UT   8,451.810   $2.336   $19,747 
BCH  Bitcoin Cash   0.022    199.710    4 
BTC  Bitcoin   0.033    58,573.000    1,923 
ETH  Ethereum   0.824    1,507.070    1,293 
USDT  Tether   211,265.301    0.999    210,991 
XRP  Ripple   93.364    1.038    97 
                $234,055 

 

(1) Number of tokens and value per token were displayed up to 3 decimal places, respectively.
(2) Total value was rounded to the nearest dollar.

 

As of December 31, 2025, the details of digital assets we held are as follows:

 

Ticker Symbol  Digital Assets  Number of
Tokens (1)		   Value per
Token (1)		   Total Value
(2)		 
2UT  Brighsun 2UT   8,451.810   $2.336   $19,747 
BCH  Bitcoin Cash   0.022    599.190    13 
BTC  Bitcoin   0.033    87,520.000    2,873 
ETH  Ethereum   0.824    2,966.770    2,444 
USDT  Tether   257,246.961    0.999    256,912 
XRP  Ripple   93.364    1.840    172 
                $282,161 

 

(1) Number of tokens and value per token were displayed up to 3 decimal places, respectively.
(2) Total value was rounded to the nearest dollar.

 

The following table sets forth a summary of the changes in the estimated fair value of our digital assets during the period ended June 30, 2026, and the year ended December 31, 2025, respectively:

 

   As of
June 30, 2026		   As of
December 31, 2025		 
   (Unaudited)   (Audited) 
Fair value at beginning of period / year  $282,161   $192,398 
(Disposals) /additions during the period / year   (45,922)   94,581 
Change in fair value during the period / year   (2,184)   (4,818)
Fair value at end of period / year  $234,055   $282,161 

 

The estimated fair value of our digital assets was $234,055 and $282,161 as of June 30, 2026, and December 31, 2025, respectively.

 

For the three and six months ended June 30, 2026, we recognized a fair value loss on digital assets of $894 and $2,184, respectively.

 

For the three months ended June 30, 2025, we recognized a fair value gain on digital assets of $1,895, while for the six months ended June 30, 2025, we recognized a fair value loss on digital assets of $4,870.

 

During 2024, we issued 4,000,000 tokens of our digital assets, GX Token, in exchange for 5,000,000 tokens of Dignity Token, an asset-backed crypto security token (“DiGau”). Despite the token exchange, DiGau was not recognized in our consolidated balance sheets as of June 30, 2026, and December 31, 2025, as the transaction did not meet the criteria for asset recognition.

 

As of the date of this report, we have not yet determined the value of DiGau and are still evaluating the fair value due to a lack of observable market transactions and price information. As a result, the transaction was not disclosed in our condensed consolidated financial statements for the period ended June 30, 2026.

 

We do not expect that the exclusion of the transaction will have a significant effect on our consolidated financial statements as of June 30, 2026, and December 31, 2025, respectively.