v3.26.1
Note 3 - Summary of Significant Accounting Policies: Fair Value of Financial Instruments (Policies)
 6 Months Ended
Jun. 30, 2026
Policies  
Fair Value of Financial Instruments

Fair Value of Financial Instruments

 

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, based on our principal or, in the absence of a principal, most advantageous market for the specific asset or liability.

 

U.S. generally accepted accounting principles provide for a three-level hierarchy of inputs to valuation techniques used to measure fair value, defined as follows:

 

 

Level 1:

Inputs that are quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity can access.

 

 

 

 

Level 2:

Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability, including:

 

 

-

quoted prices for similar assets or liabilities in active markets;

 

-

quoted prices for identical or similar assets or liabilities in markets that are not active;

 

-

inputs other than quoted prices that are observable for the asset or liability; and

 

-

inputs that are derived principally from or corroborated by observable market data by correlation or other means.

 

 

Level 3:

Inputs that are unobservable and reflect management’s own assumptions about the inputs market participants would use in pricing the asset or liability based on the best information available in the circumstances (e.g., internally derived assumptions surrounding the timing and amount of expected cash flows).

 

Our financial instruments consist of cash, accounts receivable and accounts payable, and note payable. We have determined that the book value of our outstanding financial instruments as of June 30, 2026, and December 31, 2025, approximates the fair value due to their short-term nature or interest rates that approximate prevailing market rates.

 

Items recorded or measured at fair value on a recurring basis in the accompanying consolidated financial statements consisted of the following items as of June 30, 2026:

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Operating digital assets (see Note 6)

 

$

4,500

 

 

$

-

 

 

$

-

 

 

$

4,500

 

Total Assets

 

$

4,500

 

 

$

-

 

 

$

-

 

 

$

4,500

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Liabilities

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-