Crypto Assets

6 Months Ended

Jun. 30, 2026

Crypto Assets [Abstract]

NOTE 4 – CRYPTO ASSETS

Crypto Assets, at Fair Value

The following table sets forth the units held, cost basis, and fair value of crypto assets held, as shown on the unaudited consolidated balance sheet as of June 30, 2026:

Name		Classification		Tokens Held				Cost Basis				Fair Value on June 30, 2026
BTC (Bitcoin)		Current			2.12023			$	223,577			$	124,099
USDC		Current			1,846.98				1,847				1,847
ETH (Ethereum)		Current			21.74707				47,819				34,101
SOL (Solana)		Current			512.10027				61,252				37,627
RSC		Current			29,705.59900				12,664				2,264
XRP		Current			5,274.30474				14,080				5,476
Total								$	361,239			$	205,414

The following table sets forth the units held, cost basis, and fair value of crypto assets held, as shown on the consolidated balance sheet as of December 31, 2025:

Name		Classification		Tokens Held				Cost Basis				Fair Value on December 31, 2025
BTC (Bitcoin)		Current			2.05492			$	218,577			$	179,824
USDC		Current			1,843.05				1,843				1,842
ETH (Ethereum)		Current			1.0769				4,343				3,195
SOL (Solana), including native staked SOL		Current			192.04422				34,918				23,907
RSC		Current			29,705.59900				12,664				3,355
XRP		Current			5,274.30474				14,080				9,694
Total								$	286,425			$	221,817

Cost basis is equal to the cost of the crypto assets or fund subscription plus transaction fees, if any, at the time of purchase or upon receipt, and staking income. Fair value represents the quoted (unadjusted) prices on coinmarketcap.com or the Coinbase exchange as of midnight UTC on the measurement date.

The following table represents a reconciliation of crypto assets held at fair value:

		Six Months Ended June 30, 2026
Fair Value, December 31, 2025		$	221,817
Additions from crypto assets received from purchases made with cash			49,990
Receipt of crypto assets, at fair value upon redemption of liquid staked tokens			66,600
Receipt of crypto assets rewards from staking activities			1,338
Deductions from crypto assets (USDC) from sale for cash			(45,188	)
Unrealized loss			(89,143	)
Fair Value, June 30, 2026		$	205,414

Crypto Assets, at Cost

As of June 30, 2026, the Company held no units of crypto assets, at cost.

The following table sets forth the units held, cost basis, and fair value of crypto assets held, as shown on the consolidated balance sheet as of December 31, 2025:

Name		Classification		Units Held				Original Cost Basis				Impairment				Adjusted Carrying Amount on December 31, 2025
LsETH (Staked Ethereum)		Current			20.38415			$	78,340			$	(17,860	)		$	60,480
mSOL (Marinade Solana)		Current			226.95034				60,160				(22,056	)			38,104
Total								$	138,500			$	(39,916	)		$	98,584

Cost basis is equal to the cost of the crypto assets plus transaction fees, if any, at the time of purchase or upon receipt. Adjusted carrying amount represents the costs of the crypto asset less impairment recorded.

The following table represents a reconciliation of crypto assets held at cost:

		Six Months Ended June 30, 2026
Adjusted Carrying Amount, December 31, 2025		$	98,584
Impairment loss			(29,911	)
Conversion of crypto assets, at cost to crypto assets, at fair value upon redemption			(66,600	)
Realized loss on the redemption of liquid staked tokens			(2,073	)
Adjusted Carrying Amount, June 30, 2026		$	-

For the six months ended June 30, 2026, the Company recorded an impairment loss of $29,911 related to its holdings of LsETH and mSOL in accordance with ASC 350-30 (see Note 2 - Crypto Assets). The impairment was recorded in the other income (expense) in the unaudited consolidated statements of operations and comprehensive loss. During the six months ended June 30, 2026, the Company redeemed all LsETH and mSOL to ETH and SOL and recognized a realized loss on crypto assets of $2,073.