NOTE
18 – NONCONTROLLING INTERESTS
As
of June 30, 2026 and December 31, 2025, the Company held a majority interest in ViralClear of approximately 70%
for both periods, and a majority interest in BioSig AI of approximately 84%
for both periods. As of June 30, 2026, the Company consolidated Streamex Ltd. as a variable interest entity, with noncontrolling
interest holders (consisting of Metalayer, and eight external tokenholders including
three related-party officers) holding approximately 9%
of the outstanding GLDY tokens. See Note 12, Streamex Ltd. (VIE) and Consolidation, for additional information. For purposes of
attributing net income (loss) to noncontrolling interests, the ownership percentages used for Streamex Ltd. reflect the
time-weighted average ownership interests outstanding during each reporting period in accordance with ASC 810. Accordingly, the
time-weighted percentages of approximately 4.0250%
for the second quarter and approximately 0.2102%
for the first quarter differ from the approximately 9%
ownership interest held by noncontrolling interest holders as of June 30, 2026 because substantially all noncontrolling interests
were admitted during 2026, including significant ownership interests issued during the latter part of the second quarter.
A
reconciliation of ViralClear, BioSig AI and Streamex Ltd. noncontrolling loss attributable to the Company:
Net
income (loss) attributable to noncontrolling interests for the three months ended June 30, 2026:
SCHEDULE OF NON-CONTROLLING INTEREST
| | |
ViralClear | | |
BioSig AI | | |
Streamex Ltd. | | |
Total | |
| Net income (loss) | |
$ | - *
| | |
$ | - | | |
$ | 15 | | |
$ | 15 | |
| Noncontrolling ownership percentage | |
| 30 | % | |
| 16 | % | |
| 4 | % | |
| 4 | % |
| Net income (loss) attributable to noncontrolling interests | |
$ | - *
| | |
$ | - | | |
$ | 1 | | |
$ | 1 | |
| |
* |
Less than $0.5 thousand |
Net
income (loss) attributable to noncontrolling interests for the three months ended June 30, 2025:
| | |
ViralClear | | |
BioSig AI | | |
Streamex Ltd. | | |
Total | |
| Net income (loss) | |
$ | - *
| | |
$ | 23 | | |
$ | - | | |
$ | 23 | |
| Noncontrolling ownership percentage | |
| 31 | % | |
| 16 | % | |
| - | | |
| 16 | % |
| Net income (loss) attributable to noncontrolling interests | |
$ | -*
| | |
$ | 4 | | |
$ | - | | |
$ | 4 | |
| |
* |
Less than $0.5 thousand |
Net
income (loss) attributable to noncontrolling interests for the six months ended June 30, 2026:
| | |
ViralClear | | |
BioSig AI | | |
Streamex Ltd. | | |
Total | |
| Net income (loss) | |
$ | - | | |
$ | - | | |
$ | (140 | ) | |
$ | (140 | ) |
| Noncontrolling ownership percentage | |
| 30 | % | |
| 16 | % | |
| n/a1 | | |
| 1 | % |
| Net income (loss) attributable to noncontrolling interests | |
$ | - | | |
$ | - | | |
$ | -
* | | |
$ | - * | |
| |
* |
Less than $0.5 thousand |
| |
|
|
| |
1) |
Streamex Ltd.’s results
for the six months ended June 30, 2026 were attributed to the noncontrolling interest using separate time-weighted ownership percentages
of approximately 0.2102% for the first quarter and approximately 4.0250% for the second quarter, applied to the results of each respective
quarter. A single blended six-month percentage is not used, because substantially all of Streamex Ltd.’s loss for the period
was incurred in the first quarter, when the noncontrolling ownership interest was de minimis, while the second quarter was profitable
and the noncontrolling ownership interest was materially higher. Applying a blended percentage to the six-month result would attribute
a loss to holders who did not hold their interests during the loss period. On that basis, net income of less than $0.5 thousand was
attributed to the noncontrolling interest for the six months ended June 30, 2026. |
Net
income (loss) attributable to noncontrolling interests for the six months ended June 30, 2025:
| | |
ViralClear | | |
BioSig AI | | |
Streamex Ltd. | | |
Total | |
| Net income (loss) | |
$ | - * | | |
$ | 98 | | |
$ | - | | |
$ | 98 | |
| Noncontrolling ownership percentage | |
| 31 | % | |
| 16 | % | |
| - | | |
| 16 | % |
| Net income (loss) attributable to noncontrolling interests | |
$ | -
* | | |
$ | 16 | | |
$ | - | | |
$ | 16 | |
| |
* |
Less than $0.5 thousand |
The
following table summarizes the changes in noncontrolling interests for the six months ended June 30, 2026:
SCHEDULE OF CHANGES IN NON-CONTROLLING INTEREST
| | |
ViralClear | | |
BioSig AI | | |
Streamex Ltd. | | |
Total | |
| Balance, January 1, 2026 | |
$ | (171 | ) | |
$ | 203 | | |
$ | - | | |
$ | 32 | |
| Contributions from noncontrolling interest holders | |
| - | | |
| - | | |
| 350 | | |
| 350 | |
| Change in ownership interest in Streamex Ltd | |
| - | | |
| - | | |
| 1,120 | | |
| 1,120 | |
| Distributions to noncontrolling interest holders | |
| - | | |
| - | | |
| (5 | ) | |
| (5 | ) |
| Net income (loss) attributable to noncontrolling interests | |
| - | | |
| - | | |
| - | | |
| - | |
| Balance, June 30, 2026 | |
$ | (171 | ) | |
$ | 203 | | |
$ | 1,465 | | |
$ | 1,497 | |
The
following table summarizes the changes in noncontrolling interests for the six months ended June 30, 2025:
| | |
ViralClear | | |
BioSig AI | | |
Streamex Ltd. | | |
Total | |
| Balance, January 1, 2025 | |
$ | (171 | ) | |
$ | 188 | | |
$ | - | | |
$ | 17 | |
| Net income (loss) attributable to noncontrolling interest | |
| - | | |
| 16 | | |
| - | | |
| 16 | |
| Balance, June 30, 2025 | |
$ | (171 | ) | |
$ | 204 | | |
$ | - | | |
$ | 33 | |
|