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SEGMENT REPORTING
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
SEGMENT REPORTING

NOTE 21 – SEGMENT REPORTING

 

The Company operates as a single operating and reportable segment. The Company’s Chief Executive Officer is the chief operating decision maker (the “CODM”) and evaluates financial performance and allocates resources on a consolidated basis. The CODM does not receive or review discrete operating results, or separate financial information, for Streamex Exchange or any other business unit; accordingly, the Company has determined that it operates as one reportable segment as of June 30, 2026.

 

In connection with the May 28, 2025 acquisition of Streamex Exchange, the Company appointed a new Chief Executive Officer, who was designated as the CODM. Although the acquisition introduced a new line of business focused on digital asset infrastructure, the CODM has not begun reviewing Streamex Exchange’s operating results separately for purposes of performance assessment or resource allocation. Management believes a transitional period is appropriate given the timing of the acquisition and the early-stage status of the Streamex Exchange platform. The Company will continue to monitor the CODM’s review practices and internal reporting structure and, in accordance with ASC 280-10-50-34, will recast prior-period segment disclosures retrospectively if a change in reportable segments occurs in a future period.

 

 

The measure of segment profit or loss reviewed by the CODM is consolidated net loss. The significant expense categories and amounts regularly provided to the CODM are those presented on the face of the unaudited condensed consolidated statements of operations, including general and administrative expense, depreciation and amortization, and the components of other income and expense. The CODM also evaluates actual results against budgeted amounts in making decisions about strategic initiatives and resource allocation. Segment assets are not separately reported to or reviewed by the CODM. All assets are managed on a consolidated basis and are reported in the Company’s unaudited condensed consolidated balance sheets.

 

Information concerning the operations of the Company’s reportable segment is as follows:

 

   2026   2025   2026   2025 
  

For the Three Months

Ended June 30,

  

For the Six Months

Ended June 30,

 
   2026   2025   2026   2025 
                 
Gold lease income  $146   $-   $146   $- 
Less segment expenses:                    
General and administrative   6,719    7,691    15,602    8,579 
General and administrative - stock-based compensation expenses   7,117    12,120    32,487    14,194 
Depreciation and amortization   1,471    554    2,963    577 
Total operating and segment expense   15,307    20,365    51,052    23,350 
Plus:                    
Interest (expense) income, net   (3)   13    (12,198)   13 
Realized gain on sale of gold   -    -    2,938    - 
Realized (loss) gain on marketable securities   (106)   -    377    - 
Change in fair value of marketable securities   14    -    (119)   - 
Change in fair value of embedded derivative   -    -    497    - 
Realized loss on extinguishment of convertible debenture   -    -    (3,057)   - 
(Loss) gain on settlement and forgiveness of accounts payable and accrued expenses   -    (3)   -    196 
Other income (expense), net   200    (13)   153    (28)
Total other income (expense)   105    (3)   (11,409)   181 
Income taxes (benefit)   (505)   -    (1,070)   - 
Segment net loss  $(14,551)  $(20,368)  $(61,245)  $(23,169)
Noncontrolling interest   1    4    -    16 
Net loss attributable to Streamex Corp.  $(14,552)  $(20,372)  $(61,245)  $(23,185)