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NOTE 2. Summary of Significant Accounting Policies The summary of significant accounting policies of the Company is presented to assist in understanding the Company’s financial statements. The financial statements and notes are representations of the Company’s management, who is responsible for integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America and have been consistently applied in the preparation of the financial statements. Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared by management in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Certain information and note disclosures normally included in audited financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such rules and regulations, although management believes that the disclosures made are adequate to make the information presented not misleading. In the opinion of management, the accompanying unaudited condensed consolidated financial statements include all normal recurring adjustments considered necessary for a fair presentation of the Company’s financial position as of June 30, 2026, the results of operations for the three and six months ended June 30, 2026 and 2025, and cash flows for the six months ended June 30, 2026 and 2025. Interim results are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2026 or any future interim period. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025. Basis of Consolidation The consolidated financial statements include the accounts of I-On Digital Corp. and its wholly owned subsidiary Orebits Corp, (collectively, the Company). All significant intercompany transactions and balances have been eliminated in consolidation. Subsidiaries are entities over which the Company has control, typically through a majority voting interest. The Company consolidates entities in which it holds a controlling financial interest, as defined by Accounting Standards Codification (ASC) 810, Consolidation. Going Concern The accompanying condensed consolidated financial statements have been prepared assuming the Company will continue as a going concern. For the six months ended June 30, 2026, the Company reported net income of $3,584,107, primarily attributable to the gain recognized on the exchange of intangible assets and the gain on settlement of debt. These gains are non-recurring in nature and do not represent the results of the Company’s core operating activities. The Company continued to incur operating losses from its principal business activities and used approximately $0.8 million of cash in operating activities during the six months ended June 30, 2026. As of June 30, 2026, the Company had a working capital deficiency of approximately $4.59 million, continued to rely on related-party financing and third-party borrowings to fund operations, and had an accumulated deficit of approximately $4.71 million. These conditions continue to raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date these financial statements are issued. Management continues to focus on expanding commercialization of its digital asset platform, developing additional revenue-generating opportunities, and obtaining additional financing through private placements and strategic financing arrangements. The Company also expects continued financial support from certain related parties as needed. However, there can be no assurance that additional financing or related-party support will be available on acceptable terms, or at all. Accordingly, the accompanying condensed consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty. Use of Estimates in the Preparation of Financial Statements The preparation of the financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting periods. As a result, actual results could materially differ from these estimates. Revenue Recognition The Company recognizes revenue in accordance with ASC 606 for contracts with customers. The core principle of ASC 606 is that revenue should be recognized to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the Company expects to be entitled. The Company applies the following five-step model: (i) identification of the contract with a customer; (ii) identification of performance obligations; (iii) determination of the transaction price; (iv) allocation of the transaction price to performance obligations; and (v) recognition of revenue when or as performance obligations are satisfied. The Company’s revenue during the six months ended June 30, 2026 consisted of fees earned under its Master Treasury Lease and Custody Agreement (“MTLCA”) with GGBR Inc. (“GGBR”). Under the MTLCA arrangement, the Company, performing in its role as the Lessor under the MTLCA, enables GGBR’s minting, issuance, and management of gold-backed digital tokens (“Goldfish Tokens”) by providing its ION.au Gold-backed Digital Assets (“ION.au”) as collateral to back the Goldfish Tokens. Under the MTLCA the Company’s single performance obligation is to provide vault access to the ION.au, however, the Company earns royalties on GGBR’s sales of Goldfish Tokens, therefore revenue is recognized when Goldfish Tokens are sold by GGBR, at the point when the Company is entitled to receive consideration. Consideration received in advance of Goldfish Token sales is recorded as a contract liability and recognized as revenue when the Company is entitled to receive consideration. During the three months ended June 30, 2026, the Company did not recognize any revenue under the Master Treasury Lease and Custody Agreement (“MTLCA”). For the six months ended June 30, 2026, the Company recognized $<span id="xdx_90E_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pp0p0_c20260101__20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__us-gaap--RelatedPartyMember_zZtAaFPHev08" title="Revenue">27,000 of revenue under the MTLCA. As of June 30, 2026 and December 31, 2025, the Company had no accounts receivable related to the MTLCA and recorded deferred revenue of $0 and $460, respectively. Digital Asset Yield Income The Company recognizes income earned from contractual participation in digital asset treasury and decentralized finance (“DeFi”) yield-generating arrangements as other income, as such income is not derived from contracts with customers and is therefore outside the scope of ASC Topic 606, Revenue from Contracts with Customers. Yield income is recognized when earned based on the Company’s contractual rights under the applicable agreements. Amounts earned but not yet received are recorded as other receivables. Cash and Cash Equivalents The Company considers all money market funds and highly liquid investments with original maturities of three months or less to be cash equivalents. As of June 30, 2026 and December 31, 2025, the Company had no cash equivalents. Intangible Assets Intangible assets represent non-physical assets that lack physical substance but have economic value. The Company’s intangible assets primarily consist of internally developed software, technology platforms, and digital assets, including gold-backed digital assets and related digital tokens. Intangible assets are recorded at cost, fair value, or historical cost, as appropriate. Fair value is used when assets are acquired from parties not under common control, while historical cost is used for assets acquired from entities under common control. Intangible assets with finite useful lives are amortized on a straight-line basis over their estimated useful lives. The estimated useful lives of the respective asset categories are as follows: Schedule of Estimated Useful Lives of Asset Categories <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; width: 80%">Development costs</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 20%; text-align: right"><span id="xdx_908_eus-gaap--FiniteLivedIntangibleAssetUsefulLife_iI_dtY_c20260630__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--InProcessResearchAndDevelopmentMember_z1IpVIR7pQel" title="Estimated useful lives of asset">3 years</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap">Intangible assets excluding development costs</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_907_eus-gaap--FiniteLivedIntangibleAssetUsefulLife_iI_dtY_c20260630__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--IntangibleAssetsExcludingDevelopmentCostsMember_zqeWR1jaOn67" title="Estimated useful lives of asset">10 years</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap">Other intangible assets – core technology platforms</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_904_eus-gaap--FiniteLivedIntangibleAssetUsefulLife_iI_dtY_c20260630__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--OtherIntangibleAssetsCoreTechnologyPlatformsMember__srt--RangeAxis__srt--MinimumMember_zyRwDvpew09a" title="Estimated useful lives of asset">3 to <span id="xdx_908_eus-gaap--FiniteLivedIntangibleAssetUsefulLife_iI_dtY_c20260630__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--OtherIntangibleAssetsCoreTechnologyPlatformsMember__srt--RangeAxis__srt--MaximumMember_zT3B09Ubqz66" title="Estimated useful lives of asset">5 years</td></tr> </table> The Company follows the guidance in ASC 350-30. Costs incurred to renew, maintain, or extend the useful life of recognized intangible assets are generally expensed as incurred unless they meet the capitalization criteria under U.S. GAAP. Digital assets, including gold-backed digital assets and other blockchain-based digital tokens held by the Company, are accounted for as indefinite-lived intangible assets under ASC 350. Accordingly, these assets are not amortized but are evaluated for impairment at least annually, or more frequently whenever events or changes in circumstances indicate that it is more likely than not that the asset is impaired. When digital assets are exchanged for other digital assets or other consideration, the Company derecognizes the carrying amount of the assets surrendered and recognizes the assets received at the appropriate measurement basis in accordance with applicable U.S. GAAP. Any resulting gain or loss is recognized in the condensed consolidated statements of operations in the period the transaction occurs. Impairment losses recognized on indefinite-lived intangible assets are not subsequently reversed if the fair value of the assets later increases. <p id="xdx_840_eus-gaap--ImpairmentOrDisposalOfLongLivedAssetsIncludingIntangibleAssetsPolicyPolicyTextBlock_zM81yd5o4vsh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">Impairment Analysis for Long-lived Assets and Intangible Assets The Company evaluates its long-lived assets, including finite-lived intangible assets, for impairment in accordance with ASC 360, Property, Plant, and Equipment, whenever events or changes in circumstances indicate that the carrying amount of an asset or asset group may not be recoverable. Recoverability is assessed by comparing the carrying amount of the asset or asset group to the estimated undiscounted future cash flows expected to result from its use and eventual disposition. If the carrying amount is determined not to be recoverable, an impairment loss is recognized for the amount by which the carrying amount exceeds its fair value. Fair value is determined using appropriate valuation techniques, including discounted cash flow analyses, market-based approaches, quoted market prices, and independent third-party appraisals, as applicable. The Company’s indefinite-lived intangible assets, including digital assets, are accounted for in accordance with ASC 350, Intangibles—Goodwill and Other. These assets are not amortized but are evaluated for impairment annually, or more frequently if events or changes in circumstances indicate that it is more likely than not that the asset is impaired. Management considers both qualitative and quantitative factors when evaluating impairment, including market conditions, observable market prices, technological developments, regulatory changes, and other relevant events. If the carrying amount of an indefinite-lived intangible asset exceeds its fair value, the Company recognizes an impairment loss equal to the excess carrying amount. Once recognized, impairment losses are not subsequently reversed if the fair value of the asset increases. Management’s impairment analyses require the use of significant estimates and assumptions, including projected future cash flows, estimated useful lives, market conditions, and valuation inputs. Actual results may differ from these estimates and could materially affect the Company’s financial position and results of operations. Earnings Per Share The Company accounts for earnings per share (“EPS”) in accordance with FASB ASC Topic 260, Earnings Per Share. Basic earnings (loss) per share is computed by dividing net income (loss) attributable to common stockholders by the weighted-average number of common shares outstanding during the applicable reporting period. Diluted earnings (loss) per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. Potentially dilutive securities are included in the computation of diluted earnings per share using the if-converted method or the treasury stock method, as applicable, when their effect is dilutive. For certain convertible instruments with variable conversion features, the Company applies the applicable guidance under ASC 260 in determining the number of incremental shares to include in diluted earnings per share. For periods in which the Company reports a net loss, all potentially dilutive securities are excluded from the computation of diluted loss per share because their effect would be anti-dilutive. <p id="xdx_890_eus-gaap--ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock_zJQvu3s927Z3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; background-color: white">Potential common shares outstanding consisted of the following: Schedule of Anti-dilutive of Common Stock Equivalents <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49B_20260101__20260630_zj1ErwYWjF17" style="border-bottom: Black 1pt solid; text-align: center">June 30, 2026</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_498_20250101__20250630_zwvlmDYjpeq8" style="border-bottom: Black 1pt solid; text-align: center">June 30, 2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_409_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_hus-gaap--StatementClassOfStockAxis__us-gaap--SeriesAPreferredStockMember_zMCiCQWRvVxl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: justify">Series A preferred stock convertible into <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIEFudGktZGlsdXRpdmUgb2YgQ29tbW9uIFN0b2NrIEVxdWl2YWxlbnRzIChEZXRhaWxzKSAoUGFyZW50aGV0aWNhbCkA" id="xdx_90E_eus-gaap--PreferredStockConvertibleSharesIssuable_iI_c20260630__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesAPreferredStockMember_zYDiejZ0tNJg" title="Common stock issuable upon conversion">10,000 shares of common stock each</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">54,030,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">54,030,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_hus-gaap--StatementClassOfStockAxis__us-gaap--SeriesEPreferredStockMember_zqS5CIVdsU36" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Series E preferred stock convertible into <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIEFudGktZGlsdXRpdmUgb2YgQ29tbW9uIFN0b2NrIEVxdWl2YWxlbnRzIChEZXRhaWxzKSAoUGFyZW50aGV0aWNhbCkA" id="xdx_902_eus-gaap--PreferredStockConvertibleSharesIssuable_iI_c20260630__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesEPreferredStockMember_zKiKWXpVhMfa" title="Common stock issuable upon conversion">500 shares of common stock each</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,721,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_hus-gaap--StatementClassOfStockAxis__us-gaap--SeriesCPreferredStockMember_zwwJ8Z1WTJgi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Series C preferred stock convertible into <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIEFudGktZGlsdXRpdmUgb2YgQ29tbW9uIFN0b2NrIEVxdWl2YWxlbnRzIChEZXRhaWxzKSAoUGFyZW50aGV0aWNhbCkA" id="xdx_901_eus-gaap--PreferredStockConvertibleSharesIssuable_iI_c20260630__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesCPreferredStockMember_zg6OPmbv9V3g">20 shares of common stock each</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">11,900,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">14,900,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_hus-gaap--StatementClassOfStockAxis__us-gaap--ConvertibleNotesPayableMember_z779zfjU3nve" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 1pt">Convertible notes payable</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">7,657,959</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_zghfTpdElPEf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 2.5pt">Total common stock equivalents</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">75,308,959</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">68,930,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> For the three months ended June 30, 2026, the Company reported a net loss; therefore, all potentially dilutive securities were excluded from the computation of diluted loss per share because their inclusion would have been anti-dilutive. For the six months ended June 30, 2026, the Company reported net income. Accordingly, diluted earnings per share includes the effect of dilutive potential common shares as required under ASC 260. <p id="xdx_894_eus-gaap--ScheduleOfWeightedAverageNumberOfSharesTableTextBlock_zzr2LGPdkDJh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; background-color: white">The following table sets forth the computation of diluted weighted-average common shares for the six months ended June 30, 2026: Schedule of Diluted Weighted Average Common Shares <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49D_20260101__20260630_zY3TiZGjzOY7" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_zPWplwOpyasg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 80%; text-align: justify">Weighted-average common shares outstanding – basic</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">34,106,234</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_406_ecustom--IncrementalSharesFromCommonStockEquivalents_zZxZ7kHCZ1E" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 1pt">Incremental shares from common stock equivalents</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">75,308,959</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--WeightedAverageNumberDilutedSharesOutstandingAdjustment_zmJEo55o2Bve" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 2.5pt">Weighted-average common shares outstanding – diluted</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">109,415,193</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> Fair Value Measurements The Company accounts for fair value measurements in accordance with FASB ASC Topic 820, Fair Value Measurement. ASC 820 defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. 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. ASC 820 establishes a fair value hierarchy that prioritizes the inputs used in measuring fair value. Observable inputs are based on market data obtained from independent sources, while unobservable inputs reflect management’s assumptions about the assumptions market participants would use in pricing an asset or liability. The Company maximizes the use of observable inputs and minimizes the use of unobservable inputs when measuring fair value. The three levels of the fair value hierarchy are as follows: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in">Level 1 </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Quoted prices in active markets for identical assets or liabilities that the Company has an ability to access as of the measurement date.</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif">Level 2</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Inputs that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the same term of the assets or liabilities.</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif">Level 3</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.</td></tr> </table> A financial instrument’s categorization within the fair value hierarchy is based on the lowest level input that is significant to the fair value measurement. The carrying amounts of cash, other receivables, due from related party, prepaid expenses, accrued expenses, due to related parties, and other current liabilities approximate fair value because of the short-term nature of these instruments. The carrying amounts of notes payable and convertible notes payable also approximate fair value due to their relatively short maturities or because the stated interest rates approximate current market rates for similar instruments. The Company’s derivative liabilities associated with certain convertible notes are measured at fair value on a recurring basis and are classified as Level 3 within the fair value hierarchy because the valuation incorporates significant unobservable inputs, including assumptions regarding expected volatility, expected term, risk-free interest rates, conversion features, and other factors. The derivative liabilities are remeasured at fair value at each reporting date, with changes in fair value recognized in the accompanying condensed consolidated statements of operations. See Note 10 – Convertible Promissory Notes and Embedded Derivative Liabilities for additional information. <p id="xdx_890_eus-gaap--FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock_zem7K40hEaNe" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">The following table provides a summary of the fair value of the Company’s derivative liabilities as of June 30, 2026 and December 31, 2025: Schedule of fair value of derivative liabilities <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="10" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair value measurements on a recurring basis</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Level 1</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Level 2</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Level 3</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">As of June 30, 2026:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 46%; text-align: justify; padding-bottom: 1pt">Derivative liabilities</td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td id="xdx_98F_eus-gaap--LiabilitiesFairValueDisclosure_iI_c20260630__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zUKHYxZjyRh7" style="border-bottom: Black 1pt solid; width: 14%; text-align: right" title="Derivative liabilities">-</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td id="xdx_989_eus-gaap--LiabilitiesFairValueDisclosure_iI_c20260630__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_z5Wnl2H20TKd" style="border-bottom: Black 1pt solid; width: 14%; text-align: right" title="Derivative liabilities">-</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td id="xdx_981_eus-gaap--LiabilitiesFairValueDisclosure_iI_c20260630__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zYKoz3vTFVWi" style="border-bottom: Black 1pt solid; width: 14%; text-align: right" title="Derivative liabilities">878,021</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">As of December 31, 2025:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1pt">Derivative liabilities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_989_eus-gaap--LiabilitiesFairValueDisclosure_iI_c20251231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zPJWRib6IwC7" style="border-bottom: Black 1pt solid; text-align: right" title="Derivative liabilities">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_980_eus-gaap--LiabilitiesFairValueDisclosure_iI_c20251231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zgqVmUhF2E8j" style="border-bottom: Black 1pt solid; text-align: right" title="Derivative liabilities">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_988_eus-gaap--LiabilitiesFairValueDisclosure_iI_c20251231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zYwIXxjS4Qph" style="border-bottom: Black 1pt solid; text-align: right" title="Derivative liabilities">156,644</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> Income Taxes The Company accounts for income taxes in accordance with FASB ASC Topic 740, Income Taxes. Income taxes consist of current taxes payable and deferred taxes. Deferred tax assets and liabilities are recognized for the expected future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, as well as operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The Company evaluates the realizability of its deferred tax assets on a quarterly basis and establishes a valuation allowance when, based on the weight of available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized. The Company recognizes the financial statement benefit of a tax position only when it is more likely than not that the position will be sustained upon examination by the applicable taxing authorities based on the technical merits of the position. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is greater than 50 percent likely of being realized upon ultimate settlement with the taxing authority. The Company recognizes interest and penalties related to uncertain tax positions, if any, as a component of income tax expense. For the three and six months ended June 30, 2026 and 2025, the Company did not recognize any liabilities for uncertain tax positions under ASC 740, nor did it recognize any interest or penalties related to uncertain tax positions. Contingencies Accounting guidance requires that the Company record an estimated loss from a loss contingency when information available prior to issuance of the condensed consolidated financial statements indicates that it is probable that an asset has been impaired or a liability has been incurred at the date of the financial statements and the amount of the loss can be reasonably estimated. Accounting for contingencies such as legal matters requires significant judgment. Many of these legal matters can take years to resolve. Generally, as the time period increases over which the uncertainties are resolved, the likelihood of changes to the estimate of the ultimate outcome increases. Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents maintained at financial institutions. The Company places its cash deposits with high-credit-quality financial institutions that management believes are creditworthy. Cash balances maintained at financial institutions may, at times, exceed the Federal Deposit Insurance Corporation (“FDIC”) insurance limit of $250,000 per depositor, per insured bank. As of June 30, 2026, the Company maintained cash balances in excess of federally insured limits. Management believes that the credit risk associated with these deposits is minimal due to the financial strength of the institutions where the funds are held. The Company generally does not extend significant credit to customers in the ordinary course of business. The Company monitors the creditworthiness of its counterparties and establishes allowances for expected credit losses when considered necessary based on historical experience, current economic conditions, and other relevant factors. As of June 30, 2026 and December 31, 2025, management believed that no allowance for credit losses was required. Segment Reporting The Company accounts for segment reporting in accordance with FASB ASC Topic 280, Segment Reporting. Operating segments are identified based on the manner in which the Company’s Chief Operating Decision Maker (“CODM”) evaluates financial information for purposes of allocating resources and assessing performance. Advertising Advertising and marketing costs are expensed as incurred and are included in selling, general and administrative expenses in the accompanying condensed consolidated statements of operations. The Company incurred $0 and $13,936 of advertising and marketing expense during the three months ended June 30, 2026 and 2025, respectively, and $0 and $50,836 during the six months ended June 30, 2026 and 2025, respectively. Employee Stock Based Compensation The Company accounts for share-based compensation in accordance with FASB ASC Topic 718, Compensation—Stock Compensation, which requires the measurement and recognition of compensation expense for all share-based payment awards made to employees and nonemployees based on the grant-date fair value of the awards. Share-based compensation expense is recognized over the requisite service period of the award, generally on a straight-line basis for awards that vest based solely on service conditions. The Company accounts for forfeitures as they occur. The fair value of stock options is estimated on the grant date using the Black-Scholes option pricing model, which requires management to make assumptions regarding the expected term of the award, expected stock price volatility, the risk-free interest rate, expected dividend yield, and other relevant factors. Because the Company has limited historical trading data, expected volatility is estimated using the historical volatility of comparable publicly traded companies when appropriate. The expected term of stock options is estimated based on the contractual term of the award and expected exercise behavior. Changes in the assumptions used to estimate the grant-date fair value of share-based awards could have a material effect on the amount of stock-based compensation expense recognized in future periods. Recently Issued Accounting Pronouncements In November 2024, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2024-03, Income Statement—Reporting Comprehensive Income (Subtopic 220-40): Disaggregation of Income Statement Expenses. ASU 2024-03 requires public business entities to provide additional disclosures, in tabular form, about specified natural expense categories, including employee compensation, depreciation, amortization, and inventory or transaction-related costs, within relevant income statement captions. The standard is effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods within annual reporting periods beginning after December 15, 2027. Early adoption is permitted. The Company has not elected early adoption and is currently evaluating the impact that the adoption of ASU 2024-03 will have on its consolidated financial statement disclosures. The Company does not expect the adoption of this standard to have a material impact on its consolidated financial position, results of operations, or cash flows, although it expects the standard will require expanded financial statement disclosures. Management has reviewed other recently issued accounting pronouncements issued by the FASB through the date these condensed consolidated financial statements were available to be issued and determined that, other than the standard discussed above, there are no recently issued accounting pronouncements that are expected to have a material impact on the Company’s condensed consolidated financial statements.

Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared by management in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Certain information and note disclosures normally included in audited financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such rules and regulations, although management believes that the disclosures made are adequate to make the information presented not misleading. In the opinion of management, the accompanying unaudited condensed consolidated financial statements include all normal recurring adjustments considered necessary for a fair presentation of the Company’s financial position as of June 30, 2026, the results of operations for the three and six months ended June 30, 2026 and 2025, and cash flows for the six months ended June 30, 2026 and 2025. Interim results are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2026 or any future interim period. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025.

Basis of Consolidation The consolidated financial statements include the accounts of I-On Digital Corp. and its wholly owned subsidiary Orebits Corp, (collectively, the Company). All significant intercompany transactions and balances have been eliminated in consolidation. Subsidiaries are entities over which the Company has control, typically through a majority voting interest. The Company consolidates entities in which it holds a controlling financial interest, as defined by Accounting Standards Codification (ASC) 810, Consolidation.

Going Concern The accompanying condensed consolidated financial statements have been prepared assuming the Company will continue as a going concern. For the six months ended June 30, 2026, the Company reported net income of $3,584,107, primarily attributable to the gain recognized on the exchange of intangible assets and the gain on settlement of debt. These gains are non-recurring in nature and do not represent the results of the Company’s core operating activities. The Company continued to incur operating losses from its principal business activities and used approximately $0.8 million of cash in operating activities during the six months ended June 30, 2026. As of June 30, 2026, the Company had a working capital deficiency of approximately $4.59 million, continued to rely on related-party financing and third-party borrowings to fund operations, and had an accumulated deficit of approximately $4.71 million. These conditions continue to raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date these financial statements are issued. Management continues to focus on expanding commercialization of its digital asset platform, developing additional revenue-generating opportunities, and obtaining additional financing through private placements and strategic financing arrangements. The Company also expects continued financial support from certain related parties as needed. However, there can be no assurance that additional financing or related-party support will be available on acceptable terms, or at all. Accordingly, the accompanying condensed consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

3584107

-800000

4590000

-4710000

Use of Estimates in the Preparation of Financial Statements The preparation of the financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting periods. As a result, actual results could materially differ from these estimates.

Revenue Recognition The Company recognizes revenue in accordance with ASC 606 for contracts with customers. The core principle of ASC 606 is that revenue should be recognized to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the Company expects to be entitled. The Company applies the following five-step model: (i) identification of the contract with a customer; (ii) identification of performance obligations; (iii) determination of the transaction price; (iv) allocation of the transaction price to performance obligations; and (v) recognition of revenue when or as performance obligations are satisfied. The Company’s revenue during the six months ended June 30, 2026 consisted of fees earned under its Master Treasury Lease and Custody Agreement (“MTLCA”) with GGBR Inc. (“GGBR”). Under the MTLCA arrangement, the Company, performing in its role as the Lessor under the MTLCA, enables GGBR’s minting, issuance, and management of gold-backed digital tokens (“Goldfish Tokens”) by providing its ION.au Gold-backed Digital Assets (“ION.au”) as collateral to back the Goldfish Tokens. Under the MTLCA the Company’s single performance obligation is to provide vault access to the ION.au, however, the Company earns royalties on GGBR’s sales of Goldfish Tokens, therefore revenue is recognized when Goldfish Tokens are sold by GGBR, at the point when the Company is entitled to receive consideration. Consideration received in advance of Goldfish Token sales is recorded as a contract liability and recognized as revenue when the Company is entitled to receive consideration. During the three months ended June 30, 2026, the Company did not recognize any revenue under the Master Treasury Lease and Custody Agreement (“MTLCA”). For the six months ended June 30, 2026, the Company recognized $<span id="xdx_90E_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pp0p0_c20260101__20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__us-gaap--RelatedPartyMember_zZtAaFPHev08" title="Revenue">27,000 of revenue under the MTLCA. As of June 30, 2026 and December 31, 2025, the Company had no accounts receivable related to the MTLCA and recorded deferred revenue of $0 and $460, respectively.

27000

460

Digital Asset Yield Income The Company recognizes income earned from contractual participation in digital asset treasury and decentralized finance (“DeFi”) yield-generating arrangements as other income, as such income is not derived from contracts with customers and is therefore outside the scope of ASC Topic 606, Revenue from Contracts with Customers. Yield income is recognized when earned based on the Company’s contractual rights under the applicable agreements. Amounts earned but not yet received are recorded as other receivables.

Cash and Cash Equivalents The Company considers all money market funds and highly liquid investments with original maturities of three months or less to be cash equivalents. As of June 30, 2026 and December 31, 2025, the Company had no cash equivalents.

Intangible Assets Intangible assets represent non-physical assets that lack physical substance but have economic value. The Company’s intangible assets primarily consist of internally developed software, technology platforms, and digital assets, including gold-backed digital assets and related digital tokens. Intangible assets are recorded at cost, fair value, or historical cost, as appropriate. Fair value is used when assets are acquired from parties not under common control, while historical cost is used for assets acquired from entities under common control. Intangible assets with finite useful lives are amortized on a straight-line basis over their estimated useful lives. The estimated useful lives of the respective asset categories are as follows: Schedule of Estimated Useful Lives of Asset Categories <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; width: 80%">Development costs</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 20%; text-align: right"><span id="xdx_908_eus-gaap--FiniteLivedIntangibleAssetUsefulLife_iI_dtY_c20260630__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--InProcessResearchAndDevelopmentMember_z1IpVIR7pQel" title="Estimated useful lives of asset">3 years</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap">Intangible assets excluding development costs</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_907_eus-gaap--FiniteLivedIntangibleAssetUsefulLife_iI_dtY_c20260630__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--IntangibleAssetsExcludingDevelopmentCostsMember_zqeWR1jaOn67" title="Estimated useful lives of asset">10 years</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap">Other intangible assets – core technology platforms</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_904_eus-gaap--FiniteLivedIntangibleAssetUsefulLife_iI_dtY_c20260630__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--OtherIntangibleAssetsCoreTechnologyPlatformsMember__srt--RangeAxis__srt--MinimumMember_zyRwDvpew09a" title="Estimated useful lives of asset">3 to <span id="xdx_908_eus-gaap--FiniteLivedIntangibleAssetUsefulLife_iI_dtY_c20260630__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--OtherIntangibleAssetsCoreTechnologyPlatformsMember__srt--RangeAxis__srt--MaximumMember_zT3B09Ubqz66" title="Estimated useful lives of asset">5 years</td></tr> </table> The Company follows the guidance in ASC 350-30. Costs incurred to renew, maintain, or extend the useful life of recognized intangible assets are generally expensed as incurred unless they meet the capitalization criteria under U.S. GAAP. Digital assets, including gold-backed digital assets and other blockchain-based digital tokens held by the Company, are accounted for as indefinite-lived intangible assets under ASC 350. Accordingly, these assets are not amortized but are evaluated for impairment at least annually, or more frequently whenever events or changes in circumstances indicate that it is more likely than not that the asset is impaired. When digital assets are exchanged for other digital assets or other consideration, the Company derecognizes the carrying amount of the assets surrendered and recognizes the assets received at the appropriate measurement basis in accordance with applicable U.S. GAAP. Any resulting gain or loss is recognized in the condensed consolidated statements of operations in the period the transaction occurs. Impairment losses recognized on indefinite-lived intangible assets are not subsequently reversed if the fair value of the assets later increases.

The estimated useful lives of the respective asset categories are as follows: Schedule of Estimated Useful Lives of Asset Categories <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; width: 80%">Development costs</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 20%; text-align: right"><span id="xdx_908_eus-gaap--FiniteLivedIntangibleAssetUsefulLife_iI_dtY_c20260630__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--InProcessResearchAndDevelopmentMember_z1IpVIR7pQel" title="Estimated useful lives of asset">3 years</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap">Intangible assets excluding development costs</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_907_eus-gaap--FiniteLivedIntangibleAssetUsefulLife_iI_dtY_c20260630__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--IntangibleAssetsExcludingDevelopmentCostsMember_zqeWR1jaOn67" title="Estimated useful lives of asset">10 years</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap">Other intangible assets – core technology platforms</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_904_eus-gaap--FiniteLivedIntangibleAssetUsefulLife_iI_dtY_c20260630__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--OtherIntangibleAssetsCoreTechnologyPlatformsMember__srt--RangeAxis__srt--MinimumMember_zyRwDvpew09a" title="Estimated useful lives of asset">3 to <span id="xdx_908_eus-gaap--FiniteLivedIntangibleAssetUsefulLife_iI_dtY_c20260630__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--OtherIntangibleAssetsCoreTechnologyPlatformsMember__srt--RangeAxis__srt--MaximumMember_zT3B09Ubqz66" title="Estimated useful lives of asset">5 years</td></tr> </table>

P3Y

P10Y

P3Y

P5Y

<p id="xdx_840_eus-gaap--ImpairmentOrDisposalOfLongLivedAssetsIncludingIntangibleAssetsPolicyPolicyTextBlock_zM81yd5o4vsh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">Impairment Analysis for Long-lived Assets and Intangible Assets The Company evaluates its long-lived assets, including finite-lived intangible assets, for impairment in accordance with ASC 360, Property, Plant, and Equipment, whenever events or changes in circumstances indicate that the carrying amount of an asset or asset group may not be recoverable. Recoverability is assessed by comparing the carrying amount of the asset or asset group to the estimated undiscounted future cash flows expected to result from its use and eventual disposition. If the carrying amount is determined not to be recoverable, an impairment loss is recognized for the amount by which the carrying amount exceeds its fair value. Fair value is determined using appropriate valuation techniques, including discounted cash flow analyses, market-based approaches, quoted market prices, and independent third-party appraisals, as applicable. The Company’s indefinite-lived intangible assets, including digital assets, are accounted for in accordance with ASC 350, Intangibles—Goodwill and Other. These assets are not amortized but are evaluated for impairment annually, or more frequently if events or changes in circumstances indicate that it is more likely than not that the asset is impaired. Management considers both qualitative and quantitative factors when evaluating impairment, including market conditions, observable market prices, technological developments, regulatory changes, and other relevant events. If the carrying amount of an indefinite-lived intangible asset exceeds its fair value, the Company recognizes an impairment loss equal to the excess carrying amount. Once recognized, impairment losses are not subsequently reversed if the fair value of the asset increases. Management’s impairment analyses require the use of significant estimates and assumptions, including projected future cash flows, estimated useful lives, market conditions, and valuation inputs. Actual results may differ from these estimates and could materially affect the Company’s financial position and results of operations.

Earnings Per Share The Company accounts for earnings per share (“EPS”) in accordance with FASB ASC Topic 260, Earnings Per Share. Basic earnings (loss) per share is computed by dividing net income (loss) attributable to common stockholders by the weighted-average number of common shares outstanding during the applicable reporting period. Diluted earnings (loss) per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. Potentially dilutive securities are included in the computation of diluted earnings per share using the if-converted method or the treasury stock method, as applicable, when their effect is dilutive. For certain convertible instruments with variable conversion features, the Company applies the applicable guidance under ASC 260 in determining the number of incremental shares to include in diluted earnings per share. For periods in which the Company reports a net loss, all potentially dilutive securities are excluded from the computation of diluted loss per share because their effect would be anti-dilutive. <p id="xdx_890_eus-gaap--ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock_zJQvu3s927Z3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; background-color: white">Potential common shares outstanding consisted of the following: Schedule of Anti-dilutive of Common Stock Equivalents <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49B_20260101__20260630_zj1ErwYWjF17" style="border-bottom: Black 1pt solid; text-align: center">June 30, 2026</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_498_20250101__20250630_zwvlmDYjpeq8" style="border-bottom: Black 1pt solid; text-align: center">June 30, 2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_409_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_hus-gaap--StatementClassOfStockAxis__us-gaap--SeriesAPreferredStockMember_zMCiCQWRvVxl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: justify">Series A preferred stock convertible into <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIEFudGktZGlsdXRpdmUgb2YgQ29tbW9uIFN0b2NrIEVxdWl2YWxlbnRzIChEZXRhaWxzKSAoUGFyZW50aGV0aWNhbCkA" id="xdx_90E_eus-gaap--PreferredStockConvertibleSharesIssuable_iI_c20260630__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesAPreferredStockMember_zYDiejZ0tNJg" title="Common stock issuable upon conversion">10,000 shares of common stock each</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">54,030,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">54,030,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_hus-gaap--StatementClassOfStockAxis__us-gaap--SeriesEPreferredStockMember_zqS5CIVdsU36" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Series E preferred stock convertible into <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIEFudGktZGlsdXRpdmUgb2YgQ29tbW9uIFN0b2NrIEVxdWl2YWxlbnRzIChEZXRhaWxzKSAoUGFyZW50aGV0aWNhbCkA" id="xdx_902_eus-gaap--PreferredStockConvertibleSharesIssuable_iI_c20260630__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesEPreferredStockMember_zKiKWXpVhMfa" title="Common stock issuable upon conversion">500 shares of common stock each</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,721,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_hus-gaap--StatementClassOfStockAxis__us-gaap--SeriesCPreferredStockMember_zwwJ8Z1WTJgi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Series C preferred stock convertible into <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIEFudGktZGlsdXRpdmUgb2YgQ29tbW9uIFN0b2NrIEVxdWl2YWxlbnRzIChEZXRhaWxzKSAoUGFyZW50aGV0aWNhbCkA" id="xdx_901_eus-gaap--PreferredStockConvertibleSharesIssuable_iI_c20260630__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesCPreferredStockMember_zg6OPmbv9V3g">20 shares of common stock each</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">11,900,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">14,900,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_hus-gaap--StatementClassOfStockAxis__us-gaap--ConvertibleNotesPayableMember_z779zfjU3nve" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 1pt">Convertible notes payable</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">7,657,959</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_zghfTpdElPEf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 2.5pt">Total common stock equivalents</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">75,308,959</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">68,930,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> For the three months ended June 30, 2026, the Company reported a net loss; therefore, all potentially dilutive securities were excluded from the computation of diluted loss per share because their inclusion would have been anti-dilutive. For the six months ended June 30, 2026, the Company reported net income. Accordingly, diluted earnings per share includes the effect of dilutive potential common shares as required under ASC 260. <p id="xdx_894_eus-gaap--ScheduleOfWeightedAverageNumberOfSharesTableTextBlock_zzr2LGPdkDJh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; background-color: white">The following table sets forth the computation of diluted weighted-average common shares for the six months ended June 30, 2026: Schedule of Diluted Weighted Average Common Shares <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49D_20260101__20260630_zY3TiZGjzOY7" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_zPWplwOpyasg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 80%; text-align: justify">Weighted-average common shares outstanding – basic</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">34,106,234</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_406_ecustom--IncrementalSharesFromCommonStockEquivalents_zZxZ7kHCZ1E" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 1pt">Incremental shares from common stock equivalents</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">75,308,959</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--WeightedAverageNumberDilutedSharesOutstandingAdjustment_zmJEo55o2Bve" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 2.5pt">Weighted-average common shares outstanding – diluted</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">109,415,193</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

<p id="xdx_890_eus-gaap--ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock_zJQvu3s927Z3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; background-color: white">Potential common shares outstanding consisted of the following: Schedule of Anti-dilutive of Common Stock Equivalents <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49B_20260101__20260630_zj1ErwYWjF17" style="border-bottom: Black 1pt solid; text-align: center">June 30, 2026</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_498_20250101__20250630_zwvlmDYjpeq8" style="border-bottom: Black 1pt solid; text-align: center">June 30, 2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_409_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_hus-gaap--StatementClassOfStockAxis__us-gaap--SeriesAPreferredStockMember_zMCiCQWRvVxl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: justify">Series A preferred stock convertible into <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIEFudGktZGlsdXRpdmUgb2YgQ29tbW9uIFN0b2NrIEVxdWl2YWxlbnRzIChEZXRhaWxzKSAoUGFyZW50aGV0aWNhbCkA" id="xdx_90E_eus-gaap--PreferredStockConvertibleSharesIssuable_iI_c20260630__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesAPreferredStockMember_zYDiejZ0tNJg" title="Common stock issuable upon conversion">10,000 shares of common stock each</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">54,030,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">54,030,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_hus-gaap--StatementClassOfStockAxis__us-gaap--SeriesEPreferredStockMember_zqS5CIVdsU36" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Series E preferred stock convertible into <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIEFudGktZGlsdXRpdmUgb2YgQ29tbW9uIFN0b2NrIEVxdWl2YWxlbnRzIChEZXRhaWxzKSAoUGFyZW50aGV0aWNhbCkA" id="xdx_902_eus-gaap--PreferredStockConvertibleSharesIssuable_iI_c20260630__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesEPreferredStockMember_zKiKWXpVhMfa" title="Common stock issuable upon conversion">500 shares of common stock each</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,721,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_hus-gaap--StatementClassOfStockAxis__us-gaap--SeriesCPreferredStockMember_zwwJ8Z1WTJgi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Series C preferred stock convertible into <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIEFudGktZGlsdXRpdmUgb2YgQ29tbW9uIFN0b2NrIEVxdWl2YWxlbnRzIChEZXRhaWxzKSAoUGFyZW50aGV0aWNhbCkA" id="xdx_901_eus-gaap--PreferredStockConvertibleSharesIssuable_iI_c20260630__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesCPreferredStockMember_zg6OPmbv9V3g">20 shares of common stock each</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">11,900,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">14,900,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_hus-gaap--StatementClassOfStockAxis__us-gaap--ConvertibleNotesPayableMember_z779zfjU3nve" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 1pt">Convertible notes payable</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">7,657,959</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_zghfTpdElPEf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 2.5pt">Total common stock equivalents</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">75,308,959</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">68,930,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

10000

54030000

500

1721000

11900000

14900000

7657959

75308959

68930000

<p id="xdx_894_eus-gaap--ScheduleOfWeightedAverageNumberOfSharesTableTextBlock_zzr2LGPdkDJh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; background-color: white">The following table sets forth the computation of diluted weighted-average common shares for the six months ended June 30, 2026: Schedule of Diluted Weighted Average Common Shares <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49D_20260101__20260630_zY3TiZGjzOY7" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_zPWplwOpyasg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 80%; text-align: justify">Weighted-average common shares outstanding – basic</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">34,106,234</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_406_ecustom--IncrementalSharesFromCommonStockEquivalents_zZxZ7kHCZ1E" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 1pt">Incremental shares from common stock equivalents</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">75,308,959</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--WeightedAverageNumberDilutedSharesOutstandingAdjustment_zmJEo55o2Bve" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 2.5pt">Weighted-average common shares outstanding – diluted</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">109,415,193</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

34106234

75308959

109415193

Fair Value Measurements The Company accounts for fair value measurements in accordance with FASB ASC Topic 820, Fair Value Measurement. ASC 820 defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. 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. ASC 820 establishes a fair value hierarchy that prioritizes the inputs used in measuring fair value. Observable inputs are based on market data obtained from independent sources, while unobservable inputs reflect management’s assumptions about the assumptions market participants would use in pricing an asset or liability. The Company maximizes the use of observable inputs and minimizes the use of unobservable inputs when measuring fair value. The three levels of the fair value hierarchy are as follows: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in">Level 1 </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Quoted prices in active markets for identical assets or liabilities that the Company has an ability to access as of the measurement date.</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif">Level 2</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Inputs that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the same term of the assets or liabilities.</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif">Level 3</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.</td></tr> </table> A financial instrument’s categorization within the fair value hierarchy is based on the lowest level input that is significant to the fair value measurement. The carrying amounts of cash, other receivables, due from related party, prepaid expenses, accrued expenses, due to related parties, and other current liabilities approximate fair value because of the short-term nature of these instruments. The carrying amounts of notes payable and convertible notes payable also approximate fair value due to their relatively short maturities or because the stated interest rates approximate current market rates for similar instruments. The Company’s derivative liabilities associated with certain convertible notes are measured at fair value on a recurring basis and are classified as Level 3 within the fair value hierarchy because the valuation incorporates significant unobservable inputs, including assumptions regarding expected volatility, expected term, risk-free interest rates, conversion features, and other factors. The derivative liabilities are remeasured at fair value at each reporting date, with changes in fair value recognized in the accompanying condensed consolidated statements of operations. See Note 10 – Convertible Promissory Notes and Embedded Derivative Liabilities for additional information. <p id="xdx_890_eus-gaap--FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock_zem7K40hEaNe" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">The following table provides a summary of the fair value of the Company’s derivative liabilities as of June 30, 2026 and December 31, 2025: Schedule of fair value of derivative liabilities <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="10" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair value measurements on a recurring basis</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Level 1</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Level 2</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Level 3</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">As of June 30, 2026:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 46%; text-align: justify; padding-bottom: 1pt">Derivative liabilities</td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td id="xdx_98F_eus-gaap--LiabilitiesFairValueDisclosure_iI_c20260630__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zUKHYxZjyRh7" style="border-bottom: Black 1pt solid; width: 14%; text-align: right" title="Derivative liabilities">-</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td id="xdx_989_eus-gaap--LiabilitiesFairValueDisclosure_iI_c20260630__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_z5Wnl2H20TKd" style="border-bottom: Black 1pt solid; width: 14%; text-align: right" title="Derivative liabilities">-</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td id="xdx_981_eus-gaap--LiabilitiesFairValueDisclosure_iI_c20260630__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zYKoz3vTFVWi" style="border-bottom: Black 1pt solid; width: 14%; text-align: right" title="Derivative liabilities">878,021</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">As of December 31, 2025:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1pt">Derivative liabilities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_989_eus-gaap--LiabilitiesFairValueDisclosure_iI_c20251231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zPJWRib6IwC7" style="border-bottom: Black 1pt solid; text-align: right" title="Derivative liabilities">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_980_eus-gaap--LiabilitiesFairValueDisclosure_iI_c20251231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zgqVmUhF2E8j" style="border-bottom: Black 1pt solid; text-align: right" title="Derivative liabilities">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_988_eus-gaap--LiabilitiesFairValueDisclosure_iI_c20251231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zYwIXxjS4Qph" style="border-bottom: Black 1pt solid; text-align: right" title="Derivative liabilities">156,644</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table>

<p id="xdx_890_eus-gaap--FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock_zem7K40hEaNe" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">The following table provides a summary of the fair value of the Company’s derivative liabilities as of June 30, 2026 and December 31, 2025: Schedule of fair value of derivative liabilities <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="10" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair value measurements on a recurring basis</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Level 1</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Level 2</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Level 3</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">As of June 30, 2026:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 46%; text-align: justify; padding-bottom: 1pt">Derivative liabilities</td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td id="xdx_98F_eus-gaap--LiabilitiesFairValueDisclosure_iI_c20260630__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zUKHYxZjyRh7" style="border-bottom: Black 1pt solid; width: 14%; text-align: right" title="Derivative liabilities">-</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td id="xdx_989_eus-gaap--LiabilitiesFairValueDisclosure_iI_c20260630__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_z5Wnl2H20TKd" style="border-bottom: Black 1pt solid; width: 14%; text-align: right" title="Derivative liabilities">-</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td id="xdx_981_eus-gaap--LiabilitiesFairValueDisclosure_iI_c20260630__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zYKoz3vTFVWi" style="border-bottom: Black 1pt solid; width: 14%; text-align: right" title="Derivative liabilities">878,021</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">As of December 31, 2025:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1pt">Derivative liabilities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_989_eus-gaap--LiabilitiesFairValueDisclosure_iI_c20251231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zPJWRib6IwC7" style="border-bottom: Black 1pt solid; text-align: right" title="Derivative liabilities">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_980_eus-gaap--LiabilitiesFairValueDisclosure_iI_c20251231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zgqVmUhF2E8j" style="border-bottom: Black 1pt solid; text-align: right" title="Derivative liabilities">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_988_eus-gaap--LiabilitiesFairValueDisclosure_iI_c20251231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zYwIXxjS4Qph" style="border-bottom: Black 1pt solid; text-align: right" title="Derivative liabilities">156,644</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table>

878021

156644

Income Taxes The Company accounts for income taxes in accordance with FASB ASC Topic 740, Income Taxes. Income taxes consist of current taxes payable and deferred taxes. Deferred tax assets and liabilities are recognized for the expected future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, as well as operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The Company evaluates the realizability of its deferred tax assets on a quarterly basis and establishes a valuation allowance when, based on the weight of available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized. The Company recognizes the financial statement benefit of a tax position only when it is more likely than not that the position will be sustained upon examination by the applicable taxing authorities based on the technical merits of the position. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is greater than 50 percent likely of being realized upon ultimate settlement with the taxing authority. The Company recognizes interest and penalties related to uncertain tax positions, if any, as a component of income tax expense. For the three and six months ended June 30, 2026 and 2025, the Company did not recognize any liabilities for uncertain tax positions under ASC 740, nor did it recognize any interest or penalties related to uncertain tax positions.

Contingencies Accounting guidance requires that the Company record an estimated loss from a loss contingency when information available prior to issuance of the condensed consolidated financial statements indicates that it is probable that an asset has been impaired or a liability has been incurred at the date of the financial statements and the amount of the loss can be reasonably estimated. Accounting for contingencies such as legal matters requires significant judgment. Many of these legal matters can take years to resolve. Generally, as the time period increases over which the uncertainties are resolved, the likelihood of changes to the estimate of the ultimate outcome increases.

Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents maintained at financial institutions. The Company places its cash deposits with high-credit-quality financial institutions that management believes are creditworthy. Cash balances maintained at financial institutions may, at times, exceed the Federal Deposit Insurance Corporation (“FDIC”) insurance limit of $250,000 per depositor, per insured bank. As of June 30, 2026, the Company maintained cash balances in excess of federally insured limits. Management believes that the credit risk associated with these deposits is minimal due to the financial strength of the institutions where the funds are held. The Company generally does not extend significant credit to customers in the ordinary course of business. The Company monitors the creditworthiness of its counterparties and establishes allowances for expected credit losses when considered necessary based on historical experience, current economic conditions, and other relevant factors. As of June 30, 2026 and December 31, 2025, management believed that no allowance for credit losses was required.

250000

Segment Reporting The Company accounts for segment reporting in accordance with FASB ASC Topic 280, Segment Reporting. Operating segments are identified based on the manner in which the Company’s Chief Operating Decision Maker (“CODM”) evaluates financial information for purposes of allocating resources and assessing performance.

Advertising Advertising and marketing costs are expensed as incurred and are included in selling, general and administrative expenses in the accompanying condensed consolidated statements of operations. The Company incurred $0 and $13,936 of advertising and marketing expense during the three months ended June 30, 2026 and 2025, respectively, and $0 and $50,836 during the six months ended June 30, 2026 and 2025, respectively.

13936

50836

Employee Stock Based Compensation The Company accounts for share-based compensation in accordance with FASB ASC Topic 718, Compensation—Stock Compensation, which requires the measurement and recognition of compensation expense for all share-based payment awards made to employees and nonemployees based on the grant-date fair value of the awards. Share-based compensation expense is recognized over the requisite service period of the award, generally on a straight-line basis for awards that vest based solely on service conditions. The Company accounts for forfeitures as they occur. The fair value of stock options is estimated on the grant date using the Black-Scholes option pricing model, which requires management to make assumptions regarding the expected term of the award, expected stock price volatility, the risk-free interest rate, expected dividend yield, and other relevant factors. Because the Company has limited historical trading data, expected volatility is estimated using the historical volatility of comparable publicly traded companies when appropriate. The expected term of stock options is estimated based on the contractual term of the award and expected exercise behavior. Changes in the assumptions used to estimate the grant-date fair value of share-based awards could have a material effect on the amount of stock-based compensation expense recognized in future periods.

Recently Issued Accounting Pronouncements In November 2024, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2024-03, Income Statement—Reporting Comprehensive Income (Subtopic 220-40): Disaggregation of Income Statement Expenses. ASU 2024-03 requires public business entities to provide additional disclosures, in tabular form, about specified natural expense categories, including employee compensation, depreciation, amortization, and inventory or transaction-related costs, within relevant income statement captions. The standard is effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods within annual reporting periods beginning after December 15, 2027. Early adoption is permitted. The Company has not elected early adoption and is currently evaluating the impact that the adoption of ASU 2024-03 will have on its consolidated financial statement disclosures. The Company does not expect the adoption of this standard to have a material impact on its consolidated financial position, results of operations, or cash flows, although it expects the standard will require expanded financial statement disclosures. Management has reviewed other recently issued accounting pronouncements issued by the FASB through the date these condensed consolidated financial statements were available to be issued and determined that, other than the standard discussed above, there are no recently issued accounting pronouncements that are expected to have a material impact on the Company’s condensed consolidated financial statements.

NOTE 3. Treasury Lease and Custody Agreement In July 2025, the Company entered into a Master Treasury Lease and Custody Agreement (“MTLCA”) with GGBR Inc. Under the agreement, GGBR leases from the Company up to 1,000,000 ION.au gold-backed digital assets in connection with GGBR’s issuance of tokenized digital assets. The arrangement supports GGBR’s digital treasury operations and proprietary tokenization platform. The Company’s fulfillment obligations may be satisfied using ION.au held directly by the Company or ION.au controlled under management agreements with third parties. Pursuant to the MTLCA, the Company retains ownership and/or management control of the underlying ION.au digital assets throughout the lease term. Accordingly, the leased digital assets continue to be recognized by the Company, and GGBR does not record the leased ION.au as assets on its balance sheet. GGBR is responsible for the minting, issuance, and redemption of Goldfish Tokens and compensates the Company based on an agreed percentage of Goldfish Token sales generated under the arrangement. Consideration under the MTLCA may be received in both cash and in-kind. Goldfish Tokens earned by the Company are immediately loaned back to GGBR for use in liquidity pools managed by GGBR. Because the Company does not have the ability to access or control the Goldfish Tokens until specified contractual conditions are satisfied, the Company does not recognize the Goldfish Tokens as intangible assets upon receipt. Instead, the Company recognizes a receivable representing its contractual right to receive the Goldfish Tokens in the future. As of June 30, 2026 and December 31, 2025, the receivable related to Goldfish Tokens to be returned by GGBR was $28,637 and $27,137, respectively.

28637

27137

NOTE 4. Yield Income In September 2025, the Company entered into a Master Participation Agreement (“MPA”) with Regnum Aurum Acquisition Corp. (“RAAC”), pursuant to which the Company deploys tokenized gold-backed digital assets to support the issuance of stablecoins and related decentralized finance (“DeFi”) yield-generating activities. Under the MPA, the Company participates in the deployment of digital assets within the RAAC ecosystem and is entitled to a contractually specified share of the net yield generated. For the three and six months ended June 30, 2026, the Company recognized yield income of $150,401 and $425,112, respectively, under the MPA. Yield income is settled in both cash and amounts retained within the RAAC ecosystem. Amounts earned but not yet received are recorded as other receivables in the accompanying condensed consolidated balance sheets. As of June 30, 2026 and December 31, 2025, the receivable related to the MPA was $228,718 and $0, respectively. The Company presents yield income as other income in the accompanying condensed consolidated statements of operations because it is generated from the Company’s contractual participation in yield-generating activities and is not derived from contracts with customers within the scope of ASC Topic 606, Revenue from Contracts with Customers. Yield income is recognized when earned based on the terms of the MPA and the Company’s contractual right to receive its share of the net yield generated. -150401 -425112

228718

NOTE 5. Segment Reporting The Company operates as a 1single operating and reportable segment, providing resource management expertise and services. Our Chief Executive Officer, who serves as our Chief Operating Decision Maker, evaluates the Company’s financial performance and makes resource allocation decisions considering our one geographical area and on a consolidated basis. Accordingly, the CODM considers the revenue, operating expenses, and other income (expenses) of our single operating segment as reported on the statement of operations and considers our current and total assets as recorded on the balance sheet. There are no additional expense or asset information that are supplemental to those disclosed in these consolidated financial statements that are regularly provided to the CODM.

NOTE 6. Prepayments Prepaid expenses consist primarily of deposits related to strategic business initiatives, advance payments for regulatory compliance and professional services, OTC Markets listing fees, and other operating expenses that provide future economic benefits. These amounts are recognized as expense over the applicable service periods as the related services are received or, in the case of acquisition-related deposits, are capitalized as part of the cost of the related asset upon completion of the underlying transaction, as applicable. EDGAR Filing Services In October 2025, the Company paid $<span id="xdx_907_eus-gaap--ProfessionalFees_c20250819__20260818__dei--LegalEntityAxis__custom--MTwoComplianceLLCMember__us-gaap--TypeOfArrangementAxis__custom--ServiceAgreementMember__srt--StatementScenarioAxis__srt--ScenarioForecastMember_zotMlhPppa68" title="Annual fee">7,580 for EDGAR filing services covering the period from August 19, 2025 through August 18, 2026. The Company recognized $<span id="xdx_900_eus-gaap--AmortizationOfDebtDiscountPremium_c20260401__20260630__us-gaap--TypeOfArrangementAxis__custom--ServiceAgreementMember__dei--LegalEntityAxis__custom--MTwoComplianceLLCMember_zQZL6auOoMFh" title="Amortization of debt discount premium">1,895 and $<span id="xdx_900_eus-gaap--AmortizationOfDebtDiscountPremium_c20260101__20260630__us-gaap--TypeOfArrangementAxis__custom--ServiceAgreementMember__dei--LegalEntityAxis__custom--MTwoComplianceLLCMember_zlqVfWw1djPc" title="Amortization of debt discount premium">3,790 of expense during the three and six months ended June 30, 2026, respectively. As of June 30, 2026 and December 31, 2025, the remaining prepaid balance related to this agreement was $945 and $4,735, respectively. OTC Markets Fees In March 2025, the Company paid an annual OTC Markets fee of $<span id="xdx_90E_eus-gaap--ProfessionalFees_c20250301__20250331__us-gaap--TypeOfArrangementAxis__custom--ServiceAgreementMember__dei--LegalEntityAxis__custom--OTCMarketsOneMember_z0ZZ7yfuVvX3" title="Annual fee">9,300 covering the period from March 2025 through February 2026. The Company recognized $<span id="xdx_902_eus-gaap--AdjustmentForAmortization_c20250401__20250630__us-gaap--TypeOfArrangementAxis__custom--ServiceAgreementMember__dei--LegalEntityAxis__custom--OTCMarketsOneMember_zkwcyJdlpL86" title="Amortization expense">775 and $<span id="xdx_90C_eus-gaap--AdjustmentForAmortization_c20250101__20250630__us-gaap--TypeOfArrangementAxis__custom--ServiceAgreementMember__dei--LegalEntityAxis__custom--OTCMarketsOneMember_zKMfLYYTx7pj" title="Amortization expense">3,875 of expense during the three and six months ended June 30, 2025, respectively and $<span id="xdx_90E_eus-gaap--PrepaidExpenseAndOtherAssets_iI_c20251231__us-gaap--TypeOfArrangementAxis__custom--ServiceAgreementMember__dei--LegalEntityAxis__custom--OTCMarketsTwoMember_zbO9ElfAnHSk" title="Prepaid expense balance">1,550 remained in prepaid expenses as of December 31, 2025. In March 2026, the Company paid a semi-annual OTC Markets fee of $<span id="xdx_901_eus-gaap--ProfessionalFees_c20260301__20260331__us-gaap--TypeOfArrangementAxis__custom--ServiceAgreementMember__dei--LegalEntityAxis__custom--OTCMarketsTwoMember_zyohA6uTxKDa" title="Annual fee">9,000 covering the period from March 2026 through August 2026. The Company recognized $<span id="xdx_90C_eus-gaap--AdjustmentForAmortization_c20260401__20260630__us-gaap--TypeOfArrangementAxis__custom--ServiceAgreementMember__dei--LegalEntityAxis__custom--OTCMarketsTwoMember_zU0GgCcpA3U2" title="Amortized expenses">4,500 and $<span id="xdx_902_eus-gaap--AdjustmentForAmortization_c20260101__20260630__us-gaap--TypeOfArrangementAxis__custom--ServiceAgreementMember__dei--LegalEntityAxis__custom--OTCMarketsTwoMember_zI4xhVjXWZKk" title="Amortized expenses">6,000 of expense during the three and six months ended June 30, 2026, respectively. As of June 30, 2026, the remaining prepaid balance related to this fee was $<span id="xdx_90A_eus-gaap--PrepaidExpenseAndOtherAssets_iI_c20260630__us-gaap--TypeOfArrangementAxis__custom--ServiceAgreementMember__dei--LegalEntityAxis__custom--OTCMarketsTwoMember_zYd0u6EL5uWg" title="Prepaid expense balance">3,000. Mineral Claim Deposit During the three months ended June 30, 2026, the Company paid a $75,000 deposit to First Nations Kennewick Tribe LLC in connection with the proposed acquisition of certain mineral claims. As of June 30, 2026, the acquisition had not yet closed, and the deposit remained recorded as a prepaid asset. Upon completion of the acquisition, the deposit is expected to be capitalized as part of the cost of the mineral property. RAAC Deposit In 2025, the Company paid a $75,000 deposit pursuant to its strategic arrangement with Regnum Aurum Acquisition Corp. (“RAAC”). As of June 30, 2026, the deposit remained recorded as a prepaid asset pending satisfaction of the applicable contractual terms. Professional Services Retainer During 2025, the Company paid a $25,000 retain for professional services related to it anticipated uplisting activities, which was recorded as a prepaid professional fee. During the six months ended June 30, 2026, the related services were preformed, and the $25,000 retainer was fully recognized as professional fees expense. As of June 30, 2026, no prepaid professional fees related to this retainer remained outstanding. Prepaid Expense Balance As of June 30, 2026 and December 31, 2025, prepaid expenses were $153,945 and $106,285, respectively.

7580

1895

3790

945

4735

9300

775

3875

1550

9000

4500

6000

3000

75000

25000

153945

106285

NOTE 7. Intangible Assets As of June 30, 2026 and December 31, 2025, the Company’s intangible assets had aggregate carrying values of $22,454,994 and $18,022,219, respectively. The June 30, 2026 balance consisted of $69,858 of finite-lived internal-use software and $22,385,136 of indefinite-lived intangible assets. The December 31, 2025 balance consisted of $142,382 of finite-lived internal-use software and $17,879,837 of indefinite-lived intangible assets. Internal-use Software The Company’s finite-lived intangible assets consist primarily of internally developed software and technology platforms used in its digital asset ecosystem. These assets include software developed by Nodalium, Inc. for Know Your Customer (“KYC”) and Anti-Money Laundering (“AML”) onboarding, technology platforms developed by Instruxi Limited for the tokenization of precious metal, mineral, and commodity assets, and subsequent software upgrades and enhancements. These assets are amortized on a straight-line basis over their estimated useful lives. The Company recognized amortization expense of $<span id="xdx_901_eus-gaap--AdjustmentForAmortization_c20260401__20260630__us-gaap--TypeOfArrangementAxis__custom--AgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--InstruxiLimitedMember_zEECp34tdW0b" title="Amortized expenses">36,262 and $<span id="xdx_90E_eus-gaap--AdjustmentForAmortization_c20260101__20260630__us-gaap--TypeOfArrangementAxis__custom--AgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--InstruxiLimitedMember_zsxXl218EA12" title="Amortized expenses">72,524 during the three and six months ended June 30, 2026, respectively. The carrying amount of internal-use software decreased from $<span id="xdx_900_eus-gaap--FiniteLivedIntangibleAssetsNet_iI_c20260630__us-gaap--TypeOfArrangementAxis__custom--AgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--InstruxiLimitedMember_zMo5cNfTrXKb" title="Net value of intangible assets">142,382 as of December 31, 2025 to $<span id="xdx_908_eus-gaap--FiniteLivedIntangibleAssetsNet_iI_c20251231__us-gaap--TypeOfArrangementAxis__custom--AgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--InstruxiLimitedMember_zvmEnJTPHVBi" title="Net value of intangible assets">69,858 as of June 30, 2026, primarily as a result of amortization expense recognized during the period. The Company expects to recognize approximately $59,191 of additional amortization expense during the remainder of 2026, $8,667 during 2027, and $2,000 during 2028. Indefinite-lived Intangible Assets The Company’s indefinite-lived intangible assets consist primarily of ION.au, pmUSD, and xPM, which are gold-backed digital assets. These assets are considered to have indefinite useful lives and, accordingly, are not amortized but are evaluated for impairment at least annually and whenever events or changes in circumstances indicate that impairment may exist. As of December 31, 2025, the carrying value of the Company’s indefinite-lived intangible assets was $17,879,837. During the six months ended June 30, 2026, the Company used 489.50 units of ION.au, with a carrying value of $890,381, to settle bridge loan obligations totaling $1,331,000, resulting in a gain on the settlement of debt of $<span id="xdx_901_eus-gaap--GainLossRelatedToLitigationSettlement_c20260101__20260630__us-gaap--FairValueByAssetClassAxis__us-gaap--IndefinitelivedIntangibleAssetsMember_zdPvdr2FgnLb" title="Gain on settlement of debt">440,619 (see Note 9). During the six months ended June 30, 2026, the Company received 1,331,000 units of pmUSD from a third party that had a fair value of $1,331,000 and which are required to be returned to the third part under the related arrangement; therefore, the Company recorded a corresponding liability within other current liabilities on the condensed consolidated balance sheet. During the six months ended June 30, 2026, the Company exchanged 2,719 units of ION.au, with a historical carrying value of $4,945,750, for <span id="xdx_90B_eus-gaap--CryptoAssetNumberOfUnits_iI_uInteger_c20260630__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__custom--IndefinitelivedIntangibleAssetspmUSDMember_ziCb8wiM1PGi" title="Number of units issued">9,000,000 units of pmUSD, with a fair value of $<span id="xdx_90A_eus-gaap--CryptoAssetFairValue_iI_c20260630__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__custom--IndefinitelivedIntangibleAssetspmUSDMember_z0rOqxbVwv9k" title="Carrying value">8,968,500, and <span id="xdx_90D_eus-gaap--CryptoAssetNumberOfUnits_iI_uInteger_c20260630__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__custom--IndefinitelivedIntangibleAssetsxPMMember_zr4Ug0HZ3c7e" title="Number of units issued">1,000,000 units of xPM, with a fair value of $41,930. The transaction was accounted for as an exchange of intangible assets, and the Company recognized a gain on the exchange of intangible assets of $4,064,680, representing the excess of the fair value of the assets received over the carrying value of the ION.au surrendered. As of June 30, 2026, the carrying value of the Company’s indefinite-lived assets was $22,385,136. No impairment was recognized during the three and six months ended June 30, 2026.

22454994

18022219

69858

22385136

142382

17879837

36262

72524

142382

69858

59191

8667

2000

17879837

489.50

890381

1331000

440619

1331000

2719

4945750

9000000

8968500

1000000

41930

4064680

22385136

NOTE 8. Related-Party Transactions The Company enters into transactions with related parties in the ordinary course of business. These transactions primarily consist of operating advances, reimbursement arrangements, and payments made on behalf of related parties. Advances from Related Party Through an entity controlled by Carlos Montoya, the Company’s Chief Executive Officer and controlling stockholder, Mr. Montoya currently pays substantially all operating expenses and certain capital. During the six months ended June 30, 2026, the related party advanced funds to the Company and made certain payments to vendors on the Company’s behalf of $10,240 to support its operations, and the Company also made repayments $164,000 on the outstanding advances. These advances are unsecured, non-interest bearing, payable on demand, and are not governed by formal written agreements. As of June 30, 2026 and December 31, 2025, the balance due to this related party was $<span id="xdx_900_eus-gaap--OtherLiabilitiesCurrent_iI_c20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__us-gaap--RelatedPartyMember__srt--TitleOfIndividualAxis__custom--CarlosMontoyaMember_zAU0BsanbI2b" title="Due to related parties">1,644,411 and $<span id="xdx_90F_eus-gaap--OtherLiabilitiesCurrent_iI_c20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__us-gaap--RelatedPartyMember__srt--TitleOfIndividualAxis__custom--CarlosMontoyaMember_zMYOkZaLAOa9" title="Due to related parties">1,798,171, respectively. Oktane Media LLC Oktane Media LLC (“Oktane”) is an entity owned by the Company’s Chief Marketing Officer. The Company and Oktane periodically make payments on each other’s behalf for payroll, employee benefits, health insurance, and other operating expenses, and such amounts are reimbursed by Oktane. During the six months ended June 30, 2026, the Company paid approximately $<span id="xdx_900_eus-gaap--AccruedEmployeeBenefitsCurrentAndNoncurrent_iI_c20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--OktaneMediaLlcMember_zho1PL59Hcna" title="Accrued employee benefits">175,184 on behalf of Oktane, while Oktane reimbursed the Company $109,731 for such costs and had collected $<span id="xdx_904_eus-gaap--ReimbursementFromLimitedPartnershipInvestment_c20260101__20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--RegnumAurumAcquisitionCorpMember_znATYvMpSqma" title="Reimbursed">46,843 on the Company’s behalf for yield income from RAAC, which was to be reimbursed back to the Company. As of June 30, 2026, Oktane owed the Company $<span id="xdx_90F_eus-gaap--IncreaseDecreaseInDueToRelatedParties_c20260101__20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--OktaneMediaLlcMember_z84EVBpkUek8" title="Payment to related parties">77,641, as compared to an amount owed by the Company to Oktane of $<span id="xdx_90B_eus-gaap--IncreaseDecreaseInDueToRelatedParties_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--OktaneMediaLlcMember_zzMsTujdq8H4" title="Payment to related parties">91,581 as of December 31, 2025. Accordingly, the June 30, 2026 balance is presented as due from related party in current assets in the accompanying condensed consolidated balance sheets. Orebits Acquisition Group LLC (“OAG”) Orebits Acquisition Group LLC (“OAG”) is an entity owned and controlled by the Company’s Chief Executive Officer. The advances from OAG are unsecured, non-interest bearing, payable on demand, and are not governed by formal written agreements. During the six months ended June 30, 2026, the Company repaid $30,000 of outstanding advances to OAG. As of June 30, 2026 and December 31, 2025, the balance due to OAG was $168,900 and $198,900, respectively. Related Party Balances As of June 30, 2026 and December 31, 2025, amounts due to related parties totaled $1,813,311 and $2,088,652, respectively. In addition, as of June 30, 2026, the Company had $77,641 due from Oktane, which is presented separately as due from related party in current assets. There was no corresponding related-party receivable as of December 31, 2025.

10240

164000

1644411

1798171

175184

109731

46843

77641

91581

30000

168900

198900

1813311 2088652 77641

NOTE 9. Loans Payable Legacy Promissory Notes In November 2023, the Company issued promissory notes with an aggregate principal amount of $550,000. The notes were originally due on the earlier of one year from issuance or 30 days following the closing of a planned registered security token offering. The notes carried an effective financing cost equal to 100% of the principal amount. Accordingly, the Company recognized aggregate interest expense of $<span id="xdx_909_eus-gaap--DebtInstrumentPeriodicPayment_c20231130__20231130__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zMfUqRBZ6Nia" title="Debt instrument, principal and interest amount">550,000 over the original term of the notes. In addition, the Company issued <span id="xdx_90C_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_iI_c20231130__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zIs6WbWQXHfi" title="Issuance of warrants, shares">550,000 warrants to purchase shares of its common stock to the holders of the promissory notes as additional consideration (see Note 10). The fair value of the warrants of $87,970 was recorded as a debt discount, with a corresponding increase to additional paid-in capital, at the date of issuance. Effective November 1, 2024, the notes were amended to extend their maturity date to July 1, 2025. In connection with the amendment, the Company incurred an additional financing cost equal to 10% of the aggregate amount then due, or $110,000, which was recognized as a loss on debt modification during the year ended December 31, 2024. The Company also pledged 489 ION.au certificates as collateral for the notes. See Note 7. In addition, the obligation to issue registered tokens was assigned to a related party, and the Company was released from that obligation by the noteholders. During the year ended December 31, 2025, the notes matured and remained unpaid, resulting in a default. The Company incurred an additional penalty equal to 10% of the outstanding balance, or $121,000, which was recognized as interest expense. As of December 31, 2025, the outstanding obligation totaled $1,331,000, consisting of principal of $550,000 and accrued interest of $781,000. Settlement of Legacy Promissory Notes During the six months ended June 30, 2026, the Company fully settled the outstanding promissory notes and related accrued interest totaling $1,331,000. The Company satisfied the obligation through the transfer of 489.50 units of ION.au, which had an aggregate carrying value of $890,381 at the date of settlement. As a result, the Company recognized a gain on settlement of debt of $440,619, representing the difference between the carrying amount of the liability extinguished and the carrying amount of the assets transferred. OnDeck Term Loan In June 2026, the Company entered into a Business Loan and Security Agreement with ODK Capital, LLC, doing business as OnDeck, under which the Company borrowed $<span id="xdx_909_eus-gaap--ShortTermBorrowings_iI_c20260630__us-gaap--TypeOfArrangementAxis__custom--BusinessLoanAndSecurityAgreementMember__us-gaap--DebtInstrumentAxis__custom--OnDeckTermLoanMember_zYqrVzjoIvAi" title="Borrowed amount">112,000. The lender deducted an origination fee of $<span id="xdx_902_eus-gaap--DebtInstrumentFeeAmount_iI_c20260630__us-gaap--TypeOfArrangementAxis__custom--BusinessLoanAndSecurityAgreementMember__us-gaap--DebtInstrumentAxis__custom--OnDeckTermLoanMember_zWNKzhrjN0H8" title="Origination fee">2,800 from the loan proceeds, resulting in net cash proceeds to the Company of $<span id="xdx_908_eus-gaap--ProceedsFromLoanOriginations1_c20260601__20260630__us-gaap--TypeOfArrangementAxis__custom--BusinessLoanAndSecurityAgreementMember__us-gaap--DebtInstrumentAxis__custom--OnDeckTermLoanMember_zzK8zZdwVn56" title="Proceeds from loan">109,200. The loan requires <span id="xdx_90C_eus-gaap--DebtInstrumentTerm_dtW_c20260601__20260630__us-gaap--TypeOfArrangementAxis__custom--BusinessLoanAndSecurityAgreementMember__us-gaap--DebtInstrumentAxis__custom--OnDeckTermLoanMember_zo3GJGHBef13" title="Loan paymemt term">65 weekly payments of $<span id="xdx_907_eus-gaap--PaymentsOfLoanCosts_c20260601__20260630__us-gaap--TypeOfArrangementAxis__custom--BusinessLoanAndSecurityAgreementMember__us-gaap--DebtInstrumentAxis__custom--OnDeckTermLoanMember_zWVfzEoJpERa" title="Payments of loan">2,745, beginning seven days after funding, and has a <span id="xdx_90C_eus-gaap--DebtInstrumentPaymentTerms_c20260601__20260630__us-gaap--TypeOfArrangementAxis__custom--BusinessLoanAndSecurityAgreementMember__us-gaap--DebtInstrumentAxis__custom--OnDeckTermLoanMember_zfkn3EqMI593" title="Payment terms">contractual repayment period of approximately 15 months. The aggregate contractual payments total $<span id="xdx_909_eus-gaap--DebtInstrumentPeriodicPaymentPrincipal_c20260601__20260630__us-gaap--TypeOfArrangementAxis__custom--BusinessLoanAndSecurityAgreementMember__us-gaap--DebtInstrumentAxis__custom--OnDeckTermLoanMember_z3WWb6yzcst5" title="Contractual payment of original amount">178,416, consisting of the original principal amount and contractual interest of $<span id="xdx_906_eus-gaap--InterestAndDebtExpense_c20260601__20260630__us-gaap--TypeOfArrangementAxis__custom--BusinessLoanAndSecurityAgreementMember__us-gaap--DebtInstrumentAxis__custom--OnDeckTermLoanMember_zJYu2lrsiypd" title="Contractual interest">66,416. The agreement permits the Company to prepay the loan in full with a reduction of the unpaid contractual interest, subject to the terms of the agreement. The loan is secured by a continuing security interest in substantially all of the Company’s tangible and intangible personal property, including cash, accounts, deposit accounts, equipment, investment property, software, and other general intangibles. The Company recorded the loan at its gross principal amount of $<span id="xdx_90B_eus-gaap--ShortTermBorrowings_iI_c20260630__us-gaap--TypeOfArrangementAxis__custom--BusinessLoanAndSecurityAgreementMember__us-gaap--DebtInstrumentAxis__custom--OnDeckTermLoanMember_ziYtKqUI8qQi" title="Borrowed amount">112,000 and recorded the $<span id="xdx_90A_eus-gaap--DebtInstrumentFeeAmount_iI_c20260630__us-gaap--TypeOfArrangementAxis__custom--BusinessLoanAndSecurityAgreementMember__us-gaap--DebtInstrumentAxis__custom--OnDeckTermLoanMember_zjOQnCRSzim8" title="Origination fee">2,800 origination fee as a debt discount. The debt discount is being amortized to interest expense over the contractual term of the loan using the effective interest method. The Company made its first scheduled weekly payment during June 2026. During the six months ended June 30, 2026, the Company recognized interest expense related to the OnDeck loan of $<span id="xdx_90D_eus-gaap--AmortizationOfDebtDiscountPremium_c20260101__20260630__us-gaap--TypeOfArrangementAxis__custom--BusinessLoanAndSecurityAgreementMember__us-gaap--DebtInstrumentAxis__custom--OnDeckTermLoanMember_zgAJmgAXF5A" title="Amortization of the debt discount">2,113, including amortization of the debt discount. As of June 30, 2026, the gross principal outstanding under the OnDeck loan was $<span id="xdx_90B_eus-gaap--DebtInstrumentFaceAmount_iI_c20260630__us-gaap--TypeOfArrangementAxis__custom--BusinessLoanAndSecurityAgreementMember__us-gaap--DebtInstrumentAxis__custom--OnDeckTermLoanMember_zpVefgy6kUGb" title="Principal amount">110,988. The unamortized debt discount related to the loan was $<span id="xdx_902_eus-gaap--DebtInstrumentUnamortizedDiscount_iI_c20260630__us-gaap--TypeOfArrangementAxis__custom--BusinessLoanAndSecurityAgreementMember__us-gaap--DebtInstrumentAxis__custom--OnDeckTermLoanMember_zSU5pZ1qc3Zd" title="Unamortized debt discount">2,733, resulting in a net carrying amount of $<span id="xdx_905_eus-gaap--DebtInstrumentCarryingAmount_iI_c20260630__us-gaap--TypeOfArrangementAxis__custom--BusinessLoanAndSecurityAgreementMember__us-gaap--DebtInstrumentAxis__custom--OnDeckTermLoanMember_zApgpRyVXoa8" title="Net carrying amount">108,255. Of the net carrying amount, $<span id="xdx_901_eus-gaap--DebtCurrent_iI_c20260630__us-gaap--TypeOfArrangementAxis__custom--BusinessLoanAndSecurityAgreementMember__us-gaap--DebtInstrumentAxis__custom--OnDeckTermLoanMember_zavTgYeeOsK3" title="Carrying amount, current">81,366 was classified as current and $<span id="xdx_90A_eus-gaap--LongTermDebtNoncurrent_iI_c20260630__us-gaap--TypeOfArrangementAxis__custom--BusinessLoanAndSecurityAgreementMember__us-gaap--DebtInstrumentAxis__custom--OnDeckTermLoanMember_zYoJpBV55vdc" title="Carrying amount, non-current">26,889 was classified as noncurrent in the accompanying condensed consolidated balance sheet. As of June 30, 2026, the Company had $<span id="xdx_904_eus-gaap--DebtInstrumentIncreaseAccruedInterest_c20260101__20260630__us-gaap--TypeOfArrangementAxis__custom--BusinessLoanAndSecurityAgreementMember__us-gaap--DebtInstrumentAxis__custom--OnDeckTermLoanMember_zzYFn5Hy4N15" title="Accrued interest">245 of accrued interest related to this note.

550000

87970

0.10

110000

0.10

121000

1331000

550000

781000

1331000

489.50

890381

440619

112000

2800

109200

P455D

2745

contractual repayment period of approximately 15 months

178416

66416

112000

2800

2113

110988

2733

108255

81366

26889

245

<p id="xdx_80B_ecustom--ConvertiblePromissoryNoteandEmbeddedDerivativeTextBlock_zktylYDw8vHe" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; background-color: white">NOTE 10. Convertible Promissory Notes and Embedded Derivative Liabilities Variable Conversion Convertible Notes On December 31, 2025, the Company issued a convertible promissory note (the “CROM Note”) to Crom Structured Opportunities Fund I, LP with a principal amount of $183,370 and received net cash proceeds of $153,400 after original issue discount and fees of $29,970, which were recorded as a debt discount. The CROM Note matures twelve months from issuance and includes a one-time interest charge of 8%, earned at issuance, which increased both the note principal and debt discount by $<span id="xdx_907_eus-gaap--DebtInstrumentIncreaseDecreaseForPeriodNet_c20251231__20251231__us-gaap--DebtInstrumentAxis__custom--CROMNoteMember_zH7rPlxHIk4k" title="Debt instrument increase decrease for period net">14,670. The CROM Note may not be prepaid by the Company prior to maturity. During the six months ended June 30, 2026, the Company issued four additional convertible promissory notes (the “Q1 2026 Notes”) with aggregate principal of $724,240 and received aggregate cash proceeds of $577,300 after original issue discounts and fees of $146,940, which were recorded as debt discounts. The Q1 2026 Notes also include one-time interest charges of <span id="xdx_903_eus-gaap--DebtInstrumentInterestRateEffectivePercentage_iI_pid_dp_uPure_c20260630__us-gaap--DebtInstrumentAxis__custom--QOneTwoThousandTwentySixMember_zjXCIjP8QCUc" title="Debt instrument percentage">8%, increasing principal and debt discount by $<span id="xdx_902_eus-gaap--DebtInstrumentIncreaseDecreaseForPeriodNet_c20260101__20260630__us-gaap--DebtInstrumentAxis__custom--QOneTwoThousandTwentySixMember_zACYbo1GYhOa" title="Debt instrument increase decrease for period net">57,939, and mature twelve months from their respective issuance dates. The Q1 2026 Notes may not be prepaid by the Company prior to maturity. The CROM Note and the Q1 2026 Notes are convertible, at the holders’ option, into shares of the Company’s common stock at a conversion price equal to <span id="xdx_908_ecustom--DebtInstrumentConvertibleConversionPercent_iI_pid_dp_uPure_c20260630__us-gaap--DebtInstrumentAxis__custom--QOneTwoThousandTwentySixMember_zOR3809kk95e" title="Conversion price percentage">80% of the lowest closing market price of the Company’s common stock during the ten trading days immediately preceding conversion. The Company is required to reserve a specified number of shares for potential conversion and is subject to penalties if shares are not timely delivered upon conversion. Because the conversion price is variable and based on the market price of the Company’s common stock, the embedded conversion features are not considered indexed to the Company’s own stock and are therefore accounted for as embedded derivative liabilities under ASC 815, Derivatives and Hedging. The derivative liability is measured at fair value at issuance and remeasured at fair value at each reporting date, with changes in fair value recognized in earnings. At issuance, the Company recorded derivative liabilities of $156,644 for the CROM Note and $619,420 for the Q1 2026 Notes, of which $577,300 was recorded as a debt discount and $42,120 was recorded as interest expense on the statement of operations. Debt discounts are amortized to interest expense using the effective interest method over the contractual terms of the notes. During the three months ended June 30, 2026, the Company recognized $246,701 of debt discount amortization and a loss of $87,709 from the change in the fair value of derivative liabilities. During the six months ended June 30, 2026, the Company recognized $429,958 of debt discount amortization and a loss of $101,957 from the change in fair value of derivative liabilities. As a result, the derivative liability was $878,021 at June 30, 2026. As of June 30, 2026, the aggregate principal balance of the CROM Note and the Q1 2026 Notes was $980,220. After deducting unamortized debt discounts attributable to those convertible notes of $550,262, the net carrying amount of the notes was $429,958. The embedded derivative liabilities are classified within Level 3 of the fair value hierarchy because significant valuation inputs are unobservable. Fair value was estimated using the Black-Scholes option-pricing model. <p id="xdx_892_eus-gaap--DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_zVu7OhE5Bux3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; background-color: white">The following assumptions were used in the Black-Scholes model during the three months ended June 30, 2026: Schedule of Black-Scholes Model <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Expected Term</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_905_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_dtY_c20260101__20260630__srt--RangeAxis__srt--MinimumMember_zWVwIWpE2ly2" title="Expected term">0.50 –<span id="xdx_90F_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_dtY_c20260101__20260630__srt--RangeAxis__srt--MaximumMember_zR2a1txo6mwd" title="Expected term"> 0.99 Years</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Volatility</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_908_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum_pid_dp_uPure_c20260101__20260630__srt--RangeAxis__srt--MinimumMember_zTbJr5BHSRZg" title="Volatility, minimum">149% - <span id="xdx_900_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum_pid_dp_uPure_c20260101__20260630__srt--RangeAxis__srt--MaximumMember_zQCOn7xIgxdf" title="Volatility, maximum">163</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 80%; text-align: justify">Expected Dividend Yield</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">0</td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Risk-free interest rate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_pid_dp_uPure_c20260101__20260630__srt--RangeAxis__srt--MinimumMember_z69rBeToU9wb" title="Risk-free interest rate">3.47% - <span id="xdx_908_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_pid_dp_uPure_c20260101__20260630__srt--RangeAxis__srt--MaximumMember_zQnQwEmd9uF5" title="Risk-free interest rate">3.98</td><td style="text-align: left">%</td></tr> </table> <p id="xdx_893_eus-gaap--ScheduleOfDerivativeLiabilitiesAtFairValueTableTextBlock_z5cjAte3zGa" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; background-color: white">The following table summarizes the change in the derivative liabilities during the six months ended June 30, 2026: Schedule of Change in Derivative Liabilities <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_497_20260101__20260630_zCqA1SiBW387" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--DerivativeLiabilitiesCurrent_iS_zlWPZrHsYJ2h" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 80%; text-align: justify">Derivative liability balance at December 31, 2025</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">156,644</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_409_ecustom--AdditionOfNewDerivativesRecognizedAsDebtDiscounts_zVrZEpP0xib1" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Addition of new derivatives recognized as debt discounts</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">577,300</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_ecustom--AdditionOfNewDerivativesRecognizedAsLoanFees_zBmFqNeZ7Ta9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Addition of new derivatives recognized as loan fees</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">42,120</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--DerivativeGainLossOnDerivativeNet_zxHlsxxKFKjk" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 1pt">(Gain) loss on change in valuation of derivative liability</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">101,957</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--DerivativeLiabilitiesCurrent_iE_z5DcrnSvxDT1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 2.5pt">Derivative liability balance at June 30, 2026</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">878,021</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> RAAC Convertible Promissory Note In April 2026, the Company entered into a Convertible Promissory Note Agreement with RAAC providing for borrowings of up to $750,000 to finance costs associated with the acquisition, onboarding, verification, and tokenization of the Blythe Project. The note bears interest at <span id="xdx_908_eus-gaap--DebtInstrumentInterestRateDuringPeriod_pid_dp_c20260401__20260430__us-gaap--DebtInstrumentAxis__custom--RAACConvertiblePromissoryNoteMember_zi8YvZiA9kGi" title="Interest percentage">5.0% per annum, <span id="xdx_901_eus-gaap--DebtInstrumentMaturityDateDescription_c20260401__20260430__us-gaap--DebtInstrumentAxis__custom--RAACConvertiblePromissoryNoteMember_zoV7k8PVsFq5" title="Maturity date, description">matures on the earlier of twelve months from issuance or the closing of the Blythe Project, and may be prepaid by the Company without penalty upon at least thirty days’ prior notice. Unlike the Company’s other convertible promissory notes, the RAAC Note does not contain a variable conversion feature based on the Company’s common stock price. Instead, any conversion may occur only upon the mutual written agreement of the parties and would be settled through a proportional ownership interest in the Blythe Project or an allocation of ION.au digital tokens. As of June 30, 2026, the outstanding balance of the RAAC Note was $598,350. During the six months ended June 30, 2026, the Company recognized interest expense related to the RAAC Note of $3,061.

183370

153400

29970

0.08

14670

724240

577300

146940

0.08

57939

0.80 0.80

156644

619420

577300 42120

246701

87709

429958

101957

878021

980220

550262

429958

<p id="xdx_892_eus-gaap--DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_zVu7OhE5Bux3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; background-color: white">The following assumptions were used in the Black-Scholes model during the three months ended June 30, 2026: Schedule of Black-Scholes Model <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Expected Term</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_905_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_dtY_c20260101__20260630__srt--RangeAxis__srt--MinimumMember_zWVwIWpE2ly2" title="Expected term">0.50 –<span id="xdx_90F_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_dtY_c20260101__20260630__srt--RangeAxis__srt--MaximumMember_zR2a1txo6mwd" title="Expected term"> 0.99 Years</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Volatility</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_908_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum_pid_dp_uPure_c20260101__20260630__srt--RangeAxis__srt--MinimumMember_zTbJr5BHSRZg" title="Volatility, minimum">149% - <span id="xdx_900_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum_pid_dp_uPure_c20260101__20260630__srt--RangeAxis__srt--MaximumMember_zQCOn7xIgxdf" title="Volatility, maximum">163</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 80%; text-align: justify">Expected Dividend Yield</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">0</td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Risk-free interest rate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_pid_dp_uPure_c20260101__20260630__srt--RangeAxis__srt--MinimumMember_z69rBeToU9wb" title="Risk-free interest rate">3.47% - <span id="xdx_908_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_pid_dp_uPure_c20260101__20260630__srt--RangeAxis__srt--MaximumMember_zQnQwEmd9uF5" title="Risk-free interest rate">3.98</td><td style="text-align: left">%</td></tr> </table>

P0Y6M

P0Y11M26D

1.49

1.63

0.0347

0.0398

<p id="xdx_893_eus-gaap--ScheduleOfDerivativeLiabilitiesAtFairValueTableTextBlock_z5cjAte3zGa" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; background-color: white">The following table summarizes the change in the derivative liabilities during the six months ended June 30, 2026: Schedule of Change in Derivative Liabilities <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_497_20260101__20260630_zCqA1SiBW387" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--DerivativeLiabilitiesCurrent_iS_zlWPZrHsYJ2h" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 80%; text-align: justify">Derivative liability balance at December 31, 2025</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">156,644</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_409_ecustom--AdditionOfNewDerivativesRecognizedAsDebtDiscounts_zVrZEpP0xib1" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Addition of new derivatives recognized as debt discounts</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">577,300</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_ecustom--AdditionOfNewDerivativesRecognizedAsLoanFees_zBmFqNeZ7Ta9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Addition of new derivatives recognized as loan fees</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">42,120</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--DerivativeGainLossOnDerivativeNet_zxHlsxxKFKjk" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 1pt">(Gain) loss on change in valuation of derivative liability</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">101,957</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--DerivativeLiabilitiesCurrent_iE_z5DcrnSvxDT1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 2.5pt">Derivative liability balance at June 30, 2026</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">878,021</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

156644

577300 42120

101957

878021

750000

0.050

matures on the earlier of twelve months

598350

3061

NOTE 11. Stockholders’ Equity Series A Preferred Stock In September 2022, the Company established the Series A Preferred Stock. The authorized number of shares of Series A Preferred Stock is 6,000. Each share has a par value of $<span id="xdx_906_eus-gaap--PreferredStockParOrStatedValuePerShare_iI_c20220930__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesAPreferredStockMember_zSTkaurqa23l" title="Preferred stock issued par value">0.0001. Each share of Series A Preferred Stock is convertible into 10,000 shares of Common Stock and was originally entitled to 100 votes per share. Pursuant to an amendment to the Certificate of Designation on August 22, 2024, each share is entitled to 10,000 votes per share. During the six months ended June 30, 2026 and 2025, <span id="xdx_904_eus-gaap--PreferredStockSharesIssued_iI_do_c20260630__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesAPreferredStockMember__us-gaap--StatementEquityComponentsAxis__us-gaap--PreferredStockMember_zSUJzH0jTVz6" title="Preferred stock, shares issued"><span id="xdx_90B_eus-gaap--PreferredStockSharesIssued_iI_do_c20250630__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesAPreferredStockMember__us-gaap--StatementEquityComponentsAxis__us-gaap--PreferredStockMember_zoU8fUve7Fmf" title="Preferred stock, shares issued">no shares of Series A Preferred Stock were issued. As of June 30, 2026 and December 31, 2025, there were 5,403 shares of Series A Preferred Stock issued and outstanding. Series B Preferred Stock In September 2022, the Company established the Series B Preferred Stock. The authorized number of shares of Series B Preferred Stock is 6,000 with a par value of $<span id="xdx_90C_eus-gaap--PreferredStockParOrStatedValuePerShare_iI_c20220930__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesBPreferredStockMember_zzwRjWhiXPSd" title="Preferred stock issued par value">0.0001 per share. Each share is convertible into 1,000 shares of Common Stock and is entitled to 1,000 votes per share. During the six months ended June 30, 2026 and 2025, <span id="xdx_900_eus-gaap--PreferredStockSharesIssued_iI_pid_do_c20260630__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesBPreferredStockMember__us-gaap--StatementEquityComponentsAxis__us-gaap--PreferredStockMember_z1g9iWGlt6zj" title="Preferred stock, shares issued"><span id="xdx_90B_eus-gaap--PreferredStockSharesIssued_iI_pid_do_c20250630__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesBPreferredStockMember__us-gaap--StatementEquityComponentsAxis__us-gaap--PreferredStockMember_zHPMSWrQ01bk" title="Preferred stock, shares issued">no shares of Series B Preferred Stock were issued. As of June 30, 2026 and December 31, 2025, there were <span id="xdx_909_eus-gaap--PreferredStockSharesOutstanding_iI_pid_do_c20260630__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesBPreferredStockMember_zJePBT2rS0a5" title="Preferred stock, shares outstanding"><span id="xdx_902_eus-gaap--PreferredStockSharesOutstanding_iI_pid_do_c20251231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesBPreferredStockMember_z0x8uKvhm5T" title="Preferred stock, shares outstanding">no shares of Series B Preferred Stock issued and outstanding. Series C Preferred Stock In December 2023, the Company established the Series C Preferred Stock with 910,000 authorized shares and a par value of $0.0001 per share. Each share is convertible into <span id="xdx_905_eus-gaap--PreferredStockConvertibleSharesIssuable_iI_pid_c20231231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesCPreferredStockMember_zLOByGyRaHq9" title="Number of shares convertible">20 shares of Common Stock. Initially, each share carried one vote; however, in February 2025, the Certificate of Designation was amended to provide 20 votes per share. During the six months ended June 30, 2026 and 2025, <span id="xdx_908_eus-gaap--PreferredStockSharesIssued_iI_pid_do_c20260630__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesCPreferredStockMember__us-gaap--StatementEquityComponentsAxis__us-gaap--PreferredStockMember_z7I6kVyA9OGa" title="Preferred stock, shares issued"><span id="xdx_90F_eus-gaap--PreferredStockSharesIssued_iI_pid_do_c20250630__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesCPreferredStockMember__us-gaap--StatementEquityComponentsAxis__us-gaap--PreferredStockMember_z1N4RFWAxVia" title="Preferred stock, shares issued">no shares of Series C Preferred Stock were issued. As of June 30, 2026 and December 31, 2025, there were <span id="xdx_907_eus-gaap--PreferredStockSharesOutstanding_iI_pid_c20260630__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesCPreferredStockMember_zyMBAkasfuL" title="Preferred stock, shares outstanding"><span id="xdx_905_eus-gaap--PreferredStockSharesOutstanding_iI_pid_c20251231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesCPreferredStockMember_zwDeormpW4S8" title="Preferred stock, shares outstanding">595,000 shares of Series C Preferred Stock issued and outstanding. Series E Preferred Stock On January 5, 2025, the Company established the Series E Preferred Stock. Each share of Series E Preferred Stock is convertible into 500 shares of Common Stock and votes on an as-converted basis, with 500 votes per share. On May 12, 2026, the Company amended the its Certificate of Designation of Series E Convertible Preferred Stock to include aa adjustment of conversion rate upon subdivision or combination of the Company’s common stock and a put right. Under the adjustment of conversion rate upon subdivision or combination, there shall be a pro rata adjustment to the conversion rate should the Company at any time subdivide (by any stock split, stock dividend, recapitalization or otherwise) one or more classes of its outstanding shares of common stock into a greater number of shares. Neither Series E Preferred Shares nor the shares of Common Stock issuable upon the conversion of the Series E Preferred Shares shall be subdivided, combined, or otherwise adjusted as a result of such reverse split. Under the put right, at any time following the issuance of the Series E Preferred Shares, each holder of Series E Preferred shares has the right, exercisable by written notice to the Company, to require the Company to repurchase all or any portion of such Holder’s Series E Preferred Shares. The purchase price per Series E Preferred Stock is equal to the par value per Series E Preferred Stock of $0.0001. As of June 30, 2026, none of the Series E Preferred shares had been repurchased by the Company. During the six months ended June 30, 2026 and 2025, <span id="xdx_905_eus-gaap--PreferredStockSharesIssued_iI_pid_do_c20260630__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesEPreferredStockMember__us-gaap--StatementEquityComponentsAxis__us-gaap--PreferredStockMember_z6CXpvpsLJMf" title="Preferred stock, shares issued"><span id="xdx_90A_eus-gaap--PreferredStockSharesIssued_iI_pid_do_c20250630__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesEPreferredStockMember__us-gaap--StatementEquityComponentsAxis__us-gaap--PreferredStockMember_zFEqq40rpik1" title="Preferred stock, shares issued">no shares of Series E Preferred Stock were issued. As of June 30, 2026 and December 31, 2025, there were <span id="xdx_90B_eus-gaap--PreferredStockSharesOutstanding_iI_pid_c20260630__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesEPreferredStockMember_zI0sWglzPwXj" title="Preferred stock, shares outstanding"><span id="xdx_90F_eus-gaap--PreferredStockSharesOutstanding_iI_pid_c20251231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesEPreferredStockMember_zyxlcSaDaMa5" title="Preferred stock, shares outstanding">3,442 shares of Series E Preferred Stock issued and outstanding. Common Stock The Company is authorized to issue 250,000,000 shares of common stock, par value $0.0001 per share. During the six months ended June 30, 2026 and 2025, no shares of common stock were issued. As of June 30, 2026 and December 31, 2025, there were 34,106,234 shares of common stock issued and outstanding.

6000

0.0001

10000

originally entitled to 100 votes per share. Pursuant to an amendment to the Certificate of Designation on August 22, 2024, each share is entitled to 10,000 votes per share.

5403

6000

0.0001

1000

1,000 votes per share

910000

0.0001

Each share is convertible into 20 shares of Common Stock. Initially, each share carried one vote; however, in February 2025, the Certificate of Designation was amended to provide 20 votes per share.

595000

the Company established the Series E Preferred Stock. Each share of Series E Preferred Stock is convertible into 500 shares of Common Stock and votes on an as-converted basis, with 500 votes per share.

500

0.0001

3442

250000000

0.0001

34106234

NOTE 12. Subsequent Events The Company follows the guidance in FASB ASC 855-10 for the disclosure of subsequent events. The Company evaluated subsequent events through the date the financial statements were available to be issued. Subsequent to June 30, 2026, the Company received approximately $<span id="xdx_902_eus-gaap--ProceedsFromRelatedPartyDebt_c20260819__20260819__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--MCMAdvisorsLLCMember_z7JO5DL3Iahf">76,000 in funding from MCM Advisors LLC, a related party, $<span id="xdx_905_eus-gaap--ProceedsFromRelatedPartyDebt_c20260819__20260819__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--OktaneMediaLlcMember_z4sENnYxN6Lb">71,502 from Oktane Media LLC, a related party for receivables and reimbursements to the Company and an additional $<span id="xdx_903_eus-gaap--ProceedsFromRelatedPartyDebt_c20260701__20260731__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--TypeOfArrangementAxis__custom--RAACLoanArrangementMember_zvSMa8ZQxVJ8">49,850 advance under the existing RAAC financing agreement. Other than the foregoing, the Company determined that there were no material subsequent events requiring recognition or disclosure in the accompanying condensed consolidated financial statements.

76000

71502

49850

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