v3.26.1
Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
 1 Months Ended 2 Months Ended 3 Months Ended
Jun. 06, 2025
Jul. 31, 2025
Jul. 31, 2026
Revenue $ 2,928,000 $ 4,580,000 $ 7,165,000
Cost of revenue 2,002,000 3,207,000 5,201,000
Gross profit   1,373,000 1,964,000
Operating expenses      
Management fees to affiliate   0 1,103,000
Selling, general and administrative expenses   1,630,000 5,427,000
Shareholder advisory expenses   0 1,391,000
Unrealized loss on digital assets   0 15,294,000
Other affiliate operating expenses   0 (20,000)
Total operating expenses   1,630,000 23,195,000
Operating income (loss)   (257,000) (21,231,000)
Other income (loss), net      
Airdrop income   0 284,000
Gain on change in fair value of warrant liability   0 9,982,000
Business combination expenses   (721,000) 0
Total other income (loss), net   (989,000) 9,926,000
Income (loss) before income tax expense (benefit) 21,000 (1,246,000) (11,305,000)
Income tax expense (benefit) 2,000 (60,000) 95,000
Net income (loss) $ 19,000 (1,186,000) (11,400,000)
Other comprehensive income (loss)      
Foreign currency translation adjustment   (47,000) (215,000)
Total comprehensive income (loss)   $ (1,233,000) $ (11,615,000)
Net income (loss) per share of common stock attributable to common shareholders      
Basic (in usd per share) $ 13.48 $ (1.41) $ (0.22)
Diluted (in usd per share) $ 13.48 $ (1.41) $ (0.22)
Weighted average number of common shares outstanding      
Basic (in shares) 1,410 842,852 52,914,444
Diluted (in shares) 1,410 842,852 52,914,444
Predecessor      
Revenue $ 2,928,000    
Cost of revenue 2,002,000    
Gross profit 926,000    
Operating expenses      
Management fees to affiliate 0    
Selling, general and administrative expenses 905,000    
Shareholder advisory expenses 0    
Unrealized loss on digital assets 0    
Other affiliate operating expenses 0    
Total operating expenses 905,000    
Operating income (loss) 21,000    
Other income (loss), net      
Airdrop income 0    
Gain on change in fair value of warrant liability 0    
Business combination expenses 0    
Total other income (loss), net 0    
Income (loss) before income tax expense (benefit) 21,000    
Income tax expense (benefit) 2,000    
Net income (loss) 19,000    
Other comprehensive income (loss)      
Foreign currency translation adjustment 35,000    
Total comprehensive income (loss) $ 54,000    
Net income (loss) per share of common stock attributable to common shareholders      
Basic (in usd per share) $ 13.48    
Diluted (in usd per share) $ 13.48    
Weighted average number of common shares outstanding      
Basic (in shares) 1,410    
Diluted (in shares) 1,410    
Nonrelated Party      
Other income (loss), net      
Interest expense   $ (252,000) $ (314,000)
Nonrelated Party | Predecessor      
Other income (loss), net      
Interest expense $ 0    
Related Party      
Other income (loss), net      
Interest expense   $ (15,516) $ (25,813)
Related Party | Predecessor      
Other income (loss), net      
Interest expense $ 0