v3.26.3
TAX RECEIVABLES (Tables)
 12 Months Ended
Dec. 31, 2025
Receivables [Abstract]  
SCHEDULE OF OTHER TRADE AND TAX RECEIVABLES

   December 31, 2025
(Restated)		   December 31, 2024
(Restated)		 
Tax receivable (Alchemy Markets Ltd.)  $190,346    167,907 
Total other trade and tax receivables  $190,346   $167,907 
SUMMARY OF RELATED PARTY BALANCES

The following table summarizes related party balances included in the consolidated balance sheets as of December 31, 2025, and December 31, 2024 (as restated):

 

   December 31, 2025
(Restated)		   December 31, 2024
(Restated)		 
Related party receivable (asset):          
AIL – intercompany receivable (post-acquisition)  $37,579,900   $— 
FDC – Related party receivables and advances   3,165,290    1,682,450 
AML – due from related parties, net   (3,300,538)   — 
FXPIG – due from   32,704    — 

AIL – trade receivable (related party)

   2,612,695    — 
Total related party receivable  $40,090,051   $1,682,450 
           
Related party advances (liability):          
AIL – due to Alchemy DMCC (post-acquisition)  $25,512,642   $

7,713,827

 
FDC – due to Alchemy DMCC   536,504    — 
FDC – related party advances, net   33,000   33,000 
ADS – related party loan   4,711    3,536 
AML – due to AML US   720,644    140,682 
ATECH – related party loan   —    101,795 
Total related party advances  $

29,197,470

  $7,992,840
           
Accrued expenses, related party (liability):          
Accrued payroll – Mitchell M. Eaglstein  $241,000    246,000 
Accrued payroll – Imran Firoz   286,000    

273,500

 
ATECH – accrued expenses   5,287    — 
Other accrued, related party   —    — 
Total accrued expenses, related party  $532,287   $519,500

 

The Company transacts with affiliated entities under common control and with other related parties. Related party balances as of December 31, 2025, and December 31, 2024 (restated) are summarized in the table above and described below.

 

(a) Related party receivables totaled $40,090,051 as of December 31, 2025, compared with $1,682,450 as of December 31, 2024. The December 31, 2025 balance consists principally of a $37,579,900 intercompany receivable from Alchemy International Limited (AIL) arising in connection with its post-acquisition consolidation, $3,165,290 of loan receivables and advances to FDC, a $2,612,695 trade receivable due from AIL, and $32,704 due from FXPIG, partially offset by a $(3,300,538) net balance presented within AML – due from related parties, net. The December 31, 2024, balance comprised $1,682,450 of FDC loan receivables and advances.

 

(b) Related party advances (liabilities) totaled $29,197,470 as of December 31, 2025, compared with $7,992,840 as of December 31, 2024. The December 31, 2025, balance includes $25,512,642 due to Alchemy DMCC from AIL and $536,504 due to Alchemy DMCC from FDC, both arising from the post-acquisition consolidation, $720,644 due to AML US, $33,000 of net related party advances from FDC, and $4,711 under the ADS related party loan. The December 31, 2024, balance comprised $7,713,827 due to Alchemy DMCC from AIL, $140,682 due to AML US, $101,795 under the ATECH related party loan, $33,000 of FDC related party advances, and $3,536 under the ADS related party loan.

 

(c) Accrued expenses due to related parties totaled $532,287 as of December 31, 2025, compared with $519,500 as of December 31, 2024. These amounts consist primarily of accrued payroll due to the Company’s officers, Mitchell M. Eaglstein ($241,000 and $246,000 as of December 31, 2025, and 2024, respectively) and Imran Firoz ($286,000 and $273,500 as of December 31, 2025 and 2024, respectively), together with $5,287 of accrued expenses due to ATECH as of December 31, 2025.