Exhibit 99.1
ZONE FRONTIER INC.
UNAUDITED PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEETS
| As of June 30, 2026 | ||||||||||||
| As Reported | Disposition | Pro Forma | ||||||||||
| Assets | ||||||||||||
| Current assets: | ||||||||||||
| Cash and cash equivalents | $ | 15,435,213 | $ | (837,422 | ) | $ | 14,597,791 | |||||
| Accounts receivable, net | 458,303 | (458,303 | ) | - | ||||||||
| Inventory, net | 909,219 | (909,219 | ) | - | ||||||||
| Deferred offering costs | - | - | ||||||||||
| Note receivable, related party | 1,000,000 | 300,000 | 1 | 1,300,000 | ||||||||
| Prepaid expenses and other current assets | 906,310 | (537,598 | ) | 368,712 | ||||||||
| Total current assets | 18,709,045 | (2,442,542 | ) | 16,266,503 | ||||||||
| Property and equipment, net | 53,759 | (53,028 | ) | 731 | ||||||||
| Right of use assets | 254,972 | (254,972 | ) | - | ||||||||
| Digital assets | 33,480,376 | - | 33,480,376 | |||||||||
| Intangibles, net | - | - | - | |||||||||
| Goodwill | - | - | - | |||||||||
| Note receivable, related party | - | 3,050,000 | 1 | 3,050,000 | ||||||||
| Other assets | 9,440 | (9,440 | ) | - | ||||||||
| Total assets | $ | 52,507,592 | $ | 290,018 | $ | 52,797,610 | ||||||
| Liabilities and Stockholders’ Equity | ||||||||||||
| Current liabilities: | ||||||||||||
| Accounts payable and accrued expenses | $ | 720,067 | $ | (320,844 | ) | $ | 399,223 | |||||
| Lease liability – current | 159,126 | (159,126 | ) | - | ||||||||
| Note payable – current | - | - | - | |||||||||
| Note payable – related party | - | - | - | |||||||||
| Due to related parties | 1,619 | (1,619 | ) | - | ||||||||
| Total current liabilities | 880,812 | (481,589 | ) | 399,223 | ||||||||
| Lease liability – non-current | 113,972 | (113,972 | ) | - | ||||||||
| Note payable – non-current | - | - | - | |||||||||
| Total liabilities | 994,784 | (595,561 | ) | 399,223 | ||||||||
| Commitments and contingencies (Note 19) | ||||||||||||
| Stockholders’ Equity | ||||||||||||
| Class A Common Stock; $0.0001 par value, 50,000,000 shares authorized as of June 30, 2025; 0 and 1,875,795 shares issued and outstanding as of June 30, 2026 and 2025, respectively | - | - | - | |||||||||
| Common Stock (formerly class B); $0.0001 par value, 6,942,000,000 shares authorized; 226,050,057 and 9,961,227 shares issued and outstanding as of June 30, 2026 and 2025, respectively | 22,605 | - | 22,605 | |||||||||
| Additional paid-in capital | 239,630,545 | - | 239,630,545 | |||||||||
| Other comprehensive income | 67,746 | - | 67,746 | |||||||||
| Accumulated deficit | (188,208,088 | ) | 885,579 | 1 | (187,322,509 | ) | ||||||
| Total stockholders’ equity | 51,512,808 | 885,579 | 52,398,387 | |||||||||
| Total liabilities and stockholders’ equity | $ | 52,507,592 | $ | 290,018 | $ | 52,797,610 | ||||||
| (1) | Reflects the estimated gain (loss) on sale we would have recognized upon completion of the 2026 Dispositions as if the sale occurred as of June 30, 2026. |
| As of June 30, 2026 | ||||
| Sale price | $ | 3,350,000 | ||
| Less: net book value | (2,464,421 | ) | ||
| Less: transaction fees | (195,248 | ) | ||
| Gain on sale of assets | $ | 885,579 | ||
ZONE FRONTIER INC.
UNAUDITED PRO FORMA CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
| As of June 30, 2026 | ||||||||||||
| As Reported | Disposition | Pro Forma | ||||||||||
| Revenue, net | $ | 3,406,434 | $ | (3,406,434 | ) | $ | - | |||||
| Cost of sales (exclusive of depreciation shown separately below) | 2,118,487 | (2,118,487 | ) | - | ||||||||
| Gross profit | 1,287,947 | (1,287,947 | ) | - | ||||||||
| Operating expenses: | ||||||||||||
| General and administrative | 56,492,928 | (16,495,894 | ) | 39,997,034 | ||||||||
| Advertising expense | 276,231 | (149,213 | ) | 127,018 | ||||||||
| Depreciation and amortization expense | 259,598 | (259,517 | ) | 81 | ||||||||
| Goodwill impairment | 2,237,910 | (2,237,910 | ) | - | ||||||||
| Total operating expenses | 59,266,667 | (19,142,534 | ) | 40,124,133 | ||||||||
| Loss from continued operations | (57,978,720 | ) | (17,854,587 | ) | (40,124,133 | ) | ||||||
| Other income (expense) | ||||||||||||
| Interest income (expense), net | 140,365 | 132,238 | 272,603 | |||||||||
| Change in fair value of digital assets | (116,318,363 | ) | - | (116,318,363 | ) | |||||||
| Foreign exchange gain (loss) | (4,146 | ) | 4,146 | - | ||||||||
| Total other income (expense) | $ | (116,182,144 | ) | $ | 136,384 | (116,045,760 | ) | |||||
| Net loss | $ | (174,160,864 | ) | $ | 17,990,971 | $ | (174,160,864 | ) | ||||
| Foreign currency translation adjustment | 67,746 | (67,674 | ) | - | ||||||||
| Total comprehensive loss | $ | (174,093,118 | ) | $ | 17,923,225 | $ | (156,923,225 | ) | ||||
| Net loss per share of Class A and common stock (formerly class B), basic and diluted | $ | (1.04 | ) | $ | 0.10 | $ | (0.94 | ) | ||||
| Weighted average shares used in computing net loss per Class A share, basic and diluted | - | - | - | |||||||||
| Weighted average shares used in computing net loss per Class B share, basic and diluted | 167,097,047 | - | 167,097,047 | |||||||||
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ZONE FRONTIER INC.
UNAUDITED PRO FORMA CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
| As of June 30, 2025 | ||||||||||||
| As Reported | Disposition | Pro Forma | ||||||||||
| Revenue, net | $ | 2,072,834 | $ | (2,072,834 | ) | $ | - | |||||
| Cost of sales (exclusive of depreciation shown separately below) | 1,086,369 | (1,086,369 | ) | - | ||||||||
| Gross profit | 986,465 | (986,465 | ) | - | ||||||||
| Operating expenses: | ||||||||||||
| General and administrative | 7,081,299 | (7,081,299 | ) | - | ||||||||
| Advertising expense | 92,598 | (92,598 | ) | - | ||||||||
| Depreciation and amortization expense | 198,909 | (198,909 | ) | - | ||||||||
| Goodwill impairment | - | - | - | |||||||||
| Total operating expenses | 7,372,806 | (7,372,806 | ) | - | ||||||||
| Loss from continued operations | (6,386,341 | ) | (6,386,341 | ) | - | |||||||
| Other income (expense) | ||||||||||||
| Interest income (expense), net | (356,054 | ) | 356,064 | - | ||||||||
| Change in fair value of digital assets | - | - | - | |||||||||
| Foreign exchange gain (loss) | 120 | (120 | ) | - | ||||||||
| Total other income (expense) | $ | (355,934 | ) | $ | 355,934 | - | ||||||
| Net loss | $ | (6,742,275 | ) | $ | 6,742,275 | $ | - | |||||
| Foreign currency translation adjustment | 21,259 | (21,259 | ) | - | ||||||||
| Total comprehensive loss | $ | (6,721,016 | ) | $ | 6,721,016 | $ | - | |||||
| Net loss per share of Class A and common stock (formerly class B), basic and diluted | $ | (0.79 | ) | $ | 0.79 | $ | - | |||||
| Weighted average shares used in computing net loss per Class A share, basic and diluted | 228,891 | - | 228,891 | |||||||||
| Weighted average shares used in computing net loss per Class B share, basic and diluted | 8,320,481 | - | 8,320,481 | |||||||||
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