v3.26.3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended
Sep. 30, 2026
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Summary of reconciliation of cash and restricted cash

​

​

​

​

​

Cash and cash equivalents

​

$

22,645,058

Cash segregated under federal and other regulations

​

​

4,167,036

​

​

$

26,812,094

Schedule of breakdown of the StartEngine private assets held by industry

​

​

​

​

​

​

​

​

Industry

​

September 30, 2026

​

December 31, 2025

AI Chips

​

$

2,587,600

​

$

1,689,039

Sales Technology

​

​

7,673

​

​

113,200

AI Software

​

​

7,704,948

​

​

8,797,502

Software Development

​

​

20,174

​

​

20,174

Medical Technology

​

​

23

​

​

134,884

Blockchain Technology

​

​

142,513

​

​

57,200

Rare Earth Materials

​

​

435,218

​

​

375,375

Advanced Materials

​

​

918

​

​

215,180

Banking

​

​

335,183

​

​

-

AI Vehicles

​

​

-

​

​

143,187

Defense Technology

​

​

506,399

​

​

298,254

Prediction Markets

​

​

2,116,958

​

​

843,750

Robotics

​

​

9,540

​

​

270,509

Energy

​

​

1,645,001

​

​

-

Space Technology

​

​

4,735,149

​

​

1,031,907

Total

​

$

20,247,297

​

$

13,990,161

Schedule of assets and liabilities that are measured at fair value

The following fair value hierarchy table presents information about the assets and liabilities that are measured at fair value as of September 30, 2026:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

  ​ ​ ​

Total

Marketable securities

​

 

—

​

 

189,521

​

 

—

​

 

189,521

Investment - warrants

​

 

—

​

 

—

​

 

54,021

​

 

54,021

Investment - stock

​

​

1,452

​

​

—

​

​

8,376,323

​

​

8,377,775

Non-Fungible Token ("NFT")

​

​

718

​

​

—

​

​

—

​

​

718

​

​

$

2,170

​

$

189,521

​

$

8,430,344

​

$

8,622,035

​

The following fair value hierarchy table presents information about the assets and liabilities that are measured at fair value as of December 31, 2025:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

  ​ ​ ​

Total

Marketable securities

​

 

—

​

 

1,856

​

 

—

​

 

1,856

Investment - warrants

​

 

—

​

 

—

​

 

54,021

​

 

54,021

Investment - stock

​

​

5,895

​

​

—

​

​

9,137,102

​

 

9,142,997

Non-Fungible Token ("NFT")

​

​

718

​

​

—

​

​

—

​

​

718

​

​

$

6,613

​

$

1,856

​

$

9,191,123

​

$

9,199,592

Schedule of additional information about transfers in and out of Level 3 assets measured at fair value

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​

​

​

​

​

  ​ ​ ​

Investments-

​

​

Warrants

Fair value at December 31, 2025

 

$

54,021

Receipt of warrants

 

​

—

Change in fair value of warrants

 

​

—

Fair value at September 30, 2026

​

$

54,021

​

​

​

​

​

​

  ​ ​ ​

Investments-

​

​

Stock

Fair value at December 31, 2025

 

$

9,137,102

Receipt of stock

 

​

543,639

Impairment of stock

 

​

(1,304,418)

Fair value at September 30, 2026

​

$

8,376,323

Schedule of range of variables used in valuing Level 3 warrant assets

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​

​

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​

​

​

  ​ ​ ​

2026

  ​ ​ ​

Expected life (years)

 

​

0.17 -3.08

​

Risk-free interest rate

 

​

3.73

%  

Expected volatility

 

​

75.0 - 160.0

%  

Annual dividend yield

​

​

0

%  

Underlying share values

​

$

0.43 - 2.50

​

Strike Prices

​

$

0.30 - $100.00

​

Schedule of breakdown of the types of collectibles and their value held

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​

​

​

​

​

​

​

​

​

Period Ended September 30, 

​

Period Ended December 31, 

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  ​ ​ ​

2026

  ​ ​ ​

2025

​

​

​

​

​

​

​

Wine

​

$

278,360

​

$

278,360

Trading Cards

​

 

466,484

​

 

466,484

Artwork

​

 

1,322,942

​

 

1,322,942

Comic Books

​

 

240,451

​

 

240,451

NFT

​

 

718

​

 

718

Watches

​

 

53,128

​

 

53,128

Vinovest

​

​

3,636,784

​

​

—

​

​

​

​

​

​

​

Total collectibles

​

$

5,998,867

​

$

2,362,083

Schedule of disaggregation of revenues

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​

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​

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​

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  ​ ​ ​

Three Months 

  ​ ​ ​

Three Months 

  ​ ​ ​

Nine Months

  ​ ​ ​

Nine Months

​

​

​

Ended September 30, 

​

Ended September 30, 

​

Ended September 30, 

​

Ended September 30, 

​

​

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2026

  ​ ​ ​

2025

​

​

​

​

​

​

​

​

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​

​

​

​

​

​

Regulation Crowdfunding platform fees

​

$

1,342,902

​

$

2,104,571

​

$

4,732,083

​

$

6,274,866

​

Regulation A commissions

​

 

362,002

​

 

653,056

​

 

1,285,413

​

 

2,903,462

​

StartEngine Premium

​

 

532,170

​

 

730,500

​

 

1,226,770

​

 

2,321,935

​

StartEngine Secure

​

 

305,134

​

 

308,930

​

 

933,092

​

 

966,013

​

StartEngine Private

​

 

31,160,395

​

 

17,176,974

​

 

87,511,810

​

 

75,902,512

​

Venture Club revenue

​

 

1,275,393

​

 

1,440,674

​

 

3,970,751

​

 

4,174,606

​

Vinovest

​

​

3,448,383

​

​

—

​

​

7,680,650

​

​

—

​

Other service revenue

​

 

213,412

​

 

186,097

​

 

580,956

​

 

232,483

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total revenues

​

$

38,639,791

​

$

22,600,802

​

$

107,921,525

​

$

92,775,877

​

Schedule of calculation of weighted average shares outstanding - basic and diluted

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​

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​

Three Months Ended September 30, 

​

​

Nine Months Ended September 30, 

​

  ​ ​ ​

​

2026

 

​

2026

Net income (loss) attributable to common shareholders

​

$

(3,135,982)

​

$

(3,543,612)

Weighted average shares outstanding - basic and diluted

​

​

758,393,038

​

​

754,958,818

Effect of dilutive restricted stock units

​

​

—

​

​

—

Effect of dilutive stock options

​

​

—

​

​

—

Effect of convertible preferred shares

​

​

—

​

​

—

Weighted average shares outstanding - basic and diluted

 

​

758,393,038

​

​

754,958,818

​

​

​

​

​

​

​

Basic earnings (loss) per share

​

​

(0.00)

​

​

(0.00)

Diluted earnings (loss) per share

​

​

(0.00)

​

​

(0.00)

​

​

​

​

​

​

​

​

​

​

Three Months Ended September 30, 

 

​

Nine Months Ended September 30, 

​

  ​ ​ ​

​

2025

 

​

2025

Net income attributable to common shareholders

​

$

1,161,059

​

$

6,156,411

Weighted average shares outstanding - basic

​

​

739,094,644

​

​

717,459,180

Effect of dilutive stock options

​

​

82,395,710

​

​

82,395,710

Effect of convertible preferred shares

 

​

399,855,900

​

​

399,855,900

Weighted average shares outstanding - diluted

​

​

1,221,346,254

​

​

1,199,710,790

​

​

​

​

​

​

​

Basic earnings per share

​

​

0.00

​

​

0.01

Diluted earnings per share

​

​

0.00

​

​

0.01