DIGITAL ASSET HOLDINGS (Tables)
|
9 Months Ended |
Sep. 30, 2025 |
|---|
| Goodwill and Intangible Assets Disclosure [Abstract] |
|
| SCHEDULE OF FAIR VALUE OF DIGITAL ASSETS |
The
following table sets forth the units held, cost basis, and fair value of digital assets held, as shown on the condensed consolidated
balance sheets as of September 30, 2025:
SCHEDULE
OF FAIR VALUE OF DIGITAL ASSETS
| |
|
Units |
|
|
Cost Basis |
|
|
Fair Value |
|
| |
|
|
|
|
|
|
|
|
|
| Balance, September 30, 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
| TON |
|
|
217,865,237 |
|
|
$ |
727,218 |
|
|
$ |
587,800 |
|
| USDT |
|
|
441,240 |
|
|
|
441 |
|
|
|
442 |
|
| Total |
|
|
218,306,477 |
|
|
$ |
727,659 |
|
|
$ |
588,242 |
|
|
| SCHEDULE OF UNRESTRICTED DIGITAL ASSETS |
The
following table represents a reconciliation of TON – Unrestricted digital assets held at September 30, 2025:
SCHEDULE
OF UNRESTRICTED DIGITAL ASSETS
| |
|
For the three and
nine months ended
September 30, 2025 |
|
| |
|
|
|
| Fair Value, December 31, 2024 |
|
$ |
- |
|
| Non-cash contributions from PIPE |
|
|
66,136 |
|
| Non-cash purchase |
|
|
5,816 |
|
| Receipt of TON from staking |
|
|
1,006 |
|
| Miscellaneous deposits |
|
|
6 |
|
| Non-cash transaction fees |
|
|
(23 |
) |
| Vesting of locked TON |
|
|
3,041 |
|
| Unrealized loss |
|
|
(13,855 |
) |
| Fair Value, September 30, 2025 |
|
$ |
62,127 |
|
|
| SCHEDULE OF RESTRICTED DIGITAL ASSETS |
The
following table represents a reconciliation of TON – Restricted digital assets held at September 30, 2025:
SCHEDULE
OF RESTRICTED DIGITAL ASSETS
| |
|
For the three and
nine months ended
September 30, 2025 |
|
| |
|
|
|
| Fair Value, December 31, 2024 |
|
$ |
- |
|
| Non-cash contributions from PIPE |
|
|
59,568 |
|
| Non-cash purchase |
|
|
594,708 |
|
| Vesting of locked TON |
|
|
(3,041 |
) |
| Unrealized loss |
|
|
(125,562 |
) |
| Fair Value, September 30, 2025 |
|
$ |
525,673 |
|
|
| SCHEDULE OF USDT DIGITAL ASSETS |
The
following table represents a reconciliation of USDT digital assets held at September 30, 2025:
SCHEDULE
OF USDT DIGITAL ASSETS
| |
|
For the three and
nine months ended
September 30, 2025 |
|
| |
|
|
|
| Fair Value, December 31, 2024 |
|
$ |
- |
|
| Non-cash contributions from PIPE |
|
|
17,475 |
|
| Purchases |
|
|
295,000 |
|
| Non-cash purchase |
|
|
28,943 |
|
| Non-cash transaction fees |
|
|
(222 |
) |
| USDT used for purchases of TON |
|
|
(340,754 |
) |
| Unrealized gain |
|
|
- |
|
| Fair Value, September 30, 2025 |
|
$ |
442 |
|
|
| SCHEDULE OF USDC DIGITAL ASSETS |
The following table represents
a reconciliation of United States Dollar Coin (“USDC”) digital assets held at September 30, 2025:
SCHEDULE
OF USDC DIGITAL ASSETS
| |
|
For the three and
nine months ended
September 30, 2025 |
|
| |
|
|
|
| Fair Value, December 31, 2024 |
|
$ |
- |
|
| Non-cash contributions from PIPE |
|
|
28,936 |
|
| USDC used for purchase of USDT |
|
|
(28,936 |
) |
| Unrealized gain |
|
|
- |
|
| Fair Value, September 30, 2025 |
|
$ |
- |
|
|
| SCHEDULE OF FAIR VALUE OF UNRESTRICTED AND RESTRICTED TON DIGITAL ASSETS |
The
following table sets forth the fair value of unrestricted and restricted TON digital assets held, as shown on the condensed consolidated
balance sheets as of September 30, 2025:
SCHEDULE
OF FAIR VALUE OF UNRESTRICTED AND RESTRICTED TON DIGITAL ASSETS
| |
|
September 30,
2025 |
|
|
December 31,
2024 |
|
| |
|
|
|
|
|
|
| TON – Unrestricted |
|
$ |
62,129 |
|
|
$ |
-
|
|
| TON – Restricted |
|
|
525,671 |
|
|
|
- |
|
| Total |
|
$ |
587,800 |
|
|
$ |
- |
|
|
| SCHEDULE OF UNITS OF TON VEST |
SCHEDULE
OF UNITS OF TON VEST
| Year ending |
|
TON units to vest |
|
| 2025 remaining |
|
|
1,543,959 |
|
| 2026 |
|
|
65,927,039 |
|
| 2027 |
|
|
50,862,965 |
|
| 2028 |
|
|
46,774,805 |
|
| 2029 |
|
|
29,729,212 |
|
| Total units of TON to vest |
|
|
194,837,980 |
|
|