TON Strategy Co. Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND SUPPLEMENTAL DISCLOSURES (Tables)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND SUPPLEMENTAL DISCLOSURES (Tables)

3 Months Ended

Mar. 31, 2025

The following table provides information about contract liabilities from contracts with customers, including significant changes in the contract liabilities balance during the period:

SCHEDULE OF CONTRACT LIABILITIES

	March 31, 2025			December 31, 2024

Beginning balance	$	134		$	-

Increase due to deferral of revenue		1,360			167
Decrease due to recognition of revenue		(1,256	)		(33	)

Ending balance	$	238		$	134

SCHEDULE OF CONCENTRATION RISK

	Three Months Ended March 31,
	2025	2024
The Company’s largest customers are presented below as a percentage of the aggregate

Revenues and Accounts receivable	No customers individually over 10%	No customers individually over 10%

The Company’s largest vendors are presented below as a percentage of the aggregate

Purchases	No vendors accounted for greater than 10% of its purchases individually and in the aggregate	One vendor that accounted for 19% of its purchases individually and in the aggregate

SCHEDULE OF SUPPLEMENTAL CASH FLOW INFORMATION

Supplemental Cash Flow Information

	2025		2024
	Three Months Ended March 31,
	2025		2024

Supplemental disclosures of cash flow information:
Cash paid for interest	$	1	$	1
Cash paid for income taxes	$	1	$	-

Supplemental disclosure of non-cash investing and financing activities:
Unpaid offering costs related to common stock offerings	$	-	$	21
Settlement of accounts receivable with non-marketable equity securities		263		-
Fair value of common shares issued as payment on notes payable		-		1,720