Balance Sheet

v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2026
Jun. 30, 2025
Current assets    
Cash $ 3,482,847 $ 2,975,150
Accounts receivable, net 496,393 157,515
Inventory, net 215,237 1,152,870
Due from VitaMedica transition 336,239 228,017
Prepaid expenses and other receivables 990,957 350,836
Current digital assets at fair value 114,942,784 49,913,655
Purchase price receivable - VitaMedica 1,340,000 2,000,000
Total current assets 121,804,457 56,778,043
Property and equipment, net 241,215 2,052,573
Intangible assets, net 855,543 163,113
Goodwill 673,854 848,854
Deferred tax asset 5,948,858 5,948,858
Digital assets at fair value, net of current 69,960,104 56,083,525
Other assets 178,589 192,123
Right-of-use asset, net 711,063 1,739,755
Total noncurrent assets 78,569,226 67,028,801
Total assets 200,373,683 123,806,844
Current liabilities    
Accounts payable 288,722 1,039,370
Accrued compensation 4,506,613 3,470,296
Deferred revenue 2,324 13,155
Accrued liabilities 2,166,822 356,064
Accrued interest 2,268,473 792,449
Acquisition payable 260,652 260,652
Current portion of promissory notes 0 560,000
Short-term treasury debt 57,295,723 20,000,000
Current portion of Cygnet subsidiary notes payable 3,694,721 5,380,910
Current portion of operating lease payable 339,669 691,010
Total current liabilities 70,823,719 32,563,906
Operating lease payable, net of current portion 437,077 1,145,440
Convertible notes payable 181,031,073 0
Total long-term liabilities 181,468,150 1,145,440
Stockholders' equity    
Preferred stock, $0.00001 par value, 10,000,000 shares authorized, and 150,000 shares issued and outstanding 2 2
Common stock, $0.00001 par value, 1,000,000,000 shares authorized, 66,895,799 and 38,270,571 shares issued, as of March 31, 2026 and June 30, 2025, respectively 669 383
Additional paid in capital 230,145,603 150,640,935
Accumulated deficit (282,064,460) (60,543,822)
Total stockholders' equity (51,918,186) 90,097,498
Total liabilities and stockholders' equity $ 200,373,683 $ 123,806,844

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