ACQUISITION (Tables)

9 Months Ended

Sep. 30, 2025

Summary of Preliminary Estimated Fair Values of Assets Acquired and Liabilities

The following table summarizes the fair values of the assets acquired and liabilities assumed on the Kyber Acquisition Date:

Description		Purchase Price
Purchase price	$	—
Total consideration transferred	$	—


		As of October 31, 2024	Estimated Useful Life (Years)
Assets acquired
Cash	$	1,415,696
Accounts receivables from customers, net		767,052
Prepaid expenses and other assets		109,934
Due from seller		67,443
Customer relationship intangible		1,011,000	6
Trademarks		215,000	9
Total assets acquired		3,586,125

Liabilities assumed
Accrued expenses		321,735
Deferred revenue		2,059,560
Total liabilities assumed		2,381,295

Gain on bargain purchase		1,204,830
Total consideration transferred	$	—

Supplemental Pro Forma Financial Information

The following table presents certain unaudited pro forma financial information for the combined entity as if the Kyber acquisition occurred on January 1, 2023. The unaudited pro forma financial information for the periods presented is provided for illustrative purposes only and is not necessarily indicative of the historical results of operations had the acquisition occurred on January 1, 2023, nor is it indicative of the results of operations in future periods.


		Three Months Ended September 30, 2024			Nine Months Ended September 30, 2024
Revenues	$	5,969,736		$	17,769,761
Net loss	$	(2,526,025	)	$	(9,176,108	)
Basic and diluted net loss per share – on a pro forma basis	$	(0.13	)	$	(0.30	)