For the quarter ending 2026-03-31.
| Income Statement | 2026-03-31 | 2025-12-31 | 2025-09-30 | |
|---|---|---|---|---|
| Loss (gain) on extinguishment of warrant liability | - | - | 0 | |
| Revenue | 2,511,000 | 763,066* | 525,915 | |
| Other income | - | - | 0 | |
| Research and development | - | -125,649* | 48,141 | |
| Intangible asset impairment | - | - | 0 | |
| Sales and marketing | - | 6,100* | 45,087 | |
| Severance expense | - | 356,087* | 0 | |
| Write-off inventory | - | 5,961* | 0 | |
| Cost of revenue, excluding depreciation | 1,198,000 | 632,943* | 265,908 | |
| Bitcoin operating costs | 42,000 | - | - | |
| Consulting | - | 439,443* | 2,605 | |
| Investor and public relations | - | -301,672* | 290,622 | |
| Lease expense | - | 21,370* | 9,476 | |
| Office and administrative | - | 575,883* | 186,167 | |
| Professional fees | - | 498,901* | 198,142 | |
| Selling, general and administrative | 2,266,000 | - | - | |
| Repairs and maintenance | 80,000 | -232,583* | 207,002 | |
| Share-based compensation | 253,000 | -1,894,168* | 1,138,108 | |
| Depreciation and amortization | 253,000 | 270,919* | 311,069 | |
| Shareholder and regulatory | - | 143,641* | 31,694 | |
| Travel and entertainment | - | 69,615* | 821 | |
| Unrealized loss on market valuation of digital assets | 36,302,000 | 3,005,606.75* | - | |
| Wages and salaries | - | 448,971* | 547,512 | |
| Impairment of liquid staking tokens | 1,127,000 | 1,390,806.75* | - | |
| Bitcoin unrealized (gain) loss market valuation | - | - | 259 | |
| Loss on disposal of operating assets | -259,000 | - | - | |
| Realized gain on sale of bitcoin | - | - | 48,371 | |
| Realized loss on digital asset transactions | -5,297,000 | 21,682* | - | |
| Total operating expenses | 47,077,000 | 5,290,493.5* | 3,137,442 | |
| Operating loss | -44,566,000 | -4,527,427.5* | -2,611,527 | |
| Change in fair value of derivative liabilities | 0 | 2,976,911* | 0 | |
| Foreign exchange loss | 0 | -92,677* | 4,078 | |
| Gain on conversion of convertible debt | 0 | 86,563* | 0 | |
| Gain on debt extinguishment | 0 | -3,546,667.5* | -5,389,071 | |
| Accretion of interest on debentures | 1,818,000 | 1,998,198* | 383,290 | |
| Other (income) expense | - | -8,312.75* | - | |
| Other expense | 7,000 | - | 15,657 | |
| Total other (expenses) income, net | -1,825,000 | -2,582,381.25* | - | |
| Net (loss) income from continuing operations | -46,391,000 | -7,109,808.75* | -8,395,467 | |
| Gain (loss) from operations of discontinued component | - | - | 20,511 | |
| Loss from operations of discontinued operations | 0 | -80,047.25* | - | |
| Loss on disposal of discontinued operations | - | -951,372* | 23,630 | |
| Net loss | -46,391,000 | -8,141,228* | -8,351,326 | |
| Foreign currency translation | 0 | 37,157* | 0 | |
| Comprehensive loss attributable to common shareholders | -46,391,000 | -8,104,071 | -8,351,326 | |
| Basic EPS | -0.48 | -0.259 | -5.55 | |
| Diluted EPS | -0.48 | -0.255 | -5.55 | |
| Basic Average Shares | 97,525 | 31,276,548 | 1,505,204 | |
| Diluted Average Shares | 97,525 | 31,787,846 | 1,505,204 | |
AVAX ONE TECHNOLOGY LTD. (AVX)
AVAX ONE TECHNOLOGY LTD. (AVX)