For the quarter ending 2026-03-31, HSDT had -$2,887K decrease in cash & cash equivalents over the period.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Foreign exchange (gain) loss | - | - | - | 623 |
| Depreciation expense | - | - | - | 17 |
| Warrant-related offering costs expensed | - | - | - | 448 |
| Change in fair value of derivative liability | - | 520,324 | 423,313 | -5,919 |
| Net loss | -99,799 | 325,551 | -352,770 | -13,671 |
| Amortization of debt discount and imputed interest expense | - | 0 | 0 | 680 |
| Financing costs | - | 0 | 195,185 | - |
| Loss on derivative liability | - | 6,000 | -545,733 | - |
| Staking revenue | 3,417 | 5,127 | 342 | - |
| Net change in fair value of digital assets and digital assets receivable | -89,198 | -208,855 | - | - |
| Net change in fair value of digital assets fund investment | -1,685 | -2,053 | - | - |
| Net change in fair value of digital assets | - | - | -30,540 | - |
| Realized loss on sale of digital assets | -6,987 | -12,127 | - | - |
| Other receivables | - | - | - | -484 |
| Stock-based compensation expense | 90 | 7,746 | 473 | 1,031 |
| Non-cash operating lease expense | - | - | - | 11 |
| Operating lease liabilities | - | - | - | -12 |
| Other | -201 | 199 | 351 | - |
| Provision for (reversal of) inventory reserve | - | - | - | 5 |
| Inventory | - | -12 | -14 | 111 |
| Accounts receivable | - | - | - | -59 |
| Prepaid expense and other current assets | -427 | 1,263 | -642 | -169 |
| Deferred revenue | - | - | - | -20 |
| Accounts payable | 113 | 461 | 465 | 91 |
| Accrued and other current liabilities | -316 | 471 | 130 | -770 |
| Other liabilities | - | 0 | -81 | - |
| Net cash used in operating activities | -4,831 | -6,177 | -4,044 | -6,293 |
| Digital assets purchased | - | 153,296 | 267,383 | - |
| Digital assets sold | 5,468 | 47,229 | - | - |
| Digital assets receivable purchased | - | 44,779 | - | - |
| Digital assets fund investment | - | 8,303 | - | - |
| Net cash provided by investing activities | 5,468 | -159,149 | -267,383 | - |
| Proceeds from issuance of warrants | - | - | - | 3,692 |
| Proceeds from issuance of common stock and common stock warrants in public offering | - | - | 23,283 | - |
| Proceeds from issuance of common stock in atm | - | 24,154 | - | 5,749 |
| Proceeds from issuance of warrants and common stock warrants in private placement | - | 43,349 | 390,039 | - |
| Proceeds from exercise of warrants | - | 311 | -310 | 3,734 |
| Share issuance costs | - | 1,723 | 14,172 | 1,212 |
| Proceeds from issuance of notes payable | - | 0 | 0 | 880 |
| Repayment of notes payable | - | 0 | 0 | 1,560 |
| Repurchase of common stock | 3,524 | - | - | - |
| Net cash (used in) provided by financing activities | -3,524 | 48,557 | 389,399 | 11,283 |
| Effect of currency exchange rate changes on cash and cash equivalents | - | 0 | 1 | - |
| Net (decrease) increase in cash and cash equivalents | -2,887 | -116,769 | 117,973 | 4,990 |
| Cash and cash equivalents at beginning of period | 7,282 | 124,051 | 1,088 | - |
| Cash and cash equivalents at end of period | 4,395 | 7,282 | 124,051 | - |
Solana Co (HSDT)
Solana Co (HSDT)