For the year ending 2025-12-31, HSDT made $6,017K in revenue. -$41,484K in net income. Net profit margin of -689.45%.
| Income Statement | 2025-12-31 | 2024-12-31 | ||
|---|---|---|---|---|
| Total revenue | 6,017 | 520 | ||
| Cost of revenue | 500 | 582 | ||
| Gross profit (loss) | 5,517 | -62 | ||
| Selling, general and administrative expenses | 23,127 | 10,118 | ||
| Research and development expenses | 3,511 | 3,659 | ||
| Unrealized loss on digital assets and digital assets receivable | -208,855 | - | ||
| Realized loss on digital assets | -12,127 | - | ||
| Fixed asset impairment | - | 40 | ||
| Unrealized loss on digital assets fund investment | -2,053 | - | ||
| Amortization expense | - | 24 | ||
| Realized gain on digital asset derivatives | 316 | - | ||
| Total operating expenses | 249,357 | 13,841 | ||
| Loss from operations | -243,840 | -13,903 | ||
| Other income, net | - | 203 | ||
| Interest expense, net | -635 | -17 | ||
| Foreign exchange gain (loss) and other income | 785 | -1,006 | ||
| Change in fair value of derivative liability | 937,718 | 2,981 | ||
| Loss on derivative liability | -539,733 | - | ||
| Financing costs | 195,185 | - | ||
| Nonoperating income, net | 202,950 | 2,161 | ||
| Loss before provision for income taxes | -40,890 | -11,742 | ||
| Income tax benefit at united states federal statutory rate | 8,587 | - | ||
| State and local income taxes, net of federal income tax effect | 0 | - | ||
| Foreign income taxed at foreign rate | -128 | - | ||
| Changes in valuation allowance | -41,457 | - | ||
| Change in fair value of derivative liability | 83,577 | - | ||
| Equity financing costs | -40,989 | - | ||
| Other nontaxable or nondeductible items | 58 | - | ||
| Section 162 compensation | -1,334 | - | ||
| Unrealizable federal net operating losses | -8,306 | - | ||
| Other reconciling items | -8 | - | ||
| Provision for income taxes | 0 | 0 | ||
| Net loss | -40,890 | -11,742 | ||
| Foreign currency translation adjustments | -594 | 1,006 | ||
| Comprehensive loss | -41,484 | -10,736 | ||
| Basic EPS | -1.85 | -4.33 | ||
| Diluted EPS | -1.85 | -4.33 | ||
| Basic Average Shares | 22,047,841 | 2,709,781 | ||
| Diluted Average Shares | 22,047,841 | 2,709,781 | ||
Solana Co (HSDT)
Solana Co (HSDT)