| Income Statement | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Total revenue | 3,621 | 5,228 | 697 | 43 |
| Cost of revenue | 180 | 180 | 103 | 96 |
| Gross profit (loss) | 3,441 | 5,048 | 594 | -53 |
| Selling, general and administrative expenses | NaN | 13,040 | 4,646 | 2,447 |
| Research and development expenses | NaN | 886 | 858 | 822 |
| General and administrative expenses | 5,189 | NaN | NaN | NaN |
| Unrealized loss on digital assets and digital assets receivable | -89,198 | -188,713* | NaN | NaN |
| Realized loss on digital assets | -6,987 | -3,032* | NaN | NaN |
| Unrealized loss on digital assets fund investment | -1,685 | -513* | NaN | NaN |
| Unrealized loss on digital assets | NaN | NaN | -30,540 | NaN |
| Realized gain on digital asset derivatives | NaN | 79* | NaN | NaN |
| Total operating expenses | 103,059 | 206,105 | 36,044 | 3,269 |
| Loss from operations | -99,618 | -201,057 | -35,450 | -3,322 |
| Interest expense, net | NaN | 0 | -1 | -628 |
| Foreign exchange loss (gain) and other income | NaN | -137* | NaN | 565 |
| Other (expense) income | -181 | NaN | -154 | -420 |
| Change in fair value of derivative liability | NaN | 520,324 | 423,313 | -6,028 |
| Gain on derivative liability | NaN | -382,624* | -545,733 | NaN |
| Financing costs | NaN | -389,044* | 194,743 | NaN |
| Nonoperating income, net | -181 | 526,606 | -317,318 | -6,511 |
| Gain before provision for income taxes | -99,799 | 325,549 | -352,768 | -9,833 |
| Income tax benefit at united states federal statutory rate | NaN | 2,147* | NaN | NaN |
| State and local income taxes, net of federal income tax effect | NaN | 0* | NaN | NaN |
| Foreign income taxed at foreign rate | NaN | -32* | NaN | NaN |
| Changes in valuation allowance | NaN | -10,364* | NaN | NaN |
| Change in fair value of derivative liability | NaN | 20,894* | NaN | NaN |
| Equity financing costs | NaN | -10,247* | NaN | NaN |
| Other nontaxable or nondeductible items | NaN | 15* | NaN | NaN |
| Section 162 compensation | NaN | -333* | NaN | NaN |
| Unrealizable federal net operating losses | NaN | -2,076* | NaN | NaN |
| Other reconciling items | NaN | -2* | NaN | NaN |
| Provision for income taxes | 0 | 0 | 0 | 0 |
| Net gain | -99,799 | 325,549 | -352,768 | -9,833 |
| Foreign currency translation adjustments | 217 | -201 | 235 | -577 |
| Comprehensive gain | -99,582 | 325,348 | -352,533 | -10,410 |
| Basic EPS | -1.3 | 14.756 | -32.89 | -79.73 |
| Diluted EPS | -1.3 | 14.756 | -32.89 | -79.73 |
| Basic Average Shares | 76,736,156 | 22,047,841* | 10,724,112 | 123,335 |
| Diluted Average Shares | 76,736,156 | 22,047,841* | 10,724,112 | 123,335 |
Solana Co (HSDT)
Solana Co (HSDT)