MGTI: the balance sheet

MyFinsight

For the quarter ending 2026-03-31, MGTI has $224K in assets. $2,312K in debts.

Balance Sheets	2026-03-31	2025-12-31
Property and equipment, at cost, net	0	-
Cash and cash equivalents	218	103
Other current assets	6	3
Total current assets	224	106
Total assets	224	106

Accounts payable-Nonrelated Party	409	458
Accounts payable-Related Party	45	45
Accrued expenses and other payables	302	333
Note payable, related party-Related Party	15	15
Common stock to be issued	360	360
Total current liabilities	1,131	1,211
Convertible note payable, net of unamortized discount of 39 and 44	1,181	1,176
Total liabilities	2,312	2,387
Common stock, 0.001 par value 10,000,000,000 shares authorized 5,015,670,903 and 4,640,670,903 shares issued and outstanding at march 31, 2026 and december 31, 2025	5,016	4,641
Additional paid-in capital	419,815	419,815
Accumulated deficit	-426,919	-426,737
Total stockholders deficit	-2,088	-2,281
Total liabilities and stockholders deficit	224	106

Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.