The latest financial statement is for the year ending 2025-12-31.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Change in fair value of convertible debenture | - | - | 1,230,234 |
| Amortization of loan costs | - | 0 | 459,148 |
| Amortization of debt discount | 0 | 71,781 | 10,714 |
| Accrued interest on convertible debenture | - | - | 299,648 |
| Amortization of prepaid stock issued for services | - | 0 | 129,000 |
| Change in fair value | - | 255,819 | - |
| Accrued interest on convertible debenture | - | 0 | - |
| Change in fair value | 0 | - | - |
| Net income (loss) from discontinued operations, net of tax | - | - | -2,994,584 |
| Deferred tax expense | 0 | -7,155 | -6,206 |
| Net loss | - | - | -14,243,182 |
| Other receivable | 0 | 272,813 | - |
| Depreciation and amortization | 9,000 | 12,102 | 107,414 |
| Stock-based compensation expense | 13,661,000 | 148,524 | 261,373 |
| Stock-based compensation expense, related party | 16,510,000 | - | - |
| Impairment on crypto assets at cost | 140,208,000 | - | - |
| Stock-based bonus accrual | 5,040,000 | - | - |
| Unrealized loss on crypto assets at fair value, net | -616,173,000 | - | - |
| Realized gain from liquid staking | 54,715,000 | - | - |
| Realized gain on equity contributions in crypto assets | 498,000 | - | - |
| Goodwill and intangible asset impairment | - | 0 | 2,464,732 |
| Rewards from liquid staking | 1,412,000 | - | - |
| Loss on disposal of equipment | - | 0 | -12,607 |
| Rewards from native staking | 25,126,000 | - | - |
| Accounts receivable | -161,000 | -162,288 | -25,754 |
| Due from rsports interactive, inc | - | 307 | - |
| Prepaid expenses | - | - | 6,390 |
| Prepaid expenses and other current assets | 19,000 | -73,115 | - |
| Accounts payable and accrued expenses | 7,233,000 | -1,314,126 | 1,344,158 |
| Usdc rewards received from vendor | 190,000 | - | - |
| Net loss from continuing operations | -734,516,000 | -4,473,643 | -11,248,598 |
| Net cash used in operating activities continuing operations | -17,481,000 | -5,856,053 | -7,910,996 |
| Net cash used in operating activities - discontinued operations | -61,000 | -16,958,433 | 8,493,883 |
| Net cash used in operating activities | -17,542,000 | -22,814,486 | 582,887 |
| Net cash used in investing activities - discontinued operations | 0 | -18,857,834 | -745,951 |
| Proceeds from sale of intellectual property | 0 | 150,000 | - |
| Capital expenditures for equipment | 11,000 | 1,719 | 12,147 |
| Crypto assets purchased | 2,614,612,000 | - | - |
| Usdc stablecoin purchased | 445,097,000 | - | - |
| Capital expenditures for internally developed software | - | 0 | 273,999 |
| Usdc stablecoin redemptions | 105,581,000 | - | - |
| Net cash provided by (used in) investing activities continuing operations | -2,954,139,000 | 148,281 | -286,146 |
| Net cash used for investing activities | -2,954,139,000 | -18,709,553 | -1,032,097 |
| Net cash used in financing activities - discontinued operations | 0 | -5,835,352 | 481,575 |
| Proceeds from convertible debenture and purchase warrants | 0 | -4,148,571 | 4,000,000 |
| Principle and interest convertible debenture repayments | - | 0 | 419,048 |
| Proceeds from line of credit | 0 | 550,000 | 6,350,000 |
| Repayment of line of credit | 0 | 6,900,000 | - |
| Principal payments on long-term debt | 0 | 2,070,479 | 620,173 |
| Proceeds from exercise of warrants | 0 | 159,892 | - |
| Gross proceeds from sale of common stock | 2,147,073,000 | 869,275 | - |
| Issuance costs paid related to sale of common stock | 57,187,000 | - | - |
| Gross proceeds from private placements | 983,095,000 | - | - |
| Issuance costs paid related to private placements | 42,574,000 | - | - |
| Debt issuance fees | - | 0 | 7,500 |
| Repurchases of common stock (treasury cost) | 31,692,000 | - | - |
| Net cash generated by (used in) financing activities continuing operations | 2,998,715,000 | -11,539,883 | 9,303,279 |
| Net cash generated by (used in) financing activities | 2,998,715,000 | -17,375,235 | 9,784,854 |
| Net change in cash | 27,034,000 | - | - |
| Net change in cash | 27,034,000 | -58,899,274 | 9,335,644 |
| Cash and restricted cash, beginning of period including discontinued operations | 1,542,000 | 60,441,130 | 51,105,486 |
| Cash and restricted cash, end of period including discontinued operations | 28,576,000 | 1,541,856 | 60,441,130 |
| Less cash from discontinued operations | 37,000 | - | - |
| Cash, end of period | 28,539,000 | - | - |
Sharplink, Inc. (SBET)
Sharplink, Inc. (SBET)