Stablecoin Development Corp (SDEV)
Stablecoin Development Corp (SDEV)
| Cash Flow | 2026-06-30 | 2026-03-31 | 2025-12-31 |
|---|---|---|---|
| Net income (loss) | -41,070 | 552,403 | -630,780 |
| Net income from discontinued operations, net of taxes | 0 | 0 | -11,081 |
| Staking rewards earned in sky tokens | -2,206 | -2,463 | - |
| Stock-based compensation expense related to employee and director stock awards | 3,236 | 25 | 29 |
| Non-cash loss on extinguishment of secured convertible note | - | - | 0 |
| Unrealized gain on digital assets | -50,633 | 22,674 | - |
| Non-cash expense incurred to obtain consent of secured convertible note holders | - | - | 0 |
| Non-cash loss on fair value of warrant liabilities in excess of proceeds at issuance | 0 | -5,302,617 | - |
| Non-cash gain on changes in fair value of warrant liabilities | -9,292 | -5,837,607 | 509,940 |
| Non-cash loss on fair value of warrant liability in excess of proceeds at issuance | - | - | 123,185 |
| Non-cash loss on changes in fair value of embedded derivative liability | - | - | 0 |
| Non-cash loss on modification of warrants | - | - | 0 |
| Non-cash right-of-use asset amortization | 0 | 0 | 140 |
| Impairment of long-lived assets | 0 | 0 | 854 |
| Amortization of debt discounts on convertible notes | 0 | 3 | 248 |
| Deferred income taxes | - | -3,461 | - |
| Prepaid expenses and other current assets | 479 | -69 | 445 |
| Other assets | -146 | 76 | 85 |
| Accounts payable and accrued liabilities | -2,835 | 2,510 | -37 |
| Operating lease liabilities | -637 | -72 | -398 |
| Net cash used in operating activities, continuing operations | -5,965 | -1,804 | -8,430 |
| Purchases of sky tokens | 7,583 | 76,918 | - |
| Proceeds from redemption of stablecoins | 0 | 51,000 | - |
| Net proceeds from issuance of preferred stock-Series DPreferred Stock | - | - | 3,786 |
| Net cash used in investing activities, continuing operations | -7,583 | -25,918 | - |
| Net proceeds from issuance of preferred stock-Series EPreferred Stock | - | - | 2,049 |
| Proceeds from sale of pre-funded warrants in private placement | 0 | 25,001 | 5,946 |
| Cash payment pursuant to warrant exchange-Series FPreferred Stock | - | - | 525 |
| Proceeds from issuance of common stock in at the market offering, net-At The Market Offering Agreement | 1,830 | 13,394 | - |
| Proceeds from issuance of common stock and pre-funded warrants the 2024 public offering, net of issuance costs-Underwritten Registered Direct Offering | - | - | 0 |
| Proceeds from warrant exercises-Warrants And Prefunded Warrants | 0 | 292 | 852 |
| Proceeds from bridge loan-Bridge Loan | - | - | 0 |
| Payment on redemption of series f preferred stock-Series FPreferred Stock | 0 | 350 | 175 |
| Repayment of bridge loan | 0 | 0 | 500 |
| Dividend paid | - | - | 4,817 |
| Payments on secured convertible notes | - | - | 0 |
| Cash debt issuance cost | - | - | 0 |
| Payments on warrants purchase | 0 | 0 | 2,001 |
| Net cash provided by (used in) financing activities, continuing operations | 1,830 | 38,337 | 4,615 |
| Net decrease in cash, cash equivalents, and restricted cash, continuing operations | -11,718 | 10,615 | -3,815 |
| Net increase in cash and cash equivalents, discontinued operations | 0 | 0 | 11,133 |
| Net (decrease) increase in cash, cash equivalents, and restricted cash | -11,718 | 10,615 | 7,318 |
| Cash, cash equivalents and restricted cash, beginning of period | 18,840 | 8,225 | 907 |
| Cash, cash equivalents and restricted cash of continuing operations, end of period | 7,122 | 18,840 | 8,225 |