For the year ending 2025-09-30, USBC had $5,711,244 increase in cash & cash equivalents over the period. -$7,595,708 in free cash flow.
| Cash Flow | 2025-09-30 |
|---|---|
| Net loss | -22,123,349 |
| Depreciation and amortization | 31,367 |
| Stock based compensation - stock option grants | 7,407,088 |
| Issuance of common stock for services | 1,096,142 |
| Amortization of operating lease right-of-use asset | 119,228 |
| Loss on debt extinguishment | 942,462 |
| Interest expense for default of convertible notes | 748,600 |
| Interest expense for repricing of warrants | 233,916 |
| Interest expense for extension of notes and warrants | 513,499 |
| Amortization of debt issuance costs | 1,185,691 |
| Change in fair value of digital assets | -823,062 |
| Other derivative income, net | 283,154 |
| Deferred income taxes | -172,843 |
| Prepaid expenses | 228,030 |
| Operating lease right-of-use liability | -103,925 |
| Other long-term assets | 125,000 |
| Accounts payable - trade, related parties and accrued expenses | -2,089,538 |
| Net cash used in operating activities | -7,595,708 |
| Purchase of research and development equipment | 0 |
| Net cash used in investing activities | 0 |
| Proceeds from issuance of common stock - goldeneye 1995 llc investment | 15,000,000 |
| Proceeds from issuance of common stock offering, net | 300,000 |
| Proceeds from issuance of common stock for warrant exercise | 0 |
| Proceeds from at the market common stock offering | 1,284,351 |
| Redemption of series h preferred stock | 514,067 |
| Repayment of convertible notes payable | 3,419,332 |
| Proceeds from convertible notes payable | 656,000 |
| Net cash provided by financing activities | 13,306,952 |
| Net increase (decrease) in cash and cash equivalents | 5,711,244 |
| Cash and cash equivalents at beginning of period | 3,110,755 |
| Cash and cash equivalents at end of period | 8,821,999 |
USBC, Inc. (USBC)
USBC, Inc. (USBC)