net income -$2.0M.

Filed May 19, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 20, 2025 · ~1 min read

Key Changes

• high

  Q1 2026 digital asset operations generated a $313k net loss driven by unrealized Bitcoin fair-value declines.

  MD&A: Digital Asset Treasury Strategy verify on EDGAR →
• high

  Material weakness in financial controls persists after one year of remediation efforts. New complexities from currency change, digital asset accounting, derivatives, and convertible debt have increased control environment challenges.

  Controls and Procedures verify on EDGAR →
• high

  Company raised $6.4M in Q1 2026 through convertible debentures and warrants from Yorkville, plus $700k in April 2026. Cash position declined to $237k as of March 31, 2026, down from €801k in prior year.

  MD&A: Liquidity verify on EDGAR →