StableCoinX Inc. 10-Q

Financial Statements (unaudited)

Item 1. Financial Statements StablecoinX Inc. and Subsidiaries Condensed Consolidated Balance Sheets As of June 30, 2026 and December 31, 2025 (Unaudited) Field: Rule-Page Field: /Rule-Page As of: June 30, December 31, 2026 2025 Assets: Current assets: Cash $ 18,856,144 $ 18,708 Digital assets receivable - related party 61,468 - Digital assets - restricted 53,366 97,912 Prepaid insurance 25,210 105,065 Prepaid expenses and other current assets 42,149 10,000 Total current assets 19,038,337 231,685 Digital intangible assets 212,918,841 - Intangible assets, net 602,000 452,250 Total assets $ 232,559,178 $ 683,935 Liabilities and stockholders’ equity: Current liabilities: Convertible demand notes payable - former sponsors $ 6,879,325 $ - Demand notes - related party 118,796 97,912 Accounts payable 216,764 4,386 Accounts payable - related party 340,000 20,800 Accrued expenses 6,022,119 39,900 Total current liabilities 13,577,004 162,998 Warrant liability 4,715,000 - Total liabilities 18,292,004 162,998 Commitments and contingencies (Note 13) Stockholders’ equity: Preferred stock - $ 0.0001 par value; 1,000,000 and zero shares authorized at June 30, 2026 and December 31, 2025, respectively; zero shares issued or outstanding at June 30, 2026 and December 31, 2025, respectively Class A common stock - $ 0.0001 par value; 500,000,000 and 50,000,000 shares authorized at June 30, 2026 and December 31, 2025, respectively; 24,029,375 and zero shares issued or outstanding at June 30, 2026 and December 31, 2025, respectively 2,403 - Class B common stock - $ 0.0001 par value; 50,000,000 and 10,000,000 shares authorized as of June 30, 2026 and December 31, 2025, respectively; 3,157,754 and 700,000 shares issued or outstanding as of June 30, 2026 and December 31, 2025, respectively; 316 70 Additional paid-in capital 249,170,198 802,430 Accumulated deficit ( 34,905,743 ) ( 281,563 ) Total stockholders’ equity 214,267,174 520,937 Total liabilities and stockholders’ equity $ 232,559,178 $ 683,935 See accompanying notes to the condensed consolidated financial statements. Field: Page; Sequence: 5; Options: NewSection; Value: 1 Field: Sequence; Type: Arabic; Name: PageNo 1 Field: /Sequence Field: /Page StablecoinX Inc. and Subsidiaries Condensed Consolidated Statements of Operations For the three and six months ended June 30, 2026 and for the Period from June 30, 2025 (Inception) th