Company: FLDDW
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0000950170-25-107335
Chunk: 16

Company: Fold Holdings, Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Item 1
Chunk 16
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Fold Holdings, Inc.

Condensed Balance Sheets

(Unaudited)

     June 30,

     December 31,

     2025

     2024

     Assets

     Current assets

     Cash and cash equivalents
      
     $
     6,609,719

     $
     18,330,359

     Accounts receivable, net

     697,560

     451,455

     Inventories

     330,302

     262,813

     Digital assets - rewards treasury

     9,369,298

     8,569,651

     Prepaid expenses and other current assets

     3,644,514

     687,100

     Total current assets

     20,651,393

     28,301,378

     Digital assets - investment treasury

     159,861,386

     93,568,700

     Capitalized software development costs, net

     1,236,977

     1,000,065

     Deferred transaction costs

     -

     2,784,893

     Other Non-current Assets

     353,250

     -

     Total assets
      
     $
     182,103,006

     $
     125,655,036

     Liabilities and stockholders' equity (deficit)

     Current liabilities

     Accounts payable
      
     $
     1,308,838

     $
     1,113,552

     Accrued expenses and other current liabilities

     1,922,347

     71,858

     December 2024 convertible note, net

     -

     11,752,905.00

     Customer rewards liability

     9,369,298

     8,569,651

     Deferred revenue

     290,517

     387,776

     Total current liabilities

     12,891,000

     21,895,742

     Deferred revenue, long-term

     451,793

     487,690

     June 2025 convertible note, net

     21,818,603

     -

     March 2025 convertible note - related party

     58,123,251

     -

     Simple Agreements for Future Equity (“SAFEs”)

     -

     171,080,533

     Other Non-current Liabilities

     293