Company: FLDDW
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001193125-25-274317
Chunk: 15

Company: Fold Holdings, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 15
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Fold Holdings, Inc.

Condensed Balance Sheets

(Unaudited)

     September 30,

     December 31,

     2025

     2024

     Assets

     Current assets

     Cash and cash equivalents
      
     $
     6,663,463

     $
     18,330,359

     Accounts receivable, net

     289,940

     451,455

     Inventories

     366,049

     262,813

     Digital assets - rewards treasury

     9,295,587

     8,569,651

     Prepaid expenses and other current assets

     2,460,384

     687,100

     Total current assets

     19,075,423

     28,301,378

     Digital assets - investment treasury

     170,392,495

     93,568,700

     Capitalized software development costs, net

     1,188,750

     1,000,065

     Deferred transaction costs

     -

     2,784,893

     Other non-current assets

     309,444

     -

     Total assets
      
     $
     190,966,112

     $
     125,655,036

     Liabilities and stockholders' equity (deficit)

     Current liabilities

     Accounts payable
      
     $
     1,051,437

     $
     1,113,552

     Accrued expenses and other current liabilities

     2,221,132

     71,858

     December 2024 convertible note, net

     -

     11,752,905

     Customer rewards liability

     9,295,587

     8,569,651

     Deferred revenue

     382,983

     387,776

     Total current liabilities

     12,951,139

     21,895,742

     Deferred revenue, long-term

     440,013

     487,690

     June 2025 convertible note, net

     21,644,139

     -

     March 2025 convertible note - related party

     60,750,183

     -

     Simple Agreements for Future Equity (“SAFEs”)

     -

     171,080,533

     Other non-current liabilities

     491,397