$BGDE

OphthaliX, Inc.

CIK:0001218683|SEC Filings

Consolidated Condensed Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenues:
Total revenues	$ 6,153,219	$ 9,533,183	$ 10,973,522	$ 23,347,556
Less: Cost of revenues (excluding depreciation)	4,544,735	5,599,553	8,358,544	13,489,996
Gross Profit	1,608,484	3,933,630	2,614,978	9,857,560
Selling, general and administrative	6,027,299	5,925,308	13,645,437	11,703,716
Stock based compensation	677,043	978,261	1,103,405	3,078,765
Depreciation and amortization	1,097,390	1,466,119	2,291,654	2,994,032
Change in fair value of derivative asset	105,608	2,137,052	24,580	(1,922,521)
Total operating expenses	7,907,340	10,506,740	17,065,076	15,853,992
Loss from operations	(6,298,856)	(6,573,110)	(14,450,098)	(5,996,432)
Non-operating income (expense):
Loss on foreign currency transactions	(36,994)	(689,952)	(401,425)	(777,290)
Gain on legal settlements			10,157,593
Interest expense	(1,011,808)	(827,336)	(1,967,906)	(1,612,201)
Other income	8,933	60,646	65,381	164,758
Other expenses	(7,095)	(9,614)	(7,095)	(18,955)
Total non-operating income (expense), net	(1,046,964)	(1,466,256)	7,846,548	(2,243,688)
Loss before income taxes	(7,345,820)	(8,039,366)	(6,603,550)	(8,240,120)
Income tax benefit (expense)	(29,920)	17,933	(162,387)	(92,176)
Net loss	$ (7,375,740)	$ (8,021,433)	$ (6,765,937)	$ (8,332,296)
Net Loss per share, basic	$ (1.33)	$ (7.93)	$ (1.3)	$ (8.54)
Net Loss per share, diluted	$ (1.33)	$ (7.93)	$ (1.3)	$ (8.54)
Weighted average number of shares outstanding	5,555,868	1,011,630	5,215,344	975,823
Digital Colocation Revenue
Revenues:
Total revenues	$ 3,505,814	$ 3,660,298	$ 7,016,843	$ 14,089,171
Energy Management Revenue
Revenues:
Total revenues	2,613,936	5,130,712	3,803,790	8,195,587
Digital Assets Mining Revenue
Revenues:
Total revenues	$ 33,469	$ 742,173	$ 152,889	$ 1,062,798

Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income (Loss)	$ (6,765,937)	$ (8,332,296)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	2,291,654	2,994,032
Amortization of operating lease right-of-use asset	701,201	627,398
Foreign exchange loss	422,827	743,835
Stock based compensation	1,103,405	3,078,765
Non-cash interest expense	1,959,660	1,597,880
Unrealized (gain) loss on derivative asset	24,580	(1,922,521)
Loss on lease termination	2,281	26,367
Provision for doubtful accounts		977,755
Gain on legal settlements	(10,157,593)
Changes in operating assets and liabilities:
Trade and other receivables	200,702	2,267,735
Operating lease liabilities	(736,461)	(660,996)
Other current assets	(2,454,896)	934,392
Trade and other payables	(7,046,597)	(4,921,330)
Net cash used in operating activities	(20,455,174)	(2,588,984)
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(22,273)	(54,633)
Purchases of property, plant and equipment	(31,652)
Net cash used in investing activities	(53,925)	(54,633)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from common share issuances and equity conversions settled in cash	7,180,124
Payments of finance lease liabilities	(180,208)	(206,588)
Proceeds from Series D Convertible Stock, net of share issuance cost	14,028,200
Proceeds from borrowings	2,500,000
Net cash provided by (used in) financing activities	23,528,116	(206,588)
Net increase (decrease) in cash and cash equivalents	3,019,017	(2,850,205)
Cash and cash equivalents at beginning of period	13,271,256	6,089,837
Cash and cash equivalents at end of period	16,290,273	3,239,632
Supplemental disclosure of cash flow information
Cash paid for interest	8,246	14,321
Cash paid (received) for income taxes – Federal	358,000	(25,905)
Cash paid for income taxes – State	$ 323,775

Consolidated Condensed Balance Sheets - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 16,290,273	$ 13,271,256
Prepaid expenses	7,035,680	3,677,000
Cryptocurrencies held for customers		903,784
Trade and other receivables, net	9,441,721	9,642,423
Total current assets	32,767,674	27,494,463
Property, plant and equipment, net	20,342,584	22,580,313
Derivative asset	3,450,530	3,475,110
Security deposits	651,763	651,763
Operating lease right-of-use asset, net	2,536,535	3,240,017
Total assets	59,749,086	57,441,666
Current liabilities:
Trade and other payables	14,872,949	32,077,138
Current portion of operating lease liability	1,549,575	1,402,826
Current portion of finance lease liability	4,713	176,707
Revolving line of credit and current portion of long-term loans	30,050,174	25,184,363
Total current liabilities	46,477,411	58,841,034
Operating lease liability, net of current portion	826,997	1,718,423
Total liabilities	47,304,408	60,559,457
Commitments and Contingencies
Stockholders’ equity (deficit):
Common stock, $0.001 par value per share; 90,000,000 shares authorized, 5,648,751and 3,617,221 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively	5,649	3,617
Additional paid-in capital	271,277,557	248,967,877
Accumulated other comprehensive income	382,127	365,450
Accumulated deficit	(259,220,672)	(252,454,735)
Total stockholders’ equity (deficit)	12,444,678	(3,117,791)
Total liabilities and stockholders’ equity (deficit)	59,749,086	57,441,666
Series D Convertible Preferred Stock [Member]
Stockholders’ equity (deficit):
Series D Convertible Preferred Stock, par value $0.001 per share, 100,000 shares authorized, 16,700 and 0 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively	$ 17