$NIXX

Truli Media Group, Inc.

CIK:0001462223|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
REVENUE
Revenue	$ 16,091	$ 13,363	$ 45,186	$ 14,625
OPERATING EXPENSES
Cost of revenue (exclusive of amortization shown separately below)	16,051	13,351	45,091	14,613
Sales and marketing	127	9	127	558
Product development	2	19	4	34
Amortization of intangibles	713	439	1,423	601
General and administrative	818	1,776	1,386	4,877
Total operating expenses	17,711	15,594	48,031	20,683
LOSS FROM CONTINUING OPERATIONS	(1,620)	(2,231)	(2,845)	(6,058)
OTHER INCOME (EXPENSES)
Interest expense	(22)	(36)	(40)	(74)
Gain on change in fair value of marketable securities	(673)	(46)	1,094	(44)
Other income (expense)	15	1	29	165
Change in fair value of contingent consideration	0	(1,319)	0	(1,319)
Total other income (expenses)	(680)	(1,400)	1,083	(1,272)
Income (loss) from continuing operations before income taxes	(2,300)	(3,631)	(1,762)	(7,330)
Provision for income taxes	0	0	0	0
NET INCOME (LOSS) FROM CONTINUING OPERATIONS	(2,300)	(3,631)	(1,762)	(7,330)
Net income (loss) from discontinued operations	0	(625)	0	(1,470)
NET INCOME (LOSS) ATTRIBUTABLE TO NIXXY, INC.	(2,300)	(4,256)	(1,762)	(8,800)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS	$ (2,300)	$ (4,256)	$ (1,762)	$ (8,800)
NET INCOME (LOSS) FROM CONTINUING OPERATIONS PER COMMON SHARE - BASIC	$ (0.08)	$ (0.19)	$ (0.07)	$ (0.42)
NET INCOME (LOSS) FROM CONTINUING OPERATIONS PER COMMON SHARE - DILUTED	(0.08)	(0.19)	(0.07)	(0.42)
NET INCOME (LOSS) FROM DISCONTINUED OPERATIONS PER COMMON SHARE - BASIC	0	(0.03)	0	(0.08)
NET INCOME (LOSS) FROM DISCONTINUED OPERATIONS PER COMMON SHARE - DILUTED	0	(0.03)	0	(0.08)
NET INCOME (LOSS) PER COMMON SHARE - BASIC	(0.08)	(0.22)	(0.07)	(0.51)
NET INCOME (LOSS) PER COMMON SHARE - DILUTED	$ (0.08)	$ (0.22)	$ (0.07)	$ (0.51)
WEIGHTED AVERAGE COMMON SHARES - BASIC	28,019,664	19,144,354	26,350,735	17,299,292
WEIGHTED AVERAGE COMMON SHARES - DILUTED	28,019,664	19,144,354	26,350,735	17,299,292

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash Flows From Operating Activities
Net income (loss) (before noncontrolling interests)	$ (1,762)	$ (8,726)
Net income attributed to noncontrolling interests	0	(73)
Net income (loss)	(1,762)	(8,799)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization expense	1,423	839
Equity based compensation expense - stock	245	3,267
Equity based compensation expense - option	0	22
Gain on fair value of marketable securities	(1,094)	44
Change in fair value of warrant liability	0	7
Change in fair value of contingent consideration	0	1,155
Change in fair value of derivative liability	0	17
Bad debt expense	3	9
Changes in assets and liabilities:
Increase in accounts receivable	(2,073)	(409)
(Increase) decrease in prepaid expenses and other current assets	(19)	312
Increase in accounts payable and accrued liabilities	1,910	506
Net cash used in operating activities	(1,367)	(3,030)
Cash Flows From Investing Activities:
Purchase of intangible assets	0	(400)
Net cash used in investing activities	0	(400)
Cash Flows From Financing Activities:
Proceeds from sale of common stock in offering	1,310	1,841
Proceeds from line of credit payable	225	0
Repayments on loans payable	(20)	0
Net cash provided by financing activities	1,515	1,841
Net increase (decrease) in cash	148	(1,589)
Cash, beginning of period	182	2,533
Cash, end of period	330	944
Supplemental disclosures of cash flow information:
Cash paid during the period for interest	43	0
Cash paid during the period for income taxes	0	0
Supplemental schedule of non-cash investing and financing activities:
Issuance of common stock upon purchase of intangible assets	$ 500	$ 6,393

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash	$ 330	$ 182
Accounts receivable, net of allowance for doubtful accounts of $838 and $835, respectively	3,401	1,331
Prepaid expenses and other current assets	127	108
Investment in Marketable Securities	1,437	343
Total current assets	5,295	1,964
Property and equipment, net of accumulated depreciation of $61 and $61, respectively	0	0
Intangible assets, net	9,794	11,217
Goodwill	0	0
Total assets	15,089	13,181
Current liabilities:
Accounts payable	4,560	2,506
Accrued expenses	882	930
Accrued compensation	34	125
Accrued interest	7	11
Contingent consideration	0	500
Other liabilities	17	17
Loans payable - current portion, net of discount	36	56
Line of credit payable	1,000	775
Refundable deposit on preferred stock purchase	285	285
Total current liabilities	6,821	5,205
Total liabilities	6,821	5,205
Commitments and contingencies (Note 9)
Stockholders’ Equity
Common stock, $0.0001 par value; 200,000,000 shares authorized; 28,908,839 and 25,946,889 shares issued and outstanding as of June 30, 2026, and December 31, 2025, respectively	3	3
Common Stock to be issued, 406,071 and 402,737 shares as of June 30, 2026, and December 31, 2025, respectively	0	0
Additional paid-in capital	123,825	121,771
Accumulated deficit	(115,560)	(113,798)
Total stockholders’ equity	8,268	7,976
Total liabilities and stockholders’ equity	$ 15,089	$ 13,181