$IONI

Evans Brewing Co Inc.

CIK:0001580490|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenue			$ 27,000
Total revenue			27,000
Operating expenses:
Professional fees	129,732	137,027	352,056	309,941
General and administrative expenses	246,224	287,481	442,039	462,976
Total operating expenses	375,956	424,508	794,095	772,917
Income (loss) from operations	(375,956)	(424,508)	(767,095)	(772,917)
Other income (expense):
Yield income	150,401		425,112
Interest expense	(5,107)		(47,227)
Interest expense – debt discount	(246,768)		(430,025)
Change in FV of derivative liabilities	(87,709)		(101,957)
Gain on exchange of intangible assets			4,064,680
Gain on settlement of debt			440,619
Total other income (expense)	(189,183)		4,351,202
Income (loss) before income taxes	(565,139)	(424,508)	3,584,107	(772,917)
Provision for income taxes
Net income (loss)	$ (565,139)	$ (424,508)	$ 3,584,107	$ (772,917)
Net income (loss) per share - basic	$ (0.02)	$ (0.01)	$ 0.11	$ (0.02)
Net income (loss) per share - diluted	$ (0.02)	$ (0.01)	$ 0.04	$ (0.02)
Weighted average number of shares outstanding -basic	34,106,234	31,106,234	34,106,234	31,106,234
Weighted average number of shares outstanding - diluted	34,106,234	31,106,234	109,415,193	31,106,234

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 30, 2026	Mar. 31, 2026	Jun. 30, 2025	Mar. 31, 2025	Jun. 30, 2026	Jun. 30, 2025	Dec. 31, 2025
Cash flows from operating activities:
Net income (loss)	$ (565,139)	$ 4,149,246	$ (424,508)	$ (348,409)	$ 3,584,107	$ (772,917)
Adjustments to reconcile net income (loss) to net cash from operating activities:
Amortization – intangible assets					72,524	68,190
Amortization of debt discount	246,768				430,025
Derivative recorded as loan fees in interest expense					42,120
Change in fair market value of derivative liabilities	87,709				101,957
Gain on exchange of intangible assets					(4,064,680)
Gain on settlement of debt					(440,619)
Changes in assets and liabilities:
Prepaid expenses					(47,660)	2,348
Other receivable					(230,218)
Accrued expenses					(220,793)	33,922
Accrued interest					3,306		$ 121,000
Deferred revenue – related party					(460)
Due to related party						26,630
Total net cash provided by (used in) operating activities					(770,391)	(641,827)
Cash flows from investing activities
Cash flows from financing activities:
Proceeds from convertible notes payable					1,175,650
Proceeds from notes payable					109,200
Repayment to note payable					(1,012)
Repayment to related party					(613,033)
Advances from related parties					260,051	421,822
Total net cash provided by (used in) financing activities					930,856	421,822
Net increase (decrease) in cash and cash equivalents					160,465	(220,005)
Cash and cash equivalents, beginning of period		$ 158,193		$ 270,095	158,193	270,095	270,095
Cash and cash equivalents, end of period	$ 318,658		$ 50,090		318,658	50,090	$ 158,193
Supplemental disclosure of cash flow information:
Interest paid					1,733
Taxes paid
Non-cash financing activities:
Settlement of bridge loans and accrued interest using ION.au units					1,331,000
pmUSD Tokens received and held on behalf of third-party					1,331,000
Debt discount recorded for derivative liability					577,300
Debt discount recorded for original issuance and loan fees					$ 207,679

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current assets
Cash and cash equivalents	$ 318,658	$ 158,193
Other receivables	257,355	27,137
Due from related party	77,641
Prepaid expenses	153,945	106,285
Total current assets	807,599	291,615
Non-current assets:
Intangible assets, net	22,454,994	18,022,219
Total non-current assets	22,454,994	18,022,219
Total Assets	23,262,593	18,313,834
Current liabilities
Accrued expenses	258,082	478,875
Accrued interest	3,306	781,000
Deferred revenue		460
Due to related parties	1,813,311	2,088,652
Note payable – current portion, net of discount	81,366
Convertible notes payable, net of discount	1,028,308
Derivative liability	878,021	156,644
Loans payable		550,000
Other current liabilities	1,331,000
Total current liabilities	5,393,394	4,055,631
Note payable – noncurrent, net of discount	26,889
Total liabilities	5,420,283	4,055,631
Commitments and contingencies
Stockholders’ Equity
Common stock - $0.0001 par value; authorized 250,000,000 shares; 34,106,234 shares issued and outstanding at June 30, 2026 and December 31, 2025	3,411	3,411
Additional paid-in-capital	22,545,239	22,545,239
Accumulated deficit	(4,706,399)	(8,290,506)
Total stockholders’ equity	17,842,310	14,258,203
Total Liabilities and Stockholders’ Equity	23,262,593	18,313,834
Series A Preferred Stock [Member]
Stockholders’ Equity
Preferred stock, value
Series E Preferred Stock [Member]
Stockholders’ Equity
Preferred stock, value
Series C Preferred Stock [Member]
Stockholders’ Equity
Preferred stock, value	$ 59	$ 59