$EDGM

Edgemode, Inc.

CIK:0001652958|SEC Filings

Consolidated Statements of Operations (unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Operating expenses:
General and administrative expenses	$ 1,322,122	$ 3,262,408	$ 2,615,518	$ 25,377,515
Acquisition costs	0	0	12,949,436	0
Loss on cryptocurrencies	0	0	0	34
Total operating expenses	1,322,122	3,262,408	15,564,954	25,377,549
Loss from operations	(1,322,122)	(3,262,408)	(15,564,954)	(25,377,549)
Other income (expense):
Interest expense	(1,277,679)	(20,377)	(2,479,112)	(31,564)
Change in fair value of derivatives	(705,807)	(396,443)	9,018,915	857,804
Loss on settlement	0	(148,053)	0	(148,053)
Other income	472	0	948	0
Total other income (expense), net	(1,983,014)	(564,873)	6,540,751	678,187
Loss before provision for income taxes	(3,305,136)	(3,827,281)	(9,024,203)	(24,699,362)
Provision for income taxes	0	0	0	0
Net loss	(3,305,136)	(3,827,281)	(9,024,203)	(24,699,362)
Net loss attributable to non-controlling interest	177,964	0	247,126	0
Net loss attributable to Edgemode, Inc.	$ (3,127,172)	$ (3,827,281)	$ (8,777,077)	$ (24,699,362)
Loss per common share - basic	$ (0.00)	$ (0.00)	$ (0.00)	$ (0.02)
Loss per common share - diluted	$ (0.00)	$ (0.00)	$ (0.00)	$ (0.02)
Weighted average shares outstanding – basic	3,757,514,468	2,119,785,143	3,436,805,507	1,260,012,814
Weighted average shares outstanding - diluted	3,974,314,468	2,119,785,143	3,653,605,507	1,260,012,814

Consolidated Statements of Cash Flows (unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Operating Activities:
Net loss	$ (9,024,203)	$ (24,699,362)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of debt discount	752,794	0
Day one interest charge on derivative liabilities	1,157,022	0
Interest charge added to principal for default on notes payable	284,465	0
Interest charge for true-up shares issued	160,175	0
Stock-based compensation	13,255,936	24,273,137
Change in fair value of cryptocurrencies	0	34
Change in fair value of derivative liabilities	(9,018,915)	(857,804)
Right of use asset amortization	34,507	0
Depreciation expense	0	101,758
Lost on settlement of notes payable	0	148,053
Imputed interest contributed to capital	45,788	0
Changes in operating assets and liabilities:
Prepaid expenses and other current assets	(183)	78,465
Accounts payable and accrued expenses	299,742	176,757
Accrued payroll	871,500	431,861
Customer deposit	0	303,614
Net cash used in operating activities	(1,181,372)	(43,487)
Investing Activities:
Advance of unsecured funds in connection with proposed business acquisition	0	(183,000)
Cash used for development of leased properties	(425,500)	(47,915)
Net cash used in investing activities	(425,500)	(230,915)
Financing Activities:
Proceeds from sale of common shares	852,135	0
Proceeds from sale of common shares not yet issued	0	300,000
Proceeds from convertible notes payable	700,500	0
Payments on convertible notes payable	(177,420)	0
Repayment of related party advances	0	(9,900)
Net cash provided by financing activities	1,375,215	290,100
Net change in cash	(231,657)	15,698
Cash - beginning of period	248,367	103
Cash - end of period	16,710	15,801
Supplemental Disclosures:
Interest paid	0	0
Income taxes paid	0	0
Supplemental Disclosures of Noncash Investing and Financing Information:
Conversion of notes payable and derivative liabilities	1,870,124	640,508
Relief of warrant derivative liability upon exercise of warrants	2,565,487
Shares issued for inducement into convertible notes	23,445	0
Derivative liability upon note issuance	73,782	0
Amortization of deferred offering costs	6,951	0
Shares issued for cashless exercise of stock warrants	63,912	0
Common shares issued for conversion of common stock options	400,000	0
Establishment of right of use asset	119,961	0
Payment of expense by non-controlling interest owner	65,004	0
Shares issued for asset acquisition	0	3,150,616
Note Payable assumed for asset acquisition	0	1,750,000
Shares issued for settlement of accrued salary	0	1,539,961
Modification of stock options for settlement of accrued salary	$ 0	$ 100,000

Consolidated Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash	$ 16,710	$ 248,367
Prepaid expenses and other current assets	18,974	18,791
Total current assets	35,684	267,158
Intangible assets – cryptocurrencies	51	51
Unsecured advances	0	513,827
Deferred offering costs	488,049	495,000
Right of use asset	85,454	0
Construction in progress	939,327	0
Total assets	1,548,565	1,276,036
Current liabilities:
Accounts payable and accrued expenses	1,425,095	1,175,090
Accrued payroll	1,327,489	455,989
Convertible notes payable, net of discounts	1,768,174	915,137
Notes payable	35,000	35,000
Notes payable – related parties	1,774,445	1,774,445
Deferred revenue	303,613	75,951
Derivative liabilities	3,824,915	15,424,561
Right of use liability - current	90,693	0
Total current liabilities	10,549,424	19,856,173
Customer deposit	0	227,662
Total liabilities	10,549,424	20,083,835
Commitments and contingencies
Stockholders’ Deficit:
Common shares, 7,000,000,000 shares authorized; Par value $0.001; 4,279,853,240 and 2,998,158,602 shares issued and outstanding, June 30, 2026 and December 31, 2025, respectively	4,279,853	2,998,159
Additional paid-in capital	60,792,745	43,308,300
Accumulated deficit	(73,891,336)	(65,114,259)
Stockholders’ deficit attributable to Edgemode, Inc.	(8,818,737)	(18,807,799)
Non controlling interest	(182,122)	0
Total stockholders’ deficit	(9,000,859)	(18,807,799)
Total liabilities and stockholders’ deficit	1,548,565	1,276,036
Preferred Stock [Member]
Stockholders’ Deficit:
Preferred stock value	0	0
Series D Preferred Stock [Member]
Stockholders’ Deficit:
Preferred stock value	$ 1	$ 1