$ONFOP

Onfolio Holdings, Inc

CIK:0001825452|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
Consolidated Statements of Operations (Unaudited)
Revenue, services	$ 1,218,962	$ 2,062,603	$ 2,778,700	$ 3,859,198
Revenue, product sales	278,593	1,085,606	585,720	2,100,954
Total Revenue	1,497,555	3,148,209	3,364,420	5,960,152
Cost of revenue, services	731,179	1,074,065	1,635,548	2,086,349
Cost of revenue, product sales	34,373	135,867	78,734	228,406
Total cost of revenue	765,552	1,209,932	1,714,282	2,314,755
Gross profit	732,003	1,938,277	1,650,138	3,645,397
Operating expenses
Selling, general and administrative	1,142,648	2,066,796	2,463,434	4,288,142
Professional fees	554,863	345,741	985,567	583,646
Acquisition costs	0	32,263	0	65,673
Total operating expenses	1,697,511	2,444,800	3,449,001	4,937,461
Loss from operations	(965,508)	(506,523)	(1,798,863)	(1,292,064)
Other income (expense)
Equity method income (loss)	0	(142)	2,098	767
Dividend income	3,300	7,671	5,523	9,921
Interest income (expense), net	(408,196)	(72,602)	(1,381,946)	(173,322)
Change in fair value of contingent consideration	(13,435)	16,539	(20,107)	70,712
Change in fair value of digital assets	(280,685)	0	(954,842)	0
Change in fair value of derivative liabilities	(2,948,217)	0	(3,019,609)	0
Impairment of equity and cost method investment	0	0	(129,007)	0
Gain on sale of subsidiary assets	0	0	107,794	0
Other income	10,190	20,746	13,797	25,729
Total other expense, net	(3,637,043)	(27,788)	(5,376,299)	(66,193)
Loss before income taxes	(4,602,551)	(534,311)	(7,175,162)	(1,358,257)
Income tax (provision) benefit	0	(128)	0	17,390
Net loss	(4,602,551)	(534,439)	(7,175,162)	(1,340,867)
Net (income) loss attributable to noncontrolling interest	62,856	(35,165)	114,348	(23,124)
Net loss attributable to Onfolio Holdings Inc.	(4,539,695)	(569,604)	(7,060,814)	(1,363,991)
Preferred Dividends	(127,095)	(95,930)	(254,155)	(199,851)
Net loss to common shareholders	$ (4,666,790)	$ (665,534)	$ (7,314,969)	$ (1,563,842)
Net loss per common shareholder
Basic and diluted	$ (35.57)	$ (6.49)	$ (58.86)	$ (15.25)
Weighted average shares outstanding
Basic and diluted	131,207	102,548	124,274	102,548

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash Flows from Operating Activities
Net loss	$ (7,175,162)	$ (1,340,867)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation expense	30,047	298,943
Equity method (income)/loss	(2,098)	(767)
Amortization of intangible assets	363,754	602,225
Amortization of debt discounts and debt issuance costs	375,997	0
Liquidation damages upon registration default	654,745	0
Depreciation expense	855	856
Change in fair value of contingent consideration	20,107	(70,712)
Impairment of equity and cost method investments	129,007	0
Change in fair value of derivative liabilities	3,019,609	0
Change in fair value of digital assets	992,955	0
Earnings on digital assets	(38,113)	0
Net change in:
Accounts receivable	48,342	217,384
Inventory	16,688	36,336
Prepaids and other current assets	73,964	(60,834)
Accounts payable and other current liabilities	238,816	(3,271)
Due to joint ventures	88,897	(4,274)
Deferred revenue	(292,946)	(250,183)
Net cash used in operating activities	(1,454,536)	(575,164)
Cash Flows from Financing Activities
Proceeds from sale of Series A preferred stock	0	830,000
Payments of preferred dividends	(253,010)	(201,848)
Distributions to non-controlling interest holders	(13,883)	(37,680)
Proceeds from notes payable	212,700	358,800
Payments on note payables	(205,307)	(266,295)
Proceeds from notes payable - related parties	0	35,965
Payments on note payables - related parties	(99,771)	0
Payments on contingent consideration	(112,119)	(133,845)
Net cash provided by (used in) financing activities	(471,390)	585,097
Effect of foreign currency translation	1,436	27,452
Net Change in Cash	(1,924,490)	37,385
Cash, Beginning of Period	2,175,223	476,874
Cash, End of Period	250,733	514,259
Cash Paid For:
Income Taxes	0	0
Interest	268,465	122,733
Supplemental Non-cash Disclosures
Preferred dividends accrued	122,934	199,851
Digital assets received for settlement of accounts receivable	24,329	0
Shares issued for conversion of convertible notes payable and accrued interest	568,669	0
Settlement of derivative liability upon conversion of notes payable	1,092,739	0
Shares issued for commitment fee	30,000	0
Settlement of contingent consideration for note payable, preferred stock and stock options	0	510,000
Non-controlling interest issued for settlement of note payable	0	400,000
Common stock issued for exercise of stock options	$ 49	$ 0

Consolidated Balance Sheets - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current Assets:
Cash	$ 250,733	$ 2,175,223
Accounts receivable, net	403,907	476,578
Inventory	28,112	44,800
Prepaids and other current assets	153,260	227,224
Deferred offering costs	30,000	0
Total Current Assets	866,012	2,923,825
Intangible assets, net	1,320,044	1,683,798
Goodwill	4,203,145	4,203,145
Investment in digital assets	1,332,958	2,263,471
Fixed Assets, net	2,568	3,423
Due from related party, net	6,292	95,189
Investment in unconsolidated joint ventures, cost method	59,000	188,007
Investment in unconsolidated joint ventures, equity method	2,098	0
Total Assets	7,792,117	11,360,858
Current Liabilities:
Accounts payable and other current liabilities	1,224,349	1,066,702
Dividends payable	122,934	121,789
Notes payable, current	522,853	487,658
Notes Payable - related parties, current	1,273,809	1,153,080
Convertible notes, net of discount, current	548,968	0
Contingent consideration	72,370	164,382
Derivative Liability	5,633,342	3,463,727
Deferred revenue	204,167	497,113
Total Current Liabilities	9,602,792	6,954,451
Notes payable - related parties	4,465	224,965
Convertible notes, net of discount	0	276,273
Total Liabilities	9,607,257	7,455,689
Stockholders' Equity (Deficit):
Common stock, $0.001 par value, 300,000,000 and 50,000,000 shares authorized, 150,462 and 117,264 issued and outstanding at June 30, 2026 and December 31, 2025, respectively	150	117
Additional paid-in capital	26,252,158	24,530,736
Accumulated other comprehensive income	92,546	91,110
Accumulated deficit	(29,456,766)	(22,141,797)
Total Onfolio Inc. stockholders' equity (deficit)	(3,111,743)	2,480,335
Non-Controlling Interests	1,296,603	1,424,834
Total Stockholders' Equity (Deficit)	(1,815,140)	3,905,169
Total Liabilities and Stockholders' Equity (Deficit)	7,792,117	11,360,858
Series A Preferred Stock [Member]
Stockholders' Equity (Deficit):
Preferred Stock Value	$ 169	$ 169