$USDEW

StableCoinX Inc.

CIK:0002080215|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)		3 Months Ended	6 Months Ended
	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2026
Income Statement [Abstract]
Revenue		$ 62,372	$ 63,038
Operating expenses:
Cost of revenue		24,804	24,804
Selling, general and administrative	26,071	175,843	480,848
Research and development		24,804	138,711
Amortization expense		25,125	50,250
Impairment of digital intangible assets		36,201,740	36,201,740
Change in fair value of digital assets - restricted		17,659	46,116
Change in fair value of liabilities denominated in digital assets		(24,135)	(24,135)
Change in fair value of related party demand notes		(17,659)	(46,116)
Total operating expenses	26,071	36,428,181	36,872,218
Loss from operations	(26,071)	(36,365,809)	(36,809,180)
Change in fair value of warrant liabilities		(2,185,000)	(2,185,000)
Loss before income taxes	(26,071)	(34,180,809)	(34,624,180)
Provision for income taxes
Net loss	$ (26,071)	$ (34,180,809)	$ (34,624,180)
Weighted-average shares used in computing net loss per share attributable to common stockholders, basic (in Shares) (in Shares)	700,000	2,238,201	1,473,349
Weighted-average shares used in computing net loss per share attributable to common stockholders, diluted (in Shares) (in Shares)	700,000	2,238,201	1,473,349
Net loss per share attributable to common stockholders, basic (in Dollars per share) (in Dollars per share)	$ (0.04)	$ (15.27)	$ (23.5)
Net loss per share attributable to common stockholders, diluted (in Dollars per share) (in Dollars per share)	$ (0.04)	$ (15.27)	$ (23.5)

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2026
Cash flows from operating activities:
Net loss	$ (26,071)	$ (34,624,180)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation expense		8,082
Impairment of digital assets		36,201,740
Amortization expense		50,250
Change in fair value of digital assets - restricted		46,116
Change in fair value of related party demand notes		(46,116)
Change in fair value of warrant liabilities		(2,185,000)
Staking revenue from digital assets		(1,570)
Changes in operating assets and liabilities:
Digital assets receivable - related party		(61,468)
Prepaid insurance		79,855
Accounts payable		12,378
Accounts payable - related party	26,071	340,000
Accrued expenses		98,233
Net cash provided by operating activities		(81,680)
Cash flows from financing activities:
Proceeds from issuance of demand notes - related party		67,000
Merger and PIPE financing		18,852,116
Net cash provided by financing activities		18,919,116
Net change in cash		18,837,436
Cash - beginning of period		18,708
Cash - end of period		18,856,144
Supplemental disclosures of noncash investing and financing activities:
Contribution of intangible asset	502,500
Loan of digital assets and issuance of related party demand notes
Receivable from stockholders for Class B common stock issuance	300,000
Contribution of digital intangible assets		249,120,581
Assumption of warrant liabilities		6,900,000
Assumption of convertible demand notes payable - sponsors		5,883,986
Transaction costs in accounts payable and accrued liabilities		3,481,156
Capitalized software costs included in accounts payable		$ 200,000

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash	$ 18,856,144	$ 18,708
Digital assets - restricted	53,366	97,912
Prepaid insurance	25,210	105,065
Prepaid expenses and other current assets	42,149	10,000
Total current assets	19,038,337	231,685
Digital intangible assets	212,918,841
Intangible assets, net	602,000	452,250
Total assets	232,559,178	683,935
Current liabilities:
Accounts payable	216,764	4,386
Accrued expenses	6,022,119	39,900
Total current liabilities	13,577,004	162,998
Warrant liability	4,715,000
Total liabilities	18,292,004	162,998
Commitments and contingencies (Note 13)
Stockholders’ equity:
Preferred stock - $0.0001 par value; 1,000,000 and zero shares authorized at June 30, 2026 and December 31, 2025, respectively; zero shares issued or outstanding at June 30, 2026 and December 31, 2025, respectively
Additional paid-in capital	249,170,198	802,430
Accumulated deficit	(34,905,743)	(281,563)
Total stockholders’ equity	214,267,174	520,937
Total liabilities and stockholders’ equity	232,559,178	683,935
Related Party
Current assets:
Digital assets receivable	61,468
Current liabilities:
Demand notes	118,796	97,912
Accounts payable	340,000	20,800
Former Sponsors
Current liabilities:
Convertible demand notes payable	6,879,325
Class A Common Stock
Stockholders’ equity:
Common stock value	2,403
Class B Common Stock
Stockholders’ equity:
Common stock value	$ 316	$ 70