10-K 0001628280-26-019879 (2026-03-19) vs 10-K 0001213900-25-026431 (2025-03-31)
| Section | Compared text | Words now | Changed |
|---|
| Risk Factors | Item 1A | 30,210 |
98.7% |
| MD&A | Item 7 | 6,504 |
96.6% |
| Legal Proceedings | Item 3 | 387 |
not compared |
| Accounting Policies | 10-K text (note not found) | 0 |
not compared |
The redline: what was cut and what was added
In each section, the paragraph that changed most, marked against last year's 10-K:
cut words struck through, new words highlighted and underlined.
MD&A 190 words changed in this paragraph; it is 30% similar to last year's version.
On September 27, 2024, 15, 2025, the Company entered into the ATM ASST Sales Agreement with the ASST Sales Agent. Under Agent, pursuant to which the terms of the ATM Sales Agreement, the Company may, Company, from time to time, in transactions that are deemed to be “at the market offerings” as defined in Rule 415 under the Securities Act, issue at its option, may offer and sell shares of its Class A Common Stock to or through or to the ASST Sales Agent, initially acting as the principal and/or the sole agent, having an aggregate sales price of up to $450.0 million. During the period from September 12, 2025 to December 31, 2025, the Company issued 26.4 million shares (1.3 million on a maximum aggregate amount split-adjusted basis) of $2,271,487 of shares of the Company’s Class B A Common Stock (the “ATM Shares”). The for aggregate gross proceeds of $78.7 million. As of December 31, 2025, the Company has the availability to raise approximately $371.3 million through the issuance and sale of the ATM Shares to or through the Sales Agent from time to time will be effected its Class A Common Stock pursuant to the Shelf Registration Statement and the prospectus supplements filed by the Company with the SEC on September 30, 2024 and November 18, 2024 relating to the offering of the ATM Shares and the accompanying base prospectus. ASST Sales Agreement.
Source: Item 7, 10-K 0001628280-26-019879 vs Item 7, 10-K 0001213900-25-026431
Risk Factors 151 words changed in this paragraph; it is 35% similar to last year's version.
The trading market for our Class B Common Stock will depend in part on securities may be influenced by the research and reports that securities or industry analysts publish about us or our business. business, market or competitors. We will not have any control over these analysts. If research securities and industry analysts do not establish and maintain adequate research cover our company, cease coverage of our company, downgrade our securities, or if one or more of the analysts who covers us downgrades our Class B Common Stock or publishes publish inaccurate or unfavorable research about our business, the market price for our Class B Common Stock would likely decline. If one or more of these analysts cease coverage of our company or fail to publish reports on us regularly, we could lose visibility in the financial markets, which, in turn, could cause the market price or and trading volume for our Class B Common Stock securities may be negatively affected. In light of the unpredictability inherent in our anticipated businesses, our financial outlook commentary may differ from analysts’ expectations, which could cause volatility to decline. the price of our securities.
Source: Item 1A, 10-K 0001628280-26-019879 vs Item 1A, 10-K 0001213900-25-026431
Every change, by type
Sentences and paragraphs of ASST's Risk Factors and MD&A, 10-K 2026-03-19 against 10-K 2025-03-31.
Each links to the text at sec.gov.
Quiet changes are sentences kept from last year with one to four words changed, at least one of them a hedge, a modal or a qualifier
(may, could, will, not, significant, material…). A year or date rolling forward is not counted.
The full word list
adverse, adversely, all, although, anticipate, anticipates, any, approximately, believe, believes, can, cannot, certain, could, expect, expects, generally, however, if, intend, intends, largely, likely, many, material, materially, may, might, most, must, never, no, not, possible, primarily, probable, should, significant, significantly, some, substantial, substantially, unlikely, will, would
AddedRisk Factors
Any investment in our securities involves a high degree of risk. Investors should carefully consider the risks described below before making an investment decision. The risks and uncertainties described below are not the only ones we face. Additional risks and uncertainties not presently known to us or that we currently deem immaterial may also impact us, our business, or bitcoin holdings, or our securities.
Read it in 10-K 2026-03-19 at sec.gov ↗
AddedRisk Factors
On February 6, 2026, we completed a 1-for-20 reverse stock split of our Class A Common Stock and Class B Common Stock (the "Reverse Stock Split"). See Note 2, Summary of Significant Accounting Policies – Reverse Stock Split, to the Consolidated Financial Statements, for further information. As a result of the Reverse Stock Split, all applicable share and per share information presented within this Item 1A. Risk Factors has been retroactively adjusted to reflect the Reverse Stock Split for all periods presented.
Read it in 10-K 2026-03-19 at sec.gov ↗
AddedRisk Factors
We were formed in 2022 and started formulating and executing on our business plan at that time. In addition, we announced our plan to launch a bitcoin treasury strategy in May 2025, and our management team has a limited operating history of investing in and holding bitcoin. We have since implemented this strategy, holding approximately 7,627 bitcoin as of December 31, 2025. We cannot provide assurances that we will be able to operate our business successfully or implement our operating policies and strategies, including with respect to our bitcoin treasury strategy, as described elsewhere herein. We may encounter risks and challenges frequently experienced by growing companies in rapidly developing industries, including risks related to our ability to:
Read it in 10-K 2026-03-19 at sec.gov ↗
AddedRisk Factors
•maintain a bitcoin treasury strategy, including with respect to the financing, acquisition and custody of bitcoin;
Read it in 10-K 2026-03-19 at sec.gov ↗
AddedRisk Factors
•identify and successfully implement alpha-generating strategies, such as the identification and acquisition of bitcoin-related products, including junior tranches of bitcoin-backed credit structures or the acquisition of target companies at a purchase price discount to their book value or cash assets;
Read it in 10-K 2026-03-19 at sec.gov ↗
AddedRisk Factors
•improve our current operational infrastructure and non-platform technology to support our growth, including our bitcoin treasury strategy, and to respond to the evolution of our market and competitors’ developments;
Read it in 10-K 2026-03-19 at sec.gov ↗
AddedRisk Factors
•further trust with future investors and partners with respect to our bitcoin treasury business;
Read it in 10-K 2026-03-19 at sec.gov ↗
AddedRisk Factors
•distinguish ourselves from competitors in the bitcoin treasury business and our other businesses and navigate political issues;
Read it in 10-K 2026-03-19 at sec.gov ↗
AddedRisk Factors
•respond appropriately to changes in the price of bitcoin, the price of which has been, and will likely continue to be, highly volatile;
Read it in 10-K 2026-03-19 at sec.gov ↗
AddedRisk Factors
•respond to complex, evolving, stringent, contradictory industry standards and government regulation on an international scale that impact our businesses, including our bitcoin treasury strategy;
Read it in 10-K 2026-03-19 at sec.gov ↗
AddedRisk Factors
•prevent, detect, respond to, or mitigate failures or breaches of privacy and security, including with respect to our bitcoin and our custodial partners;
Read it in 10-K 2026-03-19 at sec.gov ↗
AddedRisk Factors
If we are unable to do so, our business may suffer, our revenue and operating results may decline and we may not be able to achieve further growth or sustain profitability.
Read it in 10-K 2026-03-19 at sec.gov ↗
RemovedRisk Factors
The Company is an early, startup stage entity with little operating history. The revenue and income potential of the Company’s business and market are unproven. The Company’s limited operating history makes an evaluation of the Company and its prospects difficult and highly speculative. There can be no assurances that: (a) The Company will be able to develop products or services on a timely and cost effective basis; (b) the Company will be able to generate any increase in revenues; (c) the Company will have adequate financing or resources to continue operating its business and to provide services to customers; (d) the Company will earn a profit; (e) the Company can raise sufficient capital to support operations by attaining profitability; or (f) the Company can satisfy future liabilities.
Read it in 10-K 2025-03-31 at sec.gov ↗
RemovedRisk Factors
We had a net loss for the years ended December 31, 2024 and 2023. The Company intends to increase expenditures to develop its business and, as a result, may continue to incur losses. There can be no assurance that the Company will achieve significant revenues or profitability. There can be no assurance that the Company will be able to raise additional capital on acceptable terms and conditions, if at all. In the event the Company does achieve rapid sales growth and raise additional capital to fund its current liabilities and burn rate, there is a risk that the Company could fail. There can be no assurances that the Company will be able to retain or attract qualified personnel if it is not able to get to profitability in the foreseeable future.
Read it in 10-K 2025-03-31 at sec.gov ↗
RemovedRisk Factors
The Company may need to procure additional financing over time, the amount and timing of which will depend on a number of factors, including the pace of expansion of the Company’s opportunities and customer base, the scope of service development to be undertaken by the Company, the need to respond to customer needs for improvement of service offerings, the services offered and development efforts, the cash flow generated by its operations, the extent of losses, if any with respect to matters identified as risk factors herein and the extent of other unanticipated areas or amounts of expenditure. The Company cannot fully predict the extent to which it will require additional financing. There can be no assurance regarding the availability or terms of additional financing the Company may be able to procure over time. Any new investor may require that any future debt financing or issuance of preferred equity by the Company could be senior to the rights of stockholders, and any future issuance of equity could result in the dilution of the value of our shares.
Read it in 10-K 2025-03-31 at sec.gov ↗
RemovedRisk Factors
The Company may incur significant losses, and there can be no assurance that the Company will ever become a profitable business.
Read it in 10-K 2025-03-31 at sec.gov ↗
RemovedRisk Factors
We had a net loss for the years ended December 31, 2024 and 2023. It is anticipated that the Company may continue to sustain operating losses. Its ability to become and/or remain profitable depends in material part on success in growing and expanding the Company’s products and services. There can be no assurance that this will occur. Unanticipated problems and expenses often encountered in offering new and unique products or services may impact whether the Company is successful. Furthermore, the Company may encounter substantial unexpected expenses related to development, technological changes, marketing, insurance, legal or regulatory requirements and changes to such requirements or other unforeseen difficulties. There can be no assurance that the Company will become or remain profitable. If the Company sustains losses over a period of time, it may be unable to continue in business.
Read it in 10-K 2025-03-31 at sec.gov ↗
RemovedRisk Factors
The Company’s future revenue and operating results are unpredictable and may fluctuate significantly.
Read it in 10-K 2025-03-31 at sec.gov ↗
RemovedRisk Factors
We had a net loss for the years ended December 31, 2024 and 2023. It is difficult to accurately forecast the Company’s revenues and operating results, and they could continue to fluctuate in the future due to a number of factors. These factors may include: Acceptance of the Company’s products and services; the amount and timing of operating costs and capital expenditures; competition from other market venues or services that may reduce market share and create pricing pressure; and adverse changes in general economic, industry and regulatory conditions and requirements. The Company’s operating results may fluctuate from year to year due to the factors listed above, others described in Part II Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations”, or not listed. At times, these fluctuations may be significant.
Read it in 10-K 2025-03-31 at sec.gov ↗
RemovedRisk Factors
If we are unable to maintain our good standing with the social media platforms where we operate, our business will suffer.
Read it in 10-K 2025-03-31 at sec.gov ↗
RemovedRisk Factors
We expect to generate substantially all of our revenue through social media, marketing agreements, and performing services in connection with social media platforms. Any deterioration in our relationship with these social media platforms would harm our business. We will be subject to Discord’s, TikTok’s, Instagram’s, YouTube’s, X’s, Apple’s and Google’s standard terms and conditions, which govern the promotion, distribution and operation of the various aspects of the operations of the Company. In particular, without being able to use TikTok and other dominant social media as platforms for our social influencers to disseminate marketing and other content, we may not succeed. In July 2021, our co-founder, Executive Vice-Chairman and Chief Marketing Officer, Kyle Fairbanks, was temporarily banned from TikTok for posting a comment that TikTok had determined had violated its terms of service. Although Mr. Fairbanks’s comment was about the Robinhood/GameStop meme stock phenomenon and Mr. Fairbanks believed that he was merely “looking out for the little guy” when he posted the comment in support of the retail investors, TikTok imposed a temporary ban on Mr. Fairbanks. Although TikTok subsequently lifted its ban on Mr. Fairbanks and Mr. Fairbanks has not experienced similar issues since the incident, there is no assurance that TikTok or any other service will permit our key influencers like Mr. Fairbanks from using their services in the future.
Read it in 10-K 2025-03-31 at sec.gov ↗
RemovedRisk Factors
Discord, TikTok, Instagram, YouTube, X, Apple, Google, or other social media companies whose services we use to market our services, establish terms or conditions which have the effect of discontinuing or limiting our access to their platforms;
Read it in 10-K 2025-03-31 at sec.gov ↗
RemovedRisk Factors
These companies modify their terms of service or other policies, including fees charged to, or other restrictions on, and change how the personal information of its users is made available on their respective platforms or shared by users; or
Read it in 10-K 2025-03-31 at sec.gov ↗
RemovedRisk Factors
In addition, these companies have broad discretion to change their terms of service and other policies with respect to us, and those changes may be unfavorable to us. Any such changes in the future could significantly alter how users experience our product and services and interact with our application or in our community, which may harm our business.
Read it in 10-K 2025-03-31 at sec.gov ↗
RewordedRisk Factors
In addition, Section 107 of the JOBS Act also provides that an emerging growth company can take advantage of We will not utilize the extended transition period provided in under Section 7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards.
Read it in 10-K 2026-03-19 at sec.gov ↗
RewordedRisk Factors
In that event, such case, the market price of our shares Class A Common Stock and our SATA Stock, which we refer to collectively as our “listed securities,” could decline, and you could may lose all or part of your investment.
Read it in 10-K 2026-03-19 at sec.gov ↗
RewordedRisk Factors
We have a limited operating history, which may make history and recently launched a bitcoin treasury strategy, making it difficult to evaluate our business and prospects. prospects and may increase the risks associated with any investment.
Read it in 10-K 2026-03-19 at sec.gov ↗
RewordedRisk Factors
If securities or industry analysts do not publish research or cease publishing research, or publish inaccurate or unfavorable research research, about our business, the market price for the shares of our Class A Common Stock and trading volume its liquidity could decline.
Read it in 10-K 2026-03-19 at sec.gov ↗
RewordedRisk Factors
The trading market for our Class B Common Stock will depend in part on securities may be influenced by the research and reports that securities or industry analysts publish about us or our business. business, market or competitors.
Read it in 10-K 2026-03-19 at sec.gov ↗
RewordedRisk Factors
If any of the following events risks occur, our business, financial condition, business and or results of operations (including cash flows) may could be materially adversely affected.
Read it in 10-K 2026-03-19 at sec.gov ↗
RewordedRisk Factors
In addition, Section 107 of the JOBS Act also provides that an emerging growth company can take advantage of utilize the extended transition period provided in Section 7(a)(2)(B) of the Securities Act Act, for complying with new or revised accounting standards.
Read it in 10-K 2026-03-19 at sec.gov ↗
AddedMD&A
The following discussion and analysis of our financial condition and results of operations should be read in conjunction with the consolidated financial statements and notes to those consolidated financial statements included in Item 15 of this Annual Report. References to "we", "us", "our", or "the Company" refer to Strive, Inc. and its consolidated subsidiaries unless specifically stated otherwise. In addition to historical financial information, this discussion and analysis contains forward-looking statements that are based upon our current expectations, beliefs, estimates and projections, and various assumptions, many of which, by their nature, are inherently uncertain and beyond our control. See the section of this Annual Report entitled “Forward Looking Information and Risk Factor Summary.” Actual results and timing of selected events may differ materially from those anticipated in these forward-looking statements as a result of various factors, including those set forth under “Part I. Item 1A. Risk Factors” or elsewhere in this Annual Report.
Read it in 10-K 2026-03-19 at sec.gov ↗
AddedMD&A
References to "we", "us", "our", or "the Company" refer to Strive, Inc. and its consolidated subsidiaries unless specifically stated otherwise.
Read it in 10-K 2026-03-19 at sec.gov ↗
AddedMD&A
On February 6, 2026, we completed a 1:20 reverse stock split of our Class A and Class B Common Stock (the "Reverse Stock Split"). As a result of the Reverse Stock Split, all applicable share and per share information of the Successor presented within this “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” has been retroactively adjusted to reflect the Reverse Stock Split for all periods presented. Concurrent with the effectiveness of the Reverse Stock Split, the number of shares of Class A Common Stock available to purchase and the related exercise price of outstanding warrants were adjusted pro-rata to give effect to the Reverse Stock Split.
Read it in 10-K 2026-03-19 at sec.gov ↗
AddedMD&A
Strive is a structured finance company and institutional asset manager focused on disciplined capital allocation and long term value creation. We have strategically adopted bitcoin as our hurdle rate for capital deployment because of our fiduciary duty to maximize long-term value for stockholders, and compounding purchasing power over time. Relative to a traditional depreciating fiat-denominated benchmark, implementing a bitcoin hurdle rate establishes a higher level of accountability and strategic investment discipline, since our decisions are measured against an asset we believe will appreciate over time.
Read it in 10-K 2026-03-19 at sec.gov ↗
AddedMD&A
Strive’s operating business generates stockholder value through disciplined balance sheet management and the growth of our bitcoin holdings. Our SATA Stock exemplifies this approach, a publicly traded security that aims to provide investors with consistent cash flows and minimal volatility, while enabling Strive to capture the spread between SATA Stock’s financing cost and the potential long term return of bitcoin.
Read it in 10-K 2026-03-19 at sec.gov ↗
AddedMD&A
Beyond balance sheet strategy, Strive is focused on advancing innovation within the capital markets by modernizing established financing structures. The Company has developed our SATA Stock, our perpetual preferred equity instrument, that incorporates an at‑the‑market (“ATM”) program, creating a flexible and continuous capital formation mechanism. This approach transforms a historically static capital structure into a dynamic and adaptive capital funding platform. Through
Read it in 10-K 2026-03-19 at sec.gov ↗
AddedMD&A
these innovations, Strive seeks to combine legacy market frameworks with modern assets, positioning the Company at the intersection of institutional finance and a bitcoin‑based reserve strategy.
Read it in 10-K 2026-03-19 at sec.gov ↗
AddedMD&A
Following the completion of Strive Enterprises, Inc.'s reverse acquisition of Asset Entities Inc. in September 2025, Strive began operating as a publicly traded company and began deploying capital to execute on its bitcoin treasury strategy, becoming the first U.S. publicly traded bitcoin treasury asset management firm.
Read it in 10-K 2026-03-19 at sec.gov ↗
AddedMD&A
As of December 31, 2025, the Company manages over $2.4 billion in AUM. These activities provide recurring, fee-based revenue streams which increase with AUM. Beginning in fiscal year 2026, we plan to operate our asset-management segment within a single-digit-million dollar operating loss to single-digit-million dollar operating profit range.
Read it in 10-K 2026-03-19 at sec.gov ↗
AddedMD&A
On September 22, 2025, Strive, Inc. entered into the Semler Scientific Merger Agreement with Semler Scientific. On January 16, 2026, pursuant to the Semler Scientific Merger Agreement, Strive Merger Sub, Inc., a wholly owned subsidiary of Strive merged with and into Semler Scientific, with Semler Scientific continuing as the surviving corporation and a wholly owned subsidiary of Strive. Through the acquisition of Semler Scientific, Strive acquired Semler Scientific's existing bitcoin reserve as well as Semler Scientific's operating business, which develops and markets technology products and services that assist customers in evaluating and treating chronic diseases. The patented and FDA cleared product, QuantaFlo, measures arterial blood flow in the extremities to aid in the diagnosis of PAD. QuantaFlo, which is intended to enable expanded labeling as an aid in the diagnosis of other cardiovascular diseases, is currently pursuing a 510(k) clearance from the FDA.
Read it in 10-K 2026-03-19 at sec.gov ↗
AddedMD&A
Our bitcoin strategy generally involves, from time to time, subject to market conditions and the need for cash and cash equivalents to meet short-term working capital requirements, (i) acquiring bitcoin through open market purchases using available cash, which may be raised from our operating activities as well as capital raising initiatives, such as issuing equity and fixed income offerings, among other capital raise strategies (collectively, "beta" initiatives) and (ii) acquiring bitcoin through alpha strategies, such as acquiring bitcoin through strategic M&A activity or other transactions, resulting in the acquisition of bitcoin at a discount relative to market value, which are intended to deliver returns above and beyond what beta initiatives may deliver alone.
Read it in 10-K 2026-03-19 at sec.gov ↗
AddedMD&A
In 2025, we acquired a total of approximately 7,627 bitcoin at an aggregate acquisition cost of approximately $863.0 million, or $113,153 per bitcoin, including fees and expenses. During the period from January 1, 2026 to March 17, 2026, we acquired approximately 5,048 bitcoin through our acquisition of Semler Scientific and purchased an additional 953 bitcoin at an average price of approximately $81,092 per bitcoin, inclusive of fees and expenses. In addition, in March 2026, we made an initial investment of $50.0 million in the Variable Rate Series A Perpetual Stretch Preferred Stock (the "STRC Stock") of Strategy Inc.
Read it in 10-K 2026-03-19 at sec.gov ↗
RemovedMD&A
The following discussion and analysis summarizes the significant factors affecting our operating results, financial condition, liquidity and cash flows as of and for the periods presented below. The following discussion and analysis should be read in conjunction with our financial statements and the related notes thereto included elsewhere in this Annual Report. The discussion contains forward-looking statements that are based on the beliefs of management, as well as assumptions made by, and information currently available to, management. Actual results could differ materially from those discussed in or implied by forward-looking statements as a result of various factors, including those discussed below and elsewhere in this Annual Report, particularly in the sections titled Item 1A. “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements.”
Read it in 10-K 2025-03-31 at sec.gov ↗
RemovedMD&A
Asset Entities is a technology company providing social media marketing and content delivery services across Discord, TikTok, and other social media platforms. We also design, develop and manage servers for communities on Discord. Based on the growth of our Discord servers and social media following, we have developed three categories of services: (1) our Discord investment education and entertainment services, (2) social media and marketing services, and (3) our “AE.360.DDM” brand services. We also offer Ternary v2, a cloud-based subscription management and payment processing solution for Discord communities, which includes a suite of customer relations management tools and Stripe-verified payment processing. All of our services are based on our effective use of Discord as well as other social media including TikTok, X, Instagram, and YouTube.
Read it in 10-K 2025-03-31 at sec.gov ↗
RemovedMD&A
Our Discord investment education and entertainment service is designed primarily by and for enthusiastic Generation Z, or Gen Z, retail investors, creators and influencers. Gen Z is commonly considered to be people born between 1997 and 2012. Our investment education and entertainment service focuses on stock, real estate, cryptocurrency, and NFT community learning programs designed for the next generation. While we believe that Gen Z will continue to be our primary market, our Discord server offering features education and entertainment content covering real estate investments, which is expected to appeal strongly to older generations as well. Our combined server user membership was approximately 206,899 as of December 31, 2024.
Read it in 10-K 2025-03-31 at sec.gov ↗
RemovedMD&A
Our social media and marketing services utilize our management’s social influencer backgrounds by offering social media and marketing campaign services to business clients. Our team of social influencer independent contractors, which we call our “SiN” or “Social Influencer Network”, can perform social media and marketing campaign services to expand our clients’ Discord server bases and drive traffic to their businesses, as well as increase membership in our own servers.
Read it in 10-K 2025-03-31 at sec.gov ↗
RemovedMD&A
Our “AE.360.DDM, Design Develop Manage” service, or “AE.360.DDM”, is a suite of services to individuals and companies seeking to create a server on Discord. We believe we are the first company to provide “Design, Develop and Manage,” or DDM, services for any individual, company, or organization that wishes to join Discord and create their own community. With our AE.360.DDM rollout, we are uniquely positioned to offer DDM services in the growing market for Discord servers.
Read it in 10-K 2025-03-31 at sec.gov ↗
RemovedMD&A
Through Ternary v2, our subscription management and payment processing solution for Discord communities, subscribers can monetize and manage their Discord users. Ternary v2 simplifies the process for our subscribers to: (i) sell memberships to their Discord servers on their websites and collect payments through Stripe with daily payouts; (ii) add digital products and services and designate purchase options to their Discord servers; (iii) customize their user Discord permissions and roles and other Discord settings; and (iv) utilize our Discord bot to automatically apply their Discord user settings to authenticate new users, apply customizable permission sets to users, and remove users when their subscriptions expire. As a Stripe-verified partner through Ternary v2, we can also assist subscribers with integrating other platforms into their Discord servers with open application programming interfaces, further extending our platform’s capabilities.
Read it in 10-K 2025-03-31 at sec.gov ↗
RemovedMD&A
We believe that we are a leading provider of all of these services, and that demand for all of our services will continue to grow. We expect to experience rapid revenue growth from our services. We believe that we have built a scalable and sustainable business model and that our competitive strengths position us favorably in each aspect of our business.
Read it in 10-K 2025-03-31 at sec.gov ↗
RemovedMD&A
Our revenue depends on the number of paying subscribers to our Discord servers. During the years ended December 31, 2024 and 2023, we received revenue from 1,302 and 298 Asset Entities Discord server paying subscribers, respectively.
Read it in 10-K 2025-03-31 at sec.gov ↗
RemovedMD&A
As of December 31, 2024, the Company had an accumulated deficit of $12,006,357 and a cash balance of $2,660,624. During the years ended December 31, 2024 and 2023, we had a net loss of $6,393,932 and $4,931,197, respectively. To date, the Company has financed its operations primarily through capital raises and sales of its services. In April 2024, the Company filed the Shelf Registration Statement, which was declared effective by the SEC on April 26, 2024, for potential offerings of up to $100,000,000 in aggregate, subject to the requirement that in no event may we sell shares having a value exceeding more than one-third of our public float in any 12-month period under the Shelf Registration Statement so long as our public float remains below $75,000,000. In May 2024, the Company completed the first of a two-part private placement of its Series A Preferred Stock for gross proceeds of $1.5 million, and in July 2024, the Company completed the second part of the private placement for an additional $1.5 million in gross proceeds. In September 2024, the Company entered into the ATM Sales Agreement, and filed a prospectus supplement to the Shelf Registration Statement for the ATM Financing for gross proceeds of up to $1,791,704. As of March 31, 2025, the Company had filed additional prospectus supplements to the Shelf Registration Statement to increase the maximum gross proceeds to $5,489,399. Since the commencement of the ATM Financing, a total of 5,417,700 shares has been sold, for net proceeds to the Company of $4,830,647.56, after paying $329,362 in compensation to the Sales Agent and the same amount to Boustead under the Boustead ATM Waiver. The Company has received confirmation from the investor in its Series A Preferred Stock that it will invest up to an additional $3 million upon request by the Company. Based on the Company’s existing cash resources and the cash expected to be received from the ATM Financing and other planned financings, it is expected that the Company will have sufficient funds to carry out the Company’s planned operations through December 31, 2025 and for at least 12 months beyond that period. For further discussion, see Item 7. “—Liquidity and Capital Resources”.
Read it in 10-K 2025-03-31 at sec.gov ↗
RemovedMD&A
our ability to acquire new customers and users or retain existing customers and users;
Read it in 10-K 2025-03-31 at sec.gov ↗
RemovedMD&A
We qualify as an “emerging growth company” under the JOBS Act. As a result, we are permitted to, and intend to, rely on exemptions from certain disclosure requirements. For so long as we are an emerging growth company, we will not be required to:
Read it in 10-K 2025-03-31 at sec.gov ↗
RemovedMD&A
have an auditor report on our internal control over financial reporting pursuant to Section 404(b) of the Sarbanes-Oxley Act;
Read it in 10-K 2025-03-31 at sec.gov ↗
RewordedMD&A
The preparation Our discussion and analysis of these our financial statements condition and results of operations are based on our consolidated financial statements, which have been prepared in accordance with GAAP, which requires us to make estimates and assumptions judgments that affect the reported amounts of assets assets, liabilities, and liabilities and equity, the disclosure of contingent assets and liabilities at the date of the financial statements, as well as and the reported amounts of revenues and expenses incurred during the reporting periods. period.
Read it in 10-K 2026-03-19 at sec.gov ↗
RewordedMD&A
Actual results may and outcomes could differ from these estimates under different assumptions or conditions. and assumptions.
Read it in 10-K 2026-03-19 at sec.gov ↗
