HSDTSolana Company
We are a listed digital asset treasury (“DAT”) dedicated to acquiring and holding Solana tokens (“SOL”). 10-K, Item 1
- Headquarters
- Philadelphia, PA
- Next results
- around Nov 17, 2026
What changed
10-K filed Mar 31, 2026 against Mar 25, 2025| Area | What changed | Source |
|---|---|---|
| Risk factors | 155 new paragraphs, nothing like them in the previous 10-K | 10-K Item 1A |
| Auditor change | 8-K item 4.01 (change in certifying accountant) filed 2025-10-16 | 10-K · XBRL |
| Going concern language | “As previously disclosed, we had expressed substantial doubt about our ability to continue as a going concern due to recurring losses and negative operating cash flows.” | 10-K · XBRL |
| Late filing notice (NT 10-K or NT 10-Q) | NT 10-Q filed 2025-11-12: the company said its 10-Q would be late | 10-K · XBRL |
| Accounting checks | 6 other checks clear, 3 worth a look | 10-K · XBRL |
| Insiders | No open-market buys in the last 90 days | Form 4 |
| Filings | 4 in the last 30 days | EDGAR |
Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.
What's new, in their words
10-K filed Mar 31, 2026Paragraphs in Risk Factors that were not in the 10-K filed 2025-03-25. Quoted as filed.
Solana is a highly volatile asset that has traded below $100 per Solana and above $240 per Solana on the Coinbase exchange (a major U.S.-based crypto exchange) in the 12 months preceding the date of this Annual Report on Form 10-K. The trading price of Solana significantly decreased during prior periods, and such declines may occur…
10-K, Item 1A
Accounting checks
latest 10-K6 of 9 clear 3 worth a look. Checks, not verdicts.
- !Auditor change8-K item 4.01 (change in certifying accountant) filed 2025-10-16
- !Going concern language“As previously disclosed, we had expressed substantial doubt about our ability to continue as a going concern due to recurring losses and negative operating cash flows.”
- !Late filing notice (NT 10-K or NT 10-Q)NT 10-Q filed 2025-11-12: the company said its 10-Q would be late
- ✓Inventory +8.2% vs revenue +1057.1% (-1048.9 pts)
- ✓No 8-K item 4.02 in the last 2 years
- ✓No longer listed: Valuation of warrants. Same as last year: F-1
- ✓No sentence in the 10-K concludes that controls were not effective because of a material weakness
- ✓No 8-K item 2.06 in the last 2 years
- ✓No 8-K item 1.03 in the last 2 years
In the last 30 days
All filings →- Oct 31, 2026SEC letter SEC asked 1 question about Form 10-K for the Fiscal Year Ended March 31, 2016 letters 2016-10-20 to 2016-11-01
- Oct 31, 2026SEC letter SEC asked 4 questions about Form S-1 letters 2016-05-31 to 2017-01-04 · no closing letter yet
- Oct 31, 2026SEC letter SEC asked 4 questions about Form 10-12G letters 2015-04-28 to 2015-05-04 · Results discussion (MD&A), Risk factors · no closing letter yet
- Oct 31, 2026SEC letter SEC asked 7 questions about Form 10 letters 2015-03-05 to 2015-04-15 · Risk factors · no closing letter yet
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Work on HSDT in a spreadsheet:
Excel workbook (a sheet per section, ten years by column, charts, links to the filings) ·
CSV.
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