−Removed: Risk Factors.
−Removed: As a smaller reporting company under Rule 12b-2
−Removed: of the Exchange Act, we are not required to include risk factors in this Quarterly Report.
−Removed: However, as of the date of this Quarterly Report,
−Removed: there have been no material changes with respect to those risk factors previously disclosed in the “Risk Factors” section
−Removed: of the Annual Report.
−Removed: Any of these factors could result in a significant or material adverse effect on our results of operations or financial
−Removed: Additional risk factors not presently known to us or that we currently deem immaterial may also impair our business or results
−Removed: of operations.
−Removed: We may disclose changes to such risk factors or disclose additional risk factors from time to time in our future filings
−Removed: with the SEC.
+Added: There have been no material changes to the risk factors previously disclosed in our Annual Report on Form 10-K for the year ended December 31, 2025, other than as follows.
+Added: Our digital-asset holdings represented 89% of our total assets as of June 30, 2026 and are measured at fair value with changes recognized in earnings;
+Added: declines in the price of Bitcoin, Tether or the NILA token would have an immediate and material adverse effect on our results of operations and financial condition, and the NILA token trades in markets that are not active, which may limit our ability to monetize that position at its carrying value.
+Added: Substantial doubt exists about our ability to continue as a going concern.
+Added: Notes payable with an aggregate principal amount of $5,000,000 matured on July 1, 2026, and the forbearance arrangement with the holder of our senior secured convertible note expired on June 30, 2026;
+Added: if we are unable to repay, extend or restructure these obligations, the holders may exercise remedies against substantially all of our assets.
+Added: We are not in compliance with Section 1007 of the NYSE American Company Guide and our common stock could be delisted if we do not regain compliance within the cure period.
+Added: We effected a 1-for-10 reverse stock split on July 24, 2026, which may adversely affect the liquidity and market price of our common stock.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.