What changed in this filing

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Item 2. Management’s Discussion and Analysis

2025-08-19 compared with 2025-05-15 · 154 added, 107 removed, 205 unchanged (56% of the section changed)

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Forward-Looking Statements

The information in this report contains

forward-looking statements.

The information in this report contains forward-looking

All statements other than statements of historical fact made in this report are forward-looking.

particular, the statements herein regarding industry prospects and future results of operations or financial position are

forward-looking statements.

These forward-looking statements can be identified by the use of words such as “believes,”

“estimates,” “could,” “possibly,” “probably,” anticipates,”

“projects,” “expects,” “may,” “will,” or “should” or other variations or

similar words.

No assurances can be given that the future results anticipated by the forward-looking statements will be achieved.

In particular, the statements

herein regarding industry prospects and future results of operations or financial position are forward-looking statements.

These forward-looking

statements can be identified by the use of words such as “believes,” “estimates,” “could,” “possibly,”

“probably,” anticipates,” “projects,” “expects,” “may,” “will,” or “should”

or other variations or similar words.

No assurances can be given that the future results anticipated by the forward-looking statements

will be achieved.

Forward-looking statements reflect management’s current expectations and are inherently uncertain.

If underlying assumptions

prove inaccurate or unknown risks or uncertainties materialize, our actual results may differ significantly from management’s

If underlying

assumptions prove inaccurate or unknown risks or uncertainties materialize, our actual results may differ significantly from management’s

expectations.

These risks and uncertainties include those factors described in greater detail in the risk factors disclosed in our

Form 10-K for the fiscal year ended December 31, 2024 filed with the Securities and Exchange Commission.

Should one or more of these

risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects

from those anticipated in these forward-looking statements.

The Company undertakes no obligation to update or revise any

forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under

applicable securities laws.

These risks and uncertainties include those factors described in greater detail in the risk factors disclosed in our Form

10-K for the fiscal year ended December 31, 2024 filed with the Securities and Exchange Commission.

Should one or more of these risks

or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those

anticipated in these forward-looking statements.

The Company undertakes no obligation to update or revise any forward-looking statements,

whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

You are cautioned not to place undue reliance

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offerings for revenue so that we are not dependent on our revenue from our eVance business but there is no guarantee that we will be able

With respect to our eVance business, our merchants

are currently processing over $100,000,000 in gross transactions monthly and average approximately 1,400,000 transactions a month.

transactions come from a variety of sources including direct accounts and ISO channels.

The accounts consist of businesses across the

United States with no concentration of industries or merchants.

We have integrated all the applications for OmniSoft

and the ShopFast Omnicommerce solution with the eVance mobile payment gateway, SecurePay.comTM.

SecurePay.comTM, is currently used by

approximately 3,000 merchants processing over 32,000 transactions and approximately $9,000,000 of monthly gross transactions (though our

revenue from these transactions is limited).

In July 2019, we launched a new merchant and ISO boarding system that will be able to onboard

merchants instantly.

This provides the merchant with an automated approval and ISOs will have the ability to see all their merchants and

their residuals as they load to the system.

SecurePay.comTM.

In July 2019, we launched

a new merchant and ISO boarding system that will be able to onboard merchants instantly.

This provides the merchant with an automated

approval and ISOs will have the ability to see all their merchants and their residuals as they load to the system.

On May 22, 2020, the Company purchased certain

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and had 400 computers online and mining for Bitcoin.

At March 31, 2025, DMINT had mined 57.77 Bitcoin.

At June 30, 2025, DMINT had mined 59.34 Bitcoin.

On October 21, 2024, DMINT

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of The OLB Group, Inc.

and its subsidiaries for the three months ended March 31, 2025 and 2024.

Three Months Ended March 31, 2025 Compared

to the Three Months Ended March 31, 2024

For the three months ended March 31, 2025, we

had total revenue of $2,321,536 compared to $3,496,182 of revenue for the three months ended March 31, 2024, a decrease of $1,174,646

We earned $2,058,277 in transaction and processing fees, $12,124 in merchant equipment rental and sales, $72,637 in other revenue

from monthly recurring subscriptions, $85,482 of revenue from the Cryptocurrency Mining segment and $93,016 of revenue from the sale of

digital products.

For the three months ended March 31, 2024, we earned $2,288,209 in transaction and processing fees, $20,183 in merchant

equipment rental and sales, $108,868 in other revenue from monthly recurring subscriptions, $211,617 of revenue from the Bitcoin Mining

segment and $867,305 of revenue from the sale of digital products.

We had a decrease in revenue primarily due to a decrease in revenue

related to Moola Cloud, LLC, as the Company transitions to new vendors to obtain better pricing and is working to acquire new vendors

to replace others that have gone out of business.

For the three months ended March 31, 2025, we

had processing and servicing costs of $1,808,814 compared to $2,753,593 of processing and servicing costs for the three months ended March

and its subsidiaries for the three months ended June 30, 2025 and 2024.

Three Months Ended June 30, 2025 Compared

to the Three Months Ended June 30, 2024

For the three months ended June 30, 2025, we had total revenue of $2,267,191

compared to $3,521,154 of revenue for the three months ended June 30, 2024, a decrease of $1,253,963 or 35.6%.

We earned $2,096,342 in

transaction and processing fees, $4,563 in merchant equipment rental and sales, $70,359 in other revenue from monthly recurring subscriptions,

$60,190 of revenue from the Cryptocurrency Mining segment and $35,737 of revenue from the sale of digital products.

For the three months

ended June 30, 2024, we earned $2,484,193 in transaction and processing fees, $27,940 in merchant equipment rental and sales, $145,026

in other revenue from monthly recurring subscriptions, $52,319 of revenue from the Bitcoin Mining segment and $811,676 of revenue from

the sale of digital products.

We had a decrease in revenue primarily due to a decrease in revenue related to Moola Cloud, LLC, as the

Company transitions to new vendors to obtain better pricing and is working to acquire new vendors to replace others that have gone out

For the three months ended June 30, 2025, we had

processing and servicing costs of $1,964,314 compared to $2,972,679 of processing and servicing costs for the three months ended June

30, 2024, a decrease of $1,008,365 or 33.9%.

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Amortization expense for the three months ended

March 31, 2025 was $3,972 compared to $190,961 for the three months ended March 31, 2024, a decrease of $186,989 or 97.9%.

We record amortization

expense on our merchant portfolio, trademarks and natural gas purchase rights.

The decrease in the current period is due to most

of the assets being fully amortized in 2024.

June 30, 2025 was $0 compared to $117,847 for the three months ended June 30, 2024, a decrease of $117,847.

We record amortization expense

on our merchant portfolio, trademarks and natural gas purchase rights.

The decrease in the current period is due to most of the

assets being fully amortized in 2024 and the remainder in Q1 2025.

Depreciation expense for our Bitcoin Mining Segment

was $258,349 for the three months ended March 31, 2025 compared to $749,520 for the three months ended March 31, 2024, a decrease of $491,171

was $120,967 for the three months ended June 30, 2025 compared to $843,671, for the three months ended June 30, 2024, a decrease of $722,704

The decrease in the current period is due to assets being impaired in 2024.

Salary and wage expense for the three months ended

March 31, 2025, was $531,356 compared to $1,016,338 for the three months ended March 31, 2024, a decrease of $484,982 or 47.7%.

is due to a decrease in headcount and a $271,000 decrease for stock based compensation.

Professional fees for the three months ended March

31, 2025, were $77,573 compared to $648,443 for the three months ended March 31, 2024, a decrease of $570,870 or 88%.

June 30, 2025, was $1,052,614 compared to $689,198 for the three months ended June 30, 2024, an increase of $363,416 or 52.7%.

is due to the issuance of common stock for $450,000 of non-cash bonus expense.

Professional fees for the three months ended June

30, 2025, were $334,566 compared to $564,855 for the three months ended June 30, 2024, a decrease of $230,289 or 40.8%.

Professional fees

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related activity was much less in the current period.

General and administrative expenses for the three

months ended March 31, 2025, was $490,151 compared to $1,024,892 for the three months ended March 31, 2024, a decrease of $534,741 or

The decrease was mainly due to an approximately $212,000 decrease in Bank Fees, a decrease of $43,000 in Computer & Software

Expenses, a $62,000 decrease in Utility Expense and a decrease of $76,000 in insurance expense.

For the three months ended March 31, 2025, we

had total other expense of $240,319 compared to total other income of $486,947 for the three months ended March 31, 2024.

General and administrative expenses for the three months ended June

30, 2025, was $491,476 compared to $947,987 for the three months ended June 30, 2024, a decrease of $456,511 or 48.2%.

The decrease was

mainly due to an approximately $96,000 decrease in bank fees, a decrease of $143,000 of contracted services, and a $137,000 decrease in

Utility Expense.

For the three months ended June 30, 2025, we had

total other expenses of $427,568 compared to $32,929 for the three months ended June 30, 2024.

In the current period we incurred interest

expense for related parties of $169,805 and other expense of $30,000.

We also recognized a loss on the extinguishment of debt of $52,000

and a loss on conversion of accrued salaries and loans payable of $175,763.

In the prior period we had $32,929 of interest expense.

Our net loss for the three months ended June 30,

2025, was $2,124,314 compared to $2,648,012 for the three months ended June 30, 2024.

This was a decrease in our net loss of $523,698

for the reasons discussed above.

Six Months Ended June 30, 2025 Compared

to the Six Months Ended June 30, 2024

For the six months ended June 30, 2025, we had total revenue of $4,588,727

compared to $7,017,336 of revenue for the six months ended June 30, 2024, a decrease of $2,428,609 or 34.6%.

We earned $4,154,619

in transaction and processing fees, $16,687 in merchant equipment rental and sales, $142,996 in other revenue from monthly recurring subscriptions,

$145,672 of revenue from the Cryptocurrency Mining segment and $128,753 of revenue from the sale of digital products.

months ended June 30, 2024, we earned $4,772,402 in transaction and processing fees, $48,123 in merchant equipment rental and sales, $253,894

in other revenue from monthly recurring subscriptions, $263,936 of revenue from the Bitcoin Mining segment and $1,678,981 of revenue from

the sale of digital products.

We had a decrease in revenue primarily due to a decrease in revenue related to Moola Cloud, LLC, as the

Company transitions to new vendors to obtain better pricing and is working to acquire new vendors to replace others that have gone out

For the six months ended June 30, 2025, we had

processing and servicing costs of $3,773,128 compared to $5,726,272 of processing and servicing costs for the six months ended June 30,

2024, a decrease of $1,953,144 or 34.1%.

Processing and servicing costs decreased in conjunction with the decreased revenue.

Amortization expense for the six months ended

June 30, 2025 was $3,972 compared to $308,808 for the six months ended June 30, 2024, a decrease of $304,836 or 98.7%.

We record amortization

expense on our merchant portfolio, trademarks and natural gas purchase rights.

The decrease in the current period is due to most

of the assets being fully amortized in 2024.

Depreciation expense for our Bitcoin Mining Segment

was $379,316 for the six months ended June 30, 2025 compared to $1,593,191, for the six months ended June 30, 2024, a decrease of $1,213,875

The decrease in the current period is due to assets being impaired in 2024.

Salary and wage expense for the six months ended

June 30, 2025, was $1,583,970 compared to $1,705,536 for the six months ended June 30, 2024, a decrease of $121,566 or 7.1%.

In the current

period we incurred interest expense for a related party of $225,319 and other expense of $15,000.

In the prior period we had unrealized

gain on investment of $274,731, a $225,229 gain on the sale of bitcoin, and $13,013 of interest expense.

Our net loss for the three months ended March

31, 2025, was $1,088,998 compared to $2,400,618 for the three months ended March 31, 2024.

period we issued shares of common stock for $450,000 of non-cash bonus expense, which was offset by a decrease in headcount and a $271,000

decrease for stock based compensation.

Professional fees for the six months ended June

30, 2025, were $412,139 compared $1,213,298 for the six months ended June 30, 2024, a decrease of $801,159 or 66%.

Professional fees consist

mainly of audit and legal fees.

The decrease in the current period is due to a decrease in legal fees as the Company’s legal related

activity was much less in the current period.

General and administrative expenses for the six months ended June 30,

2025, was $981,627 compared to $1,972,879 for the six months ended June 30, 2024, a decrease of $991,252 or 50.2%.

The decrease was mainly

due to an approximately $308,000 decrease in Bank Fees, a decrease of $65,500 in Computer & Software Expenses, a $199,000 decrease

in Utility Expense and a decrease of $227,000 in insurance expense.

For the six months ended June 30, 2025, we had

total other expenses of $667,887 compared to total other income of $454,018 for the six months ended June 30, 2024.

In the current period

we incurred interest expense for related parties of $395,124 and other expense of $45,000.

We also recognized a loss on the extinguishment

of debt of $52,000 and a loss on conversion of accrued salaries and loans payable of $175,763.

For the six months ended June 30, 2024,

we had total other income of $454,018 from an unrealized gain on investment of $274,731, a $225,229 gain on the sale of bitcoin, and $45,942

of interest expense.

Our net loss for the six months ended June 30,

2025, was $3,213,312 compared to $5,048,630 for the six months ended June 30, 2024.

This was a decrease in our net loss of $1,835,318

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Operating Activities

For the three months ended March 31, 2025, we

used $155,842 of cash in operating activities, which included our net loss of $1,088,998 offset by $262,073 for amortization and depreciation

expense and $423 for lease expense and net changes in operating assets and liabilities of $636,785.

For the three months ended March 31,

2024, we used $424,700 of cash in operating activities, which included our net loss of $2,400,618 offset by $940,481 for amortization

and depreciation expense, $304,874 for stock-based compensation, $225,229 gain on sale of bitcoin, $274,731 gain on investment and net

changes in operating assets and liabilities of $1,230,523.

For the six months ended June 30, 2025, we used $1,175,615 of cash

in operating activities, which included our net loss of $3,213,312 offset by $867,196 of non-cash reconciling items and net changes in

operating assets and liabilities of $1,170,501.

For the six months ended June 30, 2024, we used

$1,210,224 of cash in operating activities, which included our net loss of $5,048,630 offset by $1,901,999 for amortization and depreciation

expense, $338,750 for stock-based compensation, $225,229 gain on sale of bitcoin, $274,731 gain on investment and net changes in operating

assets and liabilities of $2,097,617.

Financing Activities

For the three months ended March 31, 2025, we

received net cash of $157,746 in financing activities as a result of receiving $18,881 from our CEO and $187,913 from the sale of common

stock, and an increase in our cash overdraft of $28,671.

We made repayments on our note payable of $38,838 and to our CEO of $38,881.

For the three months ended March 31, 2024, we received net cash of $249,013 in financing activities as a result of receiving $182,150

from our CEO, $9,775 from the sale of common stock, $6,840 in proceeds from exercise of options by related parties, and an increase in

our cash overdraft of $91,020.

We made repayments on our note payable of $40,772.

the six months ended June 30, 2025, we received net cash of $1,150,841 from financing activities as a result of receiving $346,073 from

our CEO and $887,786 from the sale of common stock, and a decrease in our cash overdraft of $5,299.

We made repayments on our note payable

of $38,838 and to our CEO of $38,881.

For the six months ended June

30, 2024, we received net cash of $751,590 in financing activities as a result of receiving $834,782 from our CEO, $9,775 from the sale

of common stock, $6,840 in proceeds from exercise of options by related parties, and an increase in our cash overdraft of $30,559.

made repayments on our note payable of $130,406.

Liquidity and Capital Resources

At March 31, 2025, the Company had cash of $29,340

At June 30, 2025, the Company had cash of $2,662

and negative working capital of $5,037,442.

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in connection with its services, including the fees and out-of-pocket expenses of its legal counsel.

As of March 31, 2025, the ATM Offering

As of June 30, 2025, the ATM Offering

has resulted in proceeds of $2,009,723.

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Yakov LLC over all of the assets of the Company.

During the three months ended March 31, 2025,

Yakov made payments on behalf of the Company in the amount of $18,881.

As of March 31, 2025, the amount due to Yakov LLC is $1,183,960

and $225,319 of principal and interest, respectively.

The Company has reviewed its cash flow activity

during 2024 and the first three months ended March 31, 2025 and projected cash flow forecast for the remainder of 2025.

At March 31, 2025,

the Company had cash of approximately $29,000, accounts receivable of approximately $128,000, and other prepaids and receivables of approximately

The Company has performed an overall analysis of market trends to determine whether or not it has sufficient liquidity to continue

as a going concern for a period of at least twelve months from the date of this Annual Report.

Management believes that its current available

resources will be sufficient to fund the Company’s planned expenditures over the next 12 months.

However, management recognizes

that it may be required to obtain additional resources to successfully execute its business plans.

No assurances can be given that management

will be successful in raising additional capital, if needed, or on acceptable terms.

During the six months ended June 30, 2025, all

amounts owed to Mr.

Yakov were converted into shares of common stock.

The Company has reviewed its cash flow activity during 2024 and the

first six months ended June 30, 2025 and projected cash flow forecast for the remainder of 2025.

At June 30, 2025, the Company had cash

of approximately $2,600, accounts receivable of approximately $81,000, and other assets and receivables of approximately $792,000.

Company has performed an overall analysis of market trends to determine whether or not it has sufficient liquidity to continue as a going

concern for a period of at least twelve months from the date of this Annual Report.

Management believes that its current available resources

will be sufficient to fund the Company’s planned expenditures over the next 12 months.

However, management recognizes that it may

be required to obtain additional resources to successfully execute its business plans.

No assurances can be given that management will

be successful in raising additional capital, if needed, or on acceptable terms.

Without raising additional capital, either via additional

advances made pursuant to the ATM, related party loan or from other sources, there is substantial doubt about the Company’s ability

to continue as a going concern through March 31, 2026.

The accompanying unaudited consolidated financial statements have been prepared

assuming that the Company will continue as a going concern.

This basis of presentation contemplates the recovery of the Company’s

assets and the satisfaction of liabilities in the normal course of business.

to continue as a going concern through June 30, 2026.

The accompanying unaudited condensed consolidated financial statements have

been prepared assuming that the Company will continue as a going concern.

This basis of presentation contemplates the recovery of the

Company’s assets and the satisfaction of liabilities in the normal course of business.

Critical Accounting Policies

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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.

What changed 10-Q

Item 2. Management’s Discussion and Analysis