Axe Compute Inc.

For the period ended Dec 31, 2025. Filed Mar 31, 2026.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Mar 31, 2026

AGPU$7.64+1.9%Stored close · as of Nov 10, 2026

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Contents

Item 8. Consolidated Statements of Cash Flows

CONSOLIDATED STATEMENTS OF CASH FLOWS

	Year Ended December 31,
2025 · 2024
Cash flow from continuing operating activities:
Net loss		$(233,095,203)	$(12,664,388)
Less: loss from discontinued operations		(241,556)	(2,439,733)
Net loss from continuing operations		(232,853,647)	(10,224,655)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization		129,038	132,337
Amortization of operating lease right-of-use assets		559,538	495,869
Write off of aged accounts payable and accrued expenses		(676,678)	-
Vesting expense		1,032,515	906
Shares of common stock and warrants issued to nonemployees		15,550,146	99,253
(Gain) loss on derivative instruments		52,735,000	(1,376)
(Gain) loss on digital assets		152,490,550	-
Loss on disposal of property and equipment		-	803
Loss on disposal of intangible assets		-	4,738
Changes in assets and liabilities:
Accounts receivable		2,034	45,795
Prepaid expense and other assets		33,603	119,687
Accounts payable		1,005,900	(169,105)
Accrued expenses and other		751,132	(154,521)
Contract liabilities		(80,000)	(45,755)
Operating lease liability		(555,170)	(407,060)
Net cash used in continuing operating activities:		(9,876,039)	(10,103,084)
Cash flow from continuing investing activities:
Digital assets purchased		(32,616,819)	-
Purchase of property and equipment		-	(9,510)
Net cash used in continuing investing activities:		(32,616,819)	(9,510)
Cash flow from continuing financing activities:
Proceeds from issuance of common stock and warrants		56,005,986	4,960,562
Costs to issue common stock and warrants		(4,048,995)	(870,960)
Proceeds from issuance of financing note payable		264,048	275,098
Repayment of note payable		(156,097)	(425,506)
Payments for taxes related to net share settlement of restricted stock units		(58,369)	-
Net cash provided by continuing financing activities		52,006,573	3,939,194
Discontinued operations:
Net cash used in operating activities		(82,538)	(1,852,587)
Net cash provided by investing activities		625,000	32,000
Net cash provided by (used in) financing activities		-	-
Net cash provided by (used in) discontinued operations		542,462	(1,820,587)
Net increase (decrease) in cash		10,056,177	(7,993,987)
Cash and cash equivalents from continuing operations at beginning of period		611,822	8,357,294
Cash and cash equivalents from discontinued operations at beginning of period		122,851	371,366
Less: Cash from discontinued operations at end of period		-	(122,851)
Cash and cash equivalents from continuing operations at end of period		$10,790,850	$611,822
Supplemental disclosure for cash flow information:
Cash payments for interest		$8,960	$11,466
Non-cash transactions:
Digital assets received pursuant to securities purchase agreements		62,973,982	-
Digital asset receivable received pursuant to securities purchase agreements		96,824,502	-
Vested ATH claimed from Digital Asset Receivable		3,445,865	-
Shares issued for vested restricted stock units, net of shares withheld for taxes		502	-
Common stock issued in connection with reverse stock split		727	-
Equipment transferred from discontinued operations	$	-	$5,140

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