QumulusAI, Inc.
Filed Dec 31, 2025.
View on SEC.govAbout this filing
A company's registration of shares for sale to the public, often for a first offering. It describes the business, its risks and how the company plans to use the money.
period unavailable · Filed Dec 31, 2025
Contents
Conversion of note payable
| For the Years Ended December 31, | ||||
|---|---|---|---|---|
| 2024 | 2023 | $ Change | % Change | |
| Gain on conversion of note payable | $— | $105,464 | $(105,464) | (100)% |
Gain on conversion of note payable for the year ended December 31, 2023 was $105,464. The amount in 2023 represents Preferred Stock – Series A amortization of the discount for the year. There were no transactions in 2024.
| For the Years Ended December 31, | ||||
|---|---|---|---|---|
| 2024 | 2023 | $ Change | % Change | |
| Change in fair value of warrant liability | $(2,566,552) | $(1,557,234) | $(1,009,318) | 65% |
Change in fair value of warrant liability for the year ended December 31, 2024 was $2,566,552, an increase of $1,009,318 compared to $1,557,234 for the year ended December 31, 2023. The amount represents the increase in fair value of type 1 warrants from 2024 to 2023 due to the increased share price of the Company.
| For the Years Ended December 31, | ||||
|---|---|---|---|---|
| 2024 | 2023 | $ Change | % Change | |
| Change in fair value of digital assets | $188,682 | $28,760 | $159,922 | 556% |
Change in fair value of digital assets for the year ended December 31, 2024 was $188,682, an increase of $159,922 compared to $28,760 for the year ended December 31, 2023. The increase is driven by the increase in market value for bitcoin at each of the defined period close dates. The Company held 5.39 bitcoins on December 31, 2024 and 2.47 bitcoins on December 31, 2023. The Company has sold all bitcoin as of July 2025.
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