Stablecoin Development Corp

For the period ended Sep 30, 2026. Filed Oct 29, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2026 · Filed Oct 29, 2026

SDEV$0.89-9.2%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Item 1. FINANCIAL STATEMENTS

STABLECOIN DEVELOPMENT CORPORATION

CONDENSED BALANCE SHEETS

(in thousands, except share and per share data)

	September 30, 2026	December 31, 2025
(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$7,153	$7,958
Prepaid expenses and other current assets	673	717
Total current assets	7,826	8,675
Digital assets, at fair value	180,209	—
Other assets	181	360
TOTAL ASSETS	$188,216	$9,035
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Liabilities:
Current liabilities:
Accounts payable	$—	$257
Accrued liabilities	455	396
Unsecured Convertible Notes, net of discounts	—	67
Operating lease liabilities	—	422
Total current liabilities	455	1,142
Warrant liabilities, at fair value	—	639,071
Operating lease liabilities-non-current	—	287
Deferred tax liabilities, net	5,598	—
Total liabilities	6,053	640,500
Commitments and contingencies (Note 7)
Mezzanine (temporary) equity:
Preferred stock, $0.01 par value; 5,000,000 shares authorized; Series F Preferred Stock; 0 and 1,346,633 shares issued and outstanding at September 30, 2026 and December 31, 2025, respectively	—	350
Stockholders’ equity (deficit):
Preferred stock, $0.01 par value; 5,000,000 shares authorized; Series B Preferred Stock; 0 and 131 shares issued and outstanding at September 30, 2026 and December 31, 2025, respectively	—	6
Common stock, $0.01 par value; 5,000,000,000 shares authorized, 51,751,359 and 25,216,436 shares issued and outstanding at September 30, 2026 and December 31, 2025, respectively*	518	252
Additional paid-in capital*	439,003	186,981
Accumulated deficit	(257,358)	(819,054)
Total stockholders’ equity (deficit)	182,163	(631,815)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)	$188,216	$9,035

*	After giving retroactive effect to the 1-for-5 Reverse Stock Split that became effective February 20, 2026.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.