TON Strategy Co
For the period ended Dec 31, 2025. Filed Mar 31, 2026.
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FY2025 · Filed Mar 31, 2026
TONX$2.95+7.7%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 exhibitsContents
Consolidated Balance Sheets
| As of December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $39,493 | $7,617 |
| Restricted cash | 169 | 878 |
| Accounts receivable, net of allowance for credit losses of $5 and $0 as of December 31, 2025 and 2024, respectively | 441 | 350 |
| ERC receivable – short-term | 734 | 2,458 |
| Short-term investments - trading | - | 4,913 |
| Prepaid expenses and other current assets – related parties | 163 | - |
| Prepaid expenses and other current assets | 1,364 | 252 |
| Total current assets | 42,364 | 16,468 |
| Long-lived assets, net | 389 | 3,663 |
| Intangible assets, net | 48 | 178 |
| Goodwill | 5,165 | - |
| TON - unrestricted | 89,628 | - |
| TON – restricted | 267,181 | - |
| Other non-current assets – related party | 2,790 | - |
| Other non-current assets | 3,599 | 326 |
| Total assets | $411,164 | $20,635 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities | ||
| Accounts payable | $1,874 | $731 |
| Accounts payable – related parties | 269 | - |
| Accrued expenses | 589 | 2,326 |
| Contract liabilities | 155 | 134 |
| Accrued payroll | 828 | 425 |
| Accrued officers’ compensation | 245 | 534 |
| Notes payable, current | - | 20 |
| Operating lease liabilities, current | 129 | 124 |
| Contingent liability, current | 500 | - |
| Total current liabilities | 4,589 | 4,294 |
| Long-term liabilities | ||
| Notes payable, non-current | - | 98 |
| Contingent liability, non-current | 100 | - |
| Operating lease liabilities, non-current | 80 | 222 |
| Total liabilities | 4,769 | 4,614 |
| Commitments and contingencies (Note 14) | - | - |
| Stockholders’ equity | ||
| Common stock, $0.0001 par value, 400,000,000 shares authorized, 56,530,617 and 993,120 shares issued and outstanding as of December 31, 2025 and 2024 | 6 | 1 |
| Additional paid-in capital | 743,207 | 203,295 |
| Accumulated deficit | (336,725) | (187,094) |
| Stockholders’ equity in Ton Strategy Company | 406,488 | 16,202 |
| Non-controlling interests | (93) | (181) |
| Total stockholders’ equity | 406,395 | 16,021 |
| Total liabilities and stockholders’ equity | $411,164 | $20,635 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.