IP STRATEGY HOLDINGS, INC.
For the period ended Dec 31, 2025. Filed Apr 14, 2026.
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FY2025 · Filed Apr 14, 2026
IPST$2.17-1.4%Stored close · as of Nov 10, 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, 202 and
Consolidated Balance Sheets
| As of December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| ASSETS | ||
| Current Assets | ||
| Cash | $245,282 | $453,162 |
| Accounts Receivable | 347,763 | 638,890 |
| Inventory | 1,643,020 | 2,471,567 |
| Other Current Assets | 510,440 | 355,928 |
| Total Current Assets | 2,746,505 | 3,919,547 |
| Long Term Assets | ||
| Property and Equipment, net of Accumulated Depreciation (Note 18) | 1,238,662 | 5,449,412 |
| Operating Lease Right-of-Use Assets, net (Note 18) | 2,125,540 | 3,303,158 |
| Investment in Flavored Bourbon LLC | 10,928,195 | 14,285,222 |
| Intangible Digital Assets (Notes 8 and 18) | 91,701,203 | — |
| Other Intangible Assets (Notes 10 and 18) | — | 421,151 |
| Goodwill (Note 10) | — | 589,870 |
| Other Long Term Assets | 17,965 | 31,666 |
| Total Long Term Assets | 106,011,565 | 24,080,479 |
| Total Assets | $108,758,070 | $28,000,026 |
| LIABILITIES & STOCKHOLDERS’ EQUITY / (DEFICIT) | ||
| Current Liabilities | ||
| Accounts Payable | $1,979,942 | $4,979,353 |
| Accrued Payroll | 1,586,121 | 950,974 |
| Accrued Tax Liability | 1,559,316 | 1,535,628 |
| Other Current Liabilities | 536,017 | 1,253,052 |
| Operating Lease Liabilities, Current (Note 18) | 730,935 | 1,131,545 |
| Notes Payable, Current | 2,353,998 | 3,758,595 |
| Accrued Interest | 138,692 | 202,367 |
| Total Current Liabilities | 8,885,021 | 13,811,514 |
| Long Term Liabilities | ||
| Operating Lease Liabilities, net of Current Portion (Note 18) | 1,436,077 | 2,810,015 |
| Notes Payable, net of Current Portion | 220,842 | 9,482,339 |
| Accrued Interest, net of Current Portion | — | 977,316 |
| Other Long Term Liabilities | — | 127,075 |
| Total Long-Term Liabilities | 1,656,919 | 13,396,745 |
| Total Liabilities | 10,541,940 | 27,208,259 |
| Commitments and Contingencies (Note 13) | ||
| Stockholders’ Equity / (Deficit) | ||
| Preferred Stock - par value $0.0001 per share; 10,000,000 and 5,000,000 shares authorized as of December 31, 2025 and 2024, respectively: | ||
| Series A Convertible, 500,000 shares designated; 210,700 and 494,840 shares issued and outstanding as of December 31, 2025 and 2024, respectively | 21 | 49 |
| Series B Convertible, 850,000 and 0 shares designated; 0 and 0 shares issued and outstanding as of December 31, 2025 and 2024, respectively | — | — |
| Common Stock, par value $0.0001 per share; 985,000,000 and 70,000,000 shares authorized; 9,651,081 and 263,680 shares issued and outstanding as of December 31, 2025 and 2024, respectively | 962 | 26 |
| Additional Paid-In-Capital | 310,064,480 | 74,925,710 |
| Accumulated Deficit | (211,849,333) | (74,134,018) |
| Total Stockholders’ Equity / (Deficit) | 98,216,130 | 791,767 |
| Total Liabilities & Stockholders’ Equity / (Deficit) | $108,758,070 | $28,000,026 |
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