Material Year-over-Year Revenue Increase
Total revenues for fiscal year 2025 were $2.58 million versus $546,000 in fiscal 2024, an increase of approximately 372.7%. Quarterly total revenue for the three months ended December 31, 2025 was $576,000 versus $422,000 in the prior-year quarter, up ~36.5%.
Quarterly Swing to Profit
Net income for the quarter ended December 31, 2025 was $120,000 ($0.02 per basic and diluted share) compared with a net loss of $460,000 ($0.05 loss per share) in the quarter ended December 31, 2024, representing a positive swing in quarterly profitability.
Improved Annual Investment and Other Income
Net investment and other income for FY 2025 increased to $314,000 from $248,000 in FY 2024, an improvement of ~26.6% year-over-year.
Stronger Cash Position
Cash and cash equivalents plus restricted cash increased by $1.08 million to approximately $6.9–$7.0 million as of December 31, 2025 (from $5.89 million at year-end 2024), up ~18.3%, providing liquidity to support tokenized reinsurance and strategic initiatives.
Token Performance and Platform Distribution Progress
Management reported strong performance for tokenized offerings: the balance-yield token is tracking ahead of its 20% target (described as '25% ahead of its 20% target') and the high-yield token is tracking its 42% target. The platform expanded into the Solana ecosystem and distribution across more than 160 blockchain networks via Layer 0 / Alphaledger.
Strategic Growth Initiatives Underway
Company is actively exploring tokenization of additional real-world assets, including data center revenue streams and AI infrastructure-related cash flows, signaling potential new revenue lines and platform expansion beyond reinsurance.