I-ON Digital Corp. (IONI)
I-ON Digital Corp. provides asset-digitization and securitization solutions. Its solutions are engineered to provide a secure, fast, transparent, and institutional-grade ecosystem that digitizes documentary evidence of ownership, in accordance with onboarding and acceptance process, into secure, asset-backed digital certificates that bring liquidity and accepted value of asset classes. The company develops, acquires, and deploys a portfolio of technologies that have been integrated and engineered into an ecosystem built on hybrid blockchain architecture that utilizes smart contracts and workflow management AI technologies to digitize ownership records of recoverable gold, precious metal, and mineral reserves into digital certificates that facilitate wealth transfer through new asset-backed financial instruments and asset classes. It serves claim holders of gold reserves; and high net worth investors within the banking and financial services sector. The company was formerly known as I-ON Communications Corp. and changed its name to I-ON Digital Corp. In May 2019. I-ON Digital Corp. was founded in 1999 and is headquartered in Chicago, Illinois.
Sector: Finance Services
Industry: Software - Application
I-ON Digital Corp.
OTC:IONITechnology · Software - Application
-11.62%$0.0920
Mkt Cap$3.14M
Float26.26M
O/S34.11M
Inst Own-
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$433K
Net Income-$2.88M
Total Assets$18.31M
Free Cash Flow-$1.02M
Debt & Equity
Debt 4%
Equity 96%
Preferred 0%
Total Debt$550K
Total Equity$14.26M
Preferred Stock$59
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in IONI's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$18.31M
Liabilities$4.06M
Accounts Receivable$27K
Accounts Payable$0
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$18.02M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 |
| Revenue | $433K | $33K | $98K | $0 | $16.2M | $10.47M | $7.95M | $7.09M | $2.34M | $1.95M | $1.95M | $2.03M |
| YoY Growth | 1227.2% | -66.7% | - | - | 54.7% | 31.7% | 12.2% | 203.5% | 19.6% | 0.1% | -4.0% | - |
| Cost of Revenue | $136K | $21K | $63K | $0 | $10.83M | $6.08M | $5.52M | $5.26M | $2.35M | $1.59M | $1.46M | $1.44M |
| Gross Profit | $297K | $12K | $35K | $0 | $5.36M | $4.39M | $2.43M | $1.83M | -$13K | $366K | $496K | $593K |
| Gross Margin | 68.5% | 35.6% | 35.6% | - | 33.1% | 42.0% | 30.6% | 25.8% | -0.5% | 18.7% | 25.4% | 29.1% |
| Research and Development | $0 | $0 | $0 | $525K | $1.5M | $999K | $838K | $329K | $671K | $1.39M | $0 | $0 |
| Selling, General, and Administrative | $3.2M | $1.29M | $740K | $0 | $2.06M | $1.7M | $1.87M | $1.93M | $1.37M | $1.3M | $850K | $777K |
| Other | -$136K | $0 | $0 | -$273K | $0 | $0 | -$6K | $0 | $321 | $593K | $0 | $4K |
| Total Operating Expenses | $3.06M | $1.29M | $740K | $252K | $3.56M | $2.7M | $2.7M | $2.26M | $1.37M | $1.3M | $850K | $777K |
| Operating Income (EBIT) | -$2.77M | -$1.28M | -$706K | -$252K | $1.81M | $1.7M | -$182K | -$432K | -$1.38M | -$932K | -$354K | -$184K |
| Operating Margin | -638.7% | -3929.8% | -720.8% | - | 11.2% | 16.2% | -2.3% | -6.1% | -59.2% | -47.7% | -18.1% | -9.1% |
| Interest Expense | $124K | $547K | $91K | $0 | $13K | $24K | $48K | $23K | $63K | $23K | $12K | $2K |
| Interest Income | $0 | $0 | $0 | $0 | $46K | $45K | $52K | $50K | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$118K | -$628K | -$99K | $252K | -$121K | $11K | -$155K | $91K | -$63K | -$193K | $14K | $331K |
| Income Before Tax (EBT) | -$2.88M | -$1.91M | -$804K | $0 | $1.69M | $1.71M | -$431K | -$341K | -$1.45M | -$1.13M | -$340K | $146K |
| Income Tax Expense | $0 | $0 | $825 | $0 | -$307K | $87K | $276K | -$423K | $6K | $2K | $14K | $25K |
| Net Income | -$2.88M | -$1.91M | -$805K | -$28K | $2.16M | $1.62M | -$712K | $82K | -$1.45M | -$1.13M | -$354K | $121K |
| Net Income Margin | -666.0% | -5854.4% | -822.6% | - | 13.4% | 15.5% | -9.0% | 1.2% | -62.1% | -57.7% | -18.1% | 5.9% |
| Supplementary Data | ||||||||||||
| EPS | -0.09 | -0.07 | -0.03 | 0.00 | 0.06 | 0.05 | -0.02 | 0.00 | -0.05 | -0.24 | -0.08 | 0.01 |
| Diluted EPS | -0.09 | -0.07 | -0.03 | 0.00 | 0.06 | 0.05 | -0.02 | 0.00 | -0.05 | -0.24 | -0.08 | 0.01 |
| Weighted Average OS | 31.49M | 27.41M | 26.05M | 19.72M | 35.03M | 35.03M | 35.03M | 35.03M | 28.89M | 4.64M | 4.47M | 9.97M |
| EBITDA | -$2.63M | -$1.19M | -$651K | $0 | $1.93M | $1.87M | -$143K | -$208K | -$1.27M | -$1.01M | -$281K | $337K |
| EBITDA Margin | -607.3% | -3653.4% | -664.9% | - | 11.9% | 17.9% | -1.8% | -2.9% | -54.2% | -51.7% | -14.4% | 16.6% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 |
| Assets | |||||||||||||
| Current Assets | |||||||||||||
| Cash and Cash Equivalents | $158K | $270K | $36K | $0 | $3.71M | $4.52M | $1.34M | $1.71M | $3.24M | $118K | $325K | $340K | $0 |
| Short-Term Investments | $0 | $0 | $0 | $0 | $716K | $771K | $716K | $741K | $747K | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $158K | $270K | $36K | $0 | $4.42M | $5.29M | $2.05M | $2.45M | $3.98M | $118K | $325K | $340K | $0 |
| Accounts Receivable | $27K | $0 | $0 | $0 | $5.43M | $3.14M | $3.07M | $2.72M | $525K | $193K | $222K | $580K | $0 |
| Inventory | $0 | $0 | $0 | $0 | $410K | $2.02M | $1.87M | $0 | $291K | $240K | $179K | $213K | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $1.6M | $0 | $0 | $1.77M | -$2.19M | $0 | $0 | $0 | $0 |
| Total Current Assets | $292K | $283K | $146K | $0 | $12.44M | $11.56M | $8.06M | $7.79M | $888K | $572K | $738K | $1.15M | $0 |
| Long-Term Assets | |||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $105K | $118K | $204K | $164K | $1.6M | $1.23M | $469K | $178K | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $18.02M | $18.14M | $18.4M | $0 | $439K | $232K | $193K | $136K | $136K | $50K | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $93K | $102K | $105K | $103K | $136K | $171K | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $590K | $756K | $774K | $1.21M | $12K | $12K | $9K | $88K | $0 |
| Other Long-Term Assets | $0 | $0 | $0 | $0 | $738K | $396K | $460K | $467K | -$69K | -$99K | $135K | $221K | $0 |
| Total Long-Term Assets | $18.02M | $18.14M | $18.4M | $0 | $1.97M | $1.6M | $1.74M | $2.08M | $1.81M | $1.36M | $613K | $487K | $0 |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $18.31M | $18.42M | $18.55M | $0 | $14.41M | $13.16M | $9.79M | $9.87M | $2.7M | $1.94M | $1.35M | $1.64M | $0 |
| Liabilities | |||||||||||||
| Current Liabilities | |||||||||||||
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $627K | $49K | $375K | $388K | $150K | $171K | $250K | $0 |
| Short-Term Debt | $550K | $550K | $473K | $0 | $337K | $712K | $669K | $716K | $2.56M | $731K | $188K | $26K | $500 |
| Current Income Tax Payable | $0 | $0 | $0 | -$2.06M | $282K | $265K | $116K | $129K | $0 | $12K | $9K | $0 | $0 |
| Current Unearned Revenue | $460 | $0 | $33K | $0 | $0 | $424K | $0 | $129K | $14K | $3K | $21K | $113K | $0 |
| Other Current Liabilities | $157K | $0 | $0 | $0 | $2.58M | $0 | $116K | $0 | $97K | $120K | $115K | $121K | $0 |
| Total Current Liabilities | $4.06M | $2.64M | $854K | $0 | $3.52M | $3.86M | $2.54M | $2.01M | $3.19M | $1.05M | $488K | $536K | $2K |
| Long-Term Liabilities | |||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $194K | $427K | $280K | $33K | $212K | $100K | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $756K | $0 | $0 | $12K | $12K | $9K | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$280K | -$12K | $0 | $0 | $0 |
| Total Long-Term Liabilities | $0 | $0 | $0 | $0 | $0 | $756K | $194K | $427K | $12K | $33K | $212K | $100K | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | -$756K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $4.06M | $2.64M | $854K | $0 | $3.52M | $3.86M | $2.73M | $2.44M | $3.2M | $1.08M | $700K | $636K | $2K |
| Stockholders' Equity | |||||||||||||
| Preferred Stock | $59 | $74 | $176K | $0 | $1.09M | $475K | $475K | $0 | $100 | $100 | $0 | $0 | $0 |
| Common Stock | $3K | $3K | $3K | $2K | $4K | $4K | $4K | $4K | $490 | $476 | $447 | $488 | $1K |
| Retained Earnings | -$8.29M | -$5.41M | -$3.5M | -$2.69M | $7.68M | $5.52M | $3.9M | $4.61M | -$4.01M | -$2.56M | -$1.43M | -$1.08M | $0 |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | -$727K | $290K | -$260K | -$52K | -$1.21M | -$2.09M | $0 | $0 | $0 |
| Other Stockholders' Equity | $22.55M | $21.19M | $21.19M | - | $3.37M | $3.77M | $3.15M | $2.82M | $3.51M | $3.41M | $2.08M | $2.08M | -$3K |
| Total Equity | $14.26M | $15.78M | $17.69M | $0 | $11.06M | $9.29M | $7.05M | $7.43M | -$502K | $851K | $650K | $1M | -$2K |
| Minority Interest | $0 | $0 | $0 | $0 | -$166K | $6K | $5K | $419 | $252 | $161 | $0 | $0 | $0 |
| Total Liabilities and Equity | $18.31M | $18.42M | $18.55M | $0 | $14.57M | $13.15M | $9.79M | $9.87M | $2.7M | $1.94M | $1.35M | $1.64M | $0 |
| Supplementary Data | |||||||||||||
| Total Debt | $550K | $550K | $473K | $0 | $337K | $712K | $864K | $1.14M | $2.56M | $760K | $400K | $153K | $500 |
| Net Debt | $392K | $280K | $437K | $0 | -$3.37M | -$3.81M | -$474K | -$566K | -$680K | $642K | $75K | -$188K | $500 |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 |
| Operating Activities | |||||||||||||
| Net Income | -$2.88M | -$1.91M | -$805K | -$273K | $2.16M | $1.62M | -$712K | $82K | -$1.45M | -$1.13M | -$354K | $121K | $0 |
| Depreciation & Amortization | $136K | $171K | $63K | $0 | $109K | $141K | $240K | $77K | $115K | $91K | $46K | $189K | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $38K | $217K | $35K | $110K | $0 | $0 | $21K | $0 |
| Stock-Based Compensation | $1.36M | $0 | $121K | $0 | $0 | $67K | $64K | $87K | $99K | $191K | $0 | $37K | $0 |
| Changes in Working Capital: | |||||||||||||
| Accounts Receivable | -$27K | $0 | $0 | $0 | -$2.49M | $148K | -$205K | $1.14M | -$331K | $29K | $57K | -$32K | $0 |
| Inventory | $0 | $0 | $0 | $0 | $990K | $155K | $692K | -$740K | -$50K | -$61K | $34K | $95K | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | -$403K | $432K | -$353K | -$97K | $238K | -$21K | -$79K | $6K | $0 |
| Other Working Capital | $420K | $527K | $103K | $0 | -$57K | $38K | $225K | -$441K | $38K | $95K | -$16K | $6K | $0 |
| Total Working Capital Change | $393K | $527K | $103K | $0 | -$1.96M | $773K | $359K | -$134K | -$106K | $42K | -$3K | $75K | -$2K |
| Other Non-Cash Items | -$3K | $157K | $19K | -$520K | -$172K | -$38K | -$34K | $25K | -$128K | -$50K | $386K | -$296K | $2K |
| Net Cash from Operating | -$998K | -$1.06M | -$499K | -$793K | $136K | $2.6M | $134K | $172K | -$1.36M | -$854K | $75K | $148K | -$2K |
| Investing Activities | |||||||||||||
| Capital Expenditures | -$19K | $0 | -$579K | $0 | -$339K | -$75K | -$281K | -$242K | -$550K | -$851K | -$338K | -$170K | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $86K | $0 | $0 | $0 | $37K | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | -$9K | -$50K | -$10K | -$2.48M | -$120K | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.48M | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $120K | $0 | -$706K | $0 | $118K | -$172K | -$3K | -$106K | -$93K | $0 | $28K | $0 |
| Net Cash from Investing | -$19K | $120K | -$579K | -$706K | -$347K | -$7K | -$462K | -$163K | -$550K | -$851K | -$338K | -$105K | $0 |
| Financing Activities | |||||||||||||
| Debt Repaid | - | - | -$550K | - | $197K | $191K | $200K | -$1.04M | -$1.54M | -$318K | -$247K | $114K | - |
| Common Stock Issuance | $0 | $0 | $646K | $0 | $0 | $0 | $472K | $0 | $0 | $44K | $0 | $4K | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$709K | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | -$250K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $752K | $1.17M | $168K | -$3.08M | -$372K | $391K | $472K | $636K | $0 | $1.14M | $0 | $0 | $0 |
| Net Cash from Financing | $905K | $1.17M | $1.11M | -$3.08M | -$81K | $201K | $57K | $329K | $1.79M | $1.5M | $247K | -$114K | $0 |
| Forex Effect | $0 | $0 | $0 | -$732K | -$667K | $494K | -$159K | -$165K | $1.91M | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$112K | $234K | $36K | -$5.31M | -$959K | $3.29M | -$430K | $173K | $1.79M | -$207K | -$15K | -$72K | -$2K |
| Supplementary Data | |||||||||||||
| Operating Cash Flow | -$998K | -$1.06M | -$499K | -$793K | $136K | $2.6M | $134K | $172K | -$1.36M | -$854K | $75K | $148K | -$2K |
| Capital Expenditure | -$19K | -$5 | -$579K | -$4 | -$339K | -$75K | -$281K | -$242K | -$550K | -$851K | -$338K | -$170K | $0 |
| Free Cash Flow | -$1.02M | -$1.06M | -$1.08M | -$793K | -$202K | $2.53M | -$146K | -$70K | -$1.91M | -$1.71M | -$262K | -$23K | -$2K |
| Cash at Beginning | $270K | $36K | $0 | $5.31M | $6.27M | $2.98M | $3.41M | $3.24M | $118K | $325K | $340K | $412K | $0 |
| Cash at End | $158K | $270K | $36K | $0 | $5.31M | $6.27M | $2.98M | $3.41M | $1.91M | $118K | $325K | $340K | -$2K |