Z Squared Inc. (ZSQR) Form 10-Q — Aug 13, 2026
Z Squared Inc. (formerly Coeptis Therapeutics Holdings) reported its first quarter as a crypto miner following the April 24, 2026 reverse merger, generating $1,583,485 of Dogecoin and Litecoin mining revenue over roughly 68 days of operations. The mining economics were deeply negative: total cost of revenue of $3,349,432 ran at 211% of revenue, with direct costs alone at 138% before depreciation, while net loss attributable to common stockholders reached $13,722,495 on $7.03 million of stock-based compensation, $4.20 million of professional fees, and $3.55 million of shares issued for services.
Key figures
- Eps
- -0.28 (Q2 2026 basic/diluted); -0.29 (six months)
- Revenue
- 1583485
- Total Debt
- 0
- Cash Position
- 15492446
- Shares Outstanding
- 53000397
- Goodwill
- 106932241
- Working capital
- 13499233
- Ltc mining revenue
- 190475
- Accumulated deficit
- 13722968
- Doge mining revenue
- 1393010
- Sepa gross proceeds
- 15418839
- Asic mining machines
- 9800
- Merger consideration
- 107485534
- Total cost of revenue
- 3349432
- Goodwill test headroom
- approximately $426.2 million, or 317%
- Weighted avg shares q2
- 49758736
- Terminated atm capacity
- 300000000
- Paradox conversion price
- 7.45
- Stock based compensation
- 7033939
- Paradox closing preferred
- 5000000
- Direct cost pct of revenue
- 138%
- Shares issued for services
- 3552213
- Mining equipment contributed
- 12438900
- Sepa capacity fully utilized
- 20000000
- Impairment loss co dev rights
- 306336
- Professional services expense
- 4195588
- Paradox milestone payments max
- 20000000
- Mining equipment net book value
- 11281391
- Paradox preferred dividend rate
- 8.0% per annum
- Paradox stated value consideration
- 25000000
- Terminated forward purchase capacity
- 50000000
- Total cost of revenue pct of revenue
- 211%
- Crypto holdings fair value at 6 30 26
- 341
Price after filing
Close on the filing date to close N calendar days later (from $4.16). Historical, not a forecast.
AI analysis
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