I-ON Digital Corp. (IONI) Form 10-Q — May 20, 2026
I-ON Digital Corp. reported a net income of $4.15 million for the quarter ended March 31, 2026, reversing a prior-year loss of $348,409. However, this profitability is entirely non-operating, driven by a $4.06 million gain on the exchange of gold-backed digital assets (ION.au) for pmUSD and xPM tokens, and a $440,619 gain from settling $1.33 million in defaulted bridge loans using those same assets. The company’s core operations remain unprofitable, with only $27,000 in revenue generated from a treasury lease agreement with GGBR Inc., against $418,139 in operating expenses.
Key figures
- Eps
- 0.12
- Revenue
- 27000
- Net Income
- 4149246
- Total Debt
- 183257
- Total Assets
- 22923406
- Cash Position
- 193012
- Yield Income
- 274711
- Diluted Shares
- 107523228
- Shares Outstanding
- 34106234
- Derivative Liability
- 790312
- Gain On Settlement Of Debt
- 440619
- Gain On Exchange Of Intangible Assets
- 4064680
Price after filing
Close on the filing date to close N calendar days later (from $0.20). Historical, not a forecast.
AI analysis
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