BONK, INC.

Listed Company

BNKKCIK 0001760903NasdaqNon-AcceleratedSmaller ReportingEmerging GrowthPerfumes, Cosmetics & Other Toilet PreparationsDelawareFY ends Dec 31

Period

FY 2025

Revenue

$2.12M

Net Income

$-68.19M

Total Assets

$40.97M

Equity

$35.00M

Shares Out

7.85M

Op. Cash Flow

$-25.28M

Business

BONK, INC. commercializes a liquid dietary supplement formulated to reduce blood alcohol accumulation, marketed under the Sure Shot brand (formerly Safety Shot). The company offers a 12-ounce liquid SKU plus a 4-ounce version and a powdered stick-pack format, with plans for additional flavors and dosages. Its business includes consumer packaged goods operations, research and development supported by clinical studies, and the separation of legacy wellness product lines to a subsidiary (Caring Brands). Products are sold via e-commerce (including Amazon), through retail stores and big-box channels, with manufacturing outsourced to contract manufacturers in the U.S. and India and fulfillment via third-party U.S. warehouses.

Summary from filing dated 2025-03-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Beverage sales	2	701,967	202,670	120,627	3
Related party income from digital assets	2	—	—	—	—
Cost of sales	3	3	277,127	325,169	2
Gross profit	1	−2	−74,457	−204,542	535,485
General and administrative	36	40	13	12	17
Impairment expense	5	—	—	—	—
Total operating costs and expenses	41	40	—	—	—
Interest income	92,094	57,602	—	—	—
Interest expense	−592,504	−175,927	−171,433	−1	−2
Loss on settlement	−6	—	—	—	—
Other income / (expense)	151,612	−5	−1	790	699,704
Gain (loss) on sale of marketable securities	13	—	—	—	—
Loss on exchange	−120,446	—	—	—	—
Unrealized loss on digital asset	−35	—	—	—	—
Unrealized gain (loss) on equity investment	−40,542	−862,407	−864,418	—	—
Total other income (expense)	−29	−6	−2	−1	−1
Loss from operations	−68	−48	−15	−16	—
Loss from discontinued operations	—	−997,802	−261,528	344,172	—
Net loss	−68	−49	−15	−15	−28
Deemed dividend	−863,400	−2	—	—	—
Loss attributable to shareholders	−69	−52	−15	—	—
Basic (per share)	−17.02	−31.77	−0.49	−0.69	−1.69
Diluted (per share)	−17.02	−31.77	−0.49	—	—
Loss per share attributed to common shareholders	−17.23	−33.24	—	—	—
Basic (shares)	4	2	31	22	17
Diluted (shares)	4	2	31	—	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2023 2023-06-30	FY 2022 2022-12-31
Cash	2	348,816	4	200,000	1
Marketable securities	54,720	54,720	842,976	—	—
Digital assets	630,605	—	—	—	—
Inventory	949,275	233,510	795,824	—	151,204
Accounts receivable	90,140	283,561	5,585	—	26,440
Prepaid expenses and deposits	2	920,189	1	—	116,389
Note receivable	139,405	511,557	—	—	1
Total current assets	6	3	8	—	7
Non-current digital assets	17	—	—	—	—
Right of use assets	18,570	299,722	479,027	—	643,977
Goodwill	14	—	—	—	941,937
Related party revenue sharing other asset, net of amortization	2	—	—	—	—
Intangible assets, net of amortization	1	4	5	—	291,533
Fixed assets, net of depreciation	66,191	94,007	28,272	—	52,494
Total non-current assets	35	5	—	—	—
TOTAL ASSETS	41	7	13	—	9
Accounts payable	2	2	1	—	2
Accrued expenses	3	2	269,152	—	—
Note payable, current portion	275,000	—	—	—	—
Convertible notes	—	5	2	—	2
COVID-19 SBA loan	49,210	47,928	48,974	—	47,533
Current portion of lease liability	23,544	212,964	214,752	—	164,170
Total current liabilities	6	9	4	—	5
Long-term portion lease liability	—	114,148	304,907	—	519,659
Total non-current liabilities	—	114,148	—	—	—
Total liabilities	6	10	4	—	5
Preferred stock, $0.001 par value, 1,000,000 shares authorized of which 176,806 and none are issued and outstanding as of December 31, 2025 and 2024, respectively	177	—	—	—	—
Common stock, $.001 par value, 1,000,000,000 shares authorized, of which 7,751,707 and 1,789,724 shares issued and outstanding as of December 31, 2025 and 2024, respectively	7,751	1,790	45,634	—	22,339
Additional paid-in capital	216	111	74	—	54
Common stock payable	3	2	725,230	—	477,000
Accumulated deficit	−183	−115	−66	—	−51
Total shareholders equity (deficit)	35	−2	9	—	4
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY (DEFICIT)	41	7	13	—	9

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization expense	654,378	428,828	214,142	20,589	187,917
Fair value of stock-based compensation	10	5	1	3	9
Fair value of options issued for services rendered	1	15	—	—	—
Fair value of shares issued from Convertible note extinguishment	—	−84,219	1	937,207	−34,499
Bad debt expense	—	89,328	7,022	—	7,513
Fair value of common stock issued for services	2	—	108,263	—	—
Fair value of common stock issued for settlement	918,602	—	—	—	—
Fair value of common stock issued for bonus	792,500	—	—	—	—
Fair value of SRM shares granted in connection with settlement	391,000	—	—	—	—
Unrealized gain/loss on equity investment	40,542	599,155	—	—	—
Exchange of common stock for Series A Preferred stock	120,446	—	—	—	—
Gain on sale of SRM stock	—	−431,972	—	—	—
Accrued loss on settlements	—	7	—	—	—
Realized gain/loss on sale of marketable securities	−13	269,723	−238,834	—	—
Revenue on Digital Assets	−2	—	—	—	—
Unrealized gain/loss on marketable securities	—	101,088	2	—	—
Prepaid expenses and deposits	−320,604	635,718	−1	−50,463	−447,721
Right of use asset	356,056	179,305	—	—	—
Accounts receivable	362,706	−367,304	367,024	−19,889	−401,398
Note receivable	126,512	—	—	—	—
Inventory	−185,459	562,314	−608,004	97,580	−78,342
Accounts payable	2	725,001	−255,750	838,355	554,093
Accrued liabilities	292,517	284,517	141,842	52,304	81,471
Lease liability	−395,162	−192,547	−164,170	−130,234	−86,481
Net cash (used in) continuing operating Activities	−25	−18	−11	−6	—
Loss from discontinued operations	—	−997,802	−261,528	344,172	—
Net cash (used in) discontinued operations	—	−997,802	601,537	72,450	—
Cash received from sale of investments	13	490,000	—	—	—
Cash received from sale of marketable securities	—	417,445	869,834	—	—
Cash paid for investment	—	−739,557	—	—	—
Purchase of intangible assets	−834,116	—	−2	—	—
Purchase of digital assets	−5	—	—	—	—
Investment in Yerbae	−925,000	—	—	—	—
Acquisition of Yerbae	−201,958	—	—	—	—
Cash paid for purchase of assets	—	−85,665	—	—	—
Purchase of equipment	—	−87,162	−106,153	−14,991	−88,297
Net Cash Provided by (used in) Investing Activities	6	−4,939	−330,047	−2	−13
Proceeds from shares issued for private placements	5	11	—	—	—
Repayments of convertible notes	−5	—	—	—	−3
Proceeds from issuance of common stock	20	—	—	—	—
Proceeds from warrant purchase agreement	550,000	—	13	—	—
Proceeds from issuance of shares for warrant conversions	—	4	—	—	—
Cash received upon exercise of options	—	76,000	—	—	—
Deconsolidation of subsidiary	—	943,722	—	—	—
Net Cash Provided by Financing Activities	21	16	13	−904,151	28
CHANGE IN CASH	2	−3	2	−10	7
Interest	—	—	—	—	—
Income taxes	—	—	—	—	—
Common stock issued for Bonk Coins	22	—	—	—	—
Fair value of common stock issued in exchange for settlement of payables	4	—	—	—	—
Issuance of Preferred Stock B in connection with payoff of Convertible notes	5	—	—	—	—
Issuance of Preferred Stock C in connection in exchange for digital assets	25	—	—	—	—
Issuance of Preferred Stock C in connection in exchange for digital assets	2	—	—	—	—
Common stock issued for loss on settlement	875,000	—	—	—	—
Shares issued for L&H	81,683	—	—	277,500	560,496
Common stock issued for services	756,250	—	—	—	—
Warrants cashless exercise from common stock	951	—	—	—	—
Preferred B converted to CS	340	—	—	—	—
Common stock issued for settlement	5	—	—	—	—
Common stock issued from stock payable on extinguishment of debt	—	245,044	—	—	—
Shares issued from stock payable for services	—	113,500	192,000	—	—
Common stock issued from stock payable on convertible note	—	344,196	—	—	—
Investment in GBB asset	—	175,000	—	—	—
Common stock issued for note conversion	—	2	—	—	—

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