Fabric.AI, Inc.
Business
StableX Technologies, Inc. (formerly AYRO, Inc.) transitioned in July 2025 from electric-vehicle manufacturing to digital-asset treasury management focused on cryptocurrency tokens. The company acquires and holds tokens representing blockchain infrastructure, oracles, exchanges, and lending protocols that support the stablecoin ecosystem, employing a dollar-cost averaging strategy across six to ten diversified token positions. It targets tokens such as FLUID, INJ, LINK, and AAVE that provide foundational services to stablecoin operations rather than stablecoins themselves. The company operates as a single segment and generates returns through capital appreciation and ecosystem growth.
Summary from 10-K filed 2026-03-30
Financials
Consolidated Statement of Income
| Concept | Trend | 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 |
|---|---|---|---|---|---|---|
| Revenue | — | 63,777 | 498,917 | 3 | 3 | |
| Cost of goods sold | 956,160 | 7 | 5 | 6 | 5 | |
| Gross loss | −956,160 | −7 | −5 | −3 | −2 | |
| Research and development | 1 | 1 | 7 | 7 | 11 | |
| Sales and marketing | — | 990,471 | 2 | 2 | 2 | |
| General and administrative | 8 | 9 | 14 | 12 | 17 | |
| Loss on impairment of long-lived assets | — | 2 | — | — | — | |
| Total operating expenses | 9 | 13 | 24 | 20 | 31 | |
| Loss from operations | −10 | −19 | −28 | −23 | −33 | |
| Interest income | 126,620 | 484,325 | 441,443 | 182,276 | — | |
| Change in fair value - warrant liability | −12 | 11 | −3 | — | — | |
| Change in fair value - derivative liability | 3 | 7 | −4 | — | — | |
| Unrealized loss on digital assets | −2 | — | — | — | — | |
| Unrealized gain (loss) on marketable securities | −91,936 | −98,315 | 215,900 | −1,713 | — | |
| Realized gain on marketable securities | 409,818 | 1 | 941,950 | 160,990 | — | |
| Legal settlement | — | −1 | — | — | — | |
| Vendor settlement | — | −647,833 | — | — | — | |
| Consent and waiver fee - Series H-7 | −350,000 | — | — | — | — | |
| Other income (expense), net | 196,353 | −39,294 | — | — | — | |
| Total other income (expense), net | −11 | 18 | −6 | 341,553 | 49,456 | |
| Net income (loss) prior to provision for income taxes | −21 | −2 | −34 | −23 | −33 | |
| Provision for income taxes | — | — | — | — | — | |
| Net income (loss) | −21 | −2 | −34 | −23 | −33 | |
| Dividends earned on Series H-7 convertible preferred stock | −2 | −2 | −697,991 | — | — | |
| Accretion of discounts to redemption value of Series H-7 convertible preferred stock | −5 | −8 | — | — | — | |
| Net loss attributable to common stockholders | −28 | −12 | −39 | −23 | −33 | |
| Net loss per share basic | −32.24 | −32.25 | −8.19 | −4.95 | −0.94 | |
| Net loss per share diluted | −32.24 | −32.25 | −8.19 | −4.95 | — | |
| Basic weighted average Common Stock outstanding | 875,190 | 385,652 | 5 | 5 | — | |
| Diluted weighted average Common Stock outstanding | 875,190 | 385,652 | 5 | 5 | — |
Consolidated Balance Sheet
| Concept | Trend | 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 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 5 | 16 | 33 | 39 | 69 | |
| Restricted cash | 110,264 | 164,682 | 10 | — | — | |
| Marketable securities | 3 | 4 | — | 10 | — | |
| Prepaid expenses and other current assets | 951,175 | 972,245 | 2 | 1 | 2 | |
| Total current assets | 9 | 21 | 49 | 52 | 76 | |
| Operating lease right-of-use asset | 227,171 | 429,819 | 671,451 | 819,401 | 1 | |
| Digital assets | 2 | — | — | — | — | |
| Deposits and other assets | 20,883 | 46,665 | 95,532 | 73,683 | 129,610 | |
| Total assets | 11 | 22 | 53 | 55 | 78 | |
| Accounts payable | 916,685 | 2 | 2 | 1 | 647,050 | |
| Accrued expenses and other current liabilities | 476,592 | 793,819 | 2 | 964,937 | 3 | |
| Accrued preferred stock redemption payable (H-7) | — | 1 | — | — | — | |
| Current portion lease obligation operating lease | 250,517 | 219,085 | 196,682 | 165,767 | 206,426 | |
| Total current liabilities | 2 | 4 | 4 | 2 | 4 | |
| Derivative liability | 19,000 | 3 | 9 | — | — | |
| Warrant liability | — | 2 | 13 | — | — | |
| Lease obligation - operating lease, net of current portion | 33,225 | 283,742 | 502,831 | 693,776 | 859,543 | |
| Total liabilities | 2 | 9 | 28 | 3 | 5 | |
| Preferred Stock, value | — | — | — | — | — | |
| Common Stock, ($0.0001 par value; authorized 1,200,000,000 and 200,000,000 shares as of December 31, 2025, and December 31, 2024, respectively; issued and outstanding 1,455,975 and 533,842 shares as of December 31, 2025, and December 31, 2024, respectively) | 146 | 53 | 492 | 466 | 3,687 | |
| Additional paid-in capital | 142 | 122 | 129 | 133 | 132 | |
| Accumulated deficit | −138 | −117 | −115 | −81 | −58 | |
| Total stockholders equity | 4 | 5 | 14 | 52 | 73 | |
| Total liabilities, mezzanine equity and stockholders equity | 11 | 22 | 53 | 55 | 78 |
Consolidated Statement of Cash Flows
| Concept | Trend | 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 | 25,282 | 2 | 1 | 762,206 | 527,584 | |
| Loss on disposal of fixed asset | — | 359,965 | — | — | — | |
| Stock-based compensation | 2 | 713,749 | 918,058 | 1 | 8 | |
| Shares issued for services | — | 126,000 | — | — | — | |
| Series H-7 preferred stock waiver | 350,000 | — | — | — | — | |
| Series I financing costs | 754,815 | — | — | — | — | |
| Amortization of right-of-use asset | 202,648 | 197,457 | 147,950 | 193,483 | 206,375 | |
| Bad debt expense | — | 189,092 | 344,492 | 4,485 | 99,309 | |
| Impairment of inventory | — | 5 | 3 | — | — | |
| Impairment of prepaid inventory | — | 731,129 | — | — | — | |
| Vendor settlements | — | 547,847 | — | — | — | |
| Accounts receivable | — | 29,908 | −53,421 | 454,873 | −302,887 | |
| Inventory | — | −2 | −6 | 830,845 | −3 | |
| Prepaid expenses and other current assets | 1 | −76,484 | −408,937 | −581,846 | −667,416 | |
| Deposits and other assets | 500 | 22,491 | 500 | 18,797 | −18,797 | |
| Accounts payable | −946,359 | −618,362 | 1 | 445,165 | −120,155 | |
| Accrued expenses and other current liabilities | −317,227 | −1 | 724,246 | −1 | 2 | |
| Lease obligations - operating leases | −219,085 | −196,686 | −160,030 | −206,426 | −180,404 | |
| Net cash used in operating activities | −8 | −13 | −26 | −19 | −27 | |
| Purchase of property and equipment | — | −199,323 | −2 | −2 | −538,012 | |
| Proceeds from sale of marketable securities, net | 33 | 66 | 11 | — | — | |
| Purchase of digital assets | −4 | — | — | — | — | |
| Purchase of marketable securities | −32 | −69 | — | −10 | — | |
| Net cash used in investing activities | −3 | −3 | 9 | −11 | −600,363 | |
| Proceeds from sale of preferred stock (I), net of transaction costs | 6 | — | — | — | — | |
| Proceeds from exercise of Series H-7 Preferred warrants | 1 | — | — | — | — | |
| Payment of preferred stock redemption (Series H-7) | −8 | −10 | — | — | — | |
| Payment of shares buyback | — | −376,630 | — | — | — | |
| Repurchase of cash-settled restricted stock | — | −285,250 | — | — | — | |
| Net cash used in financing activities | −551,875 | −11 | 22 | — | 60 | |
| Net change in cash, cash equivalents and restricted cash | −11 | −27 | 4 | −30 | 33 | |
| Fixed asset additions included in accounts payable and accrued expenses | — | 57,791 | 32,642 | — | — | |
| Accrual of Series H-7 convertible preferred stock dividends | 2 | 2 | — | — | — | |
| Deemed dividend Series H-7 warrants | 662,551 | 564,886 | — | — | — | |
| Accretion of discounts to redemption value of H-7 convertible preferred stock | 9 | 8 | — | — | — | |
| Accretion of discounts to redemption value of I convertible preferred stock | 2 | — | — | — | — | |
| Accrued Series H-7 preferred stock redemption payable | 11 | 1 | — | — | — | |
| Accrual of Series I Convertible Preferred Stock Dividends | 140,972 | — | — | — | — | |
| Non-cash redemption of Series H-7 preferred stock | 5 | 3 | — | — | — | |
| Reclassification of warrant liability to equity (H-7) | 14 | — | — | — | — | |
| Reclassification of warrant liability to equity (I) | 4 | — | — | — | — | |
| Accrued waiver fee related to Series H-7 preferred stock | 350,000 | — | — | — | — | |
| Prepaid insurance financed through accrued expenses | 110,208 | 286,955 | — | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Fabric.AI, Inc.'s CIK number?
Fabric.AI, Inc.'s SEC CIK number is 0001086745 (1086745). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Fabric.AI, Inc.'s SEC filings?
All of Fabric.AI, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Fabric.AI, Inc. last report earnings?
Fabric.AI, Inc. (FABC) most recently filed an earnings 8-K with the SEC on Nov 20, 2023, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001493152-23-042158). This is Fabric.AI, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Fabric.AI, Inc.'s most recent earnings 8-K?
Fabric.AI, Inc.'s latest earnings 8-K (Item 2.02) was filed Nov 20, 2023 under accession 0001493152-23-042158. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Fabric.AI, Inc.'s latest earnings 8-K →
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