N
Nakamoto Inc.
NAKACIK 0001946573NasdaqEmerging GrowthFinance ServicesDelawareFY ends Dec 31
Period
FY 2025
Revenue
$1.82M
Net Income
$-52.23M
Total Assets
$730.61M
Equity
$514.26M
Shares Out
690.02M
Op. Cash Flow
$-23.51M
Business
Kindly MD, Inc. is a patient-first healthcare and healthcare data company that delivers integrated, value-based medical and behavioral health services to reduce opioid use and improve patient outcomes. The company offers specialty outpatient clinical services including pain management, functional medicine, cognitive behavioral therapy, addiction and recovery support, telemedicine, and retail hemp-derived products. Its key business components are patient care services, service affiliate agreements with clinics and institutions, an Enterprise Data Management (EDM) platform for research and analytics, and retail sales. KindlyMD operates solely in Utah through in-person clinics and telehealth, reimbursed by Medicare, Medicaid, and commercial insurers and distributed via clinic partnerships and direct patient services.
Summary from filing dated 2025-03-28
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Revenue | 2 | 3 | 4 | |
| Compensation | 11 | 4 | — | |
| General and administrative | 12 | 2 | 1 | |
| Depreciation | 82,895 | 136,606 | 105,637 | |
| Other operating expenses | 17,582 | 460,545 | — | |
| Loss on change in fair value of digital assets | 166 | — | — | |
| Loss on investments | 10 | — | — | |
| Total operating expenses | 199 | 6 | 5 | |
| Operating loss | −197 | −3 | −2 | |
| Other income, net | 73,342 | 161,461 | 58,603 | |
| Interest expense | −7 | −393,448 | −55,844 | |
| Change in fair value of call option - related party | 226 | — | — | |
| Debt restructuring costs | −15 | −38,889 | — | |
| Loss on acquisition of Nakamoto Holdings | −60 | — | — | |
| Total non-operating income (expense) | 145 | −270,876 | 2,759 | |
| Net loss before provision for income taxes | −52 | −4 | −2 | |
| Provision for income taxes | — | — | — | |
| Net loss | −52 | −4 | −2 | |
| Net loss per common stock - basic | −0.26 | −0.67 | −0.36 | |
| Net loss per common stock - diluted | −0.26 | −0.67 | −0.36 | |
| Weighted average shares outstanding - basic | 200 | 5 | 5 | |
| Weighted average shares outstanding - diluted | 200 | 5 | 5 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | 23 | 2 | 525,500 | — | |
| Prepaid expenses and other current assets | 2 | 232,028 | 225 | — | |
| Call option asset - related party | 199 | — | — | — | |
| Total Current Assets | 224 | 3 | 616,928 | — | |
| Digital assets | 468 | — | — | — | |
| Investments | 36 | — | — | — | |
| Intangible assets | 3 | — | — | — | |
| Other non-current assets | 534,299 | 1 | — | — | |
| Total Assets | 731 | 4 | 1 | — | |
| Accounts payable and accrued expenses | 6 | 323,725 | 329,810 | — | |
| Notes payable, net | 210 | 139,277 | 148,517 | — | |
| Other current liabilities | 568,207 | 143,048 | — | — | |
| Total Current Liabilities | 216 | 606,050 | 814,448 | — | |
| Other non-current liabilities | 365,966 | 503,632 | — | — | |
| Total Liabilities | 216 | 1 | 1 | — | |
| Commitments and Contingencies | — | — | — | — | |
| Preferred Stock, $0.001 par value per share; authorized - 10,000,000 shares; none issued and outstanding as of December 31, 2025 and December 31, 2024, respectively. | — | — | — | — | |
| Common stock, $0.001 par value, 10 billion shares authorized; 439,950,632 shares issued and 437,946,327 outstanding as of December 31, 2025 and 6,050,148 shares issued and 6,029,648 outstanding as of December 31, 2024 | 439,950 | 6,050 | 4,618 | — | |
| Treasury stock at cost, 2,004,305 and 20,500 shares as of December 31, 2025 and December 31, 2024, respectively | −749,003 | −22,145 | — | — | |
| Additional paid-in capital | 575 | 10 | 4 | — | |
| Accumulated deficit | −60 | −8 | −4 | — | |
| Total Stockholders Equity | 514 | 3 | −108,412 | 381,014 | |
| Total Liabilities and Stockholders Equity | 731 | 4 | 1 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Stock-based compensation | 2 | 240,915 | 7,050 | |
| Bad debt expense | 20,848 | 32,110 | — | |
| Interest paid in digital assets | 3 | — | — | |
| Amortization of debt discounts | 3 | 374,528 | 20,352 | |
| Change in fair value of digital assets | 166 | — | — | |
| Amortization of right-of-use assets | 159,098 | 83,725 | 97,586 | |
| Other | 199,461 | −61,051 | — | |
| Prepaid expenses and other current assets | −2 | −172,710 | 60,733 | |
| Security deposits | 1,275 | −8,120 | 3,229 | |
| Accounts payable and accrued expenses | −2 | −6,085 | 163,552 | |
| Non-current liabilities | −138,744 | −115,051 | — | |
| Net cash used in operating activities | −24 | −3 | −449,489 | |
| Purchases of property and equipment | — | −13,293 | −14,420 | |
| Proceeds from sale of digital assets | 41 | — | — | |
| Proceeds from investments | 5 | — | — | |
| Capitalized software | −234,383 | −388,338 | — | |
| Purchase of digital assets | −696 | — | — | |
| Investments in unconsolidated affiliates | −30 | — | — | |
| Cash acquired in acquisition of Nakamoto Holdings | 188,569 | — | — | |
| Net cash used in investing activities | −680 | −401,631 | −14,420 | |
| Net proceeds from issuance of convertible notes payable | 192 | — | 250,373 | |
| Net proceeds from issuance of common shares and warrants in connection with a public offering | — | 6 | — | |
| Net proceeds from issuance of notes payable | — | 45,000 | 614,300 | |
| Proceeds from loan payable | 203 | — | — | |
| Proceeds from issuance of common stock related to PIPE Financings | 518 | — | — | |
| Proceeds from issuance of common stock issued for At-The-Market offering | 6 | — | — | |
| Proceeds from issuance of common stock related to exercise of warrants | 9 | — | — | |
| Repurchase of treasury stock | −320,404 | −22,145 | — | |
| Repayments of notes payable | −648,828 | −658,528 | −2,637 | |
| Repayments of convertible notes payable | −203 | — | — | |
| Repayments of finance lease liabilities | −9,645 | −1,331 | — | |
| Net cash provided by financing activities | 724 | 5 | 802,491 | |
| Net change in cash and cash equivalents | 20 | 2 | 338,582 | |
| Interest | — | 19,227 | 34,617 | |
| Income taxes | — | — | — | |
| Debt discounts on notes payable | 13 | 10,556 | 101,248 | |
| Recognition of contingent financial asset related to call option | 27 | — | — | |
| Issuance of common stock for Convert Fee Shares | 3 | — | — | |
| Issuance of common stock for Nakamoto Holdings acquisition | 25 | — | — | |
| Issuance of digital assets and common stock for intangible asset acquisition | 3 | — | — | |
| Issuance of common stock for cashless exercise of warrants | 62,150 | — | — | |
| Proceeds from notes payable in USDT | 414 | — | — | |
| Payments of notes payable in USDT | 414 | — | — | |
| Issuance of Bitcoin for Investment | 6 | — | — | |
| Issuance of USDC for investment in unconsolidated affiliate | 15 | — | — | |
| Repurchase of treasury stock | 438,156 | — | — | |
| Fair value of derivative liability recognized upon issuance of notes payable | — | 38,000 | 238,000 | |
| Extinguishment of derivative liability upon settlement of notes payable | — | 214,949 | — | |
| Financed purchases of property and equipment | — | 10,976 | — | |
| Operating lease right-of-use asset and liability measurement | — | 489,670 | — |
Filings
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