T
Tron Inc.
Period
FY 2025
Revenue
$4.74M
Net Income
—
Total Assets
$211.43M
Equity
$210.32M
Shares Out
474.38M
Op. Cash Flow
$-1.44M
Business
Tron Inc. is a publicly traded company pursuing a dual-business strategy: accumulating and staking TRON (TRX) blockchain tokens as its primary treasury asset, and designing, developing, and manufacturing licensed consumer products (toys, figures, plush, apparel, homewares) for major theme parks and entertainment venues including Walt Disney Parks, Universal Studios, and Six Flags. The company operates through toy-and-souvenir and cryptocurrency-treasury segments, with products distributed globally and treasury holdings managed in Hong Kong. The company has adopted a long-term buy-and-hold TRX strategy combined with staking rewards through DeFi protocols.
Summary from 10-K filed 2026-03-25
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 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Sales | 5 | 4 | 6 | 6 | |
| Cost of Sales | −4 | −3 | 4 | 5 | |
| Gross profit | 1 | 855,231 | 1 | 1 | |
| General and administrative expenses | 4 | 5 | 3 | 872,914 | |
| Total operating expenses | 4 | 5 | — | — | |
| Operating loss | −3 | −4 | −2 | 357,985 | |
| Unrealized (loss) on digital asset investment | −15 | — | — | — | |
| Unrealized Income from digital assets | 5 | — | — | — | |
| Realized loss on digital assets | −2 | — | — | — | |
| Impairment of Intangible assets | −3 | — | — | — | |
| Interest income | 165,518 | 27,621 | 38,920 | — | |
| Interest expense | −30,106 | −32,169 | −55,847 | — | |
| Total other income (expense) | −14 | −4,548 | −16,927 | −29,284 | |
| Income (loss) | −17 | −4 | — | — | |
| Basic (per share) | −0.16 | −0.37 | −0.27 | 0.05 | |
| Fully diluted (per share) | −0.16 | −0.37 | −0.27 | 0.05 | |
| Basic (shares) | 103 | 12 | 8 | 7 | |
| Fully diluted (shares) | 103 | 12 | 8 | 7 |
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 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash | 10 | 1 | 3 | 453,516 | — | |
| Account receivable | 671,779 | 794,158 | 707,035 | 621,090 | — | |
| Inventory | 704,171 | 783,800 | 307,005 | 290,200 | — | |
| Prepaid expenses and deposits | 511,615 | 488,746 | 468,687 | 629,897 | — | |
| Other current assets | 67,340 | 43,380 | 34,144 | 75,528 | — | |
| Total current assets | 12 | 3 | 4 | 2 | — | |
| Intangible assets (net of amortization) | — | 3 | — | — | — | |
| Investment in Gameverse Interactive Corp | 190,500 | — | — | — | — | |
| Investment in digital assets held in Treasury Wallet set up by an Affiliate | 198 | — | — | — | — | |
| Right of Use asset (ROU) | 682,286 | — | — | — | — | |
| Fixed assets, net of depreciation | 71,877 | 48,279 | 45,462 | 9,333 | — | |
| Total assets | 211 | 6 | 5 | 2 | — | |
| Accounts Payable | 142,866 | 263,993 | 126,451 | 378,804 | — | |
| Accrued and other liabilities | 289,676 | 252,359 | 292,425 | 220,681 | — | |
| Current portion of ROU liability | 220,206 | — | — | — | — | |
| Secured loan from Related Party | — | 500,000 | — | — | — | |
| Total Current Liabilities | 652,748 | 1 | — | — | — | |
| ROU liability | 464,100 | — | — | — | — | |
| Total Liabilities | 1 | 1 | 418,876 | 2 | — | |
| Common stock, $0.0001 par value, 1,000,000,000 shares authorized 261,314,913 and 15,956,477 issues and outstanding at December 31, 2025 and 2024, respectively | 26,132 | 1,596 | 977 | 650 | — | |
| Additional paid-in capital | 232 | 10 | 5 | −699,207 | — | |
| Accumulated earnings (deficit) | −23 | −6 | −1 | 695,963 | — | |
| Common Stock Payable | 18 | 790,998 | 676,000 | — | — | |
| Subscription Receivable | −18 | — | — | — | — | |
| Total Shareholders Equity (Deficit) | 210 | 5 | 4 | −2,594 | −331,295 | |
| Total Liabilities and Shareholders Equity | 211 | 6 | 5 | 2 | — |
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 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Unrealized income from staking activities | −5 | — | — | — | |
| Realized loss on digital assets | 2 | — | — | — | |
| Stock based compensation | 28,145 | 1 | 1 | — | |
| Fair value of Officer, Director and Employee options | 460,821 | 584,593 | 73,702 | — | |
| Depreciation and amortization | 336,542 | 116,880 | 6,651 | — | |
| Accounts receivable | 122,379 | −87,123 | −85,945 | 40,374 | |
| Inventory | 79,629 | −476,795 | −16,805 | −290,200 | |
| Prepaid expenses | −22,869 | −20,059 | 161,210 | −23,039 | |
| Accounts payable | −121,127 | 137,542 | −252,353 | −154,094 | |
| Accrued expenses | 79,194 | −40,066 | 78,037 | 100,232 | |
| Other assets | −23,960 | −9,236 | 33,685 | −40,525 | |
| Net cash provided by (used in) operating activities | −1 | −3 | −766,877 | −29,925 | |
| Cash paid for fixed assets | −68,820 | −23,264 | −42,780 | −4,285 | |
| Cash paid for Intangible Assets to Related Party | — | −250,000 | — | — | |
| Cash flows (used in) investing activities | −68,820 | −273,264 | −392,956 | −4,285 | |
| Net cash received from Private placement | 5 | — | — | — | |
| Payment on promissory note | −500,000 | −1 | −1 | — | |
| Expenses related to sale of preferred stock | −325,000 | — | — | — | |
| Exercise of warrants for cash | 6 | — | — | — | |
| Exercise of pre-funded warrants | 71 | — | — | — | |
| Exercise of stock options for cash | 696,007 | — | — | — | |
| Ner cash received from S-3 offering | — | 3 | — | — | |
| Cash (used in) financing activities | 11 | 2 | 4 | −27,647 | |
| Net increase (decrease) in cash and cash equivalents | 9 | −2 | 3 | −61,857 | |
| Cash paid for interest | — | — | 55,847 | 30,052 | |
| Cash paid for income taxes | — | — | — | — | |
| Stock issued for Gameverse shares | 190,500 | — | — | — | |
| Stock issued from Stock Payable prefunded warrants | 452,748 | — | — | — | |
| Waiver of accrued interest on related party note | 41,877 | — | — | — | |
| Stock issued from Stock Payable | 16,250 | — | — | — | |
| Cashless exercise of warrants | 16 | — | — | — | |
| Fair value of preferred shares issued for digital assets | 100 | — | — | — | |
| Warrant exercised for Common Stock using token | 110 | — | — | — | |
| Promissory Note issued for intangible asset | — | 2 | — | — | |
| Series A Preferred Stock conversion to common stock | 952 | — | — | — | |
| Establish Right of Use asset and liability | 753,564 | — | — | — | |
| Common stock issued for intangible assets | — | 1 | — | — | |
| Black Anthem subscription for common stock | 18 | — | — | — | |
| Advisory warrants exercised for Common Stock cashless | 366 | — | — | — |
Filings
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Frequently asked questions
What is Tron Inc.'s CIK number?
Tron Inc.'s SEC CIK number is 0001956744 (1956744). 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 Tron Inc.'s SEC filings?
All of Tron 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.