Chaince Digital Holdings Inc.（前稱 Mercurity Fintech Holding Inc.）10-Q 申報摘要

false
 --12-31
 Q1
 0001527762
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 0001527762
 
 
 2026-01-01
 2026-03-31
 
 
 
 
 0001527762
 
 
 2026-05-11
 
 
 
 
 0001527762
 
 
 2026-03-31
 
 
 
 
 0001527762
 
 
 2025-12-31
 
 
 
 
 0001527762
 
 
 2025-01-01
 2025-03-31
 
 
 
 
 0001527762
 
 CD:FinancialServicesAndAdvisoryBusinessesMember
 
 
 
 2026-01-01
 2026-03-31
 
 
 
 
 0001527762
 
 CD:FinancialServicesAndAdvisoryBusinessesMember
 
 
 
 2025-01-01
 2025-03-31
 
 
 
 
 0001527762
 
 us-gaap:CommonStockMember
 
 
 
 2025-12-31
 
 
 
 
 0001527762
 
 us-gaap:AdditionalPaidInCapitalMember
 
 
 
 2025-12-31
 
 
 
 
 0001527762
 
 us-gaap:RetainedEarningsMember
 
 
 
 2025-12-31
 
 
 
 
 0001527762
 
 us-gaap:AccumulatedOtherComprehensiveIncomeMember
 
 
 
 2025-12-31
 
 
 
 
 0001527762
 
 CD:SubscriptionReceivablesMember
 
 
 
 2025-12-31
 
 
 
 
 0001527762
 
 us-gaap:ParentMember
 
 
 
 2025-12-31
 
 
 
 
 0001527762
 
 us-gaap:CommonStockMember
 
 
 
 2024-12-31
 
 
 
 
 0001527762
 
 us-gaap:AdditionalPaidInCapitalMember
 
 
 
 2024-12-31
 
 
 
 
 0001527762
 
 us-gaap:RetainedEarningsMember
 
 
 
 2024-12-31
 
 
 
 
 0001527762
 
 us-gaap:AccumulatedOtherComprehensiveIncomeMember
 
 
 
 2024-12-31
 
 
 
 
 0001527762
 
 us-gaap:ParentMember
 
 
 
 2024-12-31
 
 
 
 
 0001527762
 
 
 2024-12-31
 
 
 
 
 0001527762
 
 us-gaap:CommonStockMember
 
 
 
 2026-01-01
 2026-03-31
 
 
 
 
 0001527762
 
 us-gaap:AdditionalPaidInCapitalMember
 
 
 
 2026-01-01
 2026-03-31
 
 
 
 
 0001527762
 
 us-gaap:RetainedEarningsMember
 
 
 
 2026-01-01
 2026-03-31
 
 
 
 
 0001527762
 
 us-gaap:AccumulatedOtherComprehensiveIncomeMember
 
 
 
 2026-01-01
 2026-03-31
 
 
 
 
 0001527762
 
 CD:SubscriptionReceivablesMember
 
 
 
 2026-01-01
 2026-03-31
 
 
 
 
 0001527762
 
 us-gaap:ParentMember
 
 
 
 2026-01-01
 2026-03-31
 
 
 
 
 0001527762
 
 us-gaap:CommonStockMember
 
 
 
 2025-01-01
 2025-03-31
 
 
 
 
 0001527762
 
 us-gaap:AdditionalPaidInCapitalMember
 
 
 
 2025-01-01
 2025-03-31
 
 
 
 
 0001527762
 
 us-gaap:RetainedEarningsMember
 
 
 
 2025-01-01
 2025-03-31
 
 
 
 
 0001527762
 
 us-gaap:AccumulatedOtherComprehensiveIncomeMember
 
 
 
 2025-01-01
 2025-03-31
 
 
 
 
 0001527762
 
 us-gaap:ParentMember
 
 
 
 2025-01-01
 2025-03-31
 
 
 
 
 0001527762
 
 us-gaap:CommonStockMember
 
 
 
 2026-03-31
 
 
 
 
 0001527762
 
 us-gaap:AdditionalPaidInCapitalMember
 
 
 
 2026-03-31
 
 
 
 
 0001527762
 
 us-gaap:RetainedEarningsMember
 
 
 
 2026-03-31
 
 
 
 
 0001527762
 
 us-gaap:AccumulatedOtherComprehensiveIncomeMember
 
 
 
 2026-03-31
 
 
 
 
 0001527762
 
 CD:SubscriptionReceivablesMember
 
 
 
 2026-03-31
 
 
 
 
 0001527762
 
 us-gaap:ParentMember
 
 
 
 2026-03-31
 
 
 
 
 0001527762
 
 us-gaap:CommonStockMember
 
 
 
 2025-03-31
 
 
 
 
 0001527762
 
 us-gaap:AdditionalPaidInCapitalMember
 
 
 
 2025-03-31
 
 
 
 
 0001527762
 
 us-gaap:RetainedEarningsMember
 
 
 
 2025-03-31
 
 
 
 
 0001527762
 
 us-gaap:AccumulatedOtherComprehensiveIncomeMember
 
 
 
 2025-03-31
 
 
 
 
 0001527762
 
 us-gaap:ParentMember
 
 
 
 2025-03-31
 
 
 
 
 0001527762
 
 
 2025-03-31
 
 
 
 
 0001527762
 
 CD:ChainceSecuritiesIncMember
 
 
 
 2026-01-01
 2026-03-31
 
 
 
 
 0001527762
 
 CD:ChainceSecuritiesLLCMember
 
 
 
 2026-01-01
 2026-03-31
 
 
 
 
 0001527762
 
 CD:UconCapitalHKLimitedMember
 
 
 
 2026-01-01
 2026-03-31
 
 
 
 
 0001527762
 
 CD:ChainceShenzhenConsultingCoLtdMember
 
 
 
 2026-01-01
 2026-03-31
 
 
 
 
 0001527762
 
 CD:MercurityFintechTechnologyHoldingIncMember
 
 
 
 2026-01-01
 2026-03-31
 
 
 
 
 0001527762
 
 CD:AifinityBaseLimitedMember
 
 
 
 2026-01-01
 2026-03-31
 
 
 
 
 0001527762
 
 CD:PurchaseAndSaleAgreementMember
 
 
 
 2023-05-01
 2023-05-01
 
 
 
 
 0001527762
 
 us-gaap:MachineryAndEquipmentMember
 
 
 
 2026-03-31
 
 
 
 
 0001527762
 
 CD:ElectronicsAndOfficeEquipmentMember
 
 
 
 2026-03-31
 
 
 
 
 0001527762
 
 us-gaap:CustomerConcentrationRiskMember
 us-gaap:SalesRevenueNetMember
 CD:CustomerAMember
 
 
 
 2026-01-01
 2026-03-31
 
 
 
 
 0001527762
 
 us-gaap:CustomerConcentrationRiskMember
 us-gaap:SalesRevenueNetMember
 CD:CustomerAMember
 
 
 
 2025-01-01
 2025-03-31
 
 
 
 
 0001527762
 
 us-gaap:CustomerConcentrationRiskMember
 us-gaap:SalesRevenueNetMember
 CD:CustomerBMember
 
 
 
 2026-01-01
 2026-03-31
 
 
 
 
 0001527762
 
 us-gaap:CustomerConcentrationRiskMember
 us-gaap:SalesRevenueNetMember
 CD:CustomerBMember
 
 
 
 2025-01-01
 2025-03-31
 
 
 
 
 0001527762
 
 us-gaap:CustomerConcentrationRiskMember
 us-gaap:SalesRevenueNetMember
 CD:CustomerCMember
 
 
 
 2026-01-01
 2026-03-31
 
 
 
 
 0001527762
 
 us-gaap:CustomerConcentrationRiskMember
 us-gaap:SalesRevenueNetMember
 CD:CustomerCMember
 
 
 
 2025-01-01
 2025-03-31
 
 
 
 
 0001527762
 
 us-gaap:CustomerConcentrationRiskMember
 us-gaap:SalesRevenueNetMember
 CD:CustomerDMember
 
 
 
 2026-01-01
 2026-03-31
 
 
 
 
 0001527762
 
 us-gaap:CustomerConcentrationRiskMember
 us-gaap:SalesRevenueNetMember
 CD:CustomerDMember
 
 
 
 2025-01-01
 2025-03-31
 
 
 
 
 0001527762
 
 us-gaap:ServiceMember
 
 
 
 2026-01-01
 2026-03-31
 
 
 
 
 0001527762
 
 us-gaap:SupplierConcentrationRiskMember
 us-gaap:SalesRevenueNetMember
 CD:VendorMember
 
 
 
 2026-01-01
 2026-03-31
 
 
 
 
 0001527762
 
 us-gaap:SupplierConcentrationRiskMember
 us-gaap:AccountsPayableMember
 CD:SupplierAMember
 
 
 
 2026-01-01
 2026-03-31
 
 
 
 
 0001527762
 
 us-gaap:SupplierConcentrationRiskMember
 us-gaap:AccountsPayableMember
 CD:SupplierAMember
 
 
 
 2025-01-01
 2025-03-31
 
 
 
 
 0001527762
 
 us-gaap:SupplierConcentrationRiskMember
 us-gaap:AccountsPayableMember
 CD:SupplierBMember
 
 
 
 2026-01-01
 2026-03-31
 
 
 
 
 0001527762
 
 us-gaap:SupplierConcentrationRiskMember
 us-gaap:AccountsPayableMember
 CD:SupplierBMember
 
 
 
 2025-01-01
 2025-03-31
 
 
 
 
 0001527762
 
 CD:HuangtongInternationalCoLtdMember
 
 
 
 2026-03-31
 
 
 
 
 0001527762
 
 CD:HDPCapitalManagementLimitedMember
 
 
 
 2026-01-01
 2026-03-31
 
 
 
 
 0001527762
 
 CD:OriginStoragePteLtdMember
 
 
 
 2026-01-01
 2026-03-31
 
 
 
 
 0001527762
 
 CD:HuangtongInternationalCoLtdMember
 
 
 
 2025-12-31
 
 
 
 
 0001527762
 
 
 2025-01-01
 2025-12-31
 
 
 
 
 0001527762
 
 CD:HDPCapitalManagementLimitedMember
 
 
 
 2025-01-01
 2025-12-31
 
 
 
 
 0001527762
 
 CD:OriginStoragePteLtdMember
 
 
 
 2025-01-01
 2025-12-31
 
 
 
 
 0001527762
 
 CD:FilecoinMiningActivitiesMember
 
 
 
 2026-03-31
 
 
 
 
 0001527762
 
 CD:HDPCapitalManagementLimitedMember
 
 
 
 2026-03-31
 
 
 
 
 0001527762
 
 CD:FilecoinMiningActivitiesMember
 
 
 
 2025-12-31
 
 
 
 
 0001527762
 
 CD:HDPCapitalManagementLimitedMember
 
 
 
 2025-12-31
 
 
 
 
 0001527762
 
 us-gaap:CashEquivalentsMember
 
 
 
 2026-03-31
 
 
 
 
 0001527762
 
 us-gaap:DemandDepositsMember
 
 
 
 2026-03-31
 
 
 
 
 0001527762
 
 us-gaap:CashMember
 
 
 
 2026-03-31
 
 
 
 
 0001527762
 
 us-gaap:CashEquivalentsMember
 
 
 
 2025-12-31
 
 
 
 
 0001527762
 
 us-gaap:DemandDepositsMember
 
 
 
 2025-12-31
 
 
 
 
 0001527762
 
 us-gaap:CashMember
 
 
 
 2025-12-31
 
 
 
 
 0001527762
 
 us-gaap:USTreasurySecuritiesMember
 
 
 
 2026-03-31
 
 
 
 
 0001527762
 
 us-gaap:USTreasurySecuritiesMember
 
 
 
 2025-12-31
 
 
 
 
 0001527762
 
 CD:SixMonthCertificateOfDepositsMember
 
 
 
 2026-03-31
 
 
 
 
 0001527762
 
 CD:SixMonthCertificateOfDepositsMember
 
 
 
 2025-12-31
 
 
 
 
 0001527762
 
 us-gaap:ExchangeTradedFundsMember
 
 
 
 2026-03-31
 
 
 
 
 0001527762
 
 us-gaap:ExchangeTradedFundsMember
 
 
 
 2025-12-31
 
 
 
 
 0001527762
 
 us-gaap:CommonStockMember
 
 
 
 2026-03-31
 
 
 
 
 0001527762
 
 us-gaap:CommonStockMember
 
 
 
 2025-12-31
 
 
 
 
 0001527762
 
 CD:UsdCoinUSDCMember
 
 
 
 2026-03-31
 
 
 
 
 0001527762
 
 CD:UsdCoinUSDCMember
 
 
 
 2025-12-31
 
 
 
 
 0001527762
 
 CD:StablecoinsMember
 
 
 
 2026-01-01
 2026-03-31
 
 
 
 
 0001527762
 
 CD:StablecoinsMember
 
 
 
 2026-03-31
 
 
 
 
 0001527762
 
 CD:StablecoinsMember
 
 
 
 2025-12-31
 
 
 
 
 0001527762
 
 CD:FilecoinMember
 
 
 
 2026-03-31
 
 
 
 
 0001527762
 
 CD:FilecoinMember
 
 
 
 2025-12-31
 
 
 
 
 0001527762
 
 CD:BitcoinsMember
 
 
 
 2026-03-31
 
 
 
 
 0001527762
 
 CD:BitcoinsMember
 
 
 
 2025-12-31
 
 
 
 
 0001527762
 
 CD:SolanaMember
 
 
 
 2026-03-31
 
 
 
 
 0001527762
 
 CD:SolanaMember
 
 
 
 2025-12-31
 
 
 
 
 0001527762
 
 CD:HonorStarVenturesLimitedMember
 
 
 
 2023-12-12
 
 
 
 
 0001527762
 
 CD:HonorStarVenturesLimitedMember
 
 
 
 2023-12-12
 2023-12-12
 
 
 
 
 0001527762
 
 CD:HonorStarVenturesLimitedMember
 
 
 
 2025-12-14
 
 
 
 
 0001527762
 
 CD:HonorStarVenturesLimitedMember
 
 
 
 2026-03-31
 
 
 
 
 0001527762
 
 CD:GlobalInnovationWisdomConsultantIncMember
 
 
 
 2025-09-16
 
 
 
 
 0001527762
 
 us-gaap:NonrelatedPartyMember
 
 
 
 2026-03-31
 
 
 
 
 0001527762
 
 srt:MinimumMember
 
 
 
 2026-03-31
 
 
 
 
 0001527762
 
 srt:MaximumMember
 
 
 
 2026-03-31
 
 
 
 
 0001527762
 
 us-gaap:LeaseAgreementsMember
 
 
 
 2026-03-31
 
 
 
 
 0001527762
 
 CD:AmericanDepositarySharesMember
 us-gaap:IPOMember
 
 
 
 2015-04-08
 2015-04-08
 
 
 
 
 0001527762
 
 us-gaap:CommonStockMember
 us-gaap:IPOMember
 
 
 
 2015-04-08
 2015-04-08
 
 
 
 
 0001527762
 
 CD:AmericanDepositarySharesMember
 us-gaap:IPOMember
 
 
 
 2015-04-08
 
 
 
 
 0001527762
 
 CD:AmericanDepositarySharesMember
 us-gaap:OverAllotmentOptionMember
 
 
 
 2015-04-27
 2015-04-27
 
 
 
 
 0001527762
 
 us-gaap:CommonStockMember
 us-gaap:OverAllotmentOptionMember
 
 
 
 2015-04-27
 2015-04-27
 
 
 
 
 0001527762
 
 CD:AmericanDepositarySharesMember
 us-gaap:OverAllotmentOptionMember
 
 
 
 2015-04-27
 
 
 
 
 0001527762
 
 us-gaap:CommonStockMember
 
 
 
 2015-04-08
 2015-04-08
 
 
 
 
 0001527762
 
 CD:SeriesA1RedeemableConvertiblePreferredSharesMembeMember
 
 
 
 2015-04-08
 2015-04-08
 
 
 
 
 0001527762
 
 CD:SeriesA2RedeemableConvertiblePreferredSharesMembeMember
 
 
 
 2015-04-08
 2015-04-08
 
 
 
 
 0001527762
 
 us-gaap:SeriesBPreferredStockMember
 
 
 
 2015-04-08
 2015-04-08
 
 
 
 
 0001527762
 
 us-gaap:MajorityShareholderMember
 us-gaap:CommonStockMember
 
 
 
 2015-04-08
 2015-04-08
 
 
 
 
 0001527762
 
 CD:JoinMeGroupHKInvestmentCompanyLimitedMember
 
 
 
 2015-06-08
 2015-06-08
 
 
 
 
 0001527762
 
 CD:JoinMeGroupHKInvestmentCompanyLimitedMember
 us-gaap:MajorityShareholderMember
 us-gaap:CommonStockMember
 
 
 
 2015-06-08
 2015-06-08
 
 
 
 
 0001527762
 
 CD:JoinMeGroupHKInvestmentCompanyLimitedMember
 us-gaap:MajorityShareholderMember
 us-gaap:CommonStockMember
 
 
 
 2015-06-08
 
 
 
 
 0001527762
 
 CD:JoinMeGroupHKInvestmentCompanyLimitedMember
 us-gaap:MajorityShareholderMember
 
 
 
 2015-09-07
 2015-09-07
 
 
 
 
 0001527762
 
 us-gaap:MajorityShareholderMember
 us-gaap:CommonStockMember
 
 
 
 2015-09-07
 2015-09-07
 
 
 
 
 0001527762
 
 CD:EmployeesAndFormerEmployeesMember
 us-gaap:CommonStockMember
 
 
 
 2015-09-27
 2015-09-27
 
 
 
 
 0001527762
 
 CD:EmployeesAndFormerEmployeesMember
 CD:AmericanDepositarySharesMember
 
 
 
 2015-09-27
 2015-09-27
 
 
 
 
 0001527762
 
 us-gaap:CommonStockMember
 CD:UnicornInvestmentLimitedMember
 
 
 
 2019-05-21
 2019-05-21
 
 
 
 
 0001527762
 
 us-gaap:CommonStockMember
 CD:NbpayInvestmentLimitedMember
 
 
 
 2020-05-03
 2020-05-03
 
 
 
 
 0001527762
 
 
 2020-05-20
 2020-05-20
 
 
 
 
 0001527762
 
 CD:EmployeesAndFormerEmployeesMember
 us-gaap:CommonStockMember
 
 
 
 2020-08-13
 2020-08-13
 
 
 
 
 0001527762
 
 CD:EmployeesAndFormerEmployeesMember
 CD:AmericanDepositarySharesMember
 
 
 
 2020-08-13
 2020-08-13
 
 
 
 
 0001527762
 
 us-gaap:CommonStockMember
 CD:JoinMeGroupHKInvestmentCompanyLimitedMember
 
 
 
 2021-01-27
 2021-03-03
 
 
 
 
 0001527762
 
 
 2021-03-01
 2021-03-01
 
 
 
 
 0001527762
 
 CD:AmericanDepositarySharesMember
 
 
 
 2021-03-01
 2021-03-01
 
 
 
 
 0001527762
 
 
 2021-09-08
 2021-09-08
 
 
 
 
 0001527762
 
 CD:BitcionCryptocurrenciesMember
 
 
 
 2021-09-08
 
 
 
 
 0001527762
 
 
 2021-09-08
 
 
 
 
 0001527762
 
 
 2021-09-27
 2021-09-27
 
 
 
 
 0001527762
 
 CD:AmericanDepositarySharesMember
 
 
 
 2021-09-27
 2021-09-27
 
 
 
 
 0001527762
 
 
 2021-10-19
 2021-10-19
 
 
 
 
 0001527762
 
 CD:UsdCoinCryptocurrenciesMember
 
 
 
 2021-10-19
 2021-10-19
 
 
 
 
 0001527762
 
 
 2021-10-19
 
 
 
 
 0001527762
 
 
 2022-11-21
 2022-11-21
 
 
 
 
 0001527762
 
 
 2022-12-20
 2022-12-20
 
 
 
 
 0001527762
 
 
 2022-12-20
 
 
 
 
 0001527762
 
 CD:HuangtongInternationalCo.LtdMember
 
 
 
 2022-12-15
 2022-12-15
 
 
 
 
 0001527762
 
 CD:HuangtongInternationalCo.LtdMember
 
 
 
 2022-12-23
 2022-12-23
 
 
 
 
 0001527762
 
 CD:NonUsAccreditedInvestorMember
 
 
 
 2022-12-23
 
 
 
 
 0001527762
 
 CD:NonUsAccreditedInvestorMember
 
 
 
 2022-12-23
 2022-12-23
 
 
 
 
 0001527762
 
 CD:NonUsAccreditedInvestorMember
 
 
 
 2023-01-10
 2023-01-10
 
 
 
 
 0001527762
 
 
 2022-12-29
 2022-12-29
 
 
 
 
 0001527762
 
 us-gaap:CommonStockMember
 
 
 
 2023-02-27
 
 
 
 
 0001527762
 
 us-gaap:CommonStockMember
 
 
 
 2023-02-28
 
 
 
 
 0001527762
 
 us-gaap:CommonStockMember
 
 
 
 2023-02-28
 2023-02-28
 
 
 
 
 0001527762
 
 us-gaap:CommonStockMember
 
 
 
 2023-09-08
 2023-09-08
 
 
 
 
 0001527762
 
 
 2023-11-30
 2023-11-30
 
 
 
 
 0001527762
 
 
 2023-11-30
 
 
 
 
 0001527762
 
 us-gaap:CommonStockMember
 
 
 
 2023-11-30
 
 
 
 
 0001527762
 
 
 2024-08-31
 
 
 
 
 0001527762
 
 CD:SecuritiesPurchaseAgreementMember
 
 
 
 2024-12-19
 2024-12-19
 
 
 
 
 0001527762
 
 CD:SecuritiesPurchaseAgreementMember
 
 
 
 2024-12-19
 
 
 
 
 0001527762
 
 CD:SecuritiesPurchaseAgreementMember
 
 
 
 2025-01-09
 2025-01-09
 
 
 
 
 0001527762
 
 CD:SecuritiesPurchaseAgreementMember
 
 
 
 2025-01-09
 
 
 
 
 0001527762
 
 CD:SecuritiesPurchaseAgreementMember
 
 
 
 2025-08-14
 2025-08-14
 
 
 
 
 0001527762
 
 CD:SecuritiesPurchaseAgreementMember
 
 
 
 2025-08-14
 
 
 
 
 0001527762
 
 CD:SecuritiesPurchaseAgreementMember
 us-gaap:CommonStockMember
 
 
 
 2025-08-26
 2025-08-26
 
 
 
 
 0001527762
 
 CD:SecuritiesPurchaseAgreementMember
 us-gaap:CommonStockMember
 
 
 
 2025-08-26
 
 
 
 
 0001527762
 
 CD:SecuritiesPurchaseAgreementMember
 us-gaap:CommonStockMember
 
 
 
 2025-09-02
 2025-09-02
 
 
 
 
 0001527762
 
 CD:SecuritiesPurchaseAgreementMember
 us-gaap:CommonStockMember
 
 
 
 2025-11-01
 2025-11-30
 
 
 
 
 0001527762
 
 CD:SecuritiesPurchaseAgreementMember
 us-gaap:CommonStockMember
 
 
 
 2025-11-30
 
 
 
 
 0001527762
 
 CD:SecuritiesPurchaseAgreementMember
 us-gaap:CommonStockMember
 
 
 
 2025-11-30
 2025-11-30
 
 
 
 
 0001527762
 
 CD:SecuritiesPurchaseAgreementMember
 us-gaap:CommonStockMember
 
 
 
 2025-11-14
 2025-11-14
 
 
 
 
 0001527762
 
 CD:SecuritiesPurchaseAgreementMember
 us-gaap:PrivatePlacementMember
 
 
 
 2025-12-15
 2025-12-15
 
 
 
 
 0001527762
 
 CD:SecuritiesPurchaseAgreementMember
 us-gaap:PrivatePlacementMember
 us-gaap:CommonStockMember
 
 
 
 2025-12-05
 2025-12-05
 
 
 
 
 0001527762
 
 us-gaap:CommonStockMember
 CD:ChiefStrategyOfficerMember
 
 
 
 2026-01-01
 2026-03-31
 
 
 
 
 0001527762
 
 CD:NonEmployeeMember
 
 
 
 2025-01-01
 2025-12-31
 
 
 
 
 0001527762
 
 CD:NonEmployeeMember
 
 
 
 2026-01-15
 2026-01-15
 
 
 
 
 0001527762
 
 
 2026-02-25
 2026-02-25
 
 
 
 
 0001527762
 
 CD:SecuritiesPurchaseAgreementMember
 
 
 
 2026-02-25
 
 
 
 
 0001527762
 
 
 2026-02-25
 
 
 
 
 0001527762
 
 CD:NonEmployeeMember
 
 
 
 2026-02-25
 2026-02-25
 
 
 
 
 0001527762
 
 CD:TwoThousandTwentyFiveEquityIncentivePlanMember
 
 
 
 2025-03-18
 2025-03-18
 
 
 
 
 0001527762
 
 CD:TwoThousandTwentyFiveEquityIncentivePlanMember
 us-gaap:RestrictedStockUnitsRSUMember
 
 
 
 2026-01-01
 2026-03-31
 
 
 
 
 0001527762
 
 CD:TwoThousandTwentyFiveEquityIncentivePlanMember
 
 
 
 2026-01-01
 2026-03-31
 
 
 
 
 0001527762
 
 CD:TwoThousandTwentyFiveEquityIncentivePlanMember
 srt:MinimumMember
 
 
 
 2026-01-01
 2026-03-31
 
 
 
 
 0001527762
 
 CD:TwoThousandTwentyFiveEquityIncentivePlanMember
 srt:MaximumMember
 
 
 
 2026-01-01
 2026-03-31
 
 
 
 
 0001527762
 
 CD:TwoThousandTwentyFiveEquityIncentivePlanMember
 
 
 
 2026-03-31
 
 
 
 
 0001527762
 
 CD:NonEmployeeShareBasedCompensationMember
 
 
 
 2025-01-01
 2025-12-31
 
 
 
 
 0001527762
 
 CD:NonEmployeeShareBasedCompensationMember
 
 
 
 2026-01-01
 2026-03-31
 
 
 
 
 0001527762
 
 CD:TwoThousandTwentyFiveEquityIncentivePlanMember
 
 us-gaap:CostOfRevenue
 
 
 
 
 2026-01-01
 2026-03-31
 
 
 
 
 0001527762
 
 CD:TwoThousandTwentyFiveEquityIncentivePlanMember
 
 us-gaap:CostOfRevenue
 
 
 
 
 2025-01-01
 2025-03-31
 
 
 
 
 0001527762
 
 CD:TwoThousandTwentyFiveEquityIncentivePlanMember
 
 us-gaap:GeneralAndAdministrativeExpense
 
 
 
 
 2026-01-01
 2026-03-31
 
 
 
 
 0001527762
 
 CD:TwoThousandTwentyFiveEquityIncentivePlanMember
 
 us-gaap:GeneralAndAdministrativeExpense
 
 
 
 
 2025-01-01
 2025-03-31
 
 
 
 
 0001527762
 
 CD:TwoThousandTwentyFiveEquityIncentivePlanMember
 
 
 
 2025-01-01
 2025-03-31
 
 
 
 
 0001527762
 
 CD:NonEmployeeShareBasedCompensationMember
 
 us-gaap:CostOfRevenue
 
 
 
 
 2026-01-01
 2026-03-31
 
 
 
 
 0001527762
 
 CD:NonEmployeeShareBasedCompensationMember
 
 us-gaap:CostOfRevenue
 
 
 
 
 2025-01-01
 2025-03-31
 
 
 
 
 0001527762
 
 CD:NonEmployeeShareBasedCompensationMember
 
 us-gaap:GeneralAndAdministrativeExpense
 
 
 
 
 2026-01-01
 2026-03-31
 
 
 
 
 0001527762
 
 CD:NonEmployeeShareBasedCompensationMember
 
 us-gaap:GeneralAndAdministrativeExpense
 
 
 
 
 2025-01-01
 2025-03-31
 
 
 
 
 0001527762
 
 CD:NonEmployeeShareBasedCompensationMember
 
 us-gaap:ResearchAndDevelopmentExpense
 
 
 
 
 2026-01-01
 2026-03-31
 
 
 
 
 0001527762
 
 CD:NonEmployeeShareBasedCompensationMember
 
 us-gaap:ResearchAndDevelopmentExpense
 
 
 
 
 2025-01-01
 2025-03-31
 
 
 
 
 0001527762
 
 CD:NonEmployeeShareBasedCompensationMember
 
 
 
 2025-01-01
 2025-03-31
 
 
 
 
 0001527762
 
 CD:TwoThousandTwentyFiveEquityIncentivePlanMember
 
 
 
 2025-12-31
 
 
 
 
 0001527762
 
 CD:TwoThousandTwentyFiveEquityIncentivePlanMember
 
 
 
 2024-12-31
 
 
 
 
 0001527762
 
 CD:TwoThousandTwentyFiveEquityIncentivePlanMember
 
 
 
 2025-03-31
 
 
 
 
 0001527762
 
 CD:NonEmployeeShareBasedCompensationMember
 
 
 
 2025-12-31
 
 
 
 
 0001527762
 
 CD:NonEmployeeShareBasedCompensationMember
 
 
 
 2024-12-31
 
 
 
 
 0001527762
 
 CD:NonEmployeeShareBasedCompensationMember
 
 
 
 2026-03-31
 
 
 
 
 0001527762
 
 CD:NonEmployeeShareBasedCompensationMember
 
 
 
 2025-03-31
 
 
 
 
 0001527762
 
 us-gaap:CommonStockMember
 
 
 
 2025-01-01
 2025-12-31
 
 
 
 
 0001527762
 
 CD:NonCancellableOperatingLeaseAgreementMember
 
 
 
 2026-01-01
 2026-03-31
 
 
 
 
 0001527762
 
 
 2025-10-01
 2025-12-31
 
 
 
 iso4217:USD
 
 
 xbrli:shares
 
 
 
 
 iso4217:USD
 
 
 xbrli:shares
 
 
 
 
 xbrli:pure
 
 
 CD:item
 
 
 CD:Integer
 
 
 CD:Bitcoins
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 

 

 

UNITED
STATES

SECURITIES
AND EXCHANGE COMMISSION

Washington,
D.C. 20549

 

 

 

FORM
10-Q

 

☒
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For
the quarterly period ended March 31, 2026

 

or

☐
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For
the transition period from _____ to _____

 

 

 

Commission
File Number 001-36896

 

 

 

CHAINCE
DIGITAL HOLDINGS INC.

(Exact
name of registrant as specified in its charter)

 

 

 
 Cayman
 Islands
  
 57-1150621

 
 (State
 or other jurisdiction of incorporation or organization)
  
 (I.R.S.
 Employer Identification No.)

 
 

 
 1251
 Avenue of the Americas, Floor 41
  
 10020

 
 New
 York, NY 
  
 (Zip
 Code)

 
 (Address
 of principal executive offices)
  
  

 
 

(949)
678-9653

(Registrant’s
telephone number, including area code)

 

Securities
registered pursuant to Section 12(b) of the Act:

 

 
 Title
 of each class
  
 Trading
 Symbol(s)
  
 Name
 of exchange on which registered

 
 Ordinary
 Shares, par value US$0.004 per share 
  
 CD
 
  
 NASDAQ
 Global Market 

 
 

Indicate
by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)
has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

 

Indicate
by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule
405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant
was required to submit such files). Yes ☒ No ☐

 

Indicate
by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting
company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,”
“smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

 
  
 Large accelerated
 filer ☐
 Accelerated filer
 ☐

 
  
 Non-accelerated filer ☒
 Smaller reporting company ☒

 
  
 Emerging growth company ☐
  

 
 

If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

Indicate
by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

 

The
number of ordinary shares of the registrant outstanding as of May 11, 2026 was 79,443,800.

 

 

 

  

  

 

 

CHAINCE
DIGITAL HOLDINGS INC. AND SUBSIDIARIES

 

INDEX
TO FORM 10-Q

 

FOR
THE QUARTER ENDED MARCH 31, 2026

 

 
 PART I. FINANCIAL INFORMATION
  

 
  
 ITEM
 1.
 Financial Statements
  

 
  
  
 Unaudited Condensed Consolidated Balance Sheets
 2

 
  
  
 Unaudited Condensed Consolidated Statements of Operations
 4

 
  
  
 Unaudited Condensed Consolidated Statements of Changes in Shareholders’ Equity
 7

 
  
  
 Unaudited Condensed Consolidated Statements of Cash Flows
 9

 
  
  
 Notes to Unaudited Condensed Consolidated Financial Statements
 11

 
  
 ITEM
 2.
 Management’s Discussion and Analysis of Financial Condition and Results of Operations
 42

 
  
 ITEM
 3.
 Quantitative and Qualitative Disclosures about Market Risk
 53

 
  
 ITEM
 4.
 Controls and Procedures
 53

 
  
  
  
  

 
 PART II. OTHER INFORMATION
  

 
  
 ITEM
 1.
 Legal Proceedings
 54

 
  
 ITEM
 1A.
 Risk Factors
 54

 
  
 ITEM
 2.
 Unregistered Sales of Equity Securities and Use of Proceeds
 54

 
  
 ITEM
 3.
 Defaults Upon Senior Securities
 54

 
  
 ITEM
 4.
 Mine Safety Disclosures
 54

 
  
 ITEM
 5.
 Other Information
 54

 
  
 ITEM
 6.
 Exhibits
 55

 
  
  
  
  

 
 SIGNATURES
 56

 
 

 i

  

 

 

Cautionary
Note Regarding Forward-Looking Statements 

 

This
Quarterly Report on Form 10-Q contains forward-looking statements that involve risks and uncertainties, including statements based on
our current expectations, assumptions, estimates and projections about us and our industry. In some cases, these forward-looking statements
can be identified by words or phrases such as “aim,” “anticipate,” “believe,” “estimate,”
“expect,” “going forward,” “intend,” “ought to,” “plan,” “project,”
“potential,” “seek,” “may,” “might,” “can,” “could,” “will,”
“would,” “shall,” “should,” “is likely to” and the negative form of these words and other
similar expressions. The forward-looking statements included in this Quarterly Report relate to, among others:

 

 
  
 ●
 our business strategies
 and objectives;

 
  
  
  

 
  
 ●
 the development and growth
 of our financial services and advisory businesses, including capital markets advisory, brokerage and related professional services;

 
  
  
  

 
  
 ●
 our ability to expand our
 client base, strengthen strategic partnerships and enhance our service offerings;

 
  
  
  

 
  
 ●
 our expectations regarding
 the demand for financial advisory and capital markets services;

 
  
  
  

 
  
 ●
 competition within the
 financial services and advisory industry; and

 
  
  
  

 
  
 ●
 general economic, financial
 market and business conditions that may affect our operations and financial performance.

 
 

These
forward-looking statements involve various risks and uncertainties. Although we believe that our expectations expressed in these forward-looking
statements are reasonable, our expectations could later be found to be incorrect. Our actual results could be materially different from
our expectations. You should thoroughly read this Quarterly Report and the documents that we refer to with the understanding that our
actual future results may be materially different from and worse than what we expect. We qualify all of our forward-looking statements
by these cautionary statements.

 

Forward-looking
statements speak only as of the date the statements are made. Except as required under the federal securities laws and rules and regulations
of the United States Securities and Exchange Commission, we undertake no obligation to update or revise forward-looking statements to
reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information.

 

Foreign
Private Issuer Status

 

The
Company currently qualifies as a “foreign private issuer” under Rule 3b-4 under the Securities Exchange Act of 1934, as amended
(the “Exchange Act”). Beginning with its Annual Report on Form 10-K for the fiscal year ended December 31, 2025, the Company
has voluntarily elected to file periodic and current reports with the Securities and Exchange Commission (the “SEC”) using
domestic issuer forms, including Forms 10-K, 10-Q and 8-K, in lieu of forms customarily used by foreign private issuers, including Forms
20-F and 6-K.

 

 

 1

  

 

 

PART
I. FINANCIAL INFORMATION

 

ITEM
 1. FINANCIAL STATEMENTS

 

CHAINCE
DIGITAL HOLDINGS INC.

(FORMERLY
KNOWN AS MERCURITY FINTECH HOLDING INC.)

UNAUDITED
CONDENSED CONSOLIDATED BALANCE SHEETS

(In
U.S. dollars, except for number of shares and per share data)

 

 
   
 Note 
 March 31,
 2026
  
 December 31,
 2025
 

 
 ASSETS: 
   
     
    

 
 Current assets: 
   
     
    

 
 Cash and cash equivalents 
 6 
  36,718,776  
  33,820,069 

 
 Clearing deposit 
   
  105,134  
  132,536 

 
 Short-term investments 
 7 
  3,182,618  
  2,243,567 

 
 Stablecoins 
 8 
  2,893,518  
  2,904,894 

 
 Digital assets 
 9 
  843,968  
  1,122,628 

 
 Accounts receivable 
   
  166,303  
  300,076 

 
 Interest receivable 
   
  100,062  
  38,056 

 
 Prepaid expenses and other current assets, net 
 10 
  2,229,135  
  2,251,298 

 
 Current assets of discontinued operations 
 5 
  2,043,371  
  2,366,332 

 
 Total current assets 
   
 $48,282,885  
 $45,179,456 

 
   
   
     
    

 
 Non-current assets: 
   
     
    

 
 Operating right-of-use assets, net 
 12 
  909,298  
  989,530 

 
 Property and equipment, net 
   
  17,695  
  7,007 

 
 Intangible assets, net 
   
  120,000  
  120,000 

 
 Deferred tax assets 
 13 
  145,541  
  112,832 

 
 Security deposit 
   
  63,648  
  63,648 

 
 Other long-term investments 
   
  122,600  
  122,600 

 
 Total non-current assets 
   
 $1,378,782  
 $1,415,617 

 
   
   
     
    

 
 TOTAL ASSETS 
   
 $49,661,667  
 $46,595,073 

 
   
   
     
    

 
 LIABILITIES AND SHAREHOLDERS’ EQUITY: 
   
     
    

 
 Current liabilities: 
   
     
    

 
 Deferred revenue 
   
  950,269  
  230,653 

 
 Accrued expenses and other current liabilities 
 11 
  411,425  
  797,941 

 
 Operating lease liabilities 
 12 
  339,534  
  270,497 

 
 Current liabilities of discontinued operations 
 5 
  277,899  
  457,985 

 
 Total current liabilities 
   
 $1,979,127  
 $1,757,076 

 

 

 2

  

 

 

CHAINCE
DIGITAL HOLDINGS INC.

(FORMERLY
KNOWN AS MERCURITY FINTECH HOLDING INC.)

UNAUDITED
CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED)

(In
U.S. dollars, except for number of shares and per share data)

 

 
   
 Note 
 March 31,
 2026
  
 December 31,
 2025
 

 
   
   
    
   

 
 LIABILITIES AND SHAREHOLDERS’ EQUITY (CONTINUED): 
   
     
    

 
   
   
     
    

 
 Non-current liabilities: 
   
     
    

 
 Lease liabilities 
 12 
  692,936  
  780,603 

 
 Deferred tax liabilities 
 13 
  25,200  
  25,200 

 
 Total non-current liabilities 
   
 $718,136  
 $805,803 

 
   
   
     
    

 
 TOTAL LIABILITIES 
   
 $2,697,263  
 $2,562,879 

 
   
   
     
    

 
 Commitments and contingencies 
 17 
  -  
  - 

 
   
   
     
    

 
 Shareholders’ equity: 
   
     
    

 
 Ordinary shares ($0.004 par value, 1,000,000,000 shares authorized as of March 31, 2026, 79,409,800 and 72,883,130 shares issued and outstanding as of March 31, 2026 and December 31, 2025 respectively) 
 14 
  317,658  
  291,551 

 
 Subscription receivable 
 14 
  (1,191,960) 
  — 

 
 Additional paid-in capital 
   
  733,662,716  
  728,211,983 

 
 Accumulated deficit 
   
  (686,899,085) 
  (685,546,641)

 
 Accumulated other comprehensive income 
   
  1,075,075  
  1,075,301 

 
 Total shareholders’ equity 
   
 $46,964,404  
 $44,032,194 

 
   
   
     
    

 
 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 
   
 $49,661,667  
 $46,595,073 

 

 

The
accompanying notes are an integral part of these consolidated financial statements.

 

 3

  

 

 

CHAINCE
DIGITAL HOLDINGS INC.

(FORMERLY
KNOWN AS MERCURITY FINTECH HOLDING INC.)

UNAUDITED
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In
U.S. dollars, except for number of shares and per share data)

 

 
   
 Note 
 2026  
 2025 

   
   
 For the three months ended March 31, 

 
   
 Note 
 2026  
 2025 

 
   
   
    
   

 
 Revenue: 
   
     
    

 
 Financial services and advisory businesses 
 2 
  507,546  
  25,065 

 
 Total revenue 
   
 $507,546  
 $25,065 

 
   
   
     
    

 
 Cost of revenue: 
   
     
    

 
 Financial services and advisory businesses 
 2 
  (289,521) 
  (67,412)

 
 Total cost of revenue 
   
 $(289,521) 
 $(67,412)

 
 Gross profit 
   
 $218,025  
 $(42,347)

 
   
   
     
    

 
 Operating expenses: 
   
     
    

 
 Sales and marketing 
   
  (21,148) 
  (29,066)

 
 General and administrative 
   
  (1,144,112) 
  (713,422)

 
 Research and development 
   
  (83,542) 
  — 

 
 Provision for doubtful accounts 
   
  1,058  
  — 

 
 Loss on market price of stablecoins and digital assets 
 8, 9 
  (278,370) 
  (68,592)

 
 Total operating expenses 
   
 $(1,526,114) 
 $(811,080)

 
   
   
     
    

 
 Operating loss from continuing operations 
   
 $(1,308,089) 
 $(853,427)

 
   
   
     
    

 
 Interest income/(expenses), net 
   
  251,913  
  51,181 

 
 Other (expenses)/income, net 
   
  (114) 
  15 

 
 (Loss)/gain from market price of short-term investment 
   
  (63,072) 
  3,159 

 
 Loss before provision for income taxes 
   
 $(1,119,362) 
 $(799,072)

 
 Income tax benefits 
 13 
  32,709  
  95,310 

 
 Loss from continuing operations 
   
 $(1,086,653) 
 $(703,762)

 
   
   
     
    

 
 Discontinued operations: 
   
     
    

 
 Loss from discontinued operations 
 5 
  (265,791) 
  (597,716)

 
 Net loss 
   
 $(1,352,444) 
 $(1,301,478)

 
   
   
     
    

 
 Net loss attributable to holders of ordinary shares of Chaince Digital Holdings Inc. 
   
 $(1,352,444) 
 $(1,301,478)

 

 

 

 4

  

 

 

CHAINCE
DIGITAL HOLDINGS INC.

(FORMERLY
KNOWN AS MERCURITY FINTECH HOLDING INC.)

UNAUDITED
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (CONTINUED)

(In
U.S. dollars, except for number of shares and per share data)

 

 
   
   
 For the three months ended March 31, 

 
   
 Note 
 2026  
 2025 

 
   
   
    
   

 
 Numerator 
   
     
    

 
 Net loss attributable to holders of ordinary shares of Chaince Digital Holdings Inc. 
   
 $(1,352,444) 
 $(1,301,478)

 
 Continuing operations 
   
  (1,086,653) 
  (703,762)

 
 Discontinued operations 
   
  (265,791) 
  (597,716)

 
   
   
     
    

 
 Denominator 
   
     
    

 
 Weighted average shares used in calculating basic net loss per ordinary share 
 16 
  73,813,709  
  63,444,342 

 
 Weighted average shares used in calculating diluted net loss per ordinary share 
 16 
  73,813,709  
  63,444,342 

 
   
   
     
    

 
 Net loss per ordinary share 
   
     
    

 
 Basic 
 16 
  (0.02) 
  (0.02)

 
 Diluted 
 16 
  (0.02) 
  (0.02)

 
 Net loss per ordinary share from continuing operation 
   
     
    

 
 Basic 
 16 
  (0.02) 
  (0.01)

 
 Diluted 
 16 
  (0.02) 
  (0.01)

 
 Net loss per ordinary share from discontinued operation 
   
     
    

 
 Basic 
 16 
  (0.00) 
  (0.01)

 
 Diluted 
 16 
  (0.00) 
  (0.01)

 

 

The
accompanying notes are an integral part of these consolidated financial statements.

 

 5

  

 

 

CHAINCE
DIGITAL HOLDINGS INC.

(FORMERLY
KNOWN AS MERCURITY FINTECH HOLDING INC.)

UNAUDITED
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (CONTINUED)

(In
U.S. dollars, except for number of shares and per share data)

 

 
   
   
 For the three months ended March 31, 

 
   
 Note 
 2026  
 2025 

 
   
   
    
   

 
 Net loss 
  
 $(1,352,444) 
 $(1,301,478)

 
 Change in cumulative foreign currency translation adjustment 
   
  (226) 
  (3,747)

 
 Change in deregistration of subsidiaries 
   
  —  
  — 

 
 Comprehensive loss 
   
 $(1,352,670) 
 $(1,305,225)

 

 

The
accompanying notes are an integral part of these consolidated financial statements.

 

 6

  

 

 

CHAINCE
DIGITAL HOLDINGS INC.

(FORMERLY
KNOWN AS MERCURITY FINTECH HOLDING INC.)

UNAUDITED
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY

(In
U.S. dollars, except for number of shares and per share data)

 

 
   
 of shares  
 Amount  
 capital  
 deficit  
 income/(loss)  
 receivables  
 equity  
 equity 

 
   
    
    
    
    
    
    
 Total  
   

 
   
    
    
    
    
    
    
 Chaince  
   

 
   
    
    
    
    
 Accumulated  
    
 Digital  
   

 
   
 Ordinary shares  
 Additional  
    
 other  
    
 Holdings Inc.  
 Total 

 
   
 Number
  
    
 paid-in  
 Accumulated  
 comprehensive  
 Subscription  
 shareholders’  
 shareholders’ 

 
   
 of shares  
 Amount  
 capital  
 deficit  
 income/(loss)  
 receivables  
 equity  
 equity 

 
   
    
    
    
    
    
    
    
   

 
 Balance as of January 1, 2026 
  72,883,130  
  291,551  
  728,211,983  
  (685,546,641) 
  1,075,301  
  —  
      44,032,194  
      44,032,194 

 
 Share-based compensation (Note 15) 
  26,670  
  107  
  111,567  
  —  
  —  
  —  
  111,674  
  111,674 

 
 Issuance of shares in the private placement (Note 14) 
  6,500,000  
  26,000  
  5,005,000  
  —  
  —  
  (1,191,960) 
  3,839,040  
  3,839,040 

 
 Issuance of shares as a consideration for professional services (Note 15) 
  —  
  —  
  334,166  
  —  
  —  
  —  
  334,166  
  334,166 

 
 Net loss 
  —  
  —  
  —  
  (1,352,444) 
  —  
  —  
  (1,352,444) 
  (1,352,444)

 
 Foreign currency translation 
  —  
  —  
  —  
  —  
  (226) 
  —  
  (226) 
  (226)

 
 Balance as of March 31, 2026 
  79,409,800  
  317,658  
  733,662,716  
  (686,899,085) 
  1,075,075  
  (1,191,960) 
  46,964,404  
  46,964,404 

 
 

 7

  

 

 

CHAINCE
DIGITAL HOLDINGS INC.

(FORMERLY
KNOWN AS MERCURITY FINTECH HOLDING INC.)

UNAUDITED
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY

(In
U.S. dollars, except for number of shares and per share data)

 

 
   
 of shares  
 Amount  
 capital  
 deficit  
 income  
 equity  
 equity 

 
   
    
    
   
    
 
 
  
 Total

 Chaince
  
  

 
   
    
    
   
   
 Accumulated  
 Digital  
  

 
   
 Ordinary shares  
 Additional  
   
 other  
 Holdings Inc.  
 Total 

 
   
 Number  
    
 paid-in  
 Accumulated  
 comprehensive  
 shareholders’  
 shareholders’ 

 
   
 of shares  
 Amount  
 capital  
 deficit  
 income  
 equity  
 equity 

 
 Balance as of January 1, 2025 
  62,299,897  
  249,218  
  703,098,695  
  (680,448,810) 
  1,189,715  
  24,088,818  
  24,088,818 

 
 Share-based compensation 
  16,666  
  67  
  117,262  
  —  
  —  
  117,329  
  117,329 

 
 Issuance of shares in the private placement (Note 14) 
  1,370,000  
  5,480  
  8,036,420  
  —  
  —  
  8,041,900  
  8,041,900 

 
 Net loss 
  —  
  —  
  —  
  (1,301,478) 
  —  
  (1,301,478) 
  (1,301,478)

 
 Foreign currency translation 
  —  
  —  
  —  
  —  
  (3,747) 
  (3,747) 
  (3,747)

 
 Balance as of March 31, 2025 
  63,686,563  
  254,765  
  711,252,377  
  (681,750,288) 
  1,185,968  
  30,942,822  
  30,942,822 

   
     
     
     
     
     
     
    

 
 

 8

  

 

 

CHAINCE
DIGITAL HOLDINGS INC.

(FORMERLY
KNOWN AS MERCURITY FINTECH HOLDING INC.)

UNAUDITED
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In
U.S. dollars, except for number of shares and per share data)

 

 
   
 2026  
 2025 

 
   
 For the three months ended March 31, 

 
   
 2026  
 2025 

 
   
    
   

 
 Cash flows from operating activities: 
     
    

 
 Net loss 
  (1,352,444) 
  (1,301,478)

 
 Less: Net loss from discontinued operations 
  (265,791) 
  (597,716)

 
 Net loss from continuing operations 
  (1,086,653) 
  (703,762)

 
   
     
    

 
 Adjustments to reconcile net loss to net cash used in operating activities: 
     
    

 
 Provision for doubtful accounts 
  (1,058) 
  — 

 
 Depreciation of property and equipment 
  648  
  126,550 

 
 Exchange gains and losses 
  (360) 
  (2,277)

 
 Loss/(gain) from market price of short-term investment 
  63,072  
  (3,159)

 
 Loss on market price of stablecoins and digital assets 
  278,370  
  68,592 

 
 Interest income from short-term investment and providing loans 
  (38,876) 
  (78,501)

 
 Interest cost of convertible note and borrowing Filecoins 
  —  
  60,137 

 
 Stock-based compensation 
  445,821  
  117,329 

 
   
     
    

 
 Changes in operating assets and liabilities, net of effect of acquisitions: 
     
    

 
 Clearing deposit 
  27,402  
  — 

 
 Accounts receivable, net of allowance 
  134,831  
  — 

 
 Prepaid expenses and other current assets 
  13,048  
  (57,795)

 
 Right-of-use assets 
  80,232  
  238,330 

 
 Deferred tax assets 
  (32,709) 
  (95,310)

 
 Accounts payable 
  (11,778) 
  32,517 

 
 Advance from customers and deferred revenues 
  (215,384) 
  (10,065)

 
 Accrued expenses and other current liabilities 
  (318,292) 
  (339,808)

 
 Lease liabilities 
  (18,630) 
  (93,056)

 
 Net cash used in operating activities in continuing operations 
 $(680,316) 
 $(740,278)

 
 Net cash used in operating activities in discontinued operations 
  (122,917) 
  (59,781)

 
 Net cash used in operating activities 
 $(803,233) 
 $(800,059)

 

 

The
accompanying notes are an integral part of these consolidated financial statements.

 

 9

  

 

 

CHAINCE
DIGITAL HOLDINGS INC.

(FORMERLY
KNOWN AS MERCURITY FINTECH HOLDING INC.)

UNAUDITED
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)

(In
U.S. dollars, except for number of shares and per share data)

 

 
   
 For the three months ended March 31, 

 
   
 2026  
 2025 

 
   
    
   

 
 Cash flows from investing activities: 
     
    

 
 Cash from receiving short-term investment interests and dividends 
  4,914  
  6,457 

 
 Payments for purchasing digital assets 
  (125,828) 
  — 

 
 Payments for purchasing property and equipment 
  (11,336) 
  — 

 
 Cash paid for short-term investments 
  (4,914) 
  (943,690)

 
 Net cash (used in)/provided by investing activities in continuing operations 
 $(137,164) 
 $(937,233)

 
 Net cash provided by investing activities in discontinued operations 
  —  
  — 

 
 Net cash (used in)/provided by investing activities 
 $(137,164) 
 $(937,233)

 
 Cash flows from financing activities: 
     
    

 
 Issuance of ordinary shares 
  3,839,040  
  8,041,900 

 
 Convertible notes 
  —  
  (4,000,000)

 
 Financing costs 
  —  
  (375,000)

 
 Net cash provided by financing activities in continuing operations 
 $3,839,040  
 $3,666,900 

 
 Net cash provided by financing activities in discontinued operations 
  —  
  — 

 
 Net cash provided by financing activities 
 $3,839,040  
 $3,666,900 

 
   
     
    

 
 Effect of exchange rate changes by continuing operations 
  64  
  20 

 
 Effect of exchange rate changes by discontinued operations 
  —  
  — 

 
 Effect of exchange rate changes 
 $64  
 $20 

 
   
     
    

 
 Increase in cash and cash equivalents 
 $2,898,707  
 $1,929,628 

 
   
     
    

 
 Cash and cash equivalents, beginning of the period 
 $33,820,069  
 $24,009,331 

 
   
     
    

 
 Cash and cash equivalents of continuing operations, end of the period 
  36,718,776  
  25,938,959 

 
 Cash and cash equivalents of discontinued operations, end of the period 
  —  
  — 

 
 Cash and cash equivalents, end of the period 
 $36,718,776  
 $25,938,959 

 

 

The
accompanying notes are an integral part of these consolidated financial statements.

 

 10

  

 

 

CHAINCE
DIGITAL HOLDINGS INC.

(FORMERLY
KNOWN AS MERCURITY FINTECH HOLDING INC.)

NOTES
TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(In
U.S. dollars, except for number of shares and per share data)

 

1.
ORGANIZATION AND PRINCIPAL ACTIVITIES

 

The
Company’s current continuing operations are focused on financial services and advisory businesses.

 

Set
forth below is a description of the Company’s principal business activities.

 

Financial
services and advisory businesses

 

Since
August 2022, the Company has operated in the financial services and advisory sector. Following the approval of Chaince Securities, LLC’s
Continuing Membership Application (“CMA”) by the Financial Industry Regulatory Authority (“FINRA”) in March 2025,
the financial services and advisory business has become the Company’s primary operating focus and a core component of its long-term
strategy.

 

These
activities are conducted primarily through the Company’s wholly owned subsidiary, Chaince Securities, Inc., and its affiliated
entities. Chaince Securities, LLC, a subsidiary of Chaince Securities, Inc., is a FINRA-registered broker-dealer and registered investment
advisor (“RIA”). Chaince Securities, LLC provides investment banking services and related business consulting services to
companies pursuing securities offerings in the U.S. capital markets, as well as investment solutions to institutional investors, high-net-worth
individuals, and emerging issuers globally. The operations team is based in New York, United States, and actively conducts business with
clients primarily located in the United States.

 

In
addition, Ucon Capital (HK) Limited (“Ucon”), together with its wholly owned subsidiary in the People’s Republic of
China, Chaince (Shenzhen) Consulting Co., Ltd., provides business consulting and advisory services to clients in the Asia-Pacific region,
with a focus on capital markets advisory, corporate restructuring, and related professional services.

 

Discontinued
operations

 

Historically,
the Company also conducted blockchain- and digital asset-related activities through Mercurity Fintech Technology Holding Inc. (“MFH
Tech”), including distributed storage and computing services consisting primarily of Filecoin (“FIL”) mining operations.

 

In
December 2022, the Company acquired certain Web3 decentralized storage infrastructure, including cryptocurrency mining servers and related
equipment, and commenced Filecoin mining operations. These mining operations were located in New Jersey, United States, and were operated
through a third-party data center service provider.

 

In
December 2025, the Company’s Board of Directors approved a strategic decision to discontinue the Filecoin mining business, as such
operations were no longer aligned with the Company’s long-term business strategy and capital allocation priorities. Following this
decision, the Company ceased making new investments in Filecoin mining activities and initiated an orderly wind-down of the business.

 

On
December 12, 2025, the Company entered into a comprehensive agreement pursuant to which substantially all Filecoin mining equipment was
sold to a third party. Under the terms of the agreement, the Company leased back the equipment through April 30, 2026 solely to allow
existing Filecoin mining nodes to naturally expire. Upon expiration of the mining nodes, the Company expects to fully exit Filecoin mining
operations and settle all remaining obligations related to such activities.

 

MFH
Tech will continue to exist as a legal entity following the completion of the wind-down process and may be used to conduct other digital
asset-related or technology-enabled businesses in the future. The discontinuation relates solely to the Filecoin mining business and
does not represent a liquidation or dissolution of MFH Tech.

 

The
results of the Filecoin mining business have been classified as discontinued operations in the accompanying consolidated financial statements
for all periods presented.

 

 11

  

 

 

CHAINCE
DIGITAL HOLDINGS INC.

(FORMERLY
KNOWN AS MERCURITY FINTECH HOLDING INC.)

NOTES
TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

(In
U.S. dollars, except for number of shares and per share data)

 

As
of March 31, 2026, the Company’s subsidiaries are as follows:

SCHEDULE
OF SUBSIDIARIES

 
   
 Date of 
 Place of 
 Percentage 

 
   
 acquisition/ 
 establishment/ 
 of legal 

 
   
 registration 
 incorporation 
 ownership 

 
 Subsidiaries: 
   
   
    

 
 Chaince Securities, Inc. 
 April 12, 2023 
 United States 
  100%

 
 Chaince Securities, LLC 
 December 6, 2024 
 United States 
  100%

 
 Ucon Capital (HK) Limited 
 May 21, 2019 
 Hong Kong 
  100%

 
 Chaince (Shenzhen) Consulting Co., Ltd. 
 July 23, 2025 
 China 
  100%

 
 Mercurity Fintech Technology Holding Inc. 
 July 15, 2022 
 United States 
  100%

 
 *Aifinity Base Limited 
 February 5, 2025 
 Hong Kong 
  51%

 

 

 
  
 *
 Note:
 Aifinity Base Limited has not actually engaged in any business activities and has been undergoing the process of deregistration.

 
 

2.
RECLASSIFICATIONS 

 

Reclassification
of digital assets

 

Certain
prior-period amounts have been reclassified to conform to the current period presentation.

 

In
prior periods, the Company presented its digital asset holdings, including Filecoin (“FIL”), within intangible assets in
the consolidated balance sheets. In the accompanying condensed consolidated financial statements as of and for the three months ended
March 31, 2026, prior-period comparative amounts have been reclassified to present digital asset holdings separately from other intangible
assets, consistent with the presentation guidance of ASU No. 2023-08, Accounting for and Disclosure of Crypto Assets.

 

In
addition, in connection with the Company’s decision to discontinue its Filecoin mining business in December 2025, certain FIL held
in Filecoin node accounts associated with the mining operations have been reclassified to current assets of discontinued operations in
the condensed consolidated balance sheets. These assets primarily consist of FIL pledged or otherwise restricted in the Company’s
Filecoin node accounts in connection with mining activities. Accordingly, the comparative balance sheet amounts for prior periods have
been reclassified to conform to the current presentation.

 

Reclassification
of Revenue and Cost of Revenue Items

 

Certain
prior-period amounts in the condensed consolidated statements of operations have been reclassified to conform to the current period presentation.

 

To
better reflect the Company’s current business structure and operating focus, revenues previously presented in prior periods under
categories such as “Business consultation services” and “Other services” have been combined and reclassified
as “Financial services and advisory businesses.” This reclassification has been applied to the comparative prior-period presentation,
including the three months ended March 31, 2025, to conform to the current period presentation.

 

This
reclassification did not affect the Company’s previously reported total revenue, net loss, total assets, total liabilities, or
cash flows for any period presented.

 

 12

  

 

 

CHAINCE
DIGITAL HOLDINGS INC.

(FORMERLY
KNOWN AS MERCURITY FINTECH HOLDING INC.)

NOTES
TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

(In
U.S. dollars, except for number of shares and per share data)

 

Reclassification
of discontinued operations

 

Certain
prior-period amounts have been reclassified to reflect the presentation of the Company’s Filecoin mining business as discontinued
operations.

 

Following
the Company’s strategic decision in December 2025 to discontinue its Filecoin mining business, the results of operations of that
business, which had previously been reported within “Distributed storage and computing services,” have been reclassified
to discontinued operations. Accordingly, the comparative prior-period results of operations for the three months ended March 31, 2025
have been reclassified to present the Filecoin mining business as discontinued operations in the condensed consolidated statements of
operations.

 

Cash
flows attributable to the discontinued operations have also been reclassified and presented separately in the condensed consolidated
statements of cash flows, and assets and liabilities directly associated with the disconti