The Registrant expects to report net revenues of approximately $9.6 to $10.6 million for the year ended December 31, 2025, compared to $8.4 million for the year ended December 31, 2024, an increase of approximately $1.2 to $2.2 million, or 14% to 26%, year over year. The increase in net revenues is primarily attributable to approximately $4 to $6 million in new revenue for the year tied to the Registrant's $IP token validator service that was launched on September 18, 2025.

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The Registrant expects to report net loss (after tax) of approximately $134.7 to $141.7 million for the year ended December 31, 2025, compared to net income of approximately $0.7 million for the year ended December 31, 2024. A portion of the anticipated net loss is expected to be attributable to a $115.2 to $122.2 million decrease in fair value of the Registrant's intangible digital assets based on the $IP token's closing price as of December 31, 2025.