StableX Technologies Inc 2025年季度报告

FORM10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedSeptember 30,2025 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:001-34643 STABLEX TECHNOLOGIES, INC.(Exact name of registrant as specified in its charter) (State or other jurisdiction ofincorporation or organization)(I.R.S. EmployerIdentification No.) (512)994-4917(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Trading Symbol(s)SBLX The NASDAQ Stock Market LLC Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange 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 submittedpursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required tosubmit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Non-accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying 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☒ As of November 14, 2025, the registrant had1,455,975shares of common stock outstanding. STABLEX TECHNOLOGIES, INC.QUARTER ENDED SEPTEMBER 30, 2025 Table of Contents PAGEPART IFINANCIAL INFORMATIONF-1ITEM 1.Financial Statements (Unaudited)F-1Condensed Consolidated Balance Sheets as of September 30, 2025 and December 31, 2024F-1Condensed Consolidated Statements of Operations for the Three and Nine Months Ended September 30, 2025and 2024F-2Condensed Consolidated Statements of Changes in Mezzanine Equity and Stockholders’ Equity for the Threeand Nine Months Ended September 30, 2025 and 2024F-3Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2025 and 2024F-4Notes to Condensed Consolidated Financial Statements (Unaudited)F-5ITEM 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations1ITEM 3.Quantitative and Qualitative Disclosure About Market Risk18ITEM 4.Controls and Procedures18PART IIOTHER INFORMATION20ITEM 1.Legal Proceedings20ITEM 1A.Risk Factors20ITEM 2.Unregistered Sales of Equity Securities and Use of Proceeds25ITEM 3.Defaults Upon Senior Securities25ITEM 4.Mine Safety Disclosures25ITEM 5.Other Information25ITEM 6.Exhibits26SIGNATURES28i PART I - FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS (UNAUDITED) STABLEX TECHNOLOGIES, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(UNAUDITED) LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS’ EQUITYCurrent liabilities: Mezzanine equity:Redeemable Series H-7 Convertible Preferred Stock, ($0.0001par value per share and $1,000face value per share; authorized -22,000shares; issued andoutstanding –3,264and10,167shares, at September 30, 2025 and December31, 2024, respectively).Liquidation preference of $0as of September 30, 2025.2,119,2477,587,518Redeemable Series I Convertible Preferred Stock, ($0.0001par value pershare and $1,000face value per share; authorized -7,000shares; issued andoutstanding –7,000and0shares, at September 30, 2025 and December 31,2024, respectively).Liquidation preference of $0as of September 30, 2025.3,220,317— Stockholders’ equity:Preferred Stock (authorized –20,000,000shares) STABLEX TECHNOLOGIES, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(UNAUDITED) STABLEX TECHNOLOGIES, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(UNAUDITED) STABLEX TECHNOLOGIES, INC. AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED) NOTE 1.ORGANIZATION AND NATURE OF OPERATIONS StableX Technologies, Inc. (“StableX” or the “Company”), is a Delaware corporation headquartered in New York, New York. TheCompany, and its wholly-owned subsidiary, have historically been engaged in manufacturing and sales of environmentally conscious,minimal-footprint electric vehicles. The Company is now focused on the acquisition and development of stablecoin assets,infrastructu