The Company evaluates inventory levels quarterly based on future demand and market conditions, recording write-downs for inventory that is obsolete, impaired, or in excess of expected sales. No inventory write-downs were recorded as of December 31, 2025, and 2024. The Company holds cryptocurrencies including Bitcoin, ETH, and AAVE, primarily acquired through Bitcoin mining. Bitcoin is measured at fair value using the period-end closing price from Coinbase. Cryptocurrencies are held in an account at Bitstamp, a wholly owned subsidiary of Robinhood, which serves as the bitcoin custodian.
Netbrands's Comment on Supply Chain
The Company evaluates inventory levels quarterly based on future demand and market conditions, recording write-downs for inventory that is obsolete, impaired, or in excess of expected sales. No inventory write-downs were recorded as of December 31, 2025, and 2024. The Company holds cryptocurrencies including Bitcoin, ETH, and AAVE, primarily acquired through Bitcoin mining. Bitcoin is measured at fair value using the period-end closing price from Coinbase. Cryptocurrencies are held in an account at Bitstamp, a wholly owned subsidiary of Robinhood, which serves as the bitcoin custodian.
Sources:
NetBrands Corp.'s official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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