The Company has ceased manufacturing operations following the sale of its Hungarian subsidiary and now operates exclusively as a distributor. As of December 31, 2025, its inventory consists solely of finished goods. The Company evaluated its digital commodities and payment stablecoins, including SOL, USDC, and USDT, in accordance with ASU 2023-08 and related accounting standards. SOL is classified as an in-scope digital asset and intangible asset, while USDC and USDT are classified as financial assets but not cash equivalents. Payment stablecoins are reported as current financial assets at fair market value. Digital assets are measured at fair value, with gains and losses recognized in operations; sales and purchases of these assets are recorded in investing cash flows. The Company adopted ASU 2023-08 guidance effective August 25, 2025, coinciding with its initial acquisition of digital assets. Suppliers mentioned in filings include Circle and Tether.
Sharps Technology Inc's Comment on Supply Chain
The Company has ceased manufacturing operations following the sale of its Hungarian subsidiary and now operates exclusively as a distributor. As of December 31, 2025, its inventory consists solely of finished goods. The Company evaluated its digital commodities and payment stablecoins, including SOL, USDC, and USDT, in accordance with ASU 2023-08 and related accounting standards. SOL is classified as an in-scope digital asset and intangible asset, while USDC and USDT are classified as financial assets but not cash equivalents. Payment stablecoins are reported as current financial assets at fair market value. Digital assets are measured at fair value, with gains and losses recognized in operations; sales and purchases of these assets are recorded in investing cash flows. The Company adopted ASU 2023-08 guidance effective August 25, 2025, coinciding with its initial acquisition of digital assets. Suppliers mentioned in filings include Circle and Tether.
Sources:
Sharps Technology Inc '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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