IDAIMEDIUM SIGNALFINANCIAL10-K

IDAI showed meaningful operational improvements with reduced losses and strengthened balance sheet position, while substantially increasing share count and expanding international market presence.

The company demonstrated disciplined cost management with reduced SG&A expenses and meaningfully improved cash burn, suggesting progress toward operational efficiency. However, the share count more than doubled from 2.5M to 5.3M shares, indicating significant dilution that investors should monitor closely.

Comparing 2026-03-31 vs 2025-03-31View on EDGAR →
FINANCIAL ANALYSIS

IDAI's financial position strengthened notably with current assets growing 60% to $7.5M while current liabilities fell 77% to $952K, creating a much healthier working capital position. Operating losses improved meaningfully with net losses declining 34% to $8.3M and operating cash flow burn reducing 36% to $5.7M. The overall picture signals improved operational discipline and financial stability, though the substantial share count increase suggests meaningful equity dilution occurred during the period.

FINANCIAL STATEMENT CHANGES
Current Liabilities
Balance Sheet
-77.1%
$4.2M$952K

Current liabilities reduced — improved short-term financial position and working capital health.

Current Assets
Balance Sheet
+60.2%
$4.7M$7.5M

Current assets grew 60.2% — improving short-term liquidity or inventory/receivables build.

Total Liabilities
Balance Sheet
-56.6%
$5.4M$2.4M

Liabilities reduced 56.6% — deleveraging improves balance sheet strength and financial flexibility.

Operating Cash Flow
Cash Flow
+36.3%
-$8.9M-$5.7M

Operating cash flow surged 36.3% — exceptional cash generation, highest quality earnings signal.

Net Income
P&L
+33.6%
-$12.5M-$8.3M

Net income grew 33.6% — bottom-line growth signals improving overall business health.

Total Assets
Balance Sheet
+30.7%
$8.6M$11.2M

Asset base grew 30.7% — expansion through organic growth, acquisitions, or capital deployment.

SG&A Expense
P&L
-23.9%
$8.5M$6.5M

SG&A reduced 23.9% — improved cost efficiency or headcount reduction improving operating margins.

Operating Income
P&L
+18.2%
-$9.4M-$7.7M

Operating income improving — cost discipline or growing revenue base absorbing fixed costs.

LANGUAGE CHANGES
NEW — 2026-03-31
PRIOR — 2025-03-31
ADDED
As of March 30, 2026, there were 5,285,008 shares of Class A Common Stock, par value $0.01 per share, of the registrant outstanding.
Strengthening our international 3rd party cybersecurity and data handling certifications including NCSC Cyber Essentials Plus, certified by The IASME Consortium Ltd, SOC2 certification, and D-Seal approval (the world s first certification that includes not just data and AI model security but also the ethical and responsible use of data).
Participating in the K-Startup Grand Challenge 2025, South Korea s premier acceleration program for innovative foreign startups.
Establishing go-to-market partnerships in Nigeria and Ghana Participation in the Trust Valley program in the Geneva region of Switzerland Participation in the Founders Arena wealth management program Markets Trust Stamp has evaluated the market potential for its services across several verticals.
Data Security and Fraud In 2024 alone, numerous large-scale cybersecurity incidents resulted in the exposure of billions of personal records worldwide, including the so-called Mother of All Breaches involving over 26 billion records aggregated from multiple prior breaches, a breach of National Public Data affecting approximately 2.9 billion records including Social Security numbers, and significant compromises at major organizations such as Dell (49 million customer records), Twilio (33 million phone numbers), and Roll20 (15 million accounts).
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REMOVED
As of March 28, 2025, there were 2,487,052 shares of Class A Common Stock, par value $0.01 per share, of the registrant outstanding.
This process has included: Reducing the size of the non-production-focused executive and consulting teams to reduce overhead.
Negotiating a services contract to offset the cost of the technical team members while maintaining significant R D and product development capabilities.
Refocusing go-to-market strategies on joint ventures with proven industry partners with access to target markets.
Expanding our IP portfolio to strengthen our existing position related to presentation attack detection and tokenization and include implementations such as: i.
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