Overview
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- TickerIONI on OTC1
- IndustryFinance Services1
- HeadquartersChicago, Illinois1
- Incorporated inDE2
- Business address1244 N. Stone St., Unit #3, Chicago, Il 606102
- Filer categoryNon-accelerated filer, Smaller reporting company2
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Any loss of key personnel could have a material adverse effect on our business, financial condition, and results of operations.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs100¢$433.0K
Out of $433.0K in revenue.4 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net sales | $433.0K | |
| Total Revenues | $433.0K | $32.6K |
| Cost of sales | $21.0K | |
| Gross profit | $433.0K | $11.6K |
| Professional fees | $2.0M | $574.0K |
| General and administrative expenses | $1.2M | $719.7K |
| Total operating expenses | $3.2M | $1.3M |
| Income (loss) from continuing operations | -$2.8M | -$1.3M |
| Interest expenses | -$124.2K | -$547.4K |
| Gain (loss) on debt extinguishment | $6.1K | -$110.0K |
| Gain on sale of intangible assets | $3.8K | |
| Gain on exchange of intangible assets | $25.7K | |
| Total other income (expenses), net | -$118.1K | -$627.9K |
| Income (loss) before income taxes | -$2.9M | -$1.9M |
| Net income (loss) | -$2.9M | -$1.9M |
| Net income (loss), basic | -$0.09 | -$0.07 |
| Net income (loss), diluted | -$0.09 | -$0.07 |
| Weighted average number of common shares, basic | 31.5M shares | 27.4M shares |
| Weighted average number of common shares, diluted | 31.5M shares | 27.4M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2023-03-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $158.2K | $270.1K | ||
| Other receivable | $27.1K | |||
| Prepaid expenses | $106.3K | $12.8K | ||
| Total current assets | $291.6K | $282.9K | ||
| Intangible assets, net | $18.0M | $18.1M | ||
| Total non-current assets | $18.0M | $18.1M | ||
| Total Assets | $18.3M | $18.4M | ||
| Accrued expenses | $478.9K | $92.6K | ||
| Accrued interest | $781.0K | $660.0K | ||
| Deferred revenue | $460 | $130.5K | ||
| Derivative liability | $156.6K | |||
| Loans payable, in default | $550.0K | $550.0K | ||
| Total current liabilities | $4.1M | $2.6M | ||
| Total liabilities | $4.1M | $2.6M | ||
| Common stock - $0.0001 par value; 250,000,000 shares authorized; 34,106,234 and 31,106,234 shares issued and outstanding at December 31, 2025 and 2024, respectively | $3.4K | $3.1K | ||
| Additional paid-in-capital | $22.5M | $21.2M | ||
| Accumulated deficit | -$8.3M | -$5.4M | ||
| Total stockholders equity | $14.3M | $15.8M | $17.7M | |
| Total Liabilities and Stockholders Equity | $18.3M | $18.4M | ||
| Common stock, par value | $0.00 | $0.00 | ||
| Common stock, shares authorized | 250.0M shares | 250.0M shares | ||
| Common stock, shares issued | 34.1M shares | 31.1M shares | ||
| Common stock, shares outstanding | 34.1M shares | 31.1M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2023-03-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $158.2K | $270.1K | ||
| Other receivable | $27.1K | |||
| Prepaid expenses | $106.3K | $12.8K | ||
| Total current assets | $291.6K | $282.9K | ||
| Intangible assets, net | $18.0M | $18.1M | ||
| Total non-current assets | $18.0M | $18.1M | ||
| Total Assets | $18.3M | $18.4M | ||
| Accrued expenses | $478.9K | $92.6K | ||
| Accrued interest | $781.0K | $660.0K | ||
| Deferred revenue | $460 | $130.5K | ||
| Derivative liability | $156.6K | |||
| Loans payable, in default | $550.0K | $550.0K | ||
| Total current liabilities | $4.1M | $2.6M | ||
| Total liabilities | $4.1M | $2.6M | ||
| Common stock - $0.0001 par value; 250,000,000 shares authorized; 34,106,234 and 31,106,234 shares issued and outstanding at December 31, 2025 and 2024, respectively | $3.4K | $3.1K | ||
| Additional paid-in-capital | $22.5M | $21.2M | ||
| Accumulated deficit | -$8.3M | -$5.4M | ||
| Total stockholders equity | $14.3M | $15.8M | $17.7M | |
| Total Liabilities and Stockholders Equity | $18.3M | $18.4M | ||
| Common stock, par value | $0.00 | $0.00 | ||
| Common stock, shares authorized | 250.0M shares | 250.0M shares | ||
| Common stock, shares issued | 34.1M shares | 31.1M shares | ||
| Common stock, shares outstanding | 34.1M shares | 31.1M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income (loss) | -$2.9M | -$1.9M |
| Stock-based compensation (non-cash) | $1.4M | |
| Amortization | $136.4K | $170.7K |
| Accretion of debt discount | $77.0K | |
| Derivative recorded as loan fees | $3.2K | |
| (Gain) loss on debt extinguishment | -$6.1K | $110.0K |
| Gain on sale of intangible assets | -$3.8K | |
| Gain on exchange of intangible assets | -$25.7K | |
| Other receivable | -$27.1K | |
| Prepaid expenses and other current assets | -$93.5K | $97.0K |
| Accrued expenses | $392.4K | -$8.1K |
| Accrued interest | $121.0K | $470.4K |
| Deferred revenue | $460 | -$32.6K |
| Total net cash provided by (used in) operating activities | -$998.0K | -$1.1M |
| Proceeds from sale of intangible assets | $120.4K | |
| Purchase of intangible assets | -$19.3K | |
| Total net cash provided by (used in) investing activities | -$19.3K | $120.4K |
| Proceeds from convertible notes payable | $153.4K | |
| Advances from related parties | $1.4M | $1.4M |
| Repayments to related parties | -$615.4K | -$182.4K |
| Total net cash provided by (used in) financing activities | $905.4K | $1.2M |
| Net increase (decrease) in cash and cash equivalents | -$111.9K | $234.0K |
| Write-off of fully amortized intangible assets no longer in use | $84.0K | |
| Issuance of Series A preferred stock | $176.3K | |
| Series C preferred stock converted into common stock | $300 | $330 |
| Debt discount recorded for convertible notes | $198.0K | |
| Common stock issued for cashless warrant exercise | $40 |
No quarter-by-quarter statement was filed.
Corporate structure
I-ON Digital Corp. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of I-ON Digital Corp.
- Carlos X. Montoya Filed SCHEDULE 13D on I-ON Digital Corp., latest Apr 14, 2025
- I-ON Digital Corp. Chicago, Illinois
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What I-ON Digital Corp. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $158.2K4 Dec 31, 2025 | $270.1K4 Dec 31, 2024 | −41.4% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Intangible assets, net (excluding goodwill) | $18.0M4 Dec 31, 2025 | $18.1M4 Dec 31, 2024 | −0.6% |
| Finite-lived intangibles, net | $18.1M8 Dec 31, 2024 | $18.4M9 Dec 31, 2023 | −1.4% |
Properties, in its own words
Our principal place of business and corporate headquarters is located at 1244 N. Stone Street, Unit #3, Chicago, Illinois, which we lease on a month-to-month basis. We believe that our current office is sufficient in size for current and future operations.
Item 2 of the 10-K filed Apr 15, 2026.3
Leadership
Who has led I-ON Digital Corp., and when. Pick a name to see everywhere that person has worked.
Chair
President
Chief financial officer
- Chief executive officerCarlos X. Montoya Apr 14, 2025 to now13
- Chief executive officerJae Cheol James Oh Dec 12, 2018 to Dec 14, 201814
- Chief executive officerMichael Rapport Apr 22, 2014 to Nov 21, 201415
- ChairMichael Rapport Apr 22, 2014 to Nov 21, 201415
- PresidentCarlos X. Montoya Apr 14, 2025 to now13
- Chief financial officerJae Cheol James Oh Dec 12, 2018 to Dec 14, 201814
- Chief financial officerMichael Rapport Apr 22, 2014 to Nov 21, 201415
Board members and other officers (12)
- Chief Marketing OfficerKenneth James Park Apr 14, 2025 to now16
- Vice PresidentEvan Rapport Apr 22, 2014 to Oct 17, 201417
- Board memberBrad Mitchell Hoffman Apr 14, 2025 to now18
- Board memberCarlos X. Montoya Apr 14, 2025 to now13
- Board memberKenneth James Park Apr 14, 2025 to now16
- Board memberStephen C. Aust Apr 14, 2025 to now19
- Board memberJohn Jubilee Sep 8, 2025 to now20
- Board memberJae Cheol James Oh Dec 12, 2018 to Dec 14, 201814
- Board memberEvan Rapport Apr 22, 2014 to Oct 17, 201417
- Board memberJoseph Alvin Ryan Jun 2, 2014 to Oct 17, 201421
- Board memberMark Lamb Jun 2, 2014 to Oct 17, 201422
- Board memberRoy Layne Roberson Jun 2, 2014 to Oct 17, 201423
Former names
Timeline
- Oct 8, 20268-K Executive or director change24
- Sep 14, 20268-K Executive or director change25
- Aug 14, 20268-K Executive or director change26
- Jul 10, 20268-K Executive or director change27
- Jun 12, 20268-K Executive or director change28
- Jun 5, 20268-K Entered a material agreement; Completed an acquisition or sale29
- May 21, 20268-K Results of operations30
- Feb 23, 20268-K Entered a material agreement; Unregistered sale of shares31
- Dec 3, 20258-K Other events32
- Sep 26, 20258-K Other events33
- Sep 3, 20258-K Executive or director change34
- May 2, 20258-K Executive or director change; Other events35
- Apr 14, 2025New chief executive Carlos X. Montoya becomes CEO13
- Dec 12, 2018New chief executive Jae Cheol James Oh becomes CEO14
- Apr 22, 2014New chief executive Michael Rapport becomes CEO15
Calendar
When it reported results
- May 21, 2026Reported quarterly or annual results30
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
93 filings to the SEC since October 2021: 5 annual reports, 17 quarterly reports, 33 major events, 13 insider forms, 1 large holders, 24 other. The latest 20:
- Oct 8, 20268-K EDGAR
- Sep 17, 2026S-8 EDGAR
- Sep 14, 20268-K EDGAR
- Aug 19, 202610-Q EDGAR
- Aug 14, 2026NT 10-Q EDGAR
- Aug 14, 20268-K/A EDGAR
- Jul 13, 2026DEF 14C EDGAR
- Jul 10, 20268-K/A EDGAR
- Jul 1, 2026PRE 14C EDGAR
- Jun 12, 20268-K EDGAR
- Jun 5, 20268-K EDGAR
- Jun 5, 20264 EDGAR
- May 21, 20268-K EDGAR
- May 20, 202610-Q EDGAR
- May 15, 2026NT 10-Q EDGAR
- Apr 15, 202610-K EDGAR
- Mar 31, 2026NT 10-K EDGAR
- Feb 23, 20268-K EDGAR
- Dec 12, 20254 EDGAR
- Dec 8, 20254 EDGAR
The 93 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Carlos X. MontoyaSCHEDULE 13D, 1 filing Apr 14, 202536
SEC filer profile
How I-ON Digital Corp. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARI-ON Digital Corp.1
- CIK0001580490
- Employer ID (EIN)46-30313283
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company3
- Incorporated inDelaware3
- Fiscal year endsDecember 311
- Industry code (SIC)6199 Finance Services1
- SEC reviewing officeOffice of Crypto Assets, Division of Corporation Finance1
- Business address1244 N. Stone St., Unit #3, Chicago, IL 606101
- Phone866-440-22781
- Shares outstanding34,106,234 as of Aug 18, 202611
- Public float$23.3M as of Jun 28, 20253
- AuditorMac Accounting Group & CPAs, LLP, Midvale, Utah PCAOB ID 6258; no auditor attestation of internal control over financial reporting3
- On EDGAR sinceJul 3, 20131
- Filings238 in all: 8-K (62), 10-Q (39), 4 (20), NT 10-Q (16), 3 (14), 10-K (13), NT 10-K (10), CORRESP (7)1
All 32 form types
424B3 (6), UPLOAD (6), 10-Q/A (5), 8-K/A (4), S-4/A (4), SC TO-T/A (4), DEF 14C (3), PRE 14C (3), DEF 14A (2), EFFECT (2), S-1 (2), S-1/A (2), S-8 (2), SC 13D (2), 10-12G (1), 10-K/A (1), DEFM14A (1), PRE 14A (1), PREM14A (1), RW (1), S-4 (1), SC 13D/A (1), SC TO-T (1), SCHEDULE 13D (1)
- Latest filingsAnnual report (10-K) Apr 15, 2026
Quarterly report (10-Q) Aug 19, 2026
Proxy statement (DEF 14A) Jun 1, 2017
Latest 8-K (8-K) Oct 8, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, par value $0.0001 per share | IONI |
From the cover page of the 10-K filed Apr 15, 2026 (Section 12(b) of the Exchange Act).3
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 17SEC EDGAREvan Rapport, Vice President
- 18SEC EDGARBrad Mitchell Hoffman, Board member
- 19SEC EDGARStephen C. Aust, Board member
- 20SEC EDGARJohn Jubilee, Board member
- 21SEC EDGARJoseph Alvin Ryan, Board member
- 22SEC EDGARMark Lamb, Board member
- 23SEC EDGARRoy Layne Roberson, Board member
- 24SEC EDGARExecutive or director change
- 25SEC EDGARExecutive or director change
- 26SEC EDGARExecutive or director change
- 27SEC EDGARExecutive or director change
- 28SEC EDGARExecutive or director change
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- 30SEC EDGARResults of operations
- 31
- 32SEC EDGAROther events
- 33SEC EDGAROther events
- 34SEC EDGARExecutive or director change
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