secwatch.observer — SEC 8-K summary
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Issuer:     I-ON Digital Corp. (IONI)
CIK:        0001580490
Form:       8-K
Filed at:   2026-05-21T20:05:37+00:00
Accession:  0001493152-26-024814
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

I-ON Digital Q1 net profit $4.2M on $4.1M digital-asset gain; debt eliminated
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- Net income $4.2M vs. revenue $301,711 (subs $27K, yield $275K); diluted EPS $0.04.
- Operating loss $116,429; gain on sale/exchange of digital assets $4.1M drove profitability.
- Loans payable and accrued interest reduced to zero (from $550K and $781K at year-end).
- Stockholders' equity $18.41M, up $4.1M; total assets $22.92M; cash $193K.
- Expanded gold-backed tokenization ecosystem; ION.au units used to settle $1.33M in bridge loans.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1580490/000149315226024814/0001493152-26-024814-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1580490/000149315226024814/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-024814

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer