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Loan Portfolio Indemnification Obligations (Tables) | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2026 | Dec. 31, 2025
Loan Portfolio Indemnification Obligations |  |
Schedule of Balance Sheet Impact |  | The following table summarizes the October 1, 2025, inception date, consolidated balance sheet impact of ASC 460 and ASC 326. Schedule of Balance Sheet Impact
|  | ASC 460 |  |  | ASC 326 |  |  | Total |
Contract asset |  | $ | 2,135,000 |  |  | $ | 1,091,772 |  |  | $ | 3,226,772 |
Financial indemnification liability |  |  | - |  |  |  | 1,091,772 |  |  |  | 1,091,772 |
Stand-ready guarantee liability |  | $ | 2,135,000 |  |  | $ | - |  |  | $ | 2,135,000 |
Schedule of Significant Unobservable Input | Schedule of Significant Unobservable Input
Significant Unobservable Input |  | March 31, 2026 |  |  | December 31, 2025 |
Pooled Probability of Default or PD (Ratings 2-5) |  |  | 7.25 | % |  |  | 7.25 | %
Pooled Loss Given Default or LGD (inclusive of 17.5% and 16.6% cannabis qualitative premium as of March 31, 2026 and December 31, 2025, respectively) |  |  | 35 | % |  |  | 35 | %
Tranche C PD (Rating 9, individually evaluated) |  |  | 35 | % |  |  | 35 | %
Tranche C LGD on uncollateralized gap |  |  | 50 | % |  |  | 50 | %
Stand-ready risk premium loading |  |  | 120% of expected loss |  |  |  | 120% of expected loss |
Discount rate |  |  | 4.35 | % |  |  | 4.0 | %
Weighted average pay out year - Tranche A |  |  | 3.8 years |  |  |  | 4 years |
Weighted average pay out year - Tranche B |  |  | 2.8 years |  |  |  | 3 years |
Weighted average pay out year - Tranche C |  |  | 1.8 years |  |  |  | 2 years |
Weighted average pay out year - Stand Ready Premium |  |  | 2.8 years |  |  |  | 3 years |
| Schedule of Significant Unobservable Input
Significant Unobservable Input |  | Value |
Pooled Probability of Default or PD (Ratings 2-5) |  |  | 7.25 | %
Pooled Loss Given Default or LGD (inclusive of 13% cannabis qualitative premium) |  |  | 35 | %
Tranche C PD (Rating 9, individually evaluated) |  |  | 35 | %
Tranche C LGD on uncollateralized gap |  |  | 50 | %
Stand-ready risk premium loading |  |  | 120% of expected loss |
Discount rate |  |  | 4.0 | %
Weighted average pay out year - Tranche A |  |  | 4 years |
Weighted average pay out year - Tranche B |  |  | 3 years |
Weighted average pay out year - Tranche C |  |  | 2 years |
Weighted average pay out year - Stand Ready Premium |  |  | 3 years |
Schedule of Expected Credit Loss Liability | The expected credit loss liability as of March 31, 2026 is as follows: Schedule of Expected Credit Loss Liability
Tranche |  | Ratings |  |  | Loan Balance |  |  | Loss Method |  | Reserve |
Tranche A - Pass Rated |  |  | 2-5 |  |  | $ | 35,376,181 |  |  | Pooled; rates 0.5%-1.8% |  | $ | 404,218 |
Tranche B - Elevated Risk |  |  | 6-8 |  |  |  | 6,803,605 |  |  | Pooled; rates 3.2%-4.4% |  |  | 164,493 |
Tranche C - Specific Risk |  |  | 9 |  |  |  | 9,346,394 |  |  | Individual evaluation |  |  | 389,402 |
Total |  |  |  |  |  | $ | 51,526,180 |  |  |  |  | $ | 958,113 |
The expected credit loss liability as of December 31 2025 is as follows:
Tranche |  | Ratings |  |  | Loan Balance |  |  | Loss Method |  | Reserve |
Tranche A - Pass Rated |  |  | 2-5 |  |  | $ | 35,544,024 |  |  | Pooled; rates 0.5%-1.8% |  | $ | 406,066 |
Tranche B - Elevated Risk |  |  | 6-8 |  |  |  | 7,168,435 |  |  | Pooled; rates 3.2%-9.2% |  |  | 296,304 |
Tranche C - Specific Risk |  |  | 9 |  |  |  | 9,346,394 |  |  | Individual evaluation |  |  | 389,402 |
Total |  |  |  |  |  | $ | 52,058,853 |  |  |  |  | $ | 1,091,772 |
| The indemnified portfolio is segmented into three tranches. Loans rated 9 or 10 are individually evaluated rather than included in the pooled analysis: Schedule of Expected Credit Loss Liability
Tranche |  | Ratings |  | Loan Balance |  |  | Loss Method |  | Reserve |
Tranche A - Pass Rated |  | 2-5 |  | $ | 35,544,024 |  |  | Pooled; rates 0.453%-1.81% |  | $ | 406,066 |
Tranche B - Elevated Risk |  | 6-8 |  |  | 7,168,435 |  |  | Pooled; rates 3.17%-9.21% |  |  | 296,304 |
Tranche C - Specific Risk |  | 9 |  |  | 9,346,394 |  |  | Individual evaluation |  |  | 389,402 |
Total |  |  |  | $ | 52,058,853 |  |  |  |  | $ | 1,091,772 |
Schedule of Contract Asset | The following table summarizes the change of the contract asset for the three months ended March 31, 2026: Schedule of Contract Asset
|  | ASC460 |  |  | ASC 326 |  |  | Total |
|  | Stand-ready guarantee liability |  |  | Financial indemnification liability |  |  | Total |
Beginning, December 31, 2025 |  | $ | 2,049,599 |  |  | $ | 1,048,101 |  |  | $ | 3,097,700 |
Amortization |  |  | (85,401 | ) |  |  | (43,671 | ) |  |  | (129,072 | )
Balance, March 31, 2026 |  |  | 1,964,198 |  |  |  | 1,004,430 |  |  |  | 2,968,628 |
Less: current portion |  |  | (341,600 | ) |  |  | (174,683 | ) |  |  | (516,283 | )
Total non-current portion |  | $ | 1,622,598 |  |  | $ | 829,747 |  |  | $ | 2,452,345 |
The following table summarizes the changes of the contract asset for the year ended December 31, 2025:
|  | Stand-ready guarantee liability |  |  | Financial indemnification liability |  |  | Total |
Balance, December 31, 2024 |  | $ | - |  |  | $ | - |  |  | $ | - |
Initial recognition as per Second Amended CAA |  |  | 2,135,000 |  |  |  | 1,091,772 |  |  |  | 3,226,772 |
Amortization |  |  | (85,401 | ) |  |  | (43,671 | ) |  |  | (129,072 | )
Balance, December 31, 2025 |  |  | 2,049,599 |  |  |  | 1,048,101 |  |  |  | 3,097,700 |
Less: current portion |  |  | (341,600 | ) |  |  | (174,683 | ) |  |  | (516,283 | )
Total non-current portion |  | $ | 1,707,999 |  |  | $ | 873,418 |  |  | $ | 2,581,417 |
| The following table summarizes the changes of the contract asset for the year ended December 31, 2025 and December 31, 2024: Schedule of Contract Asset
|  | For the Year Ended December 31, 2025 |  |  | For the Year Ended December 31, 2024 |
|  | ASC460 |  |  | ASC 326 |  |  | Total |  |  | ASC 460 |  |  | ASC 326 |  |  | Total |
Beginning balance |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Initial recognition as per Second Amended CAA |  |  | 2,135,000 |  |  |  | 1,091,772 |  |  |  | 3,226,772 |  |  |  | - |  |  |  | - |  |  |  | - |
Amortization |  |  | (85,401 | ) |  |  | (43,671 | ) |  |  | (129,072 | ) |  |  | - |  |  |  | - |  |  |  | - |
Ending balance |  |  | 2,049,599 |  |  |  | 1,048,101 |  |  |  | 3,097,700 |  |  |  | - |  |  |  | - |  |  |  | - |
Less: current portion |  |  | (341,600 | ) |  |  | (174,683 | ) |  |  | (516,283 | ) |  |  | - |  |  |  | - |  |  |  | - |
Total non-current portion |  | $ | 1,707,999 |  |  | $ | 873,418 |  |  | $ | 2,581,417 |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Summary of Movement of Liabilities | The following table summarizes the changes of the liabilities for the three months ended March 31, 2026. Summary of Movement of Liabilities
|  | Stand-ready guarantee liability |  |  | Financial indemnification liability |  |  | Total |
Balance, December 31, 2025 |  | $ | 1,957,083 |  |  | $ | 1,091,772 |  |  | $ | 3,048,855 |
Benefit |  |  | (182,917 | ) |  |  | (133,659 | ) |  |  | (316,576 | )
Balance, March 31, 2026 |  |  | 1,774,166 |  |  |  | 958,113 |  |  |  | 2,732,279 |
Less: current portion |  |  | (709,667 | ) |  |  | (414,868 | ) |  |  | (1,124,535 | )
Total non-current portion |  | $ | 1,064,499 |  |  | $ | 543,245 |  |  | $ | 1,607,744 |
|  | Stand-ready guarantee liability |  |  | Financial indemnification liability |  |  | Total |
Balance, December 31, 2024 |  | $ | - |  |  | $ | - |  |  | $ | - |
Initial recognition as per Second Amended CAA |  |  | 2,135,000 |  |  |  | 1,091,772 |  |  |  | 3,226,772 |
Benefit |  |  | (177,917 | ) |  |  | - |  |  |  | (177,917 | )
Balance, December 31, 2025 |  |  | 1,957,083 |  |  |  | 1,091,772 |  |  |  | 3,048,855 |
Less: current portion |  |  | (711,667 | ) |  |  | (433,968 | ) |  |  | (1,145,635 | )
Total non-current portion |  | $ | 1,245,416 |  |  | $ | 657,804 |  |  | $ | 1,903,220 |
| The following table summarizes the changes of the liabilities for the year ended December 31, 2025 and December 31, 2024: Summary of Movement of Liabilities
|  | ASC460 |  |  | ASC 326 |  |  | Total |  |  | ASC 460 |  |  | ASC 326 |  |  | Total |
|  | For the Year Ended December 31, 2025 |  |  | For the Year Ended December 31, 2024 |
|  | ASC460 |  |  | ASC 326 |  |  | Total |  |  | ASC 460 |  |  | ASC 326 |  |  | Total |
Beginning balance |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 1,393,131 |  |  | $ | 1,393,131 |
Initial recognition as per Second Amended CAA |  |  | 2,135,000 |  |  |  | 1,091,772 |  |  |  | 3,226,772 |  |  |  | - |  |  |  | - |  |  |  | - |
Benefit |  |  | (177,917 | ) |  |  | - |  |  |  | (177,917 | ) |  |  | - |  |  |  | (1,393,131 | ) |  |  | (1,393,131 | )
Ending balance |  |  | 1,957,083 |  |  |  | 1,091,772 |  |  |  | 3,048,855 |  |  |  | - |  |  |  | - |  |  |  | - |
Less: current portion |  |  | (711,667 | ) |  |  | (433,968 | ) |  |  | (1,145,635 | ) |  |  | - |  |  |  | - |  |  |  | - |
Total non-current portion |  | $ | 1,245,416 |  |  | $ | 657,804 |  |  | $ | 1,903,220 |  |  | $ | - |  |  | $ | - |  |  | $ | - |

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