Formation quarter. No formal revenue. All inflows are member contributions. All outflows are reimbursements and vendor payments. The entity was filed on February 6, 2026.
The same Safe address is deployed across Ethereum mainnet and Optimism. Balances tracked and reconciled independently per chain.
| Asset | Chain | Balance | Notes |
|---|---|---|---|
| USDC | Ethereum | $5,647.17 | L1 settlement |
| USDC | Optimism | $3,058.41 | Primary operating |
| DAI | Optimism | $1,000.00 | Stablecoin reserve |
| ETH | Optimism | ~$47 | Gas reserve (0.022 ETH) |
| Checking | Mercury | $0.00 | Fiat, newly opened |
| Total Liquid | ~$9,753 | ||
Safe address: 0xA594...b7782 — deployed on Ethereum mainnet and Optimism. Balances queried from Safe Transaction Service API at time of seal. Xero book balance ($15,943.02) includes historical accruals — see Reconciliation section.
| Class | Amount | Terms | Status |
|---|---|---|---|
| Class 4 Investor A | $50,000 | Return TBD by FSC | Committed |
| Class 4 Investor B | $50,000 | Return TBD by FSC | Committed |
| Total Committed | $100,000 | Immediate use: physical space lease | |
| Source | Q1 Amount | Transactions | Settlement |
|---|---|---|---|
| Optimism USDC (Safe) | $2,775.00 | 12 | Onchain |
| Ethereum L1 | $3,400.00 | 3 | Onchain |
| Splits (Optimism) | $500.00 | 2 | Onchain |
| Manual adjustment | $7.55 | 1 | Book entry |
| Total Received | $6,682.55 | 18 |
| Date | Description | Chain | Amount | Ref |
|---|---|---|---|---|
| Feb 10 | Reimbursement -- facility supplies | OP | -$316.09 | nonce #20 |
| Feb 11 | Vendor invoice payment | OP | -$2,770.72 | nonce #21 |
| Mar 27 | Organizer reimbursement (Oct -- Mar) | OP | -$2,063.00 | nonce #22 |
| Mar 31 | L1 disbursement | ETH | -$2,002.84 | 0xc996... |
| Total Disbursed | -$7,152.65 | |||
| Total received (all chains) | +$6,682.55 |
| Total disbursed (Optimism) | -$5,149.81 |
| Total disbursed (Ethereum L1) | -$2,002.84 |
| Net Q1 flow | -$470.10 |
Forward projections removed pending third floor lease acquisition (targeted June 2026). Pro forma will be rebuilt once lease terms are finalized.
Two data sources were reconciled: the Xero accounting system (book values, all chains) and the Safe multisig across Ethereum mainnet and Optimism. With multi-chain tracking, the reconciliation gap narrowed by $5,945.
| Measure | Xero Book | Onchain (All Chains) | Delta |
|---|---|---|---|
| Balance at Q1 end | $15,943.02 | $9,752.75 | -$6,190.27 |
| Prior (Optimism only) | $15,943.02 | $3,808.41 | -$12,134.61 |
The $6,190 gap (reduced from $12,135) represents: (1) Xero includes Splits-protocol flows not held in either Safe, (2) four Q1 disbursements remain "Unreconciled" in Xero, (3) historical accrual differences and rate conversions. Multi-chain tracking closed $5,945 of the prior gap by including Ethereum mainnet USDC.
| Month | Xero Book | Safe (OP) | Safe (L1) | Total Onchain | Diff |
|---|---|---|---|---|---|
| January | $2,730.00 | $1,030.00 | $1,700.00 | $2,730.00 | $0 |
| February | $2,799.53 | $1,155.00 | $850.00 | $2,005.00 | $795 |
| March | $1,297.55 | $590.00 | $850.00 | $1,440.00 | -$142 |
January reconciles exactly with multi-chain data. February gap ($795) likely Splits-protocol flows. March onchain exceeds Xero — timing difference in L1 recording.
Every financial transaction is hashed into a merkle tree. The tree provides verifiable integrity: anyone with the source data can confirm that no transaction has been altered after the quarterly seal. Q1 2026 is the genesis -- future quarters chain against this root.
The v2 merkle tree covers both Ethereum mainnet and Optimism transactions — inflows and outflows. 21 leaves across both chains. Future iterations will incorporate Splits-protocol flows and Xero book entries, completing the triple-entry accounting chain (book + onchain + merkle proof).
Q1 was the seed quarter. Q2 is when it has to grow.