2026-07-07T06:40:50-07:00 2025-12-31 883182086 Vertices Company Inc 2256 NW 164th St Edmond OK 73013 990 2025-01-01 991129959 Hairdao Association HAIR 9172046427 92 Laight St 10B New York NY 10013 Andrew Bakst President 2026-07-07 true Debra Ropp P02054751 4057570940 2025 2025-03-06 01:10:19Z 92 Laight St 10B New York NY 10013 2125151 false X hairdao.xyz X 2023 NY HairDAO is an open-source R&D network where patients and researchers collaborate to develop revolutionary new treatments for hair loss. 3 0 0 0 9831 1635052 0 728594 18776 0 738425 1653828 0 0 69260 0 0 0 1450612 1334718 1519872 1334718 -781447 319110 2551013 3781882 503904 1237845 2047109 2544037 HairDAO is an open-source R&D network where patients and researchers collaborate to develop revolutionary new treatments for hair loss. false false 1334718 1556317 Beneficial research has been conducted at the University of Miami, Imperial College London, University of Brasilia, and Monasterium Laboratory to develop new treatments for androgenetic alopecia. 1334718 false true false false false false false false false true false false true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false true false false true 0 0 false 0 true true false false false true true false false false false false false X 3 0 true false false false true true true true true false false true false true true true true false X Andrew Verbinnen 6467616452 7750 Okeechobee Blvd West Palm Beach FL 33411 X Andrew Verbinnen Treasurer 0.00 0.00 X X 0 0 0 Andrew Bakst President 0.00 0.00 X X 0 0 0 Aonia Traxler Secretary 0.00 0.00 X 0 0 0 0 false false false 0 1635052 1635052 0 0 0 0 0 490099 471323 18776 18776 18776 0 0 0 0 1653828 18776 0 0 0 0 0 0 0 0 0 0 0 600 600 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 65922 65922 0 Hair Inc pass-through 791850 791850 Compensation and grants paid 280073 280073 Direct crypto pymt (multisig) 190862 190862 Rain CC 5411 5411 0 1334718 1334718 0 0 0 0 0 0 0 0 0 0 0 126773 65922 60851 0 0 0 0 2551013 3721031 2551013 3781882 503904 1237845 503904 1237845 X 2047109 2544037 2047109 2544037 2551013 3781882 319110 177818 X false false false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 126773 65922 60851 60851 Digital Assets 3721031 USDC 3721031 Aave USDC Loan 977893 Intercompany - Hair Inc 49390 Morpho USDC Loan 210562 1237845 Form 990, Part VI, Section A, Line 2 The directors of the organization serve as officers in a related corporation. All agreements and contracts executed between the two entities are done at Arm's length, negotiated to fair market value, and subject to the unilateral approval of the organizations's voting members. Form 990, Part VI, Section A, Line 6 All the DAO's governing members shall have their membership and related rights detemined upon receipt of voting tokens or similar units secured on Ethereum or as otherwise adopted by the members. Members' rights and responsibilities are controlled by the use of the Designated Smart Contract used to conduct the governance and activities of the DAO. Members will cast votes and carry out the decisions made on the Designated Smart Contract. Form 990, Part VI, Section A, Line 7a Once the DAO admission requirements are met a prospective Member may be put up to a vote of the full membership or similar process enabled by the Designated Smart Contract. The DAO will consistently review, and if necessary, Members may make adjustments to the DAO admission requirements based on their evolving needs and as registered by Cryptographic Consensus. Form 990, Part VI, Section A, Line 7b The members shall utilize the Designated Smart Contract as the exclusive method of holding and allocation rights and obligations among the Members, and spending, or otherwise distributing any tokens that are DAO property, of minting and issuing DAO membership Tokens and holding and recording votes among the Members. All powers to be exercised on behalf of the DAO shall be exercised by or under the authority of Members (or such agents or designees approved by Members) as approved through Cryptographic Consensus. Form 990, Part VI, Section B, Line 11b The Prepared 990 tax form was presented to the DAO and reviewed by its directors and approved for filing by the DAO's members. Form 990, Part VI, Section B, Line 12c A conflict of interest arises when a person in a position of authority over the organization may benefit personally, directly or indirectly, from a transaction or arrangement involving the organization. Any actual or potential conflict must be disclosed to the board. The interested person may present information but must abstain from voting or influencing the decision. Transactions must be at arm's length and for fair market value. All disclosures and decisions are to be recorded in board minutes. All directors, officers, and key employees must annually sign a statement affirming they: Have read and understand this policy; Will disclose conflicts; and understand the organization must operate for its exempt purposes. Form 990, Part VI, Section B, Line 15a No part of the net assets or earnings of the DAO shall inure to the benefit of or be distributable to its Directors, Officers, or other private persons, except that the Association shall be authorized and empowered to pay reasonable compensation for services rendered and to make payments and distributions in furtherance of the exempt purposes. Basis for such decisions is documented in the minutes and compared with comparable market data for similar organizations and roles. Form 990, Part VI, Section B, Line 15b No part of the net assets or earnings of the DAO shall inure to the benefit of or be distributable to its Directors, Officers, or other private persons, except that the Association shall be authorized and empowered to pay reasonable compensation for services rendered and to make payments and distributions in furtherance of the exempt purposes. Basis for such decisions is documented in the minutes and compared with comparable market data for similar organizations and roles. Form 990, Part VI, Section C, Line 19 Governing documents of the DAO, including its Articles of Incorporation and bylaws, are available to the public upon request. Requests can be made by contacting the organization via email at verbinnen@hairdao.xyz. Part XI, Line 9 Other Changes in Net Assets During 2025, the Association distributed HAIR governance tokens with an aggregate fair market value of approximately $280,073 as compensation to vesting claimants and operational contributors. The Association's HAIR treasury tokens are self-issued and carried at zero cost basis. Compensation expense of $280,073 is recognized on Part IX Statement of Functional Expenses at fair market value on the distribution date. Because the balance sheet does not carry a corresponding reduction against the treasury asset, the mechanical offset flows through Part XI Line 9 as Other Changes in Net Assets. This preserves the internal tie between Part X and Part IX and reflects the equity-like character of self-issued governance tokens. The Line 9 amount also includes minor balance sheet movements (approximately $4,658) that are not captured directly on the P&L, including unrealized changes in Aave and Morpho collateral quantities from protocol rebasing during 2025. Anagen LLC 92 Laight St Apt 10B New York NY 10013 993273293 consumer products and research DE N/A false true 0.99990 Hair Inc 92 Laight St Apt 10B New York NY 10013 932218891 Research and Consulting NY NA C Corp false true false false false false false false false false false false true false false false false false false false