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NOTE 1 - Organization, Nature of Business and Basis of Presentation CXApp Inc. and its subsidiaries (“CXApp” or the “Company”) is in the business of delivering intelligent enterprise workplace experiences. The CXApp SaaS platform is anchored on the intersection of customer experience (CX) and artificial intelligence (AI) providing digital transformation for the physical workplace for enhanced experiences across people, places and things. The CXApp SaaS platform offers a suite of leading-edge technology workplace experience solutions including an enterprise employee application, indoor mapping, on-device positioning, augmented reality technologies, generative AI applications and an AI-based analytics platform, targeting the emerging hybrid workplace market. CXApp creates a connected workplace by reducing app overload, data fragmentation, and complex workflows and streamlines all capabilities through The Workplace SuperApp. All features, services and integrations are housed in one easy-to-access platform allowing businesses to deliver a more holistic employee experience in a hybrid workplace. On June 3, 2026, the Company, through its subsidiary CXAI Australia Pty Ltd, acquired 100% of the outstanding equity interests of Virtus Digital Marketing Pty Ltd, doing business as EngineRoom (“EngineRoom”). EngineRoom provides managed advertising and growth marketing advisory services. Its results of operations have been included in the Company’s unaudited condensed consolidated financial statements from the acquisition date. See Note 12, Business Combination.

NOTE 2 - Summary of Significant Accounting Policies Liquidity As of June 30, 2026, the Company had cash and cash equivalents of approximately $11,675 thousand and working capital of approximately $5,258 thousand. For the three and six months ended June 30, 2026, the Company incurred net losses of approximately $8,620 thousand and $12,623 thousand, respectively. During the six months ended June 30, 2026, the Company used approximately $4,455 4,455 thousand of cash for operating activities. The Company has historically incurred recurring losses and negative cash flows from operations. These conditions and events, considered in the aggregate, raised substantial doubt about the Company’s ability to continue as a going concern. Management evaluated plans intended to address these conditions, including reductions in discretionary expenditures, vendor and professional-fee reductions, hiring controls, active accounts-receivable management and available financing arrangements. Certain of the Company’s financing sources are dependent on market conditions, including the Company’s stock price, trading volume, registration effectiveness and compliance with contractual conditions. Accordingly, the contractual capacity of those arrangements may differ from the amount practically available to the Company. Based on the Company’s cash on hand, forecast cash collections, planned operating expenditures and management’s plans that were considered probable of implementation and effective mitigation, management concluded that its plans alleviate the substantial doubt for at least one year from the date these unaudited condensed consolidated financial statements are issued. On March 27, 2026, the Company entered into a Securities Purchase Agreement (“SPA”) with Avondale Capital, LLC, (“Avondale”) under which the Company may issue and sell one or more Pre-Paid Purchase Agreements for up to an aggregate of $40,000 thousand in exchange for shares of its common stock. The initial Pre-Paid Purchase, in the principal amount of $<span id="xdx_908_eus-gaap--DebtInstrumentFaceAmount_iI_pn3n3_c20260327__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLCMember__us-gaap--LongtermDebtTypeAxis__custom--PurchaseMember_zvGRmjyTT8Uh" title="Principal amount">1,050 thousand, closed on March 27, 2026, the Company received net proceeds of approximately $<span id="xdx_90B_eus-gaap--ProceedsFromDebtNetOfIssuanceCosts_pn3n3_c20260301__20260327__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLCMember__us-gaap--LongtermDebtTypeAxis__custom--PurchaseMember_zLfN9pGM2Kul" title="Proceeds from convertible debt">990 thousand. A second tranche was received on May 26, 2026, with a principal amount of $<span id="xdx_90A_eus-gaap--DebtInstrumentFaceAmount_iI_pn3n3_c20260326__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__us-gaap--LongtermDebtTypeAxis__custom--SecondTrancheMember_zWogzhwWnUcb" title="Principal amount">5,250 thousand and net proceeds of approximately $<span id="xdx_907_eus-gaap--ProceedsFromDebtNetOfIssuanceCosts_pn3n3_c20260301__20260326__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__us-gaap--LongtermDebtTypeAxis__custom--SecondTrancheMember_zppMUmv6Quc1" title="Proceeds from convertible debt">5,000 thousand. As of June 30, 2026, approximately $33,700 thousand remained available under this agreement. On March 26, 2025, the Company entered into a SPA with Avondale Capital, LLC, under which the Company may issue and sell one or more Pre-Paid Purchase Agreements for up to an aggregate of $20,000 thousand in exchange for shares of its common stock. The initial Pre-Paid Purchase, in the principal amount of $<span id="xdx_906_eus-gaap--DebtInstrumentFaceAmount_iI_pn3n3_c20250326__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLCMember__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_z5V5MmLjffa6" title="Principal amount">4,200 thousand, closed on April 8, 2025, the Company received net proceeds of approximately $<span id="xdx_901_eus-gaap--ProceedsFromDebtNetOfIssuanceCosts_pn3n3_c20250301__20250326__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLCMember__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_zEZOp60BKAVa" title="Proceeds from convertible debt">3,990 thousand. A second tranche was received on August 7, 2025, with a principal amount of $<span id="xdx_90C_eus-gaap--DebtInstrumentFaceAmount_iI_pn3n3_c20250807__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLCMember__us-gaap--LongtermDebtTypeAxis__custom--Purchase2Member_zsNcgwm5z5zb" title="Principal amount">3,150 thousand and net proceeds of approximately $<span id="xdx_90B_eus-gaap--ProceedsFromDebtNetOfIssuanceCosts_pn3n3_c20250801__20250807__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLCMember__us-gaap--LongtermDebtTypeAxis__custom--Purchase2Member_zck6WgriFvVg" title="Proceeds from convertible debt">3,000 thousand. The third tranche of the SPA was issued on October 17, 2025 with the principal amount of $<span id="xdx_90C_eus-gaap--DebtInstrumentFaceAmount_iI_pn3n3_c20251017__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLCMember__us-gaap--LongtermDebtTypeAxis__custom--Purchase3Member_zyy0wVFs6PY7" title="Principal amount">5,250 thousand, of which, the Company received net proceeds of $<span id="xdx_906_eus-gaap--ProceedsFromDebtNetOfIssuanceCosts_pn3n3_c20251001__20251017__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLCMember__us-gaap--LongtermDebtTypeAxis__custom--Purchase3Member_zH379DU865b3" title="Proceeds from convertible debt">5,000 thousand. The fourth tranche of the SPA was issued on December 30, 2025 with the principal amount of $<span id="xdx_90F_eus-gaap--DebtInstrumentFaceAmount_iI_pn3n3_c20251230__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLCMember__us-gaap--LongtermDebtTypeAxis__custom--Purchase4Member_zusqbFqzpKe8" title="Principal amount">4,200 thousand, of which, the Company received net proceeds of $<span id="xdx_90A_eus-gaap--ProceedsFromDebtNetOfIssuanceCosts_pn3n3_c20251201__20251230__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLCMember__us-gaap--LongtermDebtTypeAxis__custom--Purchase4Member_z30F3VOAIE71" title="Proceeds from convertible debt">4,000 thousand. As of June 30, 2026, approximately $<span id="xdx_907_eus-gaap--ConvertibleDebt_iI_pn3n3_c20260630__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLCMember_zMYxc93kxG0e" title="Convertible debt">3,200 thousand remained available under this agreement. Additionally, under the SPA with Streeterville Capital, LLC, entered into on May 22, 2024, the Company had access to up to $10,000 thousand in funding. As of June 30, 2026 and December 31, 2025, the Company had $<span id="xdx_90B_eus-gaap--ConvertibleDebt_iI_pn3n3_c20260630__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--StreetervilleCapitalLLCMember_zOsGh19b82gd" title="Convertible debt"><span id="xdx_90C_eus-gaap--ConvertibleDebt_iI_pn3n3_c20251231__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--StreetervilleCapitalLLCMember_zdIOPmHnYEi9" title="Convertible debt">3,520 thousand in remaining available funding under this agreement. On August 11, 2025, the Company filed a shelf registration statement on Form S-3 with the Securities and Exchange Commission (“SEC”), authorizing the future offering and sale of up to $150,000 thousand of various securities. Concurrently, the Company filed a prospectus supplement allowing for the issuance of up to $7,959 thousand of common stock under this registration. This amount is included within the total aggregate offering authorized. The Company commenced sales of its common stock pursuant to the shelf registration. These sales were facilitated through a third-party arrangement with Maxim Group LLC, acting as the Company’s agent under an equity distribution agreement under its At-The-Market (“ATM”) offering program. During the six months ended June 30, 2026, the Company received $2,464 thousand and issued <span id="xdx_908_ecustom--CommonSharesIssuedInAtthemarketOfferingShares_pid_c20260101__20260630__us-gaap--StatementEquityComponentsAxis__custom--ClassACommonStockMember_z3EmM1sIWkIh" title="Common shares issued in the at-the-market offering, shares">7,995,651 shares of class A Common Stock, which are intended to be used for general working capital and other general corporate purposes. Although the Company has remaining capacity under its ATM program, the program represents a market-dependent source of financing, and the Company’s ability to generate additional liquidity through future ATM sales is subject to factors outside its control, including market conditions and trading activity. Accordingly, no assurance can be provided regarding the amount or timing of any future proceeds. Management’s assessment of the Company’s ability to continue as a going concern is based on its current cash position, expected operating cash requirements, and the availability of these financing sources. While access to certain capital sources is dependent on market conditions, including the Company’s stock price, trading volume, and continued effectiveness of its registration statement, management believes that its existing liquidity, combined with planned cost management initiatives and access to external capital, will be sufficient to fund operations and meet obligations as they come due for at least twelve months from the issuance date of these unaudited condensed consolidated financial statements. Use of Estimates The preparation of unaudited condensed consolidated financial statements in conformity with generally accepted accounting principles in the United States of America (“U.S. GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited condensed consolidated financial statements and the reported amounts of revenues and expenses during each of the reporting periods. Actual results could differ from those estimates. The Company’s significant estimates consist of: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.25in"> </td> <td style="width: 0.25in; text-align: left">●</td> <td style="text-align: justify">the valuation of stock-based compensation;</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.25in"> </td> <td style="width: 0.25in; text-align: left">●</td> <td style="text-align: justify">the valuation of warrant liabilities;</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.25in"> </td> <td style="width: 0.25in; text-align: left">●</td> <td style="text-align: justify">the allowance of credit losses;</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.25in"> </td> <td style="width: 0.25in; text-align: left">●</td> <td style="text-align: justify">the valuation of convertible debt;</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.25in"> </td> <td style="width: 0.25in; text-align: left">●</td> <td style="text-align: justify">the valuation of allowance for deferred tax assets;</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.25in"> </td> <td style="width: 0.25in; text-align: left">●</td> <td style="text-align: justify">the determination of the incremental borrowing rate used to measure operating lease liabilities;</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.25in"> </td> <td style="width: 0.25in; text-align: left">●</td> <td style="text-align: justify">the preliminary purchase price allocation for the EngineRoom acquisition, including acquired intangibles and contingent consideration; and</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.25in"> </td> <td style="width: 0.25in; text-align: left">●</td> <td style="text-align: justify">impairment of long-lived assets and goodwill.</td> </tr> </table> Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting U.S. GAAP applicable to interim financial information and the rules and regulations of the SEC. Accordingly, these unaudited condensed consolidated financial statements do not include all information and disclosures required by U.S. GAAP for complete annual financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation of the interim periods presented have been included. Such adjustments consist of normal recurring adjustments. The operating results for the three and six months ended June 30, 2026 are not necessarily indicative of the results that may be expected for the year ending December 31, 2026 or any other interim period. The condensed consolidated balance sheet as of December 31, 2025 was derived from the Company’s audited consolidated financial statements as of that date. These unaudited condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and related notes included in its Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on March 30, 2026. Principles of Consolidation The unaudited condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, including CXAI Australia Pty Ltd and its wholly owned subsidiary Virtus Digital Marketing Pty Ltd from June 3, 2026. All intercompany balances have been eliminated in consolidation. Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash, cash equivalents, and accounts receivable. The Company’s cash is placed with high-credit-quality financial institutions, which periodically exceed federally insured limits. The Company’s cash equivalents are certificates of deposit held by a number of banks limited to $250 thousand per bank with a duration of 90 days or less. The Company has not realized any losses relating to its cash, cash equivalents, and accounts receivable. However, a material loss resulting from the failure of one or more financial institutions, or from a significant default in accounts receivable, could have a substantial adverse effect on the Company’s liquidity, financial position, and operating results. Given the concentration of these financial instruments, any unexpected credit event could impair the Company’s ability to meet its short-term obligations and fund ongoing operations. As of June 30, 2026, one customer accounted for approximately 30% of the Company’s consolidated gross accounts receivable. The concentration was attributable to accounts receivable associated with EngineRoom. Goodwill The Company tests goodwill for potential impairment at least annually, or more frequently if an event or other circumstance indicates that the Company may not be able to recover the carrying amount of the net assets of the reporting unit. The Company has identified one reporting unit for purposes of goodwill impairment testing based on its operating-segment structure and management’s assessment of the components that constitute businesses. In evaluating goodwill for impairment, the Company may assess qualitative factors to determine whether it is more likely than not (that is, a likelihood of more than 50%) that the fair value of a reporting unit is less than its carrying amount. If the Company bypasses the qualitative assessment, or if the Company concludes that it is more likely than not that the fair value of a reporting unit is less than its carrying value, then the Company performs a quantitative impairment test by comparing the fair value of a reporting unit with its carrying amount. The Company calculates the estimated fair value of a reporting unit using a weighting of the income and market approaches. For the income approach, the Company uses internally developed discounted cash flow models that include the following assumptions, among others: projections of revenues, expenses, and related cash flows based on assumed long-term growth rates and demand trends; expected future investments to grow new units; and estimated discount rates. For the market approach, the Company uses internal analyses based primarily on market comparable, including public company method, guideline transaction method, and market price method. During the quarter ended June 30, 2026, management evaluated the qualitative factors in (“ASC 350-20, Intangibles - Goodwill and Other - Goodwill.”) ASC 350-20-35-3C, including the Company’s market capitalization, stock-price performance, recurring operating losses, cash-flow trends, prior-period impairment, industry conditions and the EngineRoom acquisition. Based on the totality of the available evidence, management concluded that it was not more likely than not that the fair value of the reporting unit was less than its carrying amount. Accordingly, a quantitative interim goodwill impairment test was not required. Accordingly, no goodwill impairment charges were recorded for the six months ended June 30, 2026. The Company had completed both qualitative and quantitative goodwill impairment assessments as of December 31, 2025, and concluded that the carrying amount of goodwill exceeded its estimated fair value. Accordingly, the Company recognized a goodwill impairment charge of $2,148 thousand for the year ended December 31, 2025. As of June 30, 2026 and December 31, 2025, the Company’s goodwill balance was $7,681 thousand and $ 6,589 thousand. During the year ended December 31, 2025, the Company recorded a goodwill impairment charge as a result of its annual impairment assessment. Income Taxes The Company accounts for income taxes using the asset and liability method. Accordingly, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in the tax rate is recognized in income or expense in the period that the change is effective. Income tax benefits are recognized when it is probable that the deduction will be sustained. A valuation allowance is established when it is more likely than not that all or a portion of a deferred tax asset will either expire before the Company is able to realize the benefit, or that future deductibility is uncertain. Australian Research and Development Tax Incentive EngineRoom participates in the Australian Research and Development Tax Incentive program. The Company recognizes benefits relating to qualifying research and development expenditures when there is reasonable assurance that the income will be received, the relevant expenditure has been incurred and the consideration can be reliably measured. The ultimate amount of the benefit is subject to completion of the filing process and review by the applicable Australian authorities. Management has assessed the Company’s research and development activities and expenditures to determine which activities and expenditures are likely to be eligible under the tax incentive regime described above. At each period end management estimates the refundable tax offset available to the Company based on available information at the time. This estimate is also reviewed by external tax advisors on an annual basis. For the period ended June 30, 2026, the Company has recorded research and development tax incentive income of $ 92 thousand for the three and six months ended June 30, 2026, and reported under other income in the statements of operations and comprehensive loss. Comprehensive Loss and Foreign Currency Translation The Company reports comprehensive loss and its components in its unaudited condensed consolidated financial statements. Comprehensive loss consists of net loss and foreign currency translation adjustments, affecting stockholders’ equity that, under GAAP, are excluded from net loss. The functional currencies of the Company’s foreign subsidiaries include the Philippine peso, Canadian dollar and Australian dollar. Assets and liabilities of foreign operations are translated into U.S. dollars using period-end exchange rates, and revenues and expenses are translated using average exchange rates for the applicable periods. Gains or losses resulting from transactions denominated in foreign currencies are included in general and administrative expenses in the unaudited condensed consolidated statements of operations and comprehensive loss. The Company engages in foreign currency denominated transactions with customers that operate in functional currencies other than the U.S. dollar. The aggregate foreign currency net translation loss was approximately $137 thousand and $110 thousand for the three months and six months ended June 30, 2026, and the aggregate foreign currency net translation loss of approximately $301 thousand and $302 thousand for the three and six months ended June 30, 2025, respectively. Convertible Debt The Company issued convertible debt in the form of Pre-Paid Purchases during December 2024, March 2025 (Settled in April 2025), August 2025, October 2025, December 2025, March 2026 and May 2026 and evaluated such instruments to determine whether they contain features that qualify as embedded derivatives in accordance with ASC 815 “Derivatives and Hedging” (“ASC 815”). Embedded derivatives must be separately measured from the host contract if all the requirements for bifurcation are met. The assessment of the conditions surrounding the bifurcation of embedded derivatives depends on the nature of the host contract and the features of the derivatives. In accounting for the issuance of the convertible debt, the Company elected the fair value option under ASC 825 “Financial Instruments” (“ASC 825”). Under the fair value option election, the convertible debt is initially measured at its issuance date estimated fair value and subsequently remeasured at estimated fair value on a recurring basis. The estimated fair value adjustment is presented within change in fair value of derivative liability in the condensed consolidated statements of Operations and comprehensive loss. The Company classifies its convertible debt that are being valued under the fair value option election as Level 3 due to the lack of relevant observable market data over fair value inputs, such as the probability weighting of the various scenarios that can impact settlement of the arrangement. The Company recognized an unrealized loss on the changes in the estimated fair value of the convertible debt of approximately $4,479 thousand and $4,679 thousand, respectively, and $382 thousand and $500 thousand, respectively, for the three and six months ended June 30, 2026 and June 30, 2025, respectively. Debt Issuance Costs Under the fair value option election, costs directly associated with the borrowing are expensed as incurred. Note Conversion Convertible notes that are exchanged for equity pursuant to their original contractual terms are accounted for in accordance with ASC 470-20, Debt with Conversion and Other Options. Upon conversion, the carrying amount of the convertible debt is reclassified to equity. No gain or loss is recognized in earnings, as the conversion is executed under the original terms of the instrument. If the debt is settled under modified terms, the transaction is accounted for in accordance with ASC 470-50, “Debt - Modifications and Extinguishments” (“ASC 470-50”). In such cases, a gain or loss is recognized equal to the difference between the reacquisition price and the net carrying amount of the extinguished debt. Revenue Recognition The Company recognizes revenue, in accordance with ASC 606 “Revenue from Contracts with Customers” (“ASC 606”), when control is transferred of the promised products or services to its customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those products or services. The Company derives revenue from its software as a service for cloud-based software, as well as design, implementation and other professional services for work performed in conjunction with its cloud-based software. The Company enters into contracts with its customers whereby it grants a non-exclusive cloud-based license for the use of its proprietary software and for professional services. The contracts may also provide for on-going services for a specified price, which may include maintenance services, designated support, and enhancements, upgrades and improvements to the software, depending on the contract. Licenses for cloud software provide the customer with a right to use the software as it exists when made available to the customer. All software provides customers with the same functionality and differs mainly in the duration over which the customer benefits from the software. The standard introduces a five-step model for revenue recognition. The five steps are shown below: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.25in"> </td> <td style="width: 0.25in; text-align: left">1.</td> <td style="text-align: justify">Identify the contract with a customer;</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.25in"> </td> <td style="width: 0.25in; text-align: left">2.</td> <td style="text-align: justify">Identify the performance obligations in the contract;</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.25in"> </td> <td style="width: 0.25in; text-align: left">3.</td> <td style="text-align: justify">Determine the transaction price;</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.25in"> </td> <td style="width: 0.25in; text-align: left">4.</td> <td style="text-align: justify">Allocate the transaction price to performance obligations; and</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.25in"> </td> <td style="width: 0.25in; text-align: left">5.</td> <td style="text-align: justify">Recognize revenue when (or as) the entity satisfies a performance obligation</td> </tr> </table> License Subscription Revenue Recognition (Software As A Service) With respect to sales of the Company’s license agreements, customers generally pay fixed annual fees in advance in exchange for the Company’s software service provided via electronic means, which are generally recognized ratably over the license term. Some agreements allow the customer to terminate their subscription contracts before the end of the applicable term, and in such cases the customer is generally entitled to a refund pro-rata but only for the elapsed time remaining at the point of termination, which would approximate the deferred revenue at such time. The Company’s performance obligation is satisfied over time as the services are provided continuously throughout the service period. The Company recognizes revenue evenly over the service period using a time-based measure because the Company is providing continuous access to its service. The Company’s customers generally pay within 30 to 60 days from the receipt of a customer approved invoice. The timing of the Company’s revenue recognition related to the licensing revenue stream is dependent on whether the software licensing agreement entered into represents a service. Software that relies on an entity’s IP and is delivered only through a hosting arrangement, where the customer cannot take possession of the software, is a service. Customers may purchase perpetual licenses or subscribe to licenses, which provide customers with the same functionality and differ mainly in the duration over which the customer benefits from the software. Renewals or extensions of licenses are evaluated as distinct licenses and revenue attributed to the distinct service is not recognized until: (1) the entity provides the distinct license (or makes the license available) to the customer and (2) the customer is able to use and benefit from the distinct license. Renewal contracts are not combined with original contracts, and, as a result, the renewal right is evaluated in the same manner as all other additional rights granted after the initial contract. The revenue is not recognized until the customer can begin to use and benefit from the license, which is typically at the beginning of the license renewal period. The Company recognizes revenue resulting from renewal of licensed software over time. Professional Services Revenue Recognition The Company provides integration and software customization professional services to its customers. Professional services under milestone contracts are accounted for using the percentage of completion method. As soon as the outcome of a contract can be estimated reliably, contract revenue is recognized in the condensed consolidated statement of operations and comprehensive loss in proportion to the stage of completion of the contract. Contract costs are expensed as incurred. Contract costs include all amounts that relate directly to the specific contract, are attributable to contract activity, and are specifically chargeable to the customer under the terms of the contract. Professional services are also contracted on the fixed fee and in some cases on a time and materials basis. Fixed fees are paid monthly, in phases, or upon acceptance of deliverables. The Company’s time and materials contracts are paid weekly or monthly based on hours worked. Revenue on time and material contracts is recognized based on a fixed hourly rate as direct labor hours are expended. Materials, or other specified direct costs, are reimbursed as actual costs and may include markup. The Company has elected the practical expedient to recognize revenue for the right to invoice because the Company’s right to consideration corresponds directly with the value to the customer of the performance completed to date. For fixed fee contracts provided by in house personnel, the Company recognizes revenue evenly over the service period using a time-based measure because the Company is providing continuous service. Because the Company’s contracts have an expected duration of one year or less, the Company has elected the practical expedient in ASC 606-10-50-14(a) to not disclose information about its remaining performance obligations. Anticipated losses are recognized as soon as they become known. For the six months ended June 30, 2026 and June 30, 2025, the Company did not incur any such losses. These amounts are based on known and estimated factors. Hardware Revenue Recognition For sales of hardware, the Company’s performance obligation is fulfilled when the products are shipped to the customer, transferring title and ownership risks. Deliveries occur via drop-shipment by a third-party vendor and the Company leverages drop-ship arrangements with many of its vendors and suppliers to deliver products to customers without having to physically hold the inventory at its warehouse. The Company negotiates sale prices, pays suppliers directly, manages credit risk, and ensures product acceptability, acting as the principal in the transaction and recording revenue on a gross basis. Customers typically pay within 30 to 60 days of invoice receipt. The Company has elected the practical expedient to expense the costs of obtaining a contract when they are incurred because the amortization period of the asset that otherwise would have been recognized is less than a year. Managed Advertising, Growth Marketing Advisory and Subscription Services Revenue Recognition Following the acquisition of EngineRoom, the Company derives revenue from managed advertising services, and growth marketing advisory services. Managed advertising services primarily include performance and search marketing, customer engagement, communications and data services, campaign management and related digital marketing services. Growth marketing advisory services include website development and related advisory, network development, data-driven marketing insights and related consulting services. Subscription based revenue includes access to the EngineRoom platform and strategic advertising and access to search-engine optimization solutions. EngineRoom Platform generally represents an input used by the Company to deliver its services and is not a separately transferred software license. The Company evaluates the goods and services promised in each customer contract to determine whether they are distinct performance obligations. A service is accounted for as a separate performance obligation when the customer can benefit from the service on its own or together with other readily available resources and the service is separately identifiable from the other promises in the contract. Multiple services are combined into a single performance obligation when the Company provides a significant integration service or when the services are highly interdependent or interrelated and are not separately identifiable in the context of the contract. Accordingly, the determination of whether managed advertising, subscription and growth marketing advisory services represent separate performance obligations or a single combined performance obligation is based on the specific terms of each customer contract. Managed advertising, subscription and growth marketing advisory services generally represent a series of distinct services that are substantially the same and have the same pattern of transfer to the customer. Revenue from these services is recognized over time because the customer simultaneously receives and consumes the benefits as the Company performs. Fixed recurring fees are recognized ratably over the applicable service period when the services are provided evenly throughout that period. The Company uses an elapsed-time output method because the recurring services are transferred to the customer in a consistent pattern over the service period. Variable or activity-based consideration, including amounts related to advertising spend, campaign activity or other usage-based services, is recognized as the related activity is performed and the amount becomes known or determinable, to the extent it is probable that a significant reversal of cumulative revenue recognized will not occur. Website development, platform enhancements and similar project-based deliverables are not included within advisory services merely because they may be sold together with advisory or marketing services. The Company evaluates these deliverables separately to determine whether they are distinct performance obligations. Revenue is recognized over time when the applicable criteria for over-time recognition are met, primarily where the services performed create no alternative use to the Company and the Company has an enforceable right to payment for work completed to date. For managed advertising services, it is an integrated managed marketing campaign that combines campaign design, keyword and bid management, budget deployment, optimization, monitoring, reporting and third-party advertising inputs. The Company generally acts as principal when it controls that integrated service before transfer, is primarily responsible for fulfillment and the acceptability of the campaign, selects and directs the third-party providers, controls the media-buying process, contracts directly with the providers, remains obligated for provider costs regardless of customer collection, and has discretion in establishing the price charged to the customer. Therefore, the Company presents the customer billings, including advertising spend and other third-party inputs, as revenue on a gross basis. Contract Balances The timing of the Company’s revenue recognition may differ from the timing of invoicing to and payment by its customers. The Company records an unbilled receivable when revenue is recognized prior to invoicing and the Company has an unconditional right to payment. Alternatively, when invoicing a customer precedes the Company providing of the related services, the Company records deferred revenue until the performance obligations are satisfied. <table cellpadding="0" cellspacing="0" id="xdx_88B_ecustom--ScheduleOfContractBalancesTableTextBlock_pn3n3_zQEnKqe4Nved" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Summary of Significant Accounting Policies and Basis of Presentation (Details)"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td id="xdx_8BC_zAzxinIvA2qa" style="display: none; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Schedule of contract balance</td> <td style="padding-bottom: 1.25pt"> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td></tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid">Contract balance</td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">December 31, 2025</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">March 31, 2026</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">June 30, 2026</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Six-month movement</td> <td style="padding-bottom: 1pt"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1pt">Accounts receivable, net</td> <td style="width: 1%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; width: 9%; text-align: right">789</td> <td style="width: 1%; text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="width: 1%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; width: 9%; text-align: right">907</td> <td style="width: 1%; text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="width: 1%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; width: 9%; text-align: right">706</td> <td style="width: 1%; text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="width: 1%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; width: 9%; text-align: right">(<span id="xdx_902_eus-gaap--IncreaseDecreaseInAccountsReceivable_pn3n3_c20260101__20260630__srt--ProductOrServiceAxis__custom--ContractCalanceMember_zrCaCZuTA1z6" title="Increase decrease in accounts receivable">83</td> <td style="width: 1%; text-align: left; white-space: nowrap; padding-bottom: 1pt">)</td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Deferred revenue</td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">1,465</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">1,986</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">1,365</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">(100</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt">)</td> </tr> </table> The Company had deferred revenue of approximately $1,365 thousand and $1,465 thousand as of June 30, 2026 and December 31, 2025, respectively, related to customer invoices rendered in advance for software licenses and professional services provided by the Company’s technical staff. The Company expects to satisfy its remaining performance obligations for the deferred revenue associated with professional services, and recognize the deferred revenue related to licenses generally over the remaining contract term which is generally twelve months following the commencement of the license. The Company recognized revenue in the reporting periods of $445 thousand and $1,087 thousand, $787 thousand and $1,778 thousand, that was included in the contract liability balance at the beginning of the period, for the three and six months ended June 30, 2026 and June 30, 2025, respectively. Costs to Obtain a Contract The Company recognizes eligible sales commissions as an asset within prepaid expenses and other current assets as the commissions are an incremental cost of obtaining a contract with the customer and the Company expects to recover these costs. The capitalized costs are amortized over the expected contract term. The Company has elected the practical expedient to recognize incremental costs of obtaining a contract as an expense when incurred if the amortization period of the asset that otherwise would have been recognized is one year or less. Cost to Fulfill a Contract The Company incurs costs to fulfill their obligations under a contract once it has obtained the contract. These costs are generally not significant and are recorded to expense as incurred. Multiple Performance Obligations The Company enters into contracts with customers for its technology that include multiple performance obligations. Each distinct performance obligation was determined by whether the customer could benefit from the good or service on its own or together with readily available resources. The Company allocates revenue to each performance obligation based on its relative standalone selling price. The Company’s process for determining standalone selling price considers multiple factors including the Company’s internal pricing model and market trends that may vary depending upon the facts and circumstances related to each performance obligation. Sales and Use Taxes The Company presents transactional taxes such as sales and use tax collected from customers and remitted to government authorities on a net basis. Shipping and Handling Costs Shipping and handling costs are expensed as incurred as part of cost of revenues. These costs were deemed to be de minimis during each of the reporting periods. Business Combinations The Company accounts for business combinations under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC 805”) “Business Combinations” using the acquisition method of accounting, and accordingly, the assets and liabilities of the acquired business are recorded at their fair values at the date of acquisition. The excess of the purchase price over the estimated fair value is recorded as goodwill. All acquisition costs are expensed as incurred. Upon acquisition, the accounts and results of operations are included as of and subsequent to the acquisition date. Provisional amounts may be adjusted during the measurement period as additional information about facts and circumstances existing as of the acquisition date becomes available. Segments The Company identifies operating segments based on the components for which separate financial information is available and whose operating results are regularly reviewed by the chief operating decision maker. The Company’s Chief Executive Officer has been identified as its chief operating decision maker. The Company evaluates a reporting unit by first identifying its operating segments under Segment Reporting (“ASC 280”). The Company then evaluates each operating segment to determine if it includes one or more components that constitute a business. If there are components within an operating segment that meet the definition of a business, the Company evaluates those components to determine if they must be aggregated into one or more reporting units. If applicable, when determining if it is appropriate to aggregate different operating segments, the Company determines if the segments are economically similar and, if so, the operating segments are aggregated. The Company has one operating segment and reporting unit. The Company is organized and operated as one business. Management reviews its business as a single operating segment, using financial and other information rendered meaningful only by the fact that such information is presented and reviewed in the aggregate. Stock-based Compensation The Company measures the cost of employee and non-employee services received in exchange for an award of equity instruments based on the grant date fair value of the award. The Company has issued stock-based compensation awards in the form of options and restricted stock units. The grant date fair value is recognized over the requisite service period during which an employee and non-employee is required to provide service in exchange for the award. The grant date fair value of options is estimated using the Black-Scholes option pricing model based on the average of the high and low stock prices at the grant date for awards under the CXApp Inc. 2023 Equity Incentive Plan (the “Incentive Plan”). The risk-free interest rate assumptions were based upon the observed interest rates appropriate for the expected term of the equity instruments. The expected dividend yield is assumed to be zero as the Company has not paid any dividends since its inception and does not anticipate paying dividends in the foreseeable future. The Company uses the simplified method to estimate the expected term. For stock-based awards that contain a market condition, including vesting conditions based on the Company’s stock price or total stockholder return, the effect of the market condition is reflected in the grant-date fair value of the award. The grant-date fair value of such awards is estimated using an appropriate valuation technique, such as a Monte Carlo simulation model, that incorporates the probability of satisfying the market condition. Compensation expense for an award containing a market condition is recognized over the applicable requisite service period when the requisite service is rendered, regardless of whether the market condition is ultimately achieved. Compensation cost is not subsequently reversed solely because the market condition is not satisfied. The grant date fair value for restricted stock units is valued using the closing price of the Company’s common stock on the date of grant. The Company estimates forfeitures at the time of grant and revises these estimates in subsequent periods if actual forfeitures differ from those estimates. Earnings Per Share The Company computes basic and diluted earnings per share by dividing net income by the weighted average number of common shares outstanding during the periods. Diluted earnings per share are similarly calculated with the inclusion of dilutive common stock equivalents. For the six months ended June 30, 2026 and June 30, 2025, basic and dilutive net loss per common share were the same since the inclusion of common shares issuable pursuant to the exercise of options, warrants, and vesting of restricted units in the calculation of diluted net loss per common shares would have been anti-dilutive. The following table summarizes the number of common shares and common share equivalents excluded from the calculation of diluted net loss per common share for the six months ended June 30, 2026 and June 30, 2025. <table cellpadding="0" cellspacing="0" id="xdx_890_eus-gaap--ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock_pn3n3_z3LUejIwHU3h" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Summary of Significant Accounting Policies and Basis of Presentation (Details 2)"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td id="xdx_8B6_zcxdceQ8X4m8" style="display: none; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Schedule of anti-dilutive shares</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td></tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid">(in thousands)</td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Three Months Ended June 30, 2026</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Three Months Ended June 30, 2025</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Six Months Ended June 30, 2026</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Six Months Ended June 30, 2025</td> <td style="padding-bottom: 1pt"> </td> </tr> <tr style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Stock options</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right"><span id="xdx_90D_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_pid_c20260401__20260630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--StockOptionMember_za3Recr45wek" title="Total">3,681</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right"><span id="xdx_90B_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_pid_c20250401__20250630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--StockOptionMember_zNsTabp2yK4" title="Total">1,800</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right"><span id="xdx_905_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_pid_c20260101__20260630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--StockOptionMember_zp9Q9gweaoL9" title="Total">3,681</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right"><span id="xdx_900_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_pid_c20250101__20250630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--StockOptionMember_zBv0iXXWBj3d" title="Total">2,150</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Restricted stock units</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_902_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_pid_c20260401__20260630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--RestrictedStockUnitsRSUMember_zebX2jWOipB7" title="Total">3,088</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_900_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_pid_c20250401__20250630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--RestrictedStockUnitsRSUMember_zBInolIQzH6d" title="Total">677</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90E_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_pid_c20260101__20260630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--RestrictedStockUnitsRSUMember_zi25GownCSb6" title="Total">3,088</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_907_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_pid_c20250101__20250630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--RestrictedStockUnitsRSUMember_zGevztn0eL6l" title="Total">1,597</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Warrants</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90F_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_pid_c20260401__20260630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--WarrantMember_zHkRMs5Athyj" title="Total">21,032</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90B_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_pid_c20250401__20250630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--WarrantMember_zYGYaAGKgkYd" title="Total">21,032</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90D_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_pid_c20260101__20260630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--WarrantMember_zWON4K8epSlb" title="Total">21,032</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_900_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_pid_c20250101__20250630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--WarrantMember_zJp904Cxb1yd" title="Total">21,302</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1pt">Convertible debt</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_903_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_pid_c20260401__20260630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--ConvertibleDebtMember_z4s9NgJ2e6Nl" title="Total">43,731</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_90A_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_pid_c20250401__20250630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--ConvertibleDebtMember_z9ZpaMkGCZC7" title="Total">-</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_90C_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_pid_c20260101__20260630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--ConvertibleDebtMember_zoM2x6mjZTSg" title="Total">29,500</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_90D_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_pid_c20250101__20250630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--ConvertibleDebtMember_zVo5Uxg1OBkc" title="Total">-</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td></tr> <tr style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in; padding-bottom: 1.25pt">Total</td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; text-align: right">71,532</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; text-align: right">23,509</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; text-align: right">57,301</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; text-align: right">25,049</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> </table> Fair Value Measurements FASB ASC 820, “Fair Value Measurements” (“ASC 820”), provides guidance on the development and disclosure of fair value measurements. The Company follows this authoritative guidance for fair value measurements, which defines fair value, establishes a framework for measuring fair value under generally accepted accounting principles in the United States, and expands disclosures about fair value measurements. The guidance requires fair value measurements be classified and disclosed in one of the following three categories: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.25in"> </td> <td style="width: 0.25in; text-align: left">●</td> <td style="text-align: justify">Level 1: Quoted prices (unadjusted) in active markets that are accessible at the measurement date for identical assets or liabilities.</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.25in"> </td> <td style="width: 0.25in; text-align: left">●</td> <td style="text-align: justify">Level 2: Observable prices that are based on inputs not quoted on active markets but corroborated by market data.</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.25in"> </td> <td style="width: 0.25in; text-align: left">●</td> <td style="text-align: justify">Level 3: Unobservable inputs which are supported by little or no market activity and values determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant judgment or estimation.</td> </tr> </table> Fair value measurements discussed herein are based upon certain market assumptions and pertinent information available to management. The fair value of the warrants has been measured based on the listed market price of such warrants, a Level 1 measurement. The fair value of the private placement warrants is measured using the quoted market price of the public warrants as an observable input, a Level 2 measurement, because the private placement warrants are not actively traded and there are no observable market inputs specific to those warrants. The Company recognized in the condensed consolidated Statements of Operations and Comprehensive Loss, an unrealized loss on its warrant liabilities (comprising both public and private placement warrants) of $526 thousand and $148 thousand, respectively, for the three and six months ended June 30, 2026 and an unrealized gain of $1,262 thousand and $3,576 thousand, respectively, for the three and six months ended June 30, 2025 respectively. The following table presents information about the Company’s financial liabilities that were measured at fair value on a recurring basis as of June 30, 2026 and December 31, 2025, and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value. <table cellpadding="0" cellspacing="0" id="xdx_895_eus-gaap--ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_pn3n3_zXOMPJbR8jv6" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Summary of Significant Accounting Policies and Basis of Presentation (Details 3)"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td id="xdx_8B1_zYTXSvJ700da" style="display: none; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Schedule of financial liabilities measured at fair value</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td></tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">As of June 30, 2026</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Quoted price in Active Market (Level 1)</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Significant other observable input (Level 2)</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Significant other unobservable input (Level 3)</td> <td style="padding-bottom: 1pt"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Warrants</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">1,199</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_90D_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20260630__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_z1Xd1ytpqZgl" title="Financial liabilities">694</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_90D_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20260630__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zKpwlX4Kkeca" title="Financial liabilities">505</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_909_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20260630__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zNaR81sW6haa" title="Financial liabilities">-</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Convertible Note</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">- 2025 Avondale Prepaid Purchase #4</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_909_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20260630__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase4Member_zY2uYOyD53k" title="Financial liabilities">4,028</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90D_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20260630__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase4Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zsq47N6wvM1a" title="Financial liabilities">-</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_904_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20260630__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase4Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zRk43GzlSFFf" title="Financial liabilities">-</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_909_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20260630__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase4Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zMSv4WNPEzWf" title="Financial liabilities">4,028</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">- 2026 Avondale Prepaid Purchase #1</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90E_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20260630__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase1Member_zjVWdq5UXhbc" title="Financial liabilities">1,162</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_907_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20260630__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase1Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zwg7kH8Yo3La" title="Financial liabilities">-</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_902_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20260630__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase1Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zFPX3F2V5ts5" title="Financial liabilities">-</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_909_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20260630__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase1Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zOyHWRSRvWAc" title="Financial liabilities">1,162</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">- 2026 Avondale Prepaid Purchase #2</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_906_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20260630__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase2Member_zsM8f1C7Fwr4" title="Financial liabilities">4,872</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90E_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20260630__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase2Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zSoB5T9zN3Tk" title="Financial liabilities">-</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90B_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20260630__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase2Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zZyTrayi1w5a" title="Financial liabilities">-</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_909_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20260630__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase2Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_z6Vd3X9hmvJc" title="Financial liabilities">4,872</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <th style="text-align: center; vertical-align: top; padding-bottom: 1pt"> </th> <th style="text-align: center; padding-bottom: 1pt"> </th> <th colspan="2" style="border-bottom: Black 1pt solid; text-align: center">As of December 31, 2025</th> <th style="text-align: center; white-space: nowrap; padding-bottom: 1pt"> </th> <th style="text-align: center; padding-bottom: 1pt"> </th> <th colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Quoted price in Active Market (Level 1)</th> <th style="text-align: center; white-space: nowrap; padding-bottom: 1pt"> </th> <th style="text-align: center; padding-bottom: 1pt"> </th> <th colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Significant other observable input (Level 2)</th> <th style="text-align: center; white-space: nowrap; padding-bottom: 1pt"> </th> <th style="text-align: center; padding-bottom: 1pt"> </th> <th colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Significant other unobservable input (Level 3)</th> <th style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </th> </tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Warrants</td> <td style="width: 1%"> </td> <td style="text-align: left; width: 1%">$</td> <td style="text-align: right; width: 9%">1,051</td> <td style="text-align: left; white-space: nowrap; width: 1%"> </td> <td style="width: 1%"> </td> <td style="text-align: left; width: 1%">$</td> <td style="text-align: right; width: 9%"><span id="xdx_902_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20251231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zJOuss8MfPPh" title="Financial liabilities">1,051</td> <td style="text-align: left; white-space: nowrap; width: 1%"> </td> <td style="width: 1%"> </td> <td style="text-align: left; width: 1%">$</td> <td style="text-align: right; width: 9%"><span id="xdx_90C_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20251231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zw0q3PH54nwb" title="Financial liabilities">-</td> <td style="text-align: left; white-space: nowrap; width: 1%"> </td> <td style="width: 1%"> </td> <td style="text-align: left; width: 1%">$</td> <td style="text-align: right; width: 9%"><span id="xdx_908_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20251231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zPSEqnnuADZ" title="Financial liabilities">-</td> <td style="text-align: left; white-space: nowrap; width: 1%"> </td> </tr> <tr style="vertical-align: bottom; background-color: #FFFFFF"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Convertible Note</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">- 2025Avondale Prepaid Purchase #1</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90B_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20251231__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase1Member_zK8DskKj18Oj" title="Financial liabilities">1,231</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90A_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20251231__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase1Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zFTQ4AOKUqV6" title="Financial liabilities">-</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90A_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20251231__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase1Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zUiyMUPdnopa" title="Financial liabilities">-</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_903_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20251231__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase1Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zdnP130dcb98" title="Financial liabilities">1,231</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="vertical-align: bottom; background-color: #FFFFFF"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">- 2025 Avondale Prepaid Purchase #2</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_900_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20251231__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase2Member_zjSMI4M26Jgk" title="Financial liabilities">2,749</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_907_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20251231__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase2Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zV54zeHpSbad" title="Financial liabilities">-</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_900_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20251231__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase2Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zUvng2G3oCU9" title="Financial liabilities">-</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_900_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20251231__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase2Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zdrRStcysri8" title="Financial liabilities">2,749</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">- 2025 Avondale Prepaid Purchase #3</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90D_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20251231__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase3Member_z4LaHK5PYrX7" title="Financial liabilities">4,683</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">-</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">-</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90B_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20251231__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase3Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zSt3WStXqSg3" title="Financial liabilities">4,683</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="vertical-align: bottom; background-color: #FFFFFF"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">- 2025 Avondale Prepaid Purchase #4</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90D_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20251231__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase4Member_zmgfZnUHOC04" title="Financial liabilities">3,996</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90C_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20251231__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase4Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_z3U57pkvtxQc" title="Financial liabilities">-</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_905_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20251231__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase4Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zQuTApWyLUkj" title="Financial liabilities">-</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90B_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20251231__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase4Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_z2mZUgggny8" title="Financial liabilities">3,996</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> </table> The Company accounts for its public and private warrants as a derivative liability initially measured at its fair values and remeasured in the condensed consolidated statements of operations and comprehensive loss at the end of each reporting period. When the warrants are exercised, the corresponding derivative liability is de-recognized at the underlying fair value of the Class A common stock that is issued to the warrant holder less any cash paid in accordance with the warrant agreement. Upon either cash or cashless exercise, the de-recognized derivative liability results in an increase in additional paid in capital equal to the difference between the fair value of the underlying Class A common stock and its par value. A cashless exercise results in the warrant holder surrendering Class A common stock equal to the stated warrant exercise price based on the contractual terms in the warrant agreement that governs the cashless conversion. The following table shows the changes in fair value of the liabilities for the six months ended June 30, 2026 and June 30, 2025: <table cellpadding="0" cellspacing="0" id="xdx_898_eus-gaap--FairValueLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock_pn3n3_zLXl3sSqEKyb" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Summary of Significant Accounting Policies and Basis of Presentation (Details 4)"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td id="xdx_8B5_zVe4u0wk6C29" style="display: none; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Schedule of changes in fair value of the liabilities</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td></tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Warrant liability – January 1, 2026</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">1,051</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1pt">Change in fair value of derivative instruments</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(378</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt">)</td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Warrant liability – March 31, 2026</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">673</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1pt">Change in fair value of derivative instruments</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">526</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Warrant liability – June 30, 2026</td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">1,199</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Warrant liability – January 1, 2025</td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">5,048</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1pt">Change in fair value of derivative instruments</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(2,314</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt">)</td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Warrant liability – March 31, 2025</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">2,734</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1pt">Change in fair value of derivative instruments</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(1,262</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt">)</td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Warrant liability – June 30, 2025</td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">1,472</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> </table> The Company accounts for convertible debt under the fair value option election using Level 3 inputs. For the three and six months ended June 30, 2026 and June 30, 2025, the Company recognized an unrealized loss in the condensed consolidated Statements of Operations and Comprehensive Loss of $4,479 thousand and $4,679 thousand, respectively, and $382 thousand and $500 thousand, respectively, which are presented as a change in fair value of derivative liability. See additional details within Note 7, Convertible debt. The significant inputs in the valuation models for each of the three issuances were as follows: Avondale (2025) Pre-Paid Purchase #4 <table cellpadding="0" cellspacing="0" id="xdx_89F_eus-gaap--FairValueAssetsMeasuredOnNonrecurringBasisValuationTechniquesTextBlock_pn3n3_zgjbgqFGPuUd" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Summary of Significant Accounting Policies and Basis of Presentation (Details 5)"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td id="xdx_8BF_z8W45lhvwYK8" style="display: none; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Schedule of valuation models</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td></tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid">Inputs</td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">June 30, 2026</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">December 31, 2025</td> <td style="padding-bottom: 1pt"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; vertical-align: top">Valuation method</td> <td style="text-align: center"> </td> <td colspan="2" style="text-align: center">Scenario based analysis</td> <td style="text-align: center; white-space: nowrap"> </td> <td style="text-align: center"> </td> <td colspan="2" style="text-align: center">Scenario based analysis</td> <td style="text-align: center; white-space: nowrap"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Stock price</td> <td style="width: 1%"> </td> <td style="text-align: left; width: 1%">$</td> <td style="text-align: right; width: 9%"><span id="xdx_90F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice_iI_pid_c20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase4Member_zKOrKb53cJE7" title="Stock Price">0.18</td> <td style="text-align: left; white-space: nowrap; width: 1%"> </td> <td style="width: 1%"> </td> <td style="text-align: left; width: 1%">$</td> <td style="text-align: right; width: 9%"><span id="xdx_904_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice_iI_pid_c20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase4Member_zkJJvKEUgCue" title="Stock Price">0.33</td> <td style="text-align: left; white-space: nowrap; width: 1%"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Equity dividend yield</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_pid_dp_c20260101__20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase4Member_zUvEpQfwrfi9" title="Equity dividend yield">0.00</td> <td style="text-align: left; white-space: nowrap">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_pid_dp_c20250101__20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase4Member_zvCC8HhSfEZe" title="Equity dividend yield">0.00</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Expected term (years)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90C_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_dtY_c20260101__20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase4Member_zrWtoAmHIide" title="Expected term (years)">1.738</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90D_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_dtY_c20250101__20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase4Member_zPCpqOdEJQP2" title="Expected term (years)">2.32</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Volatility</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_901_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_pid_dp_c20260101__20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase4Member_zlb6C9PiVD32" title="Volatility">101.60</td> <td style="text-align: left; white-space: nowrap">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_900_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_pid_dp_c20250101__20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase4Member_zekzeUEu7K9i" title="Volatility">116.40</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Discount rate</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_907_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsDiscountForPostvestingRestrictions_pid_dp_c20260101__20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase4Member_zSI0KOX8KRIc" title="Discount rate">3.72</td> <td style="text-align: left; white-space: nowrap">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsDiscountForPostvestingRestrictions_pid_dp_c20250101__20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase4Member_zqZePcQvDBN1" title="Discount rate">3.59</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Risk free rate</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_908_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_pid_dp_c20260101__20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase4Member_z5nBXz3rJQC3" title="Risk free rate">4.06</td> <td style="text-align: left; white-space: nowrap">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_pid_dp_c20250101__20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase4Member_zLGO1xO550il" title="Risk free rate">3.46</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> </table> Avondale (2026) Pre-Paid Purchase #1 <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid">Inputs</td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">June 30, 2026</td> <td style="padding-bottom: 1pt"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Valuation method</td> <td> </td> <td colspan="2" style="vertical-align: bottom; text-align: center">Scenario based analysis</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Stock price</td> <td style="width: 1%"> </td> <td style="text-align: left; width: 1%">$</td> <td style="text-align: right; width: 9%"><span id="xdx_908_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice_iI_pid_c20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_znGscWohfeV" title="Stock Price">0.19</td> <td style="text-align: left; white-space: nowrap; width: 1%"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Equity dividend yield</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_905_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_pid_dp_c20260101__20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_zH7pKBJbsPOb" title="Equity dividend yield">0.00</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Expected term (years)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_907_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_dtY_c20260101__20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_zb7uFZgXZPZe" title="Expected term (years)">1.738</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Volatility</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_pid_dp_c20260101__20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_zCxoegr6lev9" title="Volatility">101.60</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Discount rate</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_901_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsDiscountForPostvestingRestrictions_pid_dp_c20260101__20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_z3lAWSILZ7J3" title="Discount rate">4.01</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Risk free rate</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_902_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_pid_dp_c20260101__20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_zsugtqStgaqe" title="Risk free rate">4.06</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> </table> Avondale (2026) Pre-Paid Purchase #2 <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid">Inputs</td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">June 30, 2026</td> <td style="padding-bottom: 1pt"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Valuation method</td> <td> </td> <td colspan="2" style="text-align: center">Scenario based analysis</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Stock price</td> <td style="width: 1%"> </td> <td style="text-align: left; width: 1%">$</td> <td style="text-align: right; width: 9%"><span id="xdx_905_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice_iI_pid_c20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase2Member_zTLTxSby8Sgf" title="Stock Price">0.19</td> <td style="text-align: left; white-space: nowrap; width: 1%"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Equity dividend yield</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_908_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_pid_dp_c20260101__20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase2Member_z88LY5x2sKCf" title="Equity dividend yield">0.00</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Expected term (years)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_904_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_dtY_c20260101__20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase2Member_z56ggThw8lD3" title="Expected term (years)">1.738</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Volatility</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_pid_dp_c20260101__20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase2Member_zu4Ir0Q6hFbd" title="Volatility">101.60</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Discount rate</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsDiscountForPostvestingRestrictions_pid_dp_c20260101__20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase2Member_zoJizPY0XUGa" title="Discount rate">4.01</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Risk free rate</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_pid_dp_c20260101__20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase2Member_zYptJBhneK24" title="Risk free rate">3.92</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> </table> Streeterville Pre-Paid Purchase #3 <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid">Inputs</td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">December 31, 2025</td> <td style="padding-bottom: 1pt"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Valuation method</td> <td> </td> <td colspan="2" style="text-align: center">Scenario based analysis</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; width: 88%">Stock price</td> <td style="width: 1%"> </td> <td style="text-align: left; width: 1%">$</td> <td style="text-align: right; width: 9%"><span id="xdx_90C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice_iI_pid_c20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase3Member_zmB9UQVQHL6" title="Stock Price">1.82</td> <td style="text-align: left; white-space: nowrap; width: 1%"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Equity dividend yield</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_908_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_pid_dp_c20250101__20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase3Member_zARbcIIPUiB1" title="Equity dividend yield">0.00</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Expected term (years)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_905_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_dtY_c20250101__20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase3Member_zEf3PhPBoG35" title="Expected term (years)">2.42</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Volatility</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_900_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_pid_dp_c20250101__20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase3Member_zUPOcknRTgde" title="Volatility">100.80</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Discount rate</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_903_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsDiscountForPostvestingRestrictions_pid_dp_c20250101__20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase3Member_zWKU6WcI8w4l" title="Discount rate">11.80</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Risk free rate</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_pid_dp_c20250101__20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase3Member_zBlzhP2H5qj2" title="Risk free rate">4.22</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> </table> Avondale (2025) Pre-Paid Purchase #1 <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid">Inputs</td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">December 31, 2025</td> <td style="padding-bottom: 1pt"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Valuation method</td> <td> </td> <td colspan="2" style="text-align: center">Scenario based analysis</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; width: 88%">Stock price</td> <td style="width: 1%"> </td> <td style="text-align: left; width: 1%">$</td> <td style="text-align: right; width: 9%"><span id="xdx_904_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice_iI_pid_c20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_zABpwPvZ1z1l" title="Stock Price">0.33</td> <td style="text-align: left; white-space: nowrap; width: 1%"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Equity dividend yield</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_902_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_c20250101__20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_zoeqKnbYenN8" title="Equity dividend yield">0.00</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Expected term (years)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_909_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_dtY_c20250101__20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_z94liId3vNWb" title="Expected term (years)">2.23</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Volatility</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_pid_dp_c20250101__20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_zngk7JTZ1Ll6" title="Volatility">116.40</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Discount rate</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsDiscountForPostvestingRestrictions_pid_dp_c20250101__20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_zHm8cA3pJON7" title="Discount rate">3.59</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Risk free rate</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_909_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_pid_dp_c20250101__20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_zawfu24BLLx7" title="Risk free rate">3.57</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> </table> Fair Value of Financial Instruments Financial instruments consist of cash and cash equivalents, accounts receivable, unbilled and other receivables and accounts payable. The Company determines the estimated fair value of such financial instruments presented in the unaudited condensed consolidated financial statements is equal to its carrying value due to their short-term nature. Carrying Value, Recoverability and Impairment of Long-Lived Assets The Company follows FASB ASC 360 “Property, Plant, and Equipment” (“ASC 360”) for its long-lived assets. Pursuant to ASC 360-10-35-17, an impairment loss shall be recognized only if the carrying amount of a long-lived asset (asset group) is not recoverable and exceeds its fair value. The carrying amount of a long-lived asset (asset group) is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset (asset group). That assessment shall be based on the carrying amount of the asset (asset group) at the date it is tested for recoverability. An impairment loss shall be measured as the amount by which the carrying amount of a long-lived asset (asset group) exceeds its fair value. Pursuant to ASC 360-10-35-20 if an impairment loss is recognized, the adjusted carrying amount of a long-lived asset shall be its new cost basis. For a depreciable long-lived asset, the new cost basis shall be depreciated (amortized) over the remaining useful life of that asset. Restoration of a previously recognized impairment loss is prohibited. Pursuant to ASC 360-10-35-21, the Company’s long-lived asset (asset group) is tested for recoverability whenever events or changes in circumstances indicate that its carrying amount may not be recoverable. The Company considers the following to be some examples of such events or changes in circumstances that may trigger an impairment review: (a) significant decrease in the market price of a long-lived asset (asset group); (b) a significant adverse change in the extent or manner in which a long-lived asset (asset group) is being used or in its physical condition; (c) a significant adverse change in legal factors or in the business climate that could affect the value of a long-lived asset (asset group), including an adverse action or assessment by a regulator; (d) an accumulation of costs significantly in excess of the amount originally expected for the acquisition or construction of a long-lived asset (asset group); (e) a current-period operating or cash flow loss combined with a history of operating or cash flow losses or a projection or forecast that demonstrates continuing losses associated with the use of a long-lived asset (asset group); and (f) a current expectation that, more likely than not, a long-lived asset (asset group) will be sold or otherwise disposed of significantly before the end of its previously estimated useful life. The Company tests its long-lived assets for potential impairment indicators at least annually and more frequently upon the occurrence of such events. Based on its assessments, the Company recorded no impairment charges on long-lived assets for the six months ended June 30, 2026 and June 30, 2025. Recently Adopted Accounting Pronouncement In November 2024, the FASB issued ASU No. 2024-04 “Debt—Debt with Conversion and Other Options (Subtopic 470-20)”. The amendment requires companies to apply a preexisting contract approach. Under this approach, a settlement qualifies for induced conversion accounting if the inducement offer preserves the form of consideration and results in an amount of consideration that is no less than that issuable pursuant to the preexisting conversion privileges. The ASU is effective for annual and interim reporting periods in fiscal years beginning after December 15, 2025, with early adoption permitted for entities that have adopted the amendments in ASU 2020-06. The Company adopted this guidance effective January 1, 2026. The adoption of ASU 2024-04 did not have a material impact on the Company’s unaudited condensed consolidated financial statements for the six months ended June 30, 2026. In July 2025, the FASB issued ASU 2025-05, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets, which provides a practical expedient when estimating expected credit losses for current accounts receivable and current contract assets arising from transactions accounted for under Topic 606. The practical expedient allows companies to assume the current conditions as of the balance sheet date do not change for the remaining life of the asset when measuring credit losses. The amendments in ASU 2025‑05 are effective for annual reporting periods beginning after December 15, 2025, and interim periods within those annual reporting periods. The Company adopted this guidance effective January 1, 2026. The adoption of ASU 2025‑05 did not have a material impact on the Company’s unaudited condensed consolidated financial statements for the six months ended June 30, 2026. Recently Issued Accounting Standards Not Yet Adopted In November 2024, the FASB issued ASU No. 2024-03 “Disaggregation of Income Statement Expenses”. The amendment requires more detailed information about specified categories of expenses (purchases of inventory, employee compensation, depreciation, amortization, and depletion) included in certain expense captions presented on the face of the income statement. This ASU is effective for fiscal years beginning after December 15, 2026 and for interim periods within fiscal years beginning after December 15, 2027. Early adoption is permitted. The amendments may be applied either (1) prospectively to unaudited condensed consolidated financial statements issued for reporting periods after the effective date of this ASU or (2) retrospectively to all prior periods presented in the unaudited condensed consolidated financial statements. We are currently evaluating the impact this ASU will have on our disclosures. In May 2025, the FASB issued ASU 2025-04, “Compensation - Stock Compensation (Topic 718) and Revenue from Contracts with Customers (Topic 606): Clarifications to Share-Based Consideration Payable to a Customer”. The amendments clarify the accounting for share-based consideration payable to a customer in connection with the sale of goods or services, including the measurement date, vesting conditions and recognition of the resulting reduction in the transaction price. The amendments are effective for annual and interim reporting periods in fiscal years beginning after December 15, 2026, with early adoption permitted. The Company is currently evaluating the impact of adopting this guidance on its condensed consolidated financial statements and related disclosures. In September 2025, the FASB issued ASU 2025-06, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software, which modernizes the accounting for internal-use software to current development practices, clarifies when to begin capitalizing costs, and enhances disclosure requirements. The amendments in ASU 2025-06 are effective for annual periods beginning after December 15, 2027, and interim periods within those annual reporting periods. Early adoption is permitted. The Company is currently evaluating the impact of this standard on the Company’s unaudited condensed consolidated financial statements. In December 2025, the FASB issued ASU 2025-11, “Interim Reporting (Topic 270): Narrow-Scope Improvements”. The amendments improve the organization and clarity of the interim reporting guidance and establish a principle requiring disclosure of events and changes since the end of the most recent annual reporting period that have a material effect on an entity. The amendments are effective for interim periods beginning after December 15, 2027 for public business entities, with early adoption permitted. The Company is currently evaluating the impact of adopting this guidance on its interim financial statement disclosures.

Liquidity As of June 30, 2026, the Company had cash and cash equivalents of approximately $11,675 thousand and working capital of approximately $5,258 thousand. For the three and six months ended June 30, 2026, the Company incurred net losses of approximately $8,620 thousand and $12,623 thousand, respectively. During the six months ended June 30, 2026, the Company used approximately $4,455 4,455 thousand of cash for operating activities. The Company has historically incurred recurring losses and negative cash flows from operations. These conditions and events, considered in the aggregate, raised substantial doubt about the Company’s ability to continue as a going concern. Management evaluated plans intended to address these conditions, including reductions in discretionary expenditures, vendor and professional-fee reductions, hiring controls, active accounts-receivable management and available financing arrangements. Certain of the Company’s financing sources are dependent on market conditions, including the Company’s stock price, trading volume, registration effectiveness and compliance with contractual conditions. Accordingly, the contractual capacity of those arrangements may differ from the amount practically available to the Company. Based on the Company’s cash on hand, forecast cash collections, planned operating expenditures and management’s plans that were considered probable of implementation and effective mitigation, management concluded that its plans alleviate the substantial doubt for at least one year from the date these unaudited condensed consolidated financial statements are issued. On March 27, 2026, the Company entered into a Securities Purchase Agreement (“SPA”) with Avondale Capital, LLC, (“Avondale”) under which the Company may issue and sell one or more Pre-Paid Purchase Agreements for up to an aggregate of $40,000 thousand in exchange for shares of its common stock. The initial Pre-Paid Purchase, in the principal amount of $<span id="xdx_908_eus-gaap--DebtInstrumentFaceAmount_iI_pn3n3_c20260327__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLCMember__us-gaap--LongtermDebtTypeAxis__custom--PurchaseMember_zvGRmjyTT8Uh" title="Principal amount">1,050 thousand, closed on March 27, 2026, the Company received net proceeds of approximately $<span id="xdx_90B_eus-gaap--ProceedsFromDebtNetOfIssuanceCosts_pn3n3_c20260301__20260327__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLCMember__us-gaap--LongtermDebtTypeAxis__custom--PurchaseMember_zLfN9pGM2Kul" title="Proceeds from convertible debt">990 thousand. A second tranche was received on May 26, 2026, with a principal amount of $<span id="xdx_90A_eus-gaap--DebtInstrumentFaceAmount_iI_pn3n3_c20260326__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__us-gaap--LongtermDebtTypeAxis__custom--SecondTrancheMember_zWogzhwWnUcb" title="Principal amount">5,250 thousand and net proceeds of approximately $<span id="xdx_907_eus-gaap--ProceedsFromDebtNetOfIssuanceCosts_pn3n3_c20260301__20260326__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__us-gaap--LongtermDebtTypeAxis__custom--SecondTrancheMember_zppMUmv6Quc1" title="Proceeds from convertible debt">5,000 thousand. As of June 30, 2026, approximately $33,700 thousand remained available under this agreement. On March 26, 2025, the Company entered into a SPA with Avondale Capital, LLC, under which the Company may issue and sell one or more Pre-Paid Purchase Agreements for up to an aggregate of $20,000 thousand in exchange for shares of its common stock. The initial Pre-Paid Purchase, in the principal amount of $<span id="xdx_906_eus-gaap--DebtInstrumentFaceAmount_iI_pn3n3_c20250326__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLCMember__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_z5V5MmLjffa6" title="Principal amount">4,200 thousand, closed on April 8, 2025, the Company received net proceeds of approximately $<span id="xdx_901_eus-gaap--ProceedsFromDebtNetOfIssuanceCosts_pn3n3_c20250301__20250326__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLCMember__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_zEZOp60BKAVa" title="Proceeds from convertible debt">3,990 thousand. A second tranche was received on August 7, 2025, with a principal amount of $<span id="xdx_90C_eus-gaap--DebtInstrumentFaceAmount_iI_pn3n3_c20250807__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLCMember__us-gaap--LongtermDebtTypeAxis__custom--Purchase2Member_zsNcgwm5z5zb" title="Principal amount">3,150 thousand and net proceeds of approximately $<span id="xdx_90B_eus-gaap--ProceedsFromDebtNetOfIssuanceCosts_pn3n3_c20250801__20250807__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLCMember__us-gaap--LongtermDebtTypeAxis__custom--Purchase2Member_zck6WgriFvVg" title="Proceeds from convertible debt">3,000 thousand. The third tranche of the SPA was issued on October 17, 2025 with the principal amount of $<span id="xdx_90C_eus-gaap--DebtInstrumentFaceAmount_iI_pn3n3_c20251017__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLCMember__us-gaap--LongtermDebtTypeAxis__custom--Purchase3Member_zyy0wVFs6PY7" title="Principal amount">5,250 thousand, of which, the Company received net proceeds of $<span id="xdx_906_eus-gaap--ProceedsFromDebtNetOfIssuanceCosts_pn3n3_c20251001__20251017__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLCMember__us-gaap--LongtermDebtTypeAxis__custom--Purchase3Member_zH379DU865b3" title="Proceeds from convertible debt">5,000 thousand. The fourth tranche of the SPA was issued on December 30, 2025 with the principal amount of $<span id="xdx_90F_eus-gaap--DebtInstrumentFaceAmount_iI_pn3n3_c20251230__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLCMember__us-gaap--LongtermDebtTypeAxis__custom--Purchase4Member_zusqbFqzpKe8" title="Principal amount">4,200 thousand, of which, the Company received net proceeds of $<span id="xdx_90A_eus-gaap--ProceedsFromDebtNetOfIssuanceCosts_pn3n3_c20251201__20251230__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLCMember__us-gaap--LongtermDebtTypeAxis__custom--Purchase4Member_z30F3VOAIE71" title="Proceeds from convertible debt">4,000 thousand. As of June 30, 2026, approximately $<span id="xdx_907_eus-gaap--ConvertibleDebt_iI_pn3n3_c20260630__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLCMember_zMYxc93kxG0e" title="Convertible debt">3,200 thousand remained available under this agreement. Additionally, under the SPA with Streeterville Capital, LLC, entered into on May 22, 2024, the Company had access to up to $10,000 thousand in funding. As of June 30, 2026 and December 31, 2025, the Company had $<span id="xdx_90B_eus-gaap--ConvertibleDebt_iI_pn3n3_c20260630__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--StreetervilleCapitalLLCMember_zOsGh19b82gd" title="Convertible debt"><span id="xdx_90C_eus-gaap--ConvertibleDebt_iI_pn3n3_c20251231__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--StreetervilleCapitalLLCMember_zdIOPmHnYEi9" title="Convertible debt">3,520 thousand in remaining available funding under this agreement. On August 11, 2025, the Company filed a shelf registration statement on Form S-3 with the Securities and Exchange Commission (“SEC”), authorizing the future offering and sale of up to $150,000 thousand of various securities. Concurrently, the Company filed a prospectus supplement allowing for the issuance of up to $7,959 thousand of common stock under this registration. This amount is included within the total aggregate offering authorized. The Company commenced sales of its common stock pursuant to the shelf registration. These sales were facilitated through a third-party arrangement with Maxim Group LLC, acting as the Company’s agent under an equity distribution agreement under its At-The-Market (“ATM”) offering program. During the six months ended June 30, 2026, the Company received $2,464 thousand and issued <span id="xdx_908_ecustom--CommonSharesIssuedInAtthemarketOfferingShares_pid_c20260101__20260630__us-gaap--StatementEquityComponentsAxis__custom--ClassACommonStockMember_z3EmM1sIWkIh" title="Common shares issued in the at-the-market offering, shares">7,995,651 shares of class A Common Stock, which are intended to be used for general working capital and other general corporate purposes. Although the Company has remaining capacity under its ATM program, the program represents a market-dependent source of financing, and the Company’s ability to generate additional liquidity through future ATM sales is subject to factors outside its control, including market conditions and trading activity. Accordingly, no assurance can be provided regarding the amount or timing of any future proceeds. Management’s assessment of the Company’s ability to continue as a going concern is based on its current cash position, expected operating cash requirements, and the availability of these financing sources. While access to certain capital sources is dependent on market conditions, including the Company’s stock price, trading volume, and continued effectiveness of its registration statement, management believes that its existing liquidity, combined with planned cost management initiatives and access to external capital, will be sufficient to fund operations and meet obligations as they come due for at least twelve months from the issuance date of these unaudited condensed consolidated financial statements.

11675000

5258000

-8620000

-12623000

-4455000

1050000

990000

5250000

5000000

33700000

4200000

3990000

3150000

3000000

5250000

5000000

4200000

4000000

3200000

3520000

7995651

Use of Estimates The preparation of unaudited condensed consolidated financial statements in conformity with generally accepted accounting principles in the United States of America (“U.S. GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited condensed consolidated financial statements and the reported amounts of revenues and expenses during each of the reporting periods. Actual results could differ from those estimates. The Company’s significant estimates consist of: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.25in"> </td> <td style="width: 0.25in; text-align: left">●</td> <td style="text-align: justify">the valuation of stock-based compensation;</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.25in"> </td> <td style="width: 0.25in; text-align: left">●</td> <td style="text-align: justify">the valuation of warrant liabilities;</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.25in"> </td> <td style="width: 0.25in; text-align: left">●</td> <td style="text-align: justify">the allowance of credit losses;</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.25in"> </td> <td style="width: 0.25in; text-align: left">●</td> <td style="text-align: justify">the valuation of convertible debt;</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.25in"> </td> <td style="width: 0.25in; text-align: left">●</td> <td style="text-align: justify">the valuation of allowance for deferred tax assets;</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.25in"> </td> <td style="width: 0.25in; text-align: left">●</td> <td style="text-align: justify">the determination of the incremental borrowing rate used to measure operating lease liabilities;</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.25in"> </td> <td style="width: 0.25in; text-align: left">●</td> <td style="text-align: justify">the preliminary purchase price allocation for the EngineRoom acquisition, including acquired intangibles and contingent consideration; and</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.25in"> </td> <td style="width: 0.25in; text-align: left">●</td> <td style="text-align: justify">impairment of long-lived assets and goodwill.</td> </tr> </table>

Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting U.S. GAAP applicable to interim financial information and the rules and regulations of the SEC. Accordingly, these unaudited condensed consolidated financial statements do not include all information and disclosures required by U.S. GAAP for complete annual financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation of the interim periods presented have been included. Such adjustments consist of normal recurring adjustments. The operating results for the three and six months ended June 30, 2026 are not necessarily indicative of the results that may be expected for the year ending December 31, 2026 or any other interim period. The condensed consolidated balance sheet as of December 31, 2025 was derived from the Company’s audited consolidated financial statements as of that date. These unaudited condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and related notes included in its Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on March 30, 2026.

Principles of Consolidation The unaudited condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, including CXAI Australia Pty Ltd and its wholly owned subsidiary Virtus Digital Marketing Pty Ltd from June 3, 2026. All intercompany balances have been eliminated in consolidation.

Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash, cash equivalents, and accounts receivable. The Company’s cash is placed with high-credit-quality financial institutions, which periodically exceed federally insured limits. The Company’s cash equivalents are certificates of deposit held by a number of banks limited to $250 thousand per bank with a duration of 90 days or less. The Company has not realized any losses relating to its cash, cash equivalents, and accounts receivable. However, a material loss resulting from the failure of one or more financial institutions, or from a significant default in accounts receivable, could have a substantial adverse effect on the Company’s liquidity, financial position, and operating results. Given the concentration of these financial instruments, any unexpected credit event could impair the Company’s ability to meet its short-term obligations and fund ongoing operations. As of June 30, 2026, one customer accounted for approximately 30% of the Company’s consolidated gross accounts receivable. The concentration was attributable to accounts receivable associated with EngineRoom.

Goodwill The Company tests goodwill for potential impairment at least annually, or more frequently if an event or other circumstance indicates that the Company may not be able to recover the carrying amount of the net assets of the reporting unit. The Company has identified one reporting unit for purposes of goodwill impairment testing based on its operating-segment structure and management’s assessment of the components that constitute businesses. In evaluating goodwill for impairment, the Company may assess qualitative factors to determine whether it is more likely than not (that is, a likelihood of more than 50%) that the fair value of a reporting unit is less than its carrying amount. If the Company bypasses the qualitative assessment, or if the Company concludes that it is more likely than not that the fair value of a reporting unit is less than its carrying value, then the Company performs a quantitative impairment test by comparing the fair value of a reporting unit with its carrying amount. The Company calculates the estimated fair value of a reporting unit using a weighting of the income and market approaches. For the income approach, the Company uses internally developed discounted cash flow models that include the following assumptions, among others: projections of revenues, expenses, and related cash flows based on assumed long-term growth rates and demand trends; expected future investments to grow new units; and estimated discount rates. For the market approach, the Company uses internal analyses based primarily on market comparable, including public company method, guideline transaction method, and market price method. During the quarter ended June 30, 2026, management evaluated the qualitative factors in (“ASC 350-20, Intangibles - Goodwill and Other - Goodwill.”) ASC 350-20-35-3C, including the Company’s market capitalization, stock-price performance, recurring operating losses, cash-flow trends, prior-period impairment, industry conditions and the EngineRoom acquisition. Based on the totality of the available evidence, management concluded that it was not more likely than not that the fair value of the reporting unit was less than its carrying amount. Accordingly, a quantitative interim goodwill impairment test was not required. Accordingly, no goodwill impairment charges were recorded for the six months ended June 30, 2026. The Company had completed both qualitative and quantitative goodwill impairment assessments as of December 31, 2025, and concluded that the carrying amount of goodwill exceeded its estimated fair value. Accordingly, the Company recognized a goodwill impairment charge of $2,148 thousand for the year ended December 31, 2025. As of June 30, 2026 and December 31, 2025, the Company’s goodwill balance was $7,681 thousand and $ 6,589 thousand. During the year ended December 31, 2025, the Company recorded a goodwill impairment charge as a result of its annual impairment assessment.

2148000

Income Taxes The Company accounts for income taxes using the asset and liability method. Accordingly, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in the tax rate is recognized in income or expense in the period that the change is effective. Income tax benefits are recognized when it is probable that the deduction will be sustained. A valuation allowance is established when it is more likely than not that all or a portion of a deferred tax asset will either expire before the Company is able to realize the benefit, or that future deductibility is uncertain. Australian Research and Development Tax Incentive EngineRoom participates in the Australian Research and Development Tax Incentive program. The Company recognizes benefits relating to qualifying research and development expenditures when there is reasonable assurance that the income will be received, the relevant expenditure has been incurred and the consideration can be reliably measured. The ultimate amount of the benefit is subject to completion of the filing process and review by the applicable Australian authorities. Management has assessed the Company’s research and development activities and expenditures to determine which activities and expenditures are likely to be eligible under the tax incentive regime described above. At each period end management estimates the refundable tax offset available to the Company based on available information at the time. This estimate is also reviewed by external tax advisors on an annual basis. For the period ended June 30, 2026, the Company has recorded research and development tax incentive income of $ 92 thousand for the three and six months ended June 30, 2026, and reported under other income in the statements of operations and comprehensive loss.

Comprehensive Loss and Foreign Currency Translation The Company reports comprehensive loss and its components in its unaudited condensed consolidated financial statements. Comprehensive loss consists of net loss and foreign currency translation adjustments, affecting stockholders’ equity that, under GAAP, are excluded from net loss. The functional currencies of the Company’s foreign subsidiaries include the Philippine peso, Canadian dollar and Australian dollar. Assets and liabilities of foreign operations are translated into U.S. dollars using period-end exchange rates, and revenues and expenses are translated using average exchange rates for the applicable periods. Gains or losses resulting from transactions denominated in foreign currencies are included in general and administrative expenses in the unaudited condensed consolidated statements of operations and comprehensive loss. The Company engages in foreign currency denominated transactions with customers that operate in functional currencies other than the U.S. dollar. The aggregate foreign currency net translation loss was approximately $137 thousand and $110 thousand for the three months and six months ended June 30, 2026, and the aggregate foreign currency net translation loss of approximately $301 thousand and $302 thousand for the three and six months ended June 30, 2025, respectively.

137000

110000

301000

302000

Convertible Debt The Company issued convertible debt in the form of Pre-Paid Purchases during December 2024, March 2025 (Settled in April 2025), August 2025, October 2025, December 2025, March 2026 and May 2026 and evaluated such instruments to determine whether they contain features that qualify as embedded derivatives in accordance with ASC 815 “Derivatives and Hedging” (“ASC 815”). Embedded derivatives must be separately measured from the host contract if all the requirements for bifurcation are met. The assessment of the conditions surrounding the bifurcation of embedded derivatives depends on the nature of the host contract and the features of the derivatives. In accounting for the issuance of the convertible debt, the Company elected the fair value option under ASC 825 “Financial Instruments” (“ASC 825”). Under the fair value option election, the convertible debt is initially measured at its issuance date estimated fair value and subsequently remeasured at estimated fair value on a recurring basis. The estimated fair value adjustment is presented within change in fair value of derivative liability in the condensed consolidated statements of Operations and comprehensive loss. The Company classifies its convertible debt that are being valued under the fair value option election as Level 3 due to the lack of relevant observable market data over fair value inputs, such as the probability weighting of the various scenarios that can impact settlement of the arrangement. The Company recognized an unrealized loss on the changes in the estimated fair value of the convertible debt of approximately $4,479 thousand and $4,679 thousand, respectively, and $382 thousand and $500 thousand, respectively, for the three and six months ended June 30, 2026 and June 30, 2025, respectively. 4479000 4679000 382000 500000

Debt Issuance Costs Under the fair value option election, costs directly associated with the borrowing are expensed as incurred.

Note Conversion Convertible notes that are exchanged for equity pursuant to their original contractual terms are accounted for in accordance with ASC 470-20, Debt with Conversion and Other Options. Upon conversion, the carrying amount of the convertible debt is reclassified to equity. No gain or loss is recognized in earnings, as the conversion is executed under the original terms of the instrument. If the debt is settled under modified terms, the transaction is accounted for in accordance with ASC 470-50, “Debt - Modifications and Extinguishments” (“ASC 470-50”). In such cases, a gain or loss is recognized equal to the difference between the reacquisition price and the net carrying amount of the extinguished debt.

Revenue Recognition The Company recognizes revenue, in accordance with ASC 606 “Revenue from Contracts with Customers” (“ASC 606”), when control is transferred of the promised products or services to its customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those products or services. The Company derives revenue from its software as a service for cloud-based software, as well as design, implementation and other professional services for work performed in conjunction with its cloud-based software. The Company enters into contracts with its customers whereby it grants a non-exclusive cloud-based license for the use of its proprietary software and for professional services. The contracts may also provide for on-going services for a specified price, which may include maintenance services, designated support, and enhancements, upgrades and improvements to the software, depending on the contract. Licenses for cloud software provide the customer with a right to use the software as it exists when made available to the customer. All software provides customers with the same functionality and differs mainly in the duration over which the customer benefits from the software. The standard introduces a five-step model for revenue recognition. The five steps are shown below: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.25in"> </td> <td style="width: 0.25in; text-align: left">1.</td> <td style="text-align: justify">Identify the contract with a customer;</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.25in"> </td> <td style="width: 0.25in; text-align: left">2.</td> <td style="text-align: justify">Identify the performance obligations in the contract;</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.25in"> </td> <td style="width: 0.25in; text-align: left">3.</td> <td style="text-align: justify">Determine the transaction price;</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.25in"> </td> <td style="width: 0.25in; text-align: left">4.</td> <td style="text-align: justify">Allocate the transaction price to performance obligations; and</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.25in"> </td> <td style="width: 0.25in; text-align: left">5.</td> <td style="text-align: justify">Recognize revenue when (or as) the entity satisfies a performance obligation</td> </tr> </table> License Subscription Revenue Recognition (Software As A Service) With respect to sales of the Company’s license agreements, customers generally pay fixed annual fees in advance in exchange for the Company’s software service provided via electronic means, which are generally recognized ratably over the license term. Some agreements allow the customer to terminate their subscription contracts before the end of the applicable term, and in such cases the customer is generally entitled to a refund pro-rata but only for the elapsed time remaining at the point of termination, which would approximate the deferred revenue at such time. The Company’s performance obligation is satisfied over time as the services are provided continuously throughout the service period. The Company recognizes revenue evenly over the service period using a time-based measure because the Company is providing continuous access to its service. The Company’s customers generally pay within 30 to 60 days from the receipt of a customer approved invoice. The timing of the Company’s revenue recognition related to the licensing revenue stream is dependent on whether the software licensing agreement entered into represents a service. Software that relies on an entity’s IP and is delivered only through a hosting arrangement, where the customer cannot take possession of the software, is a service. Customers may purchase perpetual licenses or subscribe to licenses, which provide customers with the same functionality and differ mainly in the duration over which the customer benefits from the software. Renewals or extensions of licenses are evaluated as distinct licenses and revenue attributed to the distinct service is not recognized until: (1) the entity provides the distinct license (or makes the license available) to the customer and (2) the customer is able to use and benefit from the distinct license. Renewal contracts are not combined with original contracts, and, as a result, the renewal right is evaluated in the same manner as all other additional rights granted after the initial contract. The revenue is not recognized until the customer can begin to use and benefit from the license, which is typically at the beginning of the license renewal period. The Company recognizes revenue resulting from renewal of licensed software over time. Professional Services Revenue Recognition The Company provides integration and software customization professional services to its customers. Professional services under milestone contracts are accounted for using the percentage of completion method. As soon as the outcome of a contract can be estimated reliably, contract revenue is recognized in the condensed consolidated statement of operations and comprehensive loss in proportion to the stage of completion of the contract. Contract costs are expensed as incurred. Contract costs include all amounts that relate directly to the specific contract, are attributable to contract activity, and are specifically chargeable to the customer under the terms of the contract. Professional services are also contracted on the fixed fee and in some cases on a time and materials basis. Fixed fees are paid monthly, in phases, or upon acceptance of deliverables. The Company’s time and materials contracts are paid weekly or monthly based on hours worked. Revenue on time and material contracts is recognized based on a fixed hourly rate as direct labor hours are expended. Materials, or other specified direct costs, are reimbursed as actual costs and may include markup. The Company has elected the practical expedient to recognize revenue for the right to invoice because the Company’s right to consideration corresponds directly with the value to the customer of the performance completed to date. For fixed fee contracts provided by in house personnel, the Company recognizes revenue evenly over the service period using a time-based measure because the Company is providing continuous service. Because the Company’s contracts have an expected duration of one year or less, the Company has elected the practical expedient in ASC 606-10-50-14(a) to not disclose information about its remaining performance obligations. Anticipated losses are recognized as soon as they become known. For the six months ended June 30, 2026 and June 30, 2025, the Company did not incur any such losses. These amounts are based on known and estimated factors. Hardware Revenue Recognition For sales of hardware, the Company’s performance obligation is fulfilled when the products are shipped to the customer, transferring title and ownership risks. Deliveries occur via drop-shipment by a third-party vendor and the Company leverages drop-ship arrangements with many of its vendors and suppliers to deliver products to customers without having to physically hold the inventory at its warehouse. The Company negotiates sale prices, pays suppliers directly, manages credit risk, and ensures product acceptability, acting as the principal in the transaction and recording revenue on a gross basis. Customers typically pay within 30 to 60 days of invoice receipt. The Company has elected the practical expedient to expense the costs of obtaining a contract when they are incurred because the amortization period of the asset that otherwise would have been recognized is less than a year. Managed Advertising, Growth Marketing Advisory and Subscription Services Revenue Recognition Following the acquisition of EngineRoom, the Company derives revenue from managed advertising services, and growth marketing advisory services. Managed advertising services primarily include performance and search marketing, customer engagement, communications and data services, campaign management and related digital marketing services. Growth marketing advisory services include website development and related advisory, network development, data-driven marketing insights and related consulting services. Subscription based revenue includes access to the EngineRoom platform and strategic advertising and access to search-engine optimization solutions. EngineRoom Platform generally represents an input used by the Company to deliver its services and is not a separately transferred software license. The Company evaluates the goods and services promised in each customer contract to determine whether they are distinct performance obligations. A service is accounted for as a separate performance obligation when the customer can benefit from the service on its own or together with other readily available resources and the service is separately identifiable from the other promises in the contract. Multiple services are combined into a single performance obligation when the Company provides a significant integration service or when the services are highly interdependent or interrelated and are not separately identifiable in the context of the contract. Accordingly, the determination of whether managed advertising, subscription and growth marketing advisory services represent separate performance obligations or a single combined performance obligation is based on the specific terms of each customer contract. Managed advertising, subscription and growth marketing advisory services generally represent a series of distinct services that are substantially the same and have the same pattern of transfer to the customer. Revenue from these services is recognized over time because the customer simultaneously receives and consumes the benefits as the Company performs. Fixed recurring fees are recognized ratably over the applicable service period when the services are provided evenly throughout that period. The Company uses an elapsed-time output method because the recurring services are transferred to the customer in a consistent pattern over the service period. Variable or activity-based consideration, including amounts related to advertising spend, campaign activity or other usage-based services, is recognized as the related activity is performed and the amount becomes known or determinable, to the extent it is probable that a significant reversal of cumulative revenue recognized will not occur. Website development, platform enhancements and similar project-based deliverables are not included within advisory services merely because they may be sold together with advisory or marketing services. The Company evaluates these deliverables separately to determine whether they are distinct performance obligations. Revenue is recognized over time when the applicable criteria for over-time recognition are met, primarily where the services performed create no alternative use to the Company and the Company has an enforceable right to payment for work completed to date. For managed advertising services, it is an integrated managed marketing campaign that combines campaign design, keyword and bid management, budget deployment, optimization, monitoring, reporting and third-party advertising inputs. The Company generally acts as principal when it controls that integrated service before transfer, is primarily responsible for fulfillment and the acceptability of the campaign, selects and directs the third-party providers, controls the media-buying process, contracts directly with the providers, remains obligated for provider costs regardless of customer collection, and has discretion in establishing the price charged to the customer. Therefore, the Company presents the customer billings, including advertising spend and other third-party inputs, as revenue on a gross basis. Contract Balances The timing of the Company’s revenue recognition may differ from the timing of invoicing to and payment by its customers. The Company records an unbilled receivable when revenue is recognized prior to invoicing and the Company has an unconditional right to payment. Alternatively, when invoicing a customer precedes the Company providing of the related services, the Company records deferred revenue until the performance obligations are satisfied. <table cellpadding="0" cellspacing="0" id="xdx_88B_ecustom--ScheduleOfContractBalancesTableTextBlock_pn3n3_zQEnKqe4Nved" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Summary of Significant Accounting Policies and Basis of Presentation (Details)"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td id="xdx_8BC_zAzxinIvA2qa" style="display: none; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Schedule of contract balance</td> <td style="padding-bottom: 1.25pt"> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td></tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid">Contract balance</td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">December 31, 2025</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">March 31, 2026</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">June 30, 2026</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Six-month movement</td> <td style="padding-bottom: 1pt"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1pt">Accounts receivable, net</td> <td style="width: 1%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; width: 9%; text-align: right">789</td> <td style="width: 1%; text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="width: 1%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; width: 9%; text-align: right">907</td> <td style="width: 1%; text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="width: 1%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; width: 9%; text-align: right">706</td> <td style="width: 1%; text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="width: 1%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; width: 9%; text-align: right">(<span id="xdx_902_eus-gaap--IncreaseDecreaseInAccountsReceivable_pn3n3_c20260101__20260630__srt--ProductOrServiceAxis__custom--ContractCalanceMember_zrCaCZuTA1z6" title="Increase decrease in accounts receivable">83</td> <td style="width: 1%; text-align: left; white-space: nowrap; padding-bottom: 1pt">)</td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Deferred revenue</td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">1,465</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">1,986</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">1,365</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">(100</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt">)</td> </tr> </table> The Company had deferred revenue of approximately $1,365 thousand and $1,465 thousand as of June 30, 2026 and December 31, 2025, respectively, related to customer invoices rendered in advance for software licenses and professional services provided by the Company’s technical staff. The Company expects to satisfy its remaining performance obligations for the deferred revenue associated with professional services, and recognize the deferred revenue related to licenses generally over the remaining contract term which is generally twelve months following the commencement of the license. The Company recognized revenue in the reporting periods of $445 thousand and $1,087 thousand, $787 thousand and $1,778 thousand, that was included in the contract liability balance at the beginning of the period, for the three and six months ended June 30, 2026 and June 30, 2025, respectively. Costs to Obtain a Contract The Company recognizes eligible sales commissions as an asset within prepaid expenses and other current assets as the commissions are an incremental cost of obtaining a contract with the customer and the Company expects to recover these costs. The capitalized costs are amortized over the expected contract term. The Company has elected the practical expedient to recognize incremental costs of obtaining a contract as an expense when incurred if the amortization period of the asset that otherwise would have been recognized is one year or less. Cost to Fulfill a Contract The Company incurs costs to fulfill their obligations under a contract once it has obtained the contract. These costs are generally not significant and are recorded to expense as incurred. Multiple Performance Obligations The Company enters into contracts with customers for its technology that include multiple performance obligations. Each distinct performance obligation was determined by whether the customer could benefit from the good or service on its own or together with readily available resources. The Company allocates revenue to each performance obligation based on its relative standalone selling price. The Company’s process for determining standalone selling price considers multiple factors including the Company’s internal pricing model and market trends that may vary depending upon the facts and circumstances related to each performance obligation. Sales and Use Taxes The Company presents transactional taxes such as sales and use tax collected from customers and remitted to government authorities on a net basis. Shipping and Handling Costs Shipping and handling costs are expensed as incurred as part of cost of revenues. These costs were deemed to be de minimis during each of the reporting periods.

<table cellpadding="0" cellspacing="0" id="xdx_88B_ecustom--ScheduleOfContractBalancesTableTextBlock_pn3n3_zQEnKqe4Nved" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Summary of Significant Accounting Policies and Basis of Presentation (Details)"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td id="xdx_8BC_zAzxinIvA2qa" style="display: none; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Schedule of contract balance</td> <td style="padding-bottom: 1.25pt"> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td></tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid">Contract balance</td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">December 31, 2025</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">March 31, 2026</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">June 30, 2026</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Six-month movement</td> <td style="padding-bottom: 1pt"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1pt">Accounts receivable, net</td> <td style="width: 1%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; width: 9%; text-align: right">789</td> <td style="width: 1%; text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="width: 1%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; width: 9%; text-align: right">907</td> <td style="width: 1%; text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="width: 1%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; width: 9%; text-align: right">706</td> <td style="width: 1%; text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="width: 1%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; width: 9%; text-align: right">(<span id="xdx_902_eus-gaap--IncreaseDecreaseInAccountsReceivable_pn3n3_c20260101__20260630__srt--ProductOrServiceAxis__custom--ContractCalanceMember_zrCaCZuTA1z6" title="Increase decrease in accounts receivable">83</td> <td style="width: 1%; text-align: left; white-space: nowrap; padding-bottom: 1pt">)</td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Deferred revenue</td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">1,465</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">1,986</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">1,365</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">(100</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt">)</td> </tr> </table>

789000

907000

706000

83000

1465000

1986000

1365000

-100000

1365000

1465000

445000 1087000 787000 1778000

Business Combinations The Company accounts for business combinations under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC 805”) “Business Combinations” using the acquisition method of accounting, and accordingly, the assets and liabilities of the acquired business are recorded at their fair values at the date of acquisition. The excess of the purchase price over the estimated fair value is recorded as goodwill. All acquisition costs are expensed as incurred. Upon acquisition, the accounts and results of operations are included as of and subsequent to the acquisition date. Provisional amounts may be adjusted during the measurement period as additional information about facts and circumstances existing as of the acquisition date becomes available.

Segments The Company identifies operating segments based on the components for which separate financial information is available and whose operating results are regularly reviewed by the chief operating decision maker. The Company’s Chief Executive Officer has been identified as its chief operating decision maker. The Company evaluates a reporting unit by first identifying its operating segments under Segment Reporting (“ASC 280”). The Company then evaluates each operating segment to determine if it includes one or more components that constitute a business. If there are components within an operating segment that meet the definition of a business, the Company evaluates those components to determine if they must be aggregated into one or more reporting units. If applicable, when determining if it is appropriate to aggregate different operating segments, the Company determines if the segments are economically similar and, if so, the operating segments are aggregated. The Company has one operating segment and reporting unit. The Company is organized and operated as one business. Management reviews its business as a single operating segment, using financial and other information rendered meaningful only by the fact that such information is presented and reviewed in the aggregate.

Stock-based Compensation The Company measures the cost of employee and non-employee services received in exchange for an award of equity instruments based on the grant date fair value of the award. The Company has issued stock-based compensation awards in the form of options and restricted stock units. The grant date fair value is recognized over the requisite service period during which an employee and non-employee is required to provide service in exchange for the award. The grant date fair value of options is estimated using the Black-Scholes option pricing model based on the average of the high and low stock prices at the grant date for awards under the CXApp Inc. 2023 Equity Incentive Plan (the “Incentive Plan”). The risk-free interest rate assumptions were based upon the observed interest rates appropriate for the expected term of the equity instruments. The expected dividend yield is assumed to be zero as the Company has not paid any dividends since its inception and does not anticipate paying dividends in the foreseeable future. The Company uses the simplified method to estimate the expected term. For stock-based awards that contain a market condition, including vesting conditions based on the Company’s stock price or total stockholder return, the effect of the market condition is reflected in the grant-date fair value of the award. The grant-date fair value of such awards is estimated using an appropriate valuation technique, such as a Monte Carlo simulation model, that incorporates the probability of satisfying the market condition. Compensation expense for an award containing a market condition is recognized over the applicable requisite service period when the requisite service is rendered, regardless of whether the market condition is ultimately achieved. Compensation cost is not subsequently reversed solely because the market condition is not satisfied. The grant date fair value for restricted stock units is valued using the closing price of the Company’s common stock on the date of grant. The Company estimates forfeitures at the time of grant and revises these estimates in subsequent periods if actual forfeitures differ from those estimates.

Earnings Per Share The Company computes basic and diluted earnings per share by dividing net income by the weighted average number of common shares outstanding during the periods. Diluted earnings per share are similarly calculated with the inclusion of dilutive common stock equivalents. For the six months ended June 30, 2026 and June 30, 2025, basic and dilutive net loss per common share were the same since the inclusion of common shares issuable pursuant to the exercise of options, warrants, and vesting of restricted units in the calculation of diluted net loss per common shares would have been anti-dilutive. The following table summarizes the number of common shares and common share equivalents excluded from the calculation of diluted net loss per common share for the six months ended June 30, 2026 and June 30, 2025. <table cellpadding="0" cellspacing="0" id="xdx_890_eus-gaap--ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock_pn3n3_z3LUejIwHU3h" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Summary of Significant Accounting Policies and Basis of Presentation (Details 2)"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td id="xdx_8B6_zcxdceQ8X4m8" style="display: none; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Schedule of anti-dilutive shares</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td></tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid">(in thousands)</td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Three Months Ended June 30, 2026</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Three Months Ended June 30, 2025</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Six Months Ended June 30, 2026</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Six Months Ended June 30, 2025</td> <td style="padding-bottom: 1pt"> </td> </tr> <tr style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Stock options</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right"><span id="xdx_90D_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_pid_c20260401__20260630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--StockOptionMember_za3Recr45wek" title="Total">3,681</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right"><span id="xdx_90B_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_pid_c20250401__20250630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--StockOptionMember_zNsTabp2yK4" title="Total">1,800</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right"><span id="xdx_905_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_pid_c20260101__20260630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--StockOptionMember_zp9Q9gweaoL9" title="Total">3,681</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right"><span id="xdx_900_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_pid_c20250101__20250630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--StockOptionMember_zBv0iXXWBj3d" title="Total">2,150</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Restricted stock units</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_902_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_pid_c20260401__20260630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--RestrictedStockUnitsRSUMember_zebX2jWOipB7" title="Total">3,088</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_900_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_pid_c20250401__20250630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--RestrictedStockUnitsRSUMember_zBInolIQzH6d" title="Total">677</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90E_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_pid_c20260101__20260630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--RestrictedStockUnitsRSUMember_zi25GownCSb6" title="Total">3,088</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_907_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_pid_c20250101__20250630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--RestrictedStockUnitsRSUMember_zGevztn0eL6l" title="Total">1,597</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Warrants</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90F_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_pid_c20260401__20260630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--WarrantMember_zHkRMs5Athyj" title="Total">21,032</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90B_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_pid_c20250401__20250630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--WarrantMember_zYGYaAGKgkYd" title="Total">21,032</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90D_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_pid_c20260101__20260630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--WarrantMember_zWON4K8epSlb" title="Total">21,032</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_900_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_pid_c20250101__20250630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--WarrantMember_zJp904Cxb1yd" title="Total">21,302</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1pt">Convertible debt</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_903_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_pid_c20260401__20260630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--ConvertibleDebtMember_z4s9NgJ2e6Nl" title="Total">43,731</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_90A_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_pid_c20250401__20250630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--ConvertibleDebtMember_z9ZpaMkGCZC7" title="Total">-</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_90C_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_pid_c20260101__20260630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--ConvertibleDebtMember_zoM2x6mjZTSg" title="Total">29,500</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_90D_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_pid_c20250101__20250630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--ConvertibleDebtMember_zVo5Uxg1OBkc" title="Total">-</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td></tr> <tr style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in; padding-bottom: 1.25pt">Total</td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; text-align: right">71,532</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; text-align: right">23,509</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; text-align: right">57,301</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; text-align: right">25,049</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> </table>

<table cellpadding="0" cellspacing="0" id="xdx_890_eus-gaap--ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock_pn3n3_z3LUejIwHU3h" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Summary of Significant Accounting Policies and Basis of Presentation (Details 2)"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td id="xdx_8B6_zcxdceQ8X4m8" style="display: none; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Schedule of anti-dilutive shares</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td></tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid">(in thousands)</td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Three Months Ended June 30, 2026</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Three Months Ended June 30, 2025</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Six Months Ended June 30, 2026</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Six Months Ended June 30, 2025</td> <td style="padding-bottom: 1pt"> </td> </tr> <tr style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Stock options</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right"><span id="xdx_90D_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_pid_c20260401__20260630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--StockOptionMember_za3Recr45wek" title="Total">3,681</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right"><span id="xdx_90B_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_pid_c20250401__20250630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--StockOptionMember_zNsTabp2yK4" title="Total">1,800</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right"><span id="xdx_905_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_pid_c20260101__20260630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--StockOptionMember_zp9Q9gweaoL9" title="Total">3,681</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right"><span id="xdx_900_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_pid_c20250101__20250630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--StockOptionMember_zBv0iXXWBj3d" title="Total">2,150</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Restricted stock units</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_902_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_pid_c20260401__20260630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--RestrictedStockUnitsRSUMember_zebX2jWOipB7" title="Total">3,088</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_900_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_pid_c20250401__20250630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--RestrictedStockUnitsRSUMember_zBInolIQzH6d" title="Total">677</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90E_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_pid_c20260101__20260630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--RestrictedStockUnitsRSUMember_zi25GownCSb6" title="Total">3,088</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_907_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_pid_c20250101__20250630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--RestrictedStockUnitsRSUMember_zGevztn0eL6l" title="Total">1,597</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Warrants</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90F_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_pid_c20260401__20260630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--WarrantMember_zHkRMs5Athyj" title="Total">21,032</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90B_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_pid_c20250401__20250630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--WarrantMember_zYGYaAGKgkYd" title="Total">21,032</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90D_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_pid_c20260101__20260630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--WarrantMember_zWON4K8epSlb" title="Total">21,032</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_900_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_pid_c20250101__20250630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--WarrantMember_zJp904Cxb1yd" title="Total">21,302</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1pt">Convertible debt</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_903_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_pid_c20260401__20260630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--ConvertibleDebtMember_z4s9NgJ2e6Nl" title="Total">43,731</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_90A_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_pid_c20250401__20250630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--ConvertibleDebtMember_z9ZpaMkGCZC7" title="Total">-</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_90C_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_pid_c20260101__20260630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--ConvertibleDebtMember_zoM2x6mjZTSg" title="Total">29,500</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_90D_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_pid_c20250101__20250630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--ConvertibleDebtMember_zVo5Uxg1OBkc" title="Total">-</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td></tr> <tr style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in; padding-bottom: 1.25pt">Total</td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; text-align: right">71,532</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; text-align: right">23,509</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; text-align: right">57,301</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; text-align: right">25,049</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> </table>

3681

1800

3681

2150

3088

677

3088

1597

21032

21302

43731

29500

71532

23509

57301

25049

Fair Value Measurements FASB ASC 820, “Fair Value Measurements” (“ASC 820”), provides guidance on the development and disclosure of fair value measurements. The Company follows this authoritative guidance for fair value measurements, which defines fair value, establishes a framework for measuring fair value under generally accepted accounting principles in the United States, and expands disclosures about fair value measurements. The guidance requires fair value measurements be classified and disclosed in one of the following three categories: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.25in"> </td> <td style="width: 0.25in; text-align: left">●</td> <td style="text-align: justify">Level 1: Quoted prices (unadjusted) in active markets that are accessible at the measurement date for identical assets or liabilities.</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.25in"> </td> <td style="width: 0.25in; text-align: left">●</td> <td style="text-align: justify">Level 2: Observable prices that are based on inputs not quoted on active markets but corroborated by market data.</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.25in"> </td> <td style="width: 0.25in; text-align: left">●</td> <td style="text-align: justify">Level 3: Unobservable inputs which are supported by little or no market activity and values determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant judgment or estimation.</td> </tr> </table> Fair value measurements discussed herein are based upon certain market assumptions and pertinent information available to management. The fair value of the warrants has been measured based on the listed market price of such warrants, a Level 1 measurement. The fair value of the private placement warrants is measured using the quoted market price of the public warrants as an observable input, a Level 2 measurement, because the private placement warrants are not actively traded and there are no observable market inputs specific to those warrants. The Company recognized in the condensed consolidated Statements of Operations and Comprehensive Loss, an unrealized loss on its warrant liabilities (comprising both public and private placement warrants) of $526 thousand and $148 thousand, respectively, for the three and six months ended June 30, 2026 and an unrealized gain of $1,262 thousand and $3,576 thousand, respectively, for the three and six months ended June 30, 2025 respectively. The following table presents information about the Company’s financial liabilities that were measured at fair value on a recurring basis as of June 30, 2026 and December 31, 2025, and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value. <table cellpadding="0" cellspacing="0" id="xdx_895_eus-gaap--ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_pn3n3_zXOMPJbR8jv6" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Summary of Significant Accounting Policies and Basis of Presentation (Details 3)"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td id="xdx_8B1_zYTXSvJ700da" style="display: none; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Schedule of financial liabilities measured at fair value</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td></tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">As of June 30, 2026</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Quoted price in Active Market (Level 1)</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Significant other observable input (Level 2)</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Significant other unobservable input (Level 3)</td> <td style="padding-bottom: 1pt"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Warrants</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">1,199</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_90D_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20260630__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_z1Xd1ytpqZgl" title="Financial liabilities">694</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_90D_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20260630__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zKpwlX4Kkeca" title="Financial liabilities">505</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_909_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20260630__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zNaR81sW6haa" title="Financial liabilities">-</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Convertible Note</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">- 2025 Avondale Prepaid Purchase #4</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_909_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20260630__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase4Member_zY2uYOyD53k" title="Financial liabilities">4,028</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90D_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20260630__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase4Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zsq47N6wvM1a" title="Financial liabilities">-</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_904_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20260630__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase4Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zRk43GzlSFFf" title="Financial liabilities">-</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_909_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20260630__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase4Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zMSv4WNPEzWf" title="Financial liabilities">4,028</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">- 2026 Avondale Prepaid Purchase #1</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90E_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20260630__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase1Member_zjVWdq5UXhbc" title="Financial liabilities">1,162</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_907_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20260630__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase1Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zwg7kH8Yo3La" title="Financial liabilities">-</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_902_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20260630__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase1Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zFPX3F2V5ts5" title="Financial liabilities">-</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_909_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20260630__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase1Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zOyHWRSRvWAc" title="Financial liabilities">1,162</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">- 2026 Avondale Prepaid Purchase #2</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_906_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20260630__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase2Member_zsM8f1C7Fwr4" title="Financial liabilities">4,872</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90E_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20260630__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase2Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zSoB5T9zN3Tk" title="Financial liabilities">-</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90B_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20260630__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase2Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zZyTrayi1w5a" title="Financial liabilities">-</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_909_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20260630__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase2Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_z6Vd3X9hmvJc" title="Financial liabilities">4,872</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <th style="text-align: center; vertical-align: top; padding-bottom: 1pt"> </th> <th style="text-align: center; padding-bottom: 1pt"> </th> <th colspan="2" style="border-bottom: Black 1pt solid; text-align: center">As of December 31, 2025</th> <th style="text-align: center; white-space: nowrap; padding-bottom: 1pt"> </th> <th style="text-align: center; padding-bottom: 1pt"> </th> <th colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Quoted price in Active Market (Level 1)</th> <th style="text-align: center; white-space: nowrap; padding-bottom: 1pt"> </th> <th style="text-align: center; padding-bottom: 1pt"> </th> <th colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Significant other observable input (Level 2)</th> <th style="text-align: center; white-space: nowrap; padding-bottom: 1pt"> </th> <th style="text-align: center; padding-bottom: 1pt"> </th> <th colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Significant other unobservable input (Level 3)</th> <th style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </th> </tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Warrants</td> <td style="width: 1%"> </td> <td style="text-align: left; width: 1%">$</td> <td style="text-align: right; width: 9%">1,051</td> <td style="text-align: left; white-space: nowrap; width: 1%"> </td> <td style="width: 1%"> </td> <td style="text-align: left; width: 1%">$</td> <td style="text-align: right; width: 9%"><span id="xdx_902_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20251231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zJOuss8MfPPh" title="Financial liabilities">1,051</td> <td style="text-align: left; white-space: nowrap; width: 1%"> </td> <td style="width: 1%"> </td> <td style="text-align: left; width: 1%">$</td> <td style="text-align: right; width: 9%"><span id="xdx_90C_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20251231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zw0q3PH54nwb" title="Financial liabilities">-</td> <td style="text-align: left; white-space: nowrap; width: 1%"> </td> <td style="width: 1%"> </td> <td style="text-align: left; width: 1%">$</td> <td style="text-align: right; width: 9%"><span id="xdx_908_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20251231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zPSEqnnuADZ" title="Financial liabilities">-</td> <td style="text-align: left; white-space: nowrap; width: 1%"> </td> </tr> <tr style="vertical-align: bottom; background-color: #FFFFFF"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Convertible Note</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">- 2025Avondale Prepaid Purchase #1</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90B_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20251231__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase1Member_zK8DskKj18Oj" title="Financial liabilities">1,231</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90A_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20251231__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase1Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zFTQ4AOKUqV6" title="Financial liabilities">-</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90A_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20251231__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase1Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zUiyMUPdnopa" title="Financial liabilities">-</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_903_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20251231__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase1Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zdnP130dcb98" title="Financial liabilities">1,231</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="vertical-align: bottom; background-color: #FFFFFF"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">- 2025 Avondale Prepaid Purchase #2</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_900_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20251231__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase2Member_zjSMI4M26Jgk" title="Financial liabilities">2,749</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_907_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20251231__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase2Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zV54zeHpSbad" title="Financial liabilities">-</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_900_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20251231__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase2Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zUvng2G3oCU9" title="Financial liabilities">-</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_900_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20251231__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase2Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zdrRStcysri8" title="Financial liabilities">2,749</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">- 2025 Avondale Prepaid Purchase #3</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90D_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20251231__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase3Member_z4LaHK5PYrX7" title="Financial liabilities">4,683</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">-</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">-</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90B_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20251231__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase3Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zSt3WStXqSg3" title="Financial liabilities">4,683</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="vertical-align: bottom; background-color: #FFFFFF"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">- 2025 Avondale Prepaid Purchase #4</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90D_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20251231__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase4Member_zmgfZnUHOC04" title="Financial liabilities">3,996</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90C_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20251231__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase4Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_z3U57pkvtxQc" title="Financial liabilities">-</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_905_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20251231__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase4Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zQuTApWyLUkj" title="Financial liabilities">-</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90B_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20251231__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase4Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_z2mZUgggny8" title="Financial liabilities">3,996</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> </table> The Company accounts for its public and private warrants as a derivative liability initially measured at its fair values and remeasured in the condensed consolidated statements of operations and comprehensive loss at the end of each reporting period. When the warrants are exercised, the corresponding derivative liability is de-recognized at the underlying fair value of the Class A common stock that is issued to the warrant holder less any cash paid in accordance with the warrant agreement. Upon either cash or cashless exercise, the de-recognized derivative liability results in an increase in additional paid in capital equal to the difference between the fair value of the underlying Class A common stock and its par value. A cashless exercise results in the warrant holder surrendering Class A common stock equal to the stated warrant exercise price based on the contractual terms in the warrant agreement that governs the cashless conversion. The following table shows the changes in fair value of the liabilities for the six months ended June 30, 2026 and June 30, 2025: <table cellpadding="0" cellspacing="0" id="xdx_898_eus-gaap--FairValueLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock_pn3n3_zLXl3sSqEKyb" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Summary of Significant Accounting Policies and Basis of Presentation (Details 4)"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td id="xdx_8B5_zVe4u0wk6C29" style="display: none; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Schedule of changes in fair value of the liabilities</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td></tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Warrant liability – January 1, 2026</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">1,051</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1pt">Change in fair value of derivative instruments</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(378</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt">)</td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Warrant liability – March 31, 2026</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">673</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1pt">Change in fair value of derivative instruments</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">526</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Warrant liability – June 30, 2026</td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">1,199</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Warrant liability – January 1, 2025</td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">5,048</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1pt">Change in fair value of derivative instruments</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(2,314</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt">)</td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Warrant liability – March 31, 2025</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">2,734</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1pt">Change in fair value of derivative instruments</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(1,262</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt">)</td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Warrant liability – June 30, 2025</td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">1,472</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> </table> The Company accounts for convertible debt under the fair value option election using Level 3 inputs. For the three and six months ended June 30, 2026 and June 30, 2025, the Company recognized an unrealized loss in the condensed consolidated Statements of Operations and Comprehensive Loss of $4,479 thousand and $4,679 thousand, respectively, and $382 thousand and $500 thousand, respectively, which are presented as a change in fair value of derivative liability. See additional details within Note 7, Convertible debt. The significant inputs in the valuation models for each of the three issuances were as follows: Avondale (2025) Pre-Paid Purchase #4 <table cellpadding="0" cellspacing="0" id="xdx_89F_eus-gaap--FairValueAssetsMeasuredOnNonrecurringBasisValuationTechniquesTextBlock_pn3n3_zgjbgqFGPuUd" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Summary of Significant Accounting Policies and Basis of Presentation (Details 5)"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td id="xdx_8BF_z8W45lhvwYK8" style="display: none; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Schedule of valuation models</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td></tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid">Inputs</td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">June 30, 2026</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">December 31, 2025</td> <td style="padding-bottom: 1pt"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; vertical-align: top">Valuation method</td> <td style="text-align: center"> </td> <td colspan="2" style="text-align: center">Scenario based analysis</td> <td style="text-align: center; white-space: nowrap"> </td> <td style="text-align: center"> </td> <td colspan="2" style="text-align: center">Scenario based analysis</td> <td style="text-align: center; white-space: nowrap"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Stock price</td> <td style="width: 1%"> </td> <td style="text-align: left; width: 1%">$</td> <td style="text-align: right; width: 9%"><span id="xdx_90F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice_iI_pid_c20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase4Member_zKOrKb53cJE7" title="Stock Price">0.18</td> <td style="text-align: left; white-space: nowrap; width: 1%"> </td> <td style="width: 1%"> </td> <td style="text-align: left; width: 1%">$</td> <td style="text-align: right; width: 9%"><span id="xdx_904_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice_iI_pid_c20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase4Member_zkJJvKEUgCue" title="Stock Price">0.33</td> <td style="text-align: left; white-space: nowrap; width: 1%"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Equity dividend yield</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_pid_dp_c20260101__20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase4Member_zUvEpQfwrfi9" title="Equity dividend yield">0.00</td> <td style="text-align: left; white-space: nowrap">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_pid_dp_c20250101__20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase4Member_zvCC8HhSfEZe" title="Equity dividend yield">0.00</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Expected term (years)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90C_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_dtY_c20260101__20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase4Member_zrWtoAmHIide" title="Expected term (years)">1.738</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90D_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_dtY_c20250101__20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase4Member_zPCpqOdEJQP2" title="Expected term (years)">2.32</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Volatility</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_901_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_pid_dp_c20260101__20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase4Member_zlb6C9PiVD32" title="Volatility">101.60</td> <td style="text-align: left; white-space: nowrap">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_900_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_pid_dp_c20250101__20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase4Member_zekzeUEu7K9i" title="Volatility">116.40</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Discount rate</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_907_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsDiscountForPostvestingRestrictions_pid_dp_c20260101__20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase4Member_zSI0KOX8KRIc" title="Discount rate">3.72</td> <td style="text-align: left; white-space: nowrap">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsDiscountForPostvestingRestrictions_pid_dp_c20250101__20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase4Member_zqZePcQvDBN1" title="Discount rate">3.59</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Risk free rate</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_908_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_pid_dp_c20260101__20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase4Member_z5nBXz3rJQC3" title="Risk free rate">4.06</td> <td style="text-align: left; white-space: nowrap">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_pid_dp_c20250101__20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase4Member_zLGO1xO550il" title="Risk free rate">3.46</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> </table> Avondale (2026) Pre-Paid Purchase #1 <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid">Inputs</td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">June 30, 2026</td> <td style="padding-bottom: 1pt"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Valuation method</td> <td> </td> <td colspan="2" style="vertical-align: bottom; text-align: center">Scenario based analysis</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Stock price</td> <td style="width: 1%"> </td> <td style="text-align: left; width: 1%">$</td> <td style="text-align: right; width: 9%"><span id="xdx_908_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice_iI_pid_c20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_znGscWohfeV" title="Stock Price">0.19</td> <td style="text-align: left; white-space: nowrap; width: 1%"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Equity dividend yield</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_905_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_pid_dp_c20260101__20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_zH7pKBJbsPOb" title="Equity dividend yield">0.00</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Expected term (years)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_907_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_dtY_c20260101__20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_zb7uFZgXZPZe" title="Expected term (years)">1.738</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Volatility</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_pid_dp_c20260101__20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_zCxoegr6lev9" title="Volatility">101.60</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Discount rate</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_901_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsDiscountForPostvestingRestrictions_pid_dp_c20260101__20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_z3lAWSILZ7J3" title="Discount rate">4.01</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Risk free rate</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_902_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_pid_dp_c20260101__20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_zsugtqStgaqe" title="Risk free rate">4.06</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> </table> Avondale (2026) Pre-Paid Purchase #2 <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid">Inputs</td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">June 30, 2026</td> <td style="padding-bottom: 1pt"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Valuation method</td> <td> </td> <td colspan="2" style="text-align: center">Scenario based analysis</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Stock price</td> <td style="width: 1%"> </td> <td style="text-align: left; width: 1%">$</td> <td style="text-align: right; width: 9%"><span id="xdx_905_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice_iI_pid_c20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase2Member_zTLTxSby8Sgf" title="Stock Price">0.19</td> <td style="text-align: left; white-space: nowrap; width: 1%"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Equity dividend yield</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_908_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_pid_dp_c20260101__20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase2Member_z88LY5x2sKCf" title="Equity dividend yield">0.00</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Expected term (years)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_904_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_dtY_c20260101__20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase2Member_z56ggThw8lD3" title="Expected term (years)">1.738</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Volatility</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_pid_dp_c20260101__20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase2Member_zu4Ir0Q6hFbd" title="Volatility">101.60</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Discount rate</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsDiscountForPostvestingRestrictions_pid_dp_c20260101__20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase2Member_zoJizPY0XUGa" title="Discount rate">4.01</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Risk free rate</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_pid_dp_c20260101__20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase2Member_zYptJBhneK24" title="Risk free rate">3.92</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> </table> Streeterville Pre-Paid Purchase #3 <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid">Inputs</td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">December 31, 2025</td> <td style="padding-bottom: 1pt"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Valuation method</td> <td> </td> <td colspan="2" style="text-align: center">Scenario based analysis</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; width: 88%">Stock price</td> <td style="width: 1%"> </td> <td style="text-align: left; width: 1%">$</td> <td style="text-align: right; width: 9%"><span id="xdx_90C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice_iI_pid_c20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase3Member_zmB9UQVQHL6" title="Stock Price">1.82</td> <td style="text-align: left; white-space: nowrap; width: 1%"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Equity dividend yield</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_908_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_pid_dp_c20250101__20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase3Member_zARbcIIPUiB1" title="Equity dividend yield">0.00</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Expected term (years)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_905_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_dtY_c20250101__20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase3Member_zEf3PhPBoG35" title="Expected term (years)">2.42</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Volatility</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_900_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_pid_dp_c20250101__20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase3Member_zUPOcknRTgde" title="Volatility">100.80</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Discount rate</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_903_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsDiscountForPostvestingRestrictions_pid_dp_c20250101__20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase3Member_zWKU6WcI8w4l" title="Discount rate">11.80</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Risk free rate</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_pid_dp_c20250101__20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase3Member_zBlzhP2H5qj2" title="Risk free rate">4.22</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> </table> Avondale (2025) Pre-Paid Purchase #1 <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid">Inputs</td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">December 31, 2025</td> <td style="padding-bottom: 1pt"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Valuation method</td> <td> </td> <td colspan="2" style="text-align: center">Scenario based analysis</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; width: 88%">Stock price</td> <td style="width: 1%"> </td> <td style="text-align: left; width: 1%">$</td> <td style="text-align: right; width: 9%"><span id="xdx_904_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice_iI_pid_c20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_zABpwPvZ1z1l" title="Stock Price">0.33</td> <td style="text-align: left; white-space: nowrap; width: 1%"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Equity dividend yield</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_902_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_c20250101__20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_zoeqKnbYenN8" title="Equity dividend yield">0.00</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Expected term (years)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_909_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_dtY_c20250101__20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_z94liId3vNWb" title="Expected term (years)">2.23</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Volatility</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_pid_dp_c20250101__20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_zngk7JTZ1Ll6" title="Volatility">116.40</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Discount rate</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsDiscountForPostvestingRestrictions_pid_dp_c20250101__20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_zHm8cA3pJON7" title="Discount rate">3.59</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Risk free rate</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_909_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_pid_dp_c20250101__20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_zawfu24BLLx7" title="Risk free rate">3.57</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> </table>

526000

148000

1262000

3576000

<table cellpadding="0" cellspacing="0" id="xdx_895_eus-gaap--ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_pn3n3_zXOMPJbR8jv6" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Summary of Significant Accounting Policies and Basis of Presentation (Details 3)"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td id="xdx_8B1_zYTXSvJ700da" style="display: none; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Schedule of financial liabilities measured at fair value</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td></tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">As of June 30, 2026</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Quoted price in Active Market (Level 1)</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Significant other observable input (Level 2)</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Significant other unobservable input (Level 3)</td> <td style="padding-bottom: 1pt"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Warrants</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">1,199</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_90D_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20260630__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_z1Xd1ytpqZgl" title="Financial liabilities">694</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_90D_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20260630__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zKpwlX4Kkeca" title="Financial liabilities">505</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_909_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20260630__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zNaR81sW6haa" title="Financial liabilities">-</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Convertible Note</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">- 2025 Avondale Prepaid Purchase #4</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_909_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20260630__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase4Member_zY2uYOyD53k" title="Financial liabilities">4,028</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90D_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20260630__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase4Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zsq47N6wvM1a" title="Financial liabilities">-</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_904_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20260630__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase4Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zRk43GzlSFFf" title="Financial liabilities">-</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_909_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20260630__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase4Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zMSv4WNPEzWf" title="Financial liabilities">4,028</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">- 2026 Avondale Prepaid Purchase #1</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90E_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20260630__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase1Member_zjVWdq5UXhbc" title="Financial liabilities">1,162</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_907_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20260630__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase1Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zwg7kH8Yo3La" title="Financial liabilities">-</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_902_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20260630__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase1Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zFPX3F2V5ts5" title="Financial liabilities">-</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_909_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20260630__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase1Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zOyHWRSRvWAc" title="Financial liabilities">1,162</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">- 2026 Avondale Prepaid Purchase #2</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_906_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20260630__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase2Member_zsM8f1C7Fwr4" title="Financial liabilities">4,872</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90E_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20260630__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase2Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zSoB5T9zN3Tk" title="Financial liabilities">-</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90B_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20260630__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase2Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zZyTrayi1w5a" title="Financial liabilities">-</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_909_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20260630__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase2Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_z6Vd3X9hmvJc" title="Financial liabilities">4,872</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <th style="text-align: center; vertical-align: top; padding-bottom: 1pt"> </th> <th style="text-align: center; padding-bottom: 1pt"> </th> <th colspan="2" style="border-bottom: Black 1pt solid; text-align: center">As of December 31, 2025</th> <th style="text-align: center; white-space: nowrap; padding-bottom: 1pt"> </th> <th style="text-align: center; padding-bottom: 1pt"> </th> <th colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Quoted price in Active Market (Level 1)</th> <th style="text-align: center; white-space: nowrap; padding-bottom: 1pt"> </th> <th style="text-align: center; padding-bottom: 1pt"> </th> <th colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Significant other observable input (Level 2)</th> <th style="text-align: center; white-space: nowrap; padding-bottom: 1pt"> </th> <th style="text-align: center; padding-bottom: 1pt"> </th> <th colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Significant other unobservable input (Level 3)</th> <th style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </th> </tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Warrants</td> <td style="width: 1%"> </td> <td style="text-align: left; width: 1%">$</td> <td style="text-align: right; width: 9%">1,051</td> <td style="text-align: left; white-space: nowrap; width: 1%"> </td> <td style="width: 1%"> </td> <td style="text-align: left; width: 1%">$</td> <td style="text-align: right; width: 9%"><span id="xdx_902_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20251231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zJOuss8MfPPh" title="Financial liabilities">1,051</td> <td style="text-align: left; white-space: nowrap; width: 1%"> </td> <td style="width: 1%"> </td> <td style="text-align: left; width: 1%">$</td> <td style="text-align: right; width: 9%"><span id="xdx_90C_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20251231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zw0q3PH54nwb" title="Financial liabilities">-</td> <td style="text-align: left; white-space: nowrap; width: 1%"> </td> <td style="width: 1%"> </td> <td style="text-align: left; width: 1%">$</td> <td style="text-align: right; width: 9%"><span id="xdx_908_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20251231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zPSEqnnuADZ" title="Financial liabilities">-</td> <td style="text-align: left; white-space: nowrap; width: 1%"> </td> </tr> <tr style="vertical-align: bottom; background-color: #FFFFFF"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Convertible Note</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">- 2025Avondale Prepaid Purchase #1</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90B_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20251231__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase1Member_zK8DskKj18Oj" title="Financial liabilities">1,231</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90A_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20251231__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase1Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zFTQ4AOKUqV6" title="Financial liabilities">-</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90A_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20251231__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase1Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zUiyMUPdnopa" title="Financial liabilities">-</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_903_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20251231__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase1Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zdnP130dcb98" title="Financial liabilities">1,231</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="vertical-align: bottom; background-color: #FFFFFF"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">- 2025 Avondale Prepaid Purchase #2</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_900_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20251231__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase2Member_zjSMI4M26Jgk" title="Financial liabilities">2,749</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_907_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20251231__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase2Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zV54zeHpSbad" title="Financial liabilities">-</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_900_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20251231__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase2Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zUvng2G3oCU9" title="Financial liabilities">-</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_900_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20251231__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase2Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zdrRStcysri8" title="Financial liabilities">2,749</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">- 2025 Avondale Prepaid Purchase #3</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90D_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20251231__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase3Member_z4LaHK5PYrX7" title="Financial liabilities">4,683</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">-</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">-</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90B_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20251231__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase3Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zSt3WStXqSg3" title="Financial liabilities">4,683</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="vertical-align: bottom; background-color: #FFFFFF"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">- 2025 Avondale Prepaid Purchase #4</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90D_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20251231__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase4Member_zmgfZnUHOC04" title="Financial liabilities">3,996</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90C_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20251231__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase4Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_z3U57pkvtxQc" title="Financial liabilities">-</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_905_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20251231__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase4Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zQuTApWyLUkj" title="Financial liabilities">-</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90B_eus-gaap--FinancialLiabilitiesFairValueDisclosure_iI_pn3n3_c20251231__us-gaap--LongtermDebtTypeAxis__us-gaap--ConvertibleDebtMember__srt--CounterpartyNameAxis__custom--AvondalePrepaidPurchase4Member__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_z2mZUgggny8" title="Financial liabilities">3,996</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> </table>

1199000

694000

505000

4028000

1162000

4872000

1051000

1231000

2749000

4683000

3996000

<table cellpadding="0" cellspacing="0" id="xdx_898_eus-gaap--FairValueLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock_pn3n3_zLXl3sSqEKyb" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Summary of Significant Accounting Policies and Basis of Presentation (Details 4)"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td id="xdx_8B5_zVe4u0wk6C29" style="display: none; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Schedule of changes in fair value of the liabilities</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td></tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Warrant liability – January 1, 2026</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">1,051</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1pt">Change in fair value of derivative instruments</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(378</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt">)</td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Warrant liability – March 31, 2026</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">673</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1pt">Change in fair value of derivative instruments</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">526</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Warrant liability – June 30, 2026</td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">1,199</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Warrant liability – January 1, 2025</td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">5,048</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1pt">Change in fair value of derivative instruments</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(2,314</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt">)</td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Warrant liability – March 31, 2025</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">2,734</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1pt">Change in fair value of derivative instruments</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(1,262</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt">)</td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Warrant liability – June 30, 2025</td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">1,472</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> </table>

1051000

378000

673000

-526000

1199000

5048000

2314000

2734000

1262000

1472000

4479000

4679000

382000

500000

<table cellpadding="0" cellspacing="0" id="xdx_89F_eus-gaap--FairValueAssetsMeasuredOnNonrecurringBasisValuationTechniquesTextBlock_pn3n3_zgjbgqFGPuUd" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Summary of Significant Accounting Policies and Basis of Presentation (Details 5)"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td id="xdx_8BF_z8W45lhvwYK8" style="display: none; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Schedule of valuation models</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td></tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid">Inputs</td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">June 30, 2026</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">December 31, 2025</td> <td style="padding-bottom: 1pt"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; vertical-align: top">Valuation method</td> <td style="text-align: center"> </td> <td colspan="2" style="text-align: center">Scenario based analysis</td> <td style="text-align: center; white-space: nowrap"> </td> <td style="text-align: center"> </td> <td colspan="2" style="text-align: center">Scenario based analysis</td> <td style="text-align: center; white-space: nowrap"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Stock price</td> <td style="width: 1%"> </td> <td style="text-align: left; width: 1%">$</td> <td style="text-align: right; width: 9%"><span id="xdx_90F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice_iI_pid_c20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase4Member_zKOrKb53cJE7" title="Stock Price">0.18</td> <td style="text-align: left; white-space: nowrap; width: 1%"> </td> <td style="width: 1%"> </td> <td style="text-align: left; width: 1%">$</td> <td style="text-align: right; width: 9%"><span id="xdx_904_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice_iI_pid_c20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase4Member_zkJJvKEUgCue" title="Stock Price">0.33</td> <td style="text-align: left; white-space: nowrap; width: 1%"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Equity dividend yield</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_pid_dp_c20260101__20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase4Member_zUvEpQfwrfi9" title="Equity dividend yield">0.00</td> <td style="text-align: left; white-space: nowrap">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_pid_dp_c20250101__20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase4Member_zvCC8HhSfEZe" title="Equity dividend yield">0.00</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Expected term (years)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90C_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_dtY_c20260101__20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase4Member_zrWtoAmHIide" title="Expected term (years)">1.738</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90D_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_dtY_c20250101__20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase4Member_zPCpqOdEJQP2" title="Expected term (years)">2.32</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Volatility</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_901_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_pid_dp_c20260101__20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase4Member_zlb6C9PiVD32" title="Volatility">101.60</td> <td style="text-align: left; white-space: nowrap">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_900_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_pid_dp_c20250101__20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase4Member_zekzeUEu7K9i" title="Volatility">116.40</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Discount rate</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_907_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsDiscountForPostvestingRestrictions_pid_dp_c20260101__20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase4Member_zSI0KOX8KRIc" title="Discount rate">3.72</td> <td style="text-align: left; white-space: nowrap">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsDiscountForPostvestingRestrictions_pid_dp_c20250101__20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase4Member_zqZePcQvDBN1" title="Discount rate">3.59</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Risk free rate</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_908_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_pid_dp_c20260101__20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase4Member_z5nBXz3rJQC3" title="Risk free rate">4.06</td> <td style="text-align: left; white-space: nowrap">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_pid_dp_c20250101__20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase4Member_zLGO1xO550il" title="Risk free rate">3.46</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> </table> Avondale (2026) Pre-Paid Purchase #1 <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid">Inputs</td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">June 30, 2026</td> <td style="padding-bottom: 1pt"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Valuation method</td> <td> </td> <td colspan="2" style="vertical-align: bottom; text-align: center">Scenario based analysis</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Stock price</td> <td style="width: 1%"> </td> <td style="text-align: left; width: 1%">$</td> <td style="text-align: right; width: 9%"><span id="xdx_908_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice_iI_pid_c20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_znGscWohfeV" title="Stock Price">0.19</td> <td style="text-align: left; white-space: nowrap; width: 1%"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Equity dividend yield</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_905_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_pid_dp_c20260101__20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_zH7pKBJbsPOb" title="Equity dividend yield">0.00</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Expected term (years)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_907_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_dtY_c20260101__20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_zb7uFZgXZPZe" title="Expected term (years)">1.738</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Volatility</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_pid_dp_c20260101__20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_zCxoegr6lev9" title="Volatility">101.60</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Discount rate</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_901_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsDiscountForPostvestingRestrictions_pid_dp_c20260101__20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_z3lAWSILZ7J3" title="Discount rate">4.01</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Risk free rate</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_902_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_pid_dp_c20260101__20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_zsugtqStgaqe" title="Risk free rate">4.06</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> </table> Avondale (2026) Pre-Paid Purchase #2 <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid">Inputs</td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">June 30, 2026</td> <td style="padding-bottom: 1pt"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Valuation method</td> <td> </td> <td colspan="2" style="text-align: center">Scenario based analysis</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Stock price</td> <td style="width: 1%"> </td> <td style="text-align: left; width: 1%">$</td> <td style="text-align: right; width: 9%"><span id="xdx_905_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice_iI_pid_c20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase2Member_zTLTxSby8Sgf" title="Stock Price">0.19</td> <td style="text-align: left; white-space: nowrap; width: 1%"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Equity dividend yield</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_908_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_pid_dp_c20260101__20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase2Member_z88LY5x2sKCf" title="Equity dividend yield">0.00</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Expected term (years)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_904_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_dtY_c20260101__20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase2Member_z56ggThw8lD3" title="Expected term (years)">1.738</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Volatility</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_pid_dp_c20260101__20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase2Member_zu4Ir0Q6hFbd" title="Volatility">101.60</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Discount rate</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsDiscountForPostvestingRestrictions_pid_dp_c20260101__20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase2Member_zoJizPY0XUGa" title="Discount rate">4.01</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Risk free rate</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_pid_dp_c20260101__20260630__us-gaap--LongtermDebtTypeAxis__custom--Purchase2Member_zYptJBhneK24" title="Risk free rate">3.92</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> </table> Streeterville Pre-Paid Purchase #3 <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid">Inputs</td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">December 31, 2025</td> <td style="padding-bottom: 1pt"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Valuation method</td> <td> </td> <td colspan="2" style="text-align: center">Scenario based analysis</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; width: 88%">Stock price</td> <td style="width: 1%"> </td> <td style="text-align: left; width: 1%">$</td> <td style="text-align: right; width: 9%"><span id="xdx_90C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice_iI_pid_c20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase3Member_zmB9UQVQHL6" title="Stock Price">1.82</td> <td style="text-align: left; white-space: nowrap; width: 1%"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Equity dividend yield</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_908_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_pid_dp_c20250101__20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase3Member_zARbcIIPUiB1" title="Equity dividend yield">0.00</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Expected term (years)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_905_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_dtY_c20250101__20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase3Member_zEf3PhPBoG35" title="Expected term (years)">2.42</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Volatility</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_900_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_pid_dp_c20250101__20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase3Member_zUPOcknRTgde" title="Volatility">100.80</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Discount rate</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_903_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsDiscountForPostvestingRestrictions_pid_dp_c20250101__20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase3Member_zWKU6WcI8w4l" title="Discount rate">11.80</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Risk free rate</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_pid_dp_c20250101__20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase3Member_zBlzhP2H5qj2" title="Risk free rate">4.22</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> </table> Avondale (2025) Pre-Paid Purchase #1 <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid">Inputs</td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">December 31, 2025</td> <td style="padding-bottom: 1pt"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Valuation method</td> <td> </td> <td colspan="2" style="text-align: center">Scenario based analysis</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; width: 88%">Stock price</td> <td style="width: 1%"> </td> <td style="text-align: left; width: 1%">$</td> <td style="text-align: right; width: 9%"><span id="xdx_904_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice_iI_pid_c20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_zABpwPvZ1z1l" title="Stock Price">0.33</td> <td style="text-align: left; white-space: nowrap; width: 1%"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Equity dividend yield</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_902_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_c20250101__20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_zoeqKnbYenN8" title="Equity dividend yield">0.00</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Expected term (years)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_909_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_dtY_c20250101__20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_z94liId3vNWb" title="Expected term (years)">2.23</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Volatility</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_pid_dp_c20250101__20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_zngk7JTZ1Ll6" title="Volatility">116.40</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Discount rate</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsDiscountForPostvestingRestrictions_pid_dp_c20250101__20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_zHm8cA3pJON7" title="Discount rate">3.59</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Risk free rate</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_909_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_pid_dp_c20250101__20251231__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_zawfu24BLLx7" title="Risk free rate">3.57</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> </table>

0.18

0.33

0.0000

P1Y8M26D

P2Y3M25D

1.0160

1.1640

0.0372

0.0359

0.0406

0.0346

0.19

0.0000

P1Y8M26D

1.0160

0.0401

0.0406

0.19

0.0000

P1Y8M26D

1.0160

0.0401

0.0392

1.82

0.0000

P2Y5M1D

1.0080

0.1180

0.0422

0.33

0.00

P2Y2M23D

1.1640

0.0359

0.0357

Fair Value of Financial Instruments Financial instruments consist of cash and cash equivalents, accounts receivable, unbilled and other receivables and accounts payable. The Company determines the estimated fair value of such financial instruments presented in the unaudited condensed consolidated financial statements is equal to its carrying value due to their short-term nature.

Carrying Value, Recoverability and Impairment of Long-Lived Assets The Company follows FASB ASC 360 “Property, Plant, and Equipment” (“ASC 360”) for its long-lived assets. Pursuant to ASC 360-10-35-17, an impairment loss shall be recognized only if the carrying amount of a long-lived asset (asset group) is not recoverable and exceeds its fair value. The carrying amount of a long-lived asset (asset group) is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset (asset group). That assessment shall be based on the carrying amount of the asset (asset group) at the date it is tested for recoverability. An impairment loss shall be measured as the amount by which the carrying amount of a long-lived asset (asset group) exceeds its fair value. Pursuant to ASC 360-10-35-20 if an impairment loss is recognized, the adjusted carrying amount of a long-lived asset shall be its new cost basis. For a depreciable long-lived asset, the new cost basis shall be depreciated (amortized) over the remaining useful life of that asset. Restoration of a previously recognized impairment loss is prohibited. Pursuant to ASC 360-10-35-21, the Company’s long-lived asset (asset group) is tested for recoverability whenever events or changes in circumstances indicate that its carrying amount may not be recoverable. The Company considers the following to be some examples of such events or changes in circumstances that may trigger an impairment review: (a) significant decrease in the market price of a long-lived asset (asset group); (b) a significant adverse change in the extent or manner in which a long-lived asset (asset group) is being used or in its physical condition; (c) a significant adverse change in legal factors or in the business climate that could affect the value of a long-lived asset (asset group), including an adverse action or assessment by a regulator; (d) an accumulation of costs significantly in excess of the amount originally expected for the acquisition or construction of a long-lived asset (asset group); (e) a current-period operating or cash flow loss combined with a history of operating or cash flow losses or a projection or forecast that demonstrates continuing losses associated with the use of a long-lived asset (asset group); and (f) a current expectation that, more likely than not, a long-lived asset (asset group) will be sold or otherwise disposed of significantly before the end of its previously estimated useful life. The Company tests its long-lived assets for potential impairment indicators at least annually and more frequently upon the occurrence of such events. Based on its assessments, the Company recorded no impairment charges on long-lived assets for the six months ended June 30, 2026 and June 30, 2025.

0 0

Recently Adopted Accounting Pronouncement In November 2024, the FASB issued ASU No. 2024-04 “Debt—Debt with Conversion and Other Options (Subtopic 470-20)”. The amendment requires companies to apply a preexisting contract approach. Under this approach, a settlement qualifies for induced conversion accounting if the inducement offer preserves the form of consideration and results in an amount of consideration that is no less than that issuable pursuant to the preexisting conversion privileges. The ASU is effective for annual and interim reporting periods in fiscal years beginning after December 15, 2025, with early adoption permitted for entities that have adopted the amendments in ASU 2020-06. The Company adopted this guidance effective January 1, 2026. The adoption of ASU 2024-04 did not have a material impact on the Company’s unaudited condensed consolidated financial statements for the six months ended June 30, 2026. In July 2025, the FASB issued ASU 2025-05, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets, which provides a practical expedient when estimating expected credit losses for current accounts receivable and current contract assets arising from transactions accounted for under Topic 606. The practical expedient allows companies to assume the current conditions as of the balance sheet date do not change for the remaining life of the asset when measuring credit losses. The amendments in ASU 2025‑05 are effective for annual reporting periods beginning after December 15, 2025, and interim periods within those annual reporting periods. The Company adopted this guidance effective January 1, 2026. The adoption of ASU 2025‑05 did not have a material impact on the Company’s unaudited condensed consolidated financial statements for the six months ended June 30, 2026.

Recently Issued Accounting Standards Not Yet Adopted In November 2024, the FASB issued ASU No. 2024-03 “Disaggregation of Income Statement Expenses”. The amendment requires more detailed information about specified categories of expenses (purchases of inventory, employee compensation, depreciation, amortization, and depletion) included in certain expense captions presented on the face of the income statement. This ASU is effective for fiscal years beginning after December 15, 2026 and for interim periods within fiscal years beginning after December 15, 2027. Early adoption is permitted. The amendments may be applied either (1) prospectively to unaudited condensed consolidated financial statements issued for reporting periods after the effective date of this ASU or (2) retrospectively to all prior periods presented in the unaudited condensed consolidated financial statements. We are currently evaluating the impact this ASU will have on our disclosures. In May 2025, the FASB issued ASU 2025-04, “Compensation - Stock Compensation (Topic 718) and Revenue from Contracts with Customers (Topic 606): Clarifications to Share-Based Consideration Payable to a Customer”. The amendments clarify the accounting for share-based consideration payable to a customer in connection with the sale of goods or services, including the measurement date, vesting conditions and recognition of the resulting reduction in the transaction price. The amendments are effective for annual and interim reporting periods in fiscal years beginning after December 15, 2026, with early adoption permitted. The Company is currently evaluating the impact of adopting this guidance on its condensed consolidated financial statements and related disclosures. In September 2025, the FASB issued ASU 2025-06, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software, which modernizes the accounting for internal-use software to current development practices, clarifies when to begin capitalizing costs, and enhances disclosure requirements. The amendments in ASU 2025-06 are effective for annual periods beginning after December 15, 2027, and interim periods within those annual reporting periods. Early adoption is permitted. The Company is currently evaluating the impact of this standard on the Company’s unaudited condensed consolidated financial statements. In December 2025, the FASB issued ASU 2025-11, “Interim Reporting (Topic 270): Narrow-Scope Improvements”. The amendments improve the organization and clarity of the interim reporting guidance and establish a principle requiring disclosure of events and changes since the end of the most recent annual reporting period that have a material effect on an entity. The amendments are effective for interim periods beginning after December 15, 2027 for public business entities, with early adoption permitted. The Company is currently evaluating the impact of adopting this guidance on its interim financial statement disclosures. NOTE 3 - Disaggregation of Revenue The Company recognizes revenue when control is transferred of the promised products or services to its customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those products or services. The Company derives revenue from software as a service, design and implementation services for its enterprise apps solutions systems, and professional services for work performed in conjunction with its systems, and sale of hardware. Revenues consisted of the following (in thousands): <table cellpadding="0" cellspacing="0" id="xdx_890_eus-gaap--DisaggregationOfRevenueTableTextBlock_pn3n3_zXdhuBWcx3j" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Disaggregation of Revenue (Details)"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Schedule of disaggregation of revenue</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td></tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Three Months Ended June 30, 2026</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Six Months Ended June 30, 2026</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Three Months Ended June 30, 2025</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Six Months Ended June 30, 2025</td> <td style="padding-bottom: 1pt"> </td> </tr> <tr style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Subscription revenue</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right"> </td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right"> </td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right"> </td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right"> </td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1pt">Software, License & Maintenance Contracts(1)</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_90C_eus-gaap--Revenues_pn3n3_c20260401__20260630__us-gaap--SubsegmentsAxis__custom--SubscriptionRevenueMember__srt--ProductOrServiceAxis__custom--SoftwareMember_fKDEp_z7kCJ4dGvTwe" title="Total revenue">1,093</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_900_eus-gaap--Revenues_pn3n3_c20260101__20260630__us-gaap--SubsegmentsAxis__custom--SubscriptionRevenueMember__srt--ProductOrServiceAxis__custom--SoftwareMember_fKDEp_zwtOATOnA148" title="Total revenue">2,027</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_90B_eus-gaap--Revenues_pn3n3_c20250401__20250630__us-gaap--SubsegmentsAxis__custom--SubscriptionRevenueMember__srt--ProductOrServiceAxis__custom--SoftwareMember_fKDEp_z7LkThlxrTs2" title="Total revenue">1,175</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_90C_eus-gaap--Revenues_pn3n3_c20250101__20250630__us-gaap--SubsegmentsAxis__custom--SubscriptionRevenueMember__srt--ProductOrServiceAxis__custom--SoftwareMember_fKDEp_zhsqQmjLRkAf" title="Total revenue">2,386</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> </tr> <tr style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Total subscription revenue</td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">1,093</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">2,027</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">1,175</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">2,386</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> <tr style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Non-subscription revenue</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Professional services(2)</td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right"><span id="xdx_90E_eus-gaap--Revenues_pn3n3_c20260401__20260630__us-gaap--SubsegmentsAxis__custom--NonSubscriptionRevenueMember__srt--ProductOrServiceAxis__custom--ProfessionalServicesMember_fKDIp_zemMg0ZTqpO1" title="Total revenue">63</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right"><span id="xdx_903_eus-gaap--Revenues_pn3n3_c20260101__20260630__us-gaap--SubsegmentsAxis__custom--NonSubscriptionRevenueMember__srt--ProductOrServiceAxis__custom--ProfessionalServicesMember_fKDIp_zK3eg0KkpLGl" title="Total revenue">77</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right"><span id="xdx_900_eus-gaap--Revenues_pn3n3_c20250401__20250630__us-gaap--SubsegmentsAxis__custom--NonSubscriptionRevenueMember__srt--ProductOrServiceAxis__custom--ProfessionalServicesMember_fKDIp_zIzSZwgdDjAe" title="Total revenue">20</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right"><span id="xdx_902_eus-gaap--Revenues_pn3n3_c20250101__20250630__us-gaap--SubsegmentsAxis__custom--NonSubscriptionRevenueMember__srt--ProductOrServiceAxis__custom--ProfessionalServicesMember_fKDIp_z6ACqIjvgN93" title="Total revenue">33</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Hardware(3)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90B_eus-gaap--Revenues_pn3n3_c20260401__20260630__us-gaap--SubsegmentsAxis__custom--NonSubscriptionRevenueMember__srt--ProductOrServiceAxis__custom--HardwareMember_fKDMp_zkLu8Z4qh3H3" title="Total revenue">12</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90F_eus-gaap--Revenues_pn3n3_c20260101__20260630__us-gaap--SubsegmentsAxis__custom--NonSubscriptionRevenueMember__srt--ProductOrServiceAxis__custom--HardwareMember_fKDMp_zLSs8vZQrsif" title="Total revenue">14</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_909_eus-gaap--Revenues_pn3n3_c20250401__20250630__us-gaap--SubsegmentsAxis__custom--NonSubscriptionRevenueMember__srt--ProductOrServiceAxis__custom--HardwareMember_fKDMp_z0bFVAqETIta" title="Total revenue">28</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90A_eus-gaap--Revenues_pn3n3_c20250101__20250630__us-gaap--SubsegmentsAxis__custom--NonSubscriptionRevenueMember__srt--ProductOrServiceAxis__custom--HardwareMember_fKDMp_zZWD86ji1kda" title="Total revenue">28</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Managed advertising(4)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_900_eus-gaap--Revenues_pn3n3_c20260401__20260630__us-gaap--SubsegmentsAxis__custom--NonSubscriptionRevenueMember__srt--ProductOrServiceAxis__custom--ManagedAdvertisingMember_fKDQp_z09LZUXs9cia" title="Total revenue">435</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_905_eus-gaap--Revenues_pn3n3_c20250401__20250630__us-gaap--SubsegmentsAxis__custom--NonSubscriptionRevenueMember__srt--ProductOrServiceAxis__custom--ManagedAdvertisingMember_fKDQp_z2frME3QJcYe" title="Total revenue">435</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_900_eus-gaap--Revenues_pn3n3_c20260101__20260630__us-gaap--SubsegmentsAxis__custom--NonSubscriptionRevenueMember__srt--ProductOrServiceAxis__custom--ManagedAdvertisingMember_fKDQp_z2hpKMuKG1kb" title="Total revenue">-</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90A_eus-gaap--Revenues_pn3n3_c20250101__20250630__us-gaap--SubsegmentsAxis__custom--NonSubscriptionRevenueMember__srt--ProductOrServiceAxis__custom--ManagedAdvertisingMember_fKDQp_zBIlUHwZ71m" title="Total revenue">-</td> <td style="text-align: left; white-space: nowrap"> </td></tr> <tr style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="padding-bottom: 1pt; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Growth marketing advisory(5)</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_903_eus-gaap--Revenues_pn3n3_c20260401__20260630__us-gaap--SubsegmentsAxis__custom--NonSubscriptionRevenueMember__srt--ProductOrServiceAxis__custom--GrowthMarketingAdvisoryMember_fKDUp_z8yP234oxu9" title="Total revenue">91</td> <td style="padding-bottom: 1pt; text-align: left; white-space: nowrap"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_903_eus-gaap--Revenues_pn3n3_c20250401__20250630__us-gaap--SubsegmentsAxis__custom--NonSubscriptionRevenueMember__srt--ProductOrServiceAxis__custom--GrowthMarketingAdvisoryMember_fKDUp_zDQMUkVQ3mug" title="Total revenue">91</td> <td style="padding-bottom: 1pt; text-align: left; white-space: nowrap"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_907_eus-gaap--Revenues_pn3n3_c20250101__20250630__us-gaap--SubsegmentsAxis__custom--NonSubscriptionRevenueMember__srt--ProductOrServiceAxis__custom--GrowthMarketingAdvisoryMember_fKDUp_zX6zODTw2qsj" title="Total revenue">-</td> <td style="padding-bottom: 1pt; text-align: left; white-space: nowrap"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_904_eus-gaap--Revenues_pn3n3_c20240101__20240630__us-gaap--SubsegmentsAxis__custom--NonSubscriptionRevenueMember__srt--ProductOrServiceAxis__custom--GrowthMarketingAdvisoryMember_fKDUp_zDKRo4nGxOm7" title="Total revenue">-</td> <td style="padding-bottom: 1pt; text-align: left; white-space: nowrap"> </td></tr> <tr style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Total non-subscription revenue</td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">601</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">617</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">48</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">61</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> <tr style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Total Revenue</td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">1,694</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">2,644</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">1,223</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">2,447</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Three Months Ended June 30, 2026</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Six Months Ended June 30, 2026</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Three Months Ended June 30, 2025</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Six Months Ended June 30, 2025</td> <td style="padding-bottom: 1pt"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Revenue recognized over time(1)(2)(4)(5)</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">1,682</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">2,630</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">1,195</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">2,419</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1pt">Revenue recognized at point in time(3)</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">12</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">14</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">28</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">28</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">1,694</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">2,644</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">1,223</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">2,447</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid">Geographic area</td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Three Months Ended June 30, 2026</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Six Months Ended June 30, 2026</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Three Months Ended June 30, 2025</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Six Months Ended June 30, 2025</td> <td style="padding-bottom: 1pt"> </td> </tr> <tr style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">United States</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">1,001</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">1,941</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">1,199</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">2,396</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Canada</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">4</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">14</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">24</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">51</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1pt">Australia</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">689</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">689</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">-</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">-</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> </tr> <tr style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Total</td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">1,694</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">2,644</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">1,223</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">2,447</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> </table> <div style="width: 25%; margin-left: 0; margin-right: auto"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td id="xdx_F0F_z8Du5OBsLFJa" style="text-align: left">(1)</td> <td id="xdx_F16_zjxC3fXv8Iud" style="text-align: justify"> Software As A Service Subscription Revenue’s performance obligation is satisfied evenly over the service period using a time-based measure because the Company is providing continuous access to its service and service is recognized over time. Additionally, it also includes access to technology platform and search-engine optimization solutions provided to customers.</td></tr> <tr style="vertical-align: top"> <td id="xdx_F0E_zDfreac5uena" style="width: 0.25in; text-align: left">(2)</td> <td id="xdx_F1A_zZm9Uskjlijd" style="text-align: justify"> Professional services are also contracted on the fixed fee and time and materials basis. Fixed fees are paid monthly, in phases, or upon acceptance of deliverables. The Company has generally elected the practical expedient to recognize revenue for the right to invoice because the Company’s right to consideration corresponds directly with the value to the customer of the performance completed to date.</td> </tr> <tr style="vertical-align: top"> <td id="xdx_F00_zSlEygvpZh7" style="text-align: left">(3)</td> <td id="xdx_F1F_zLUuTsPn3bD5" style="text-align: justify"> Hardware revenue is recognized at a point in time when the control over the goods transfers to the customer - upon delivery to the customers.</td> </tr> <tr style="vertical-align: top"> <td id="xdx_F0C_z7UX3CClIWCk" style="text-align: left">(4)</td> <td id="xdx_F16_zX1eW5OLI54b" style="text-align: justify"> Managed advertising services represent a series of distinct services that are substantially the same and have the same pattern of transfer to the customer. Revenue from these services is recognized over time because the customer simultaneously receives and consumes the benefits as the Company performs.</td> </tr> <tr style="vertical-align: top"> <td id="xdx_F0A_zJuc9CPB8pOf" style="text-align: left">(5)</td> <td id="xdx_F14_zA3hf3RaprPl" style="text-align: justify">Growth marketing advisory, which includes website and network development and its related services, revenue is recognized over time when the applicable criteria for over-time recognition are met, primarily where the services performed create no alternative use to the Company and the Company has an enforceable right to payment for work completed to date.</td></tr> </table>

<table cellpadding="0" cellspacing="0" id="xdx_890_eus-gaap--DisaggregationOfRevenueTableTextBlock_pn3n3_zXdhuBWcx3j" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Disaggregation of Revenue (Details)"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Schedule of disaggregation of revenue</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td></tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Three Months Ended June 30, 2026</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Six Months Ended June 30, 2026</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Three Months Ended June 30, 2025</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Six Months Ended June 30, 2025</td> <td style="padding-bottom: 1pt"> </td> </tr> <tr style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Subscription revenue</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right"> </td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right"> </td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right"> </td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right"> </td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1pt">Software, License & Maintenance Contracts(1)</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_90C_eus-gaap--Revenues_pn3n3_c20260401__20260630__us-gaap--SubsegmentsAxis__custom--SubscriptionRevenueMember__srt--ProductOrServiceAxis__custom--SoftwareMember_fKDEp_z7kCJ4dGvTwe" title="Total revenue">1,093</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_900_eus-gaap--Revenues_pn3n3_c20260101__20260630__us-gaap--SubsegmentsAxis__custom--SubscriptionRevenueMember__srt--ProductOrServiceAxis__custom--SoftwareMember_fKDEp_zwtOATOnA148" title="Total revenue">2,027</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_90B_eus-gaap--Revenues_pn3n3_c20250401__20250630__us-gaap--SubsegmentsAxis__custom--SubscriptionRevenueMember__srt--ProductOrServiceAxis__custom--SoftwareMember_fKDEp_z7LkThlxrTs2" title="Total revenue">1,175</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_90C_eus-gaap--Revenues_pn3n3_c20250101__20250630__us-gaap--SubsegmentsAxis__custom--SubscriptionRevenueMember__srt--ProductOrServiceAxis__custom--SoftwareMember_fKDEp_zhsqQmjLRkAf" title="Total revenue">2,386</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> </tr> <tr style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Total subscription revenue</td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">1,093</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">2,027</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">1,175</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">2,386</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> <tr style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Non-subscription revenue</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Professional services(2)</td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right"><span id="xdx_90E_eus-gaap--Revenues_pn3n3_c20260401__20260630__us-gaap--SubsegmentsAxis__custom--NonSubscriptionRevenueMember__srt--ProductOrServiceAxis__custom--ProfessionalServicesMember_fKDIp_zemMg0ZTqpO1" title="Total revenue">63</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right"><span id="xdx_903_eus-gaap--Revenues_pn3n3_c20260101__20260630__us-gaap--SubsegmentsAxis__custom--NonSubscriptionRevenueMember__srt--ProductOrServiceAxis__custom--ProfessionalServicesMember_fKDIp_zK3eg0KkpLGl" title="Total revenue">77</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right"><span id="xdx_900_eus-gaap--Revenues_pn3n3_c20250401__20250630__us-gaap--SubsegmentsAxis__custom--NonSubscriptionRevenueMember__srt--ProductOrServiceAxis__custom--ProfessionalServicesMember_fKDIp_zIzSZwgdDjAe" title="Total revenue">20</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right"><span id="xdx_902_eus-gaap--Revenues_pn3n3_c20250101__20250630__us-gaap--SubsegmentsAxis__custom--NonSubscriptionRevenueMember__srt--ProductOrServiceAxis__custom--ProfessionalServicesMember_fKDIp_z6ACqIjvgN93" title="Total revenue">33</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Hardware(3)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90B_eus-gaap--Revenues_pn3n3_c20260401__20260630__us-gaap--SubsegmentsAxis__custom--NonSubscriptionRevenueMember__srt--ProductOrServiceAxis__custom--HardwareMember_fKDMp_zkLu8Z4qh3H3" title="Total revenue">12</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90F_eus-gaap--Revenues_pn3n3_c20260101__20260630__us-gaap--SubsegmentsAxis__custom--NonSubscriptionRevenueMember__srt--ProductOrServiceAxis__custom--HardwareMember_fKDMp_zLSs8vZQrsif" title="Total revenue">14</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_909_eus-gaap--Revenues_pn3n3_c20250401__20250630__us-gaap--SubsegmentsAxis__custom--NonSubscriptionRevenueMember__srt--ProductOrServiceAxis__custom--HardwareMember_fKDMp_z0bFVAqETIta" title="Total revenue">28</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90A_eus-gaap--Revenues_pn3n3_c20250101__20250630__us-gaap--SubsegmentsAxis__custom--NonSubscriptionRevenueMember__srt--ProductOrServiceAxis__custom--HardwareMember_fKDMp_zZWD86ji1kda" title="Total revenue">28</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Managed advertising(4)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_900_eus-gaap--Revenues_pn3n3_c20260401__20260630__us-gaap--SubsegmentsAxis__custom--NonSubscriptionRevenueMember__srt--ProductOrServiceAxis__custom--ManagedAdvertisingMember_fKDQp_z09LZUXs9cia" title="Total revenue">435</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_905_eus-gaap--Revenues_pn3n3_c20250401__20250630__us-gaap--SubsegmentsAxis__custom--NonSubscriptionRevenueMember__srt--ProductOrServiceAxis__custom--ManagedAdvertisingMember_fKDQp_z2frME3QJcYe" title="Total revenue">435</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_900_eus-gaap--Revenues_pn3n3_c20260101__20260630__us-gaap--SubsegmentsAxis__custom--NonSubscriptionRevenueMember__srt--ProductOrServiceAxis__custom--ManagedAdvertisingMember_fKDQp_z2hpKMuKG1kb" title="Total revenue">-</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90A_eus-gaap--Revenues_pn3n3_c20250101__20250630__us-gaap--SubsegmentsAxis__custom--NonSubscriptionRevenueMember__srt--ProductOrServiceAxis__custom--ManagedAdvertisingMember_fKDQp_zBIlUHwZ71m" title="Total revenue">-</td> <td style="text-align: left; white-space: nowrap"> </td></tr> <tr style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="padding-bottom: 1pt; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Growth marketing advisory(5)</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_903_eus-gaap--Revenues_pn3n3_c20260401__20260630__us-gaap--SubsegmentsAxis__custom--NonSubscriptionRevenueMember__srt--ProductOrServiceAxis__custom--GrowthMarketingAdvisoryMember_fKDUp_z8yP234oxu9" title="Total revenue">91</td> <td style="padding-bottom: 1pt; text-align: left; white-space: nowrap"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_903_eus-gaap--Revenues_pn3n3_c20250401__20250630__us-gaap--SubsegmentsAxis__custom--NonSubscriptionRevenueMember__srt--ProductOrServiceAxis__custom--GrowthMarketingAdvisoryMember_fKDUp_zDQMUkVQ3mug" title="Total revenue">91</td> <td style="padding-bottom: 1pt; text-align: left; white-space: nowrap"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_907_eus-gaap--Revenues_pn3n3_c20250101__20250630__us-gaap--SubsegmentsAxis__custom--NonSubscriptionRevenueMember__srt--ProductOrServiceAxis__custom--GrowthMarketingAdvisoryMember_fKDUp_zX6zODTw2qsj" title="Total revenue">-</td> <td style="padding-bottom: 1pt; text-align: left; white-space: nowrap"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_904_eus-gaap--Revenues_pn3n3_c20240101__20240630__us-gaap--SubsegmentsAxis__custom--NonSubscriptionRevenueMember__srt--ProductOrServiceAxis__custom--GrowthMarketingAdvisoryMember_fKDUp_zDKRo4nGxOm7" title="Total revenue">-</td> <td style="padding-bottom: 1pt; text-align: left; white-space: nowrap"> </td></tr> <tr style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Total non-subscription revenue</td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">601</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">617</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">48</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">61</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> <tr style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Total Revenue</td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">1,694</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">2,644</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">1,223</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">2,447</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Three Months Ended June 30, 2026</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Six Months Ended June 30, 2026</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Three Months Ended June 30, 2025</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Six Months Ended June 30, 2025</td> <td style="padding-bottom: 1pt"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Revenue recognized over time(1)(2)(4)(5)</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">1,682</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">2,630</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">1,195</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">2,419</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1pt">Revenue recognized at point in time(3)</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">12</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">14</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">28</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">28</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">1,694</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">2,644</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">1,223</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">2,447</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid">Geographic area</td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Three Months Ended June 30, 2026</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Six Months Ended June 30, 2026</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Three Months Ended June 30, 2025</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Six Months Ended June 30, 2025</td> <td style="padding-bottom: 1pt"> </td> </tr> <tr style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">United States</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">1,001</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">1,941</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">1,199</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">2,396</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Canada</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">4</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">14</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">24</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">51</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1pt">Australia</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">689</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">689</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">-</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">-</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> </tr> <tr style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Total</td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">1,694</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">2,644</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">1,223</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">2,447</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> </table> <div style="width: 25%; margin-left: 0; margin-right: auto"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td id="xdx_F0F_z8Du5OBsLFJa" style="text-align: left">(1)</td> <td id="xdx_F16_zjxC3fXv8Iud" style="text-align: justify"> Software As A Service Subscription Revenue’s performance obligation is satisfied evenly over the service period using a time-based measure because the Company is providing continuous access to its service and service is recognized over time. Additionally, it also includes access to technology platform and search-engine optimization solutions provided to customers.</td></tr> <tr style="vertical-align: top"> <td id="xdx_F0E_zDfreac5uena" style="width: 0.25in; text-align: left">(2)</td> <td id="xdx_F1A_zZm9Uskjlijd" style="text-align: justify"> Professional services are also contracted on the fixed fee and time and materials basis. Fixed fees are paid monthly, in phases, or upon acceptance of deliverables. The Company has generally elected the practical expedient to recognize revenue for the right to invoice because the Company’s right to consideration corresponds directly with the value to the customer of the performance completed to date.</td> </tr> <tr style="vertical-align: top"> <td id="xdx_F00_zSlEygvpZh7" style="text-align: left">(3)</td> <td id="xdx_F1F_zLUuTsPn3bD5" style="text-align: justify"> Hardware revenue is recognized at a point in time when the control over the goods transfers to the customer - upon delivery to the customers.</td> </tr> <tr style="vertical-align: top"> <td id="xdx_F0C_z7UX3CClIWCk" style="text-align: left">(4)</td> <td id="xdx_F16_zX1eW5OLI54b" style="text-align: justify"> Managed advertising services represent a series of distinct services that are substantially the same and have the same pattern of transfer to the customer. Revenue from these services is recognized over time because the customer simultaneously receives and consumes the benefits as the Company performs.</td> </tr> <tr style="vertical-align: top"> <td id="xdx_F0A_zJuc9CPB8pOf" style="text-align: left">(5)</td> <td id="xdx_F14_zA3hf3RaprPl" style="text-align: justify">Growth marketing advisory, which includes website and network development and its related services, revenue is recognized over time when the applicable criteria for over-time recognition are met, primarily where the services performed create no alternative use to the Company and the Company has an enforceable right to payment for work completed to date.</td></tr> </table>

1093000

2027000

1175000

2386000

1093000

2027000

1175000

2386000

63000

77000

20000

33000

12000

14000

28000

435000

91000

601000

617000

48000

61000

1694000

2644000

1223000

2447000

1682000

2630000

1195000

2419000

12000

14000

28000

1694000

2644000

1223000

2447000

1001000

1941000

1199000

2396000

4000

14000

24000

51000

689000

1694000

2644000

1223000

2447000

NOTE 4 - Deferred Revenue Deferred revenue activity for the six months ended June 30, 2026 was as follows (in thousands): <table cellpadding="0" cellspacing="0" id="xdx_899_ecustom--ScheduleOfDeferredRevenueTableTextBlock_pn3n3_zed60bCR92Kh" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Deferred Revenue (Details)"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td id="xdx_8BB_zlN8EUPdz6L2" style="display: none; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Schedule of deferred revenue</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td></tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">License Agreements</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Professional Service Agreements</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Hardware</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Total</td> <td style="padding-bottom: 1pt"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Deferred Revenue - January 1, 2026</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_906_eus-gaap--DeferredRevenue_iS_pn3n3_c20260101__20260630__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--LicensingAgreementsMember_zpAohIBjwaH9" title="Deferred revenue, beginning balance">1,414</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_902_eus-gaap--DeferredRevenue_iS_pn3n3_c20260101__20260630__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__custom--ProfessionalServiceAgreementsMember_znmAIu5VGn0f" title="Deferred revenue, beginning balance">51</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_90E_eus-gaap--DeferredRevenue_iS_pn3n3_c20260101__20260630__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__custom--HardwareMember_z5HAZWFNlQLb" title="Deferred revenue, beginning balance">-</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">1,465</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Revenue recognized(1)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90A_ecustom--RecognizedRevenue_pn3n3_c20260101__20260630__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--LicensingAgreementsMember_fKDEp_zeSK2BMeZhak" title="Revenue recognized">(1,865</td> <td style="text-align: left; white-space: nowrap">)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90F_ecustom--RecognizedRevenue_pn3n3_c20260101__20260630__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__custom--ProfessionalServiceAgreementsMember_fKDEp_zn41kDAzQT76" title="Revenue recognized">(77</td> <td style="text-align: left; white-space: nowrap">)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(13</td> <td style="text-align: left; white-space: nowrap">)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(1,955</td> <td style="text-align: left; white-space: nowrap">)</td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in; padding-bottom: 1pt">Revenue deferred</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">1,747</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_901_ecustom--RevenueDeferred_pn3n3_c20260101__20260630__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__custom--ProfessionalServiceAgreementsMember_zlAXeyLBnQTf" title="Revenue deferred">95</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">13</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">1,855</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Deferred Revenue - June 30, 2026</td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_90D_eus-gaap--DeferredRevenue_iE_pn3n3_c20260101__20260630__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--LicensingAgreementsMember_zl5QSb0wJ3y3" title="Deferred revenue, ending balance">1,296</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_908_eus-gaap--DeferredRevenue_iE_pn3n3_c20260101__20260630__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__custom--ProfessionalServiceAgreementsMember_zynt0THmdEAc" title="Deferred revenue, ending balance">69</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_90A_eus-gaap--DeferredRevenue_iE_pn3n3_c20260101__20260630__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__custom--HardwareMember_zKd5Fz6IzQGe" title="Deferred revenue, ending balance">-</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">1,365</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> </table> <div style="width: 25%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0in; margin-bottom: 0in; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td> <td style="width: 0.25in; text-align: left">(1)</td> <td style="text-align: justify">The total revenue for the six months is $2,644 thousand which includes EngineRoom revenue of $689 thousand which is not deferred revenue and hence, not added in the above table.</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">License Agreements</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Professional Service Agreements</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Hardware</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Total</td> <td style="padding-bottom: 1pt"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Deferred Revenue - January 1, 2025</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_90F_eus-gaap--DeferredRevenue_iS_pn3n3_c20250101__20251231__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--LicensingAgreementsMember_zkkLpYDVh1Pe" title="Deferred revenue, beginning balance">2,604</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_90A_eus-gaap--DeferredRevenue_iS_pn3n3_c20250101__20251231__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__custom--ProfessionalServiceAgreementsMember_zamHIpeKsGid" title="Deferred revenue, beginning balance">61</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_904_eus-gaap--DeferredRevenue_iS_pn3n3_c20250101__20251231__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__custom--HardwareMember_zpINYnW4d0K5" title="Deferred revenue, beginning balance">18</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">2,683</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Revenue recognized</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(4,480</td> <td style="text-align: left; white-space: nowrap">)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_904_ecustom--RecognizedRevenue_pn3n3_c20250101__20251231__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__custom--ProfessionalServiceAgreementsMember_zRAKZ2JofGP5" title="Revenue recognized">(73</td> <td style="text-align: left; white-space: nowrap">)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(30</td> <td style="text-align: left; white-space: nowrap">)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(4,583</td> <td style="text-align: left; white-space: nowrap">)</td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Revenue deferred</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">3,234</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90F_ecustom--RevenueDeferred_pn3n3_c20250101__20251231__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__custom--ProfessionalServiceAgreementsMember_zOzJjrbKziQh" title="Revenue deferred">63</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">12</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">3,309</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in; padding-bottom: 1pt">Advance from Customers</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_90B_ecustom--AdvanceFromCustomer_iP3custom--RevenueDeferred_pn3n3_c20250101__20251231__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--LicensingAgreementsMember_z22O5cEkezt7" title="Advance from customer">56</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_900_ecustom--AdvanceFromCustomer_pn3n3_c20250101__20251231__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__custom--ProfessionalServiceAgreementsMember_zH8VCjnakM81" title="Advance from customer">-</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">-</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">56</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Deferred Revenue - December 31, 2025</td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_904_eus-gaap--DeferredRevenue_iE_pn3n3_c20250101__20251231__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--LicensingAgreementsMember_zXk1xORsA8hd" title="Deferred revenue, ending balance">1,414</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_902_eus-gaap--DeferredRevenue_iE_pn3n3_c20250101__20251231__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__custom--ProfessionalServiceAgreementsMember_zVQajDmlQsFd" title="Deferred revenue, ending balance">51</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_902_eus-gaap--DeferredRevenue_iE_pn3n3_c20250101__20251231__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__custom--HardwareMember_z5JaPIbUpK72" title="Deferred revenue, ending balance">-</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">1,465</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> </table> Deferred revenues were approximately $1,365 thousand and $1,465 thousand as of June 30, 2026 and December 31, 2025, respectively. The fair value of the deferred revenue approximates the services to be rendered. <table cellpadding="0" cellspacing="0" id="xdx_899_ecustom--ScheduleOfDeferredRevenueTableTextBlock_pn3n3_zed60bCR92Kh" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Deferred Revenue (Details)"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td id="xdx_8BB_zlN8EUPdz6L2" style="display: none; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Schedule of deferred revenue</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td></tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">License Agreements</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Professional Service Agreements</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Hardware</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Total</td> <td style="padding-bottom: 1pt"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Deferred Revenue - January 1, 2026</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_906_eus-gaap--DeferredRevenue_iS_pn3n3_c20260101__20260630__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--LicensingAgreementsMember_zpAohIBjwaH9" title="Deferred revenue, beginning balance">1,414</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_902_eus-gaap--DeferredRevenue_iS_pn3n3_c20260101__20260630__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__custom--ProfessionalServiceAgreementsMember_znmAIu5VGn0f" title="Deferred revenue, beginning balance">51</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_90E_eus-gaap--DeferredRevenue_iS_pn3n3_c20260101__20260630__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__custom--HardwareMember_z5HAZWFNlQLb" title="Deferred revenue, beginning balance">-</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">1,465</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Revenue recognized(1)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90A_ecustom--RecognizedRevenue_pn3n3_c20260101__20260630__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--LicensingAgreementsMember_fKDEp_zeSK2BMeZhak" title="Revenue recognized">(1,865</td> <td style="text-align: left; white-space: nowrap">)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90F_ecustom--RecognizedRevenue_pn3n3_c20260101__20260630__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__custom--ProfessionalServiceAgreementsMember_fKDEp_zn41kDAzQT76" title="Revenue recognized">(77</td> <td style="text-align: left; white-space: nowrap">)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(13</td> <td style="text-align: left; white-space: nowrap">)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(1,955</td> <td style="text-align: left; white-space: nowrap">)</td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in; padding-bottom: 1pt">Revenue deferred</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">1,747</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_901_ecustom--RevenueDeferred_pn3n3_c20260101__20260630__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__custom--ProfessionalServiceAgreementsMember_zlAXeyLBnQTf" title="Revenue deferred">95</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">13</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">1,855</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Deferred Revenue - June 30, 2026</td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_90D_eus-gaap--DeferredRevenue_iE_pn3n3_c20260101__20260630__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--LicensingAgreementsMember_zl5QSb0wJ3y3" title="Deferred revenue, ending balance">1,296</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_908_eus-gaap--DeferredRevenue_iE_pn3n3_c20260101__20260630__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__custom--ProfessionalServiceAgreementsMember_zynt0THmdEAc" title="Deferred revenue, ending balance">69</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_90A_eus-gaap--DeferredRevenue_iE_pn3n3_c20260101__20260630__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__custom--HardwareMember_zKd5Fz6IzQGe" title="Deferred revenue, ending balance">-</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">1,365</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> </table> <div style="width: 25%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0in; margin-bottom: 0in; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td> <td style="width: 0.25in; text-align: left">(1)</td> <td style="text-align: justify">The total revenue for the six months is $2,644 thousand which includes EngineRoom revenue of $689 thousand which is not deferred revenue and hence, not added in the above table.</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">License Agreements</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Professional Service Agreements</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Hardware</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Total</td> <td style="padding-bottom: 1pt"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Deferred Revenue - January 1, 2025</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_90F_eus-gaap--DeferredRevenue_iS_pn3n3_c20250101__20251231__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--LicensingAgreementsMember_zkkLpYDVh1Pe" title="Deferred revenue, beginning balance">2,604</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_90A_eus-gaap--DeferredRevenue_iS_pn3n3_c20250101__20251231__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__custom--ProfessionalServiceAgreementsMember_zamHIpeKsGid" title="Deferred revenue, beginning balance">61</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_904_eus-gaap--DeferredRevenue_iS_pn3n3_c20250101__20251231__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__custom--HardwareMember_zpINYnW4d0K5" title="Deferred revenue, beginning balance">18</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">2,683</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Revenue recognized</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(4,480</td> <td style="text-align: left; white-space: nowrap">)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_904_ecustom--RecognizedRevenue_pn3n3_c20250101__20251231__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__custom--ProfessionalServiceAgreementsMember_zRAKZ2JofGP5" title="Revenue recognized">(73</td> <td style="text-align: left; white-space: nowrap">)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(30</td> <td style="text-align: left; white-space: nowrap">)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(4,583</td> <td style="text-align: left; white-space: nowrap">)</td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Revenue deferred</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">3,234</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90F_ecustom--RevenueDeferred_pn3n3_c20250101__20251231__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__custom--ProfessionalServiceAgreementsMember_zOzJjrbKziQh" title="Revenue deferred">63</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">12</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">3,309</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in; padding-bottom: 1pt">Advance from Customers</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_90B_ecustom--AdvanceFromCustomer_iP3custom--RevenueDeferred_pn3n3_c20250101__20251231__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--LicensingAgreementsMember_z22O5cEkezt7" title="Advance from customer">56</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_900_ecustom--AdvanceFromCustomer_pn3n3_c20250101__20251231__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__custom--ProfessionalServiceAgreementsMember_zH8VCjnakM81" title="Advance from customer">-</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">-</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">56</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Deferred Revenue - December 31, 2025</td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_904_eus-gaap--DeferredRevenue_iE_pn3n3_c20250101__20251231__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--LicensingAgreementsMember_zXk1xORsA8hd" title="Deferred revenue, ending balance">1,414</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_902_eus-gaap--DeferredRevenue_iE_pn3n3_c20250101__20251231__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__custom--ProfessionalServiceAgreementsMember_zVQajDmlQsFd" title="Deferred revenue, ending balance">51</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_902_eus-gaap--DeferredRevenue_iE_pn3n3_c20250101__20251231__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__custom--HardwareMember_z5JaPIbUpK72" title="Deferred revenue, ending balance">-</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">1,465</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> </table>

1414000

51000

1465000

-1865000 -77000 -13000 -1955000 1747000 95000 13000 1855000

1296000

69000

1365000

2604000

61000

18000

2683000

-4480000 -73000 -30000 -4583000 3234000 63000 12000 3309000 56000 56000

1414000

51000

1465000

1365000

1465000

NOTE 5 - Accrued Liabilities Accrued liabilities consisted of the following as of June 30, 2026 and December 31, 2025 (in thousands): <table cellpadding="0" cellspacing="0" id="xdx_880_eus-gaap--ScheduleOfAccruedLiabilitiesTableTextBlock_pn3n3_zB2JW55Z3V0k" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Accrued Liabilities (Details)"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td id="xdx_8B9_zkQavmMkEH1a" style="display: none; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Schedule of accrued Liabilities</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_492_20260630_zUU8PQk8ZHQ" style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_49C_20251231_zBONwzZOuJ5c" style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td></tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">June 30, 2026</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">December 31, 2025</td> <td style="padding-bottom: 1pt"> </td> </tr> <tr id="xdx_40A_ecustom--AccruedExpensesAndReimbursements_iI_pn3n3_maALCANzUCo_zlgARc1bXpm3" style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Accrued expenses and reimbursements</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">2,253</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">1,502</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_400_ecustom--AccruedCompensationAndBenefits_iI_pn3n3_maALCANzUCo_zKSlgMsawSsi" style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Accrued compensation and benefits</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">508</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">469</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_403_eus-gaap--AccruedBonusesCurrent_iI_pn3n3_maALCANzUCo_zV9BN0ZXJjm7" style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Accrued bonus and commissions</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">214</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">115</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_407_eus-gaap--AccrualForTaxesOtherThanIncomeTaxesCurrent_iI_pn3n3_maALCANzUCo_zvn36eUSYrAc" style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Accrued sales and other indirect taxes payable</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">552</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">158</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_40F_eus-gaap--AccruedInsuranceCurrent_iI_pn3n3_maALCANzUCo_zn4rgLbvBjVc" style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Accrued insurance premium and interest</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">81</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">24</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_404_eus-gaap--AccruedIncomeTaxes_iI_pn3n3_maALCANzUCo_zDSOlw5Qt2gl" style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Income tax payable</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">68</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">-</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_400_ecustom--AccruedTransactionCosts_iI_pn3n3_maALCANzUCo_zr95ptB2tzQ8" style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1pt">Accrued transaction costs</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">-</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">13</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> </tr> <tr id="xdx_40B_eus-gaap--AccruedLiabilitiesCurrentAndNoncurrent_iTI_pn3n3_mtALCANzUCo_zm7Fb8Gf2w9h" style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Accrued liabilities</td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">3,676</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">2,281</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> </table> Financed Director & Officers Insurance The Company entered into a Directors & Officers (“D&O”) insurance agreement with Oakwood D&O Insurance, effective March 15, 2026. The stated interest rate as per the agreement is 6.9% p.a. The first of ten separate monthly installment payments began on April 14, 2026. The Company made a down payment on the policy of $29 thousand. As of June 30, 2026 and December 31, 2025, the Company owed $81 thousand and $24 thousand, respectively, on the D&O insurance policy.

<table cellpadding="0" cellspacing="0" id="xdx_880_eus-gaap--ScheduleOfAccruedLiabilitiesTableTextBlock_pn3n3_zB2JW55Z3V0k" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Accrued Liabilities (Details)"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td id="xdx_8B9_zkQavmMkEH1a" style="display: none; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Schedule of accrued Liabilities</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_492_20260630_zUU8PQk8ZHQ" style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_49C_20251231_zBONwzZOuJ5c" style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td></tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">June 30, 2026</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">December 31, 2025</td> <td style="padding-bottom: 1pt"> </td> </tr> <tr id="xdx_40A_ecustom--AccruedExpensesAndReimbursements_iI_pn3n3_maALCANzUCo_zlgARc1bXpm3" style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Accrued expenses and reimbursements</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">2,253</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">1,502</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_400_ecustom--AccruedCompensationAndBenefits_iI_pn3n3_maALCANzUCo_zKSlgMsawSsi" style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Accrued compensation and benefits</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">508</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">469</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_403_eus-gaap--AccruedBonusesCurrent_iI_pn3n3_maALCANzUCo_zV9BN0ZXJjm7" style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Accrued bonus and commissions</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">214</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">115</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_407_eus-gaap--AccrualForTaxesOtherThanIncomeTaxesCurrent_iI_pn3n3_maALCANzUCo_zvn36eUSYrAc" style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Accrued sales and other indirect taxes payable</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">552</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">158</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_40F_eus-gaap--AccruedInsuranceCurrent_iI_pn3n3_maALCANzUCo_zn4rgLbvBjVc" style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Accrued insurance premium and interest</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">81</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">24</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_404_eus-gaap--AccruedIncomeTaxes_iI_pn3n3_maALCANzUCo_zDSOlw5Qt2gl" style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Income tax payable</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">68</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">-</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_400_ecustom--AccruedTransactionCosts_iI_pn3n3_maALCANzUCo_zr95ptB2tzQ8" style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1pt">Accrued transaction costs</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">-</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">13</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> </tr> <tr id="xdx_40B_eus-gaap--AccruedLiabilitiesCurrentAndNoncurrent_iTI_pn3n3_mtALCANzUCo_zm7Fb8Gf2w9h" style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Accrued liabilities</td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">3,676</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">2,281</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> </table>

2253000 1502000 508000 469000

214000

115000

552000

158000

81000

24000

68000

13000

3676000

2281000

The Company entered into a Directors & Officers (“D&O”) insurance agreement with Oakwood D&O Insurance, effective March 15, 2026. The stated interest rate as per the agreement is 6.9% p.a. 29000 81000 24000 NOTE 6 - Stock Option Plan and Stock-Based Compensation Employee Stock Options To calculate the stock-based compensation resulting from the issuance of options, the Company uses the Black-Scholes option pricing model, which is affected by the Company’s fair value of its stock price as well as assumptions regarding a number of subjective variables. These variables include, but are not limited to, the Company’s expected stock price volatility over the term of the awards, and actual and projected employee stock option exercise behaviors. On April 4, 2025, the Board approved the award of <span id="xdx_907_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_pid_c20250401__20250404__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember__srt--CounterpartyNameAxis__srt--ChiefExecutiveOfficerMember_z58GgTo2cVJ7" title="Stock option granted">350,000 options to purchase common stock pursuant to the 2023 Equity Incentive plan to Khurram Sheikh, the Chief Executive Officer of the Company and Joy Mbanugo, the Chief Financial Officer of the Company. The options have an exercise price of $<span id="xdx_906_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice_iI_pid_c20250404__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember__srt--CounterpartyNameAxis__srt--ChiefExecutiveOfficerMember_zuhVmXQ6ioHg" title="Exercise price">1.00 per share and expire on May 23, 2035. The stock options were valued using the Black-Scholes option valuation model and the fair value of the awards granted was determined to be $<span id="xdx_902_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_pid_c20250401__20250404__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember__srt--CounterpartyNameAxis__srt--ChiefExecutiveOfficerMember_z1Fe1NysPn59" title="Weighted average fair value">0.56 per option on the grant date. The fair value of the common stock as of the grant date utilized in the Black-Scholes options valuation model was $<span id="xdx_90A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_pid_c20250401__20250404__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember__srt--CounterpartyNameAxis__srt--ChiefExecutiveOfficerMember_zp1XHnjIO74k" title="Fair value of common stock as of grant date">1.00 per share. During the six months ended June 30, 2026, the Company granted stock options to its Chief Executive Officer that include a market-based vesting condition. Vesting of the market-condition portion of the award is contingent upon satisfaction of the applicable market-based target specified in the award agreement, together with the continued-service requirements of the award. The effect of the market condition is incorporated into the grant-date fair value of the award using an appropriate valuation technique that reflects the probability of satisfying the market condition. The significant valuation assumptions include the Company’s common-stock price on the grant date, the exercise price, expected stock-price volatility, risk-free interest rate, expected dividend yield and contractual term. Stock-based compensation expense associated with the market-condition award is recognized over the requisite or derived service period when the applicable service condition is rendered, regardless of whether the market condition is ultimately achieved. Compensation expense is not reversed solely because the market condition is not satisfied. The Company has not recognized any stock-based compensation expense related to market-based awards, as the associated market conditions are not considered probable of achievement as of the reporting date. On April 13, 2026, the Board approved the award of <span id="xdx_908_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_pid_c20260401__20260413__us-gaap--PlanNameAxis__custom--N2023EquityIncentivePlanMember__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember__srt--CounterpartyNameAxis__custom--EmployeesAndConsultantsMember_zVfuRoofJgsi" title="Stock option granted">2,160,000 stock options to purchase the Company’s common stock, granted to employees and consultants of the Company pursuant to the 2023 Equity Incentive Plan. Of the options granted, <span id="xdx_90A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_pid_c20260401__20260413__us-gaap--PlanNameAxis__custom--N2023EquityIncentivePlanMember__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember__srt--CounterpartyNameAxis__custom--EmployeesMember_zyrBZT5AjuRl" title="Stock option granted">2,035,000 were incentive stock options (ISOs) issued to employees and <span id="xdx_90D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_pid_c20260401__20260413__us-gaap--PlanNameAxis__custom--N2023EquityIncentivePlanMember__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember__srt--CounterpartyNameAxis__custom--ConsultantsMember_zylivozPKHc4" title="Stock option granted">125,000 were non-statutory stock options (NSOs) issued to consultants. The options have a life of ten years, an exercise price of $<span id="xdx_90E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice_pid_c20260401__20260413__us-gaap--PlanNameAxis__custom--N2023EquityIncentivePlanMember__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zPN7WmoXarbi" title="Exercise price">0.16 per share, and expire on <span id="xdx_90C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationDate_c20260401__20260413__us-gaap--PlanNameAxis__custom--N2023EquityIncentivePlanMember__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zU3p4QCVwbwg" title="Expire date">April 13, 2036. The options vest as to one-third on the first anniversary of the grant date, with the remaining two-thirds vesting in substantially equal monthly installments over the following 24 months. The stock options were valued using the Black-Scholes option valuation model, and the weighted-average fair value of the awards granted during the period was determined to be $<span id="xdx_903_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_pid_c20260401__20260413__us-gaap--PlanNameAxis__custom--N2023EquityIncentivePlanMember__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zspNcZ8r6b52" title="Weighted-average grant-date fair value">0.11 per option on the grant date. During the six months ended June 30, 2026, options to purchase <span id="xdx_907_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_pid_c20260101__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_z6Nl7M8pBCY4" title="Stock options granted, exercised or forfeited">403,332 shares of common stock were forfeited following the termination of service of Joy Mbanugo, the Company’s former Chief Financial Officer, before the options vested. The forfeited options had a weighted-average exercise price of $<span id="xdx_907_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice_pid_c20260101__20260630_zEi2crQsKe2i" title="Weighted-average exercise price">0.79 per share and a weighted-average grant-date fair value of $<span id="xdx_90C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_pid_c20260101__20260630_zoYtPiMmlOrj" title="Weighted-average grant-date fair value">0.52 per option. No stock options granted to any other employee were forfeited during the period. Previously recognized compensation expense related to the unvested forfeited options was reversed during the period. See below for a summary of the stock options granted under the Incentive Plan for the three and six months ended June 30, 2026. <table cellpadding="0" cellspacing="0" id="xdx_895_eus-gaap--ScheduleOfShareBasedCompensationStockOptionsAndStockAppreciationRightsAwardActivityTableTextBlock_pn3n3_zHZEFxAblXad" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Stock Option Plan and Stock-Based Compensation (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_8BB_zO1K4fkAakEf" style="display: none; text-align: left; text-indent: -0.125in; padding-left: 0.25in">Schedule of stock options granted</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; text-align: center"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Number of Options</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Weighted average exercise price</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Weighted average remaining contractual term (Years)</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Weighted average fair value at Grant date</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"> Aggregate Intrinsic Value</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 40%; text-align: left; text-indent: -0.125in; padding-left: 0.125in">Options outstanding at January 1, 2026</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right"><span id="xdx_901_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iS_pid_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zkzsY658Uyr3" title="Number of options outstanding, beginning">2,149,550</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_90D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iS_pid_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zgDNh0RJgAtc" title="Weighted-average exercise price, beginning">1.44</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right"><span id="xdx_90E_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1_dtY_c20250101__20251231__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zjNeWPNWdN9l" title="Weighted average remaining contractual term (years)">8.01</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_90B_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue_pid_c20250101__20251231__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zGe7Rhru3KBl" title="Weighted average at grant date, beginning">0.91</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_903_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue_iS_pn3n3_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zfEFOWt4wHO2" title="Aggregate intrinsic value, beginning">-</td> <td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: -0.125in; padding-left: 0.25in">Granted</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_pid_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_ze0Lrr0Jp4wi" title="Number of options, granted">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right"><span id="xdx_90E_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_pid_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zsVmXSyTAHga" title="Weighted-average exercise price, granted">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right"><span id="xdx_90D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodIntrinsicValue_pid_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zSElGo85T9Hl" title="Weighted average at Grant date, granted">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right"><span id="xdx_90D_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueGranted_pn3n3_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zuNVeYp00OZb" title="Aggregate intrinsic value, granted">-</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: -0.125in; padding-left: 0.25in">Exercised</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right"><span id="xdx_903_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_pid_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_z7WRgqLB6dcd" title="Weighted-average exercise price, exercised">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right"><span id="xdx_90A_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisedInPeriodIntrinsicValue_pid_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zdUyj4EsikT4" title="Weighted average at Grant date, exercised">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right"><span id="xdx_906_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueVestedExercised_pn3n3_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zJFmXj4HH0Ik" title="Aggregate intrinsic value, exercised">-</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt; text-indent: -0.125in; padding-left: 0.25in">Forfeited</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_904_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares_iN_pid_di_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_z5nHkuXy6CN6" title="Number of options, forfeited">-</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_905_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_pid_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zPBhflMWTRO3" title="Weighted-average exercise price, forfeited">-</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt; text-align: right">-</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left">$</td> <td style="padding-bottom: 1pt; text-align: right"><span id="xdx_908_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresIntrinsicValue_pid_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_z0IEqVSzeIFf" title="Weighted average at Grant date, forfeited">-</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left">$</td> <td style="padding-bottom: 1pt; text-align: right"><span id="xdx_90F_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueForfeited_pn3n3_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zS0VXmq4exN4" title="Aggregate intrinsic value, forfeited">-</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt; text-indent: -0.125in; padding-left: 0.125in">Options outstanding at March 31, 2026</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_90A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iE_pid_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zjfjb8pkFtfc" title="Number of options outstanding, ending">2,149,550</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_90C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iE_pid_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zibFZlnH8QE3" title="Weighted-average exercise price, ending">1.44</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt; text-align: right"><span id="xdx_909_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1_dtY_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zMd5z9cL0s3e" title="Weighted average remaining contractual term (years)">7.76</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left">$</td> <td style="padding-bottom: 2.5pt; text-align: right"><span id="xdx_90B_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue_pid_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zuobaLQ58Pi" title="Weighted average at grant date, ending">0.91</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left">$</td> <td style="padding-bottom: 2.5pt; text-align: right"><span id="xdx_906_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue_iE_pn3n3_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zZFP8CnxOvrh" title="Aggregate intrinsic value, ending">-</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt; text-indent: -0.125in; padding-left: 0.125in">Options vested and exercisable at March 31, 2026</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_901_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_iI_pid_c20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zHNgeVulwIn7" title="Number of options exercisable">1,366,699</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_90E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice_iI_pid_c20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_z9GGM41hBAR" title="Weighted-average exercise price, options exercisable">1.53</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt; text-align: right"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt; text-align: right"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt; text-align: right"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; text-align: center"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Number of Options</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Weighted average exercise price</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Weighted average remaining contractual term (Years)</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Weighted average fair value at Grant date</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Aggregate Intrinsic Value</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 40%; text-align: left; text-indent: -0.125in; padding-left: 0.125in">Options outstanding at March 31, 2026</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right"><span id="xdx_904_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iS_pid_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zxkXlCGm30rj" title="Number of options outstanding, beginning">2,149,550</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_90D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iS_pid_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zuYCXjR9L829" title="Weighted-average exercise price, beginning">1.44</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right"><span id="xdx_907_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1_dtY_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zd5YDiHzSec8" title="Weighted average remaining contractual term (years)">7.76</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_905_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue_pid_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zXBWFGhdxUfk" title="Weighted average at grant date, beginning">0.91</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_900_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue_iS_pn3n3_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zBIjfaA4N1b2" title="Aggregate intrinsic value, beginning">-</td> <td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: -0.125in; padding-left: 0.25in">Granted</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_905_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_pid_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zTJfvUv5TlB4" title="Number of options, granted">2,160,000</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right"><span id="xdx_90D_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_pid_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_z5kQzEZ0EIJa" title="Weighted-average exercise price, granted">0.16</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_900_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms_dtY_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zJO0YoXSN1od" title="Weighted average remaining contractual term, granted">9.79</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right"><span id="xdx_904_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodIntrinsicValue_pid_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zmLJghAssZfa" title="Weighted average at Grant date, granted">0.11</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right"><span id="xdx_908_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueGranted_pn3n3_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_ztNenkte7Wwd" title="Aggregate intrinsic value, granted">-</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: -0.125in; padding-left: 0.25in">Exercised</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right"><span id="xdx_909_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_pid_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zjIHBpKzaGI8" title="Weighted-average exercise price, exercised">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right"><span id="xdx_90D_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisedInPeriodIntrinsicValue_pid_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_z46jQ5CmZRMc" title="Weighted average at Grant date, exercised">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right"><span id="xdx_902_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueVestedExercised_pn3n3_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_z21kgKkdFicf" title="Aggregate intrinsic value, exercised">-</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt; text-indent: -0.125in; padding-left: 0.25in">Forfeited</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_906_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares_iN_pid_di_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zBDc152YLLX7" title="Number of options, forfeited">(403,332</td> <td style="padding-bottom: 1pt; text-align: left">)</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_90F_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_pid_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zQIRMsZgFnDl" title="Weighted-average exercise price, forfeited">0.79</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt; text-align: right">-</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left">$</td> <td style="padding-bottom: 1pt; text-align: right"><span id="xdx_90D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresIntrinsicValue_pid_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zv8CMwoj8FS" title="Weighted average at Grant date, forfeited">0.52</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left">$</td> <td style="padding-bottom: 1pt; text-align: right"><span id="xdx_905_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueForfeited_pn3n3_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_z95CtZOu9k71" title="Aggregate intrinsic value, forfeited">-</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt; text-indent: -0.125in; padding-left: 0.125in">Options outstanding at June 30, 2026</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_90F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iE_pid_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zIdazRxrRfC5" title="Number of options outstanding, ending">3,906,218</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_903_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iE_pid_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zdNrcRSTXzoh" title="Weighted-average exercise price, ending">0.80</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt; text-align: right"><span id="xdx_900_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1_dtY_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zVSbs4TDoOx4" title="Weighted average remaining contractual term (years)">8.22</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left">$</td> <td style="padding-bottom: 2.5pt; text-align: right"><span id="xdx_903_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue_pid_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zAykWCBJq1pj" title="Weighted average at grant date, ending">0.51</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left">$</td> <td style="padding-bottom: 2.5pt; text-align: right"><span id="xdx_902_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue_iE_pn3n3_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zYl6URM4ezGb" title="Aggregate intrinsic value, ending">-</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt; text-indent: -0.125in; padding-left: 0.125in">Options vested and exercisable at June 30, 2026</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_90E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_iI_pid_c20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zv608vvUpWA2" title="Number of options exercisable">1,521,949</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_908_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice_iI_pid_c20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_z1hD8HS8C9Da" title="Weighted-average exercise price, options exercisable">1.49</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt; text-align: right"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt; text-align: right"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt; text-align: right"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> Non-cash stock-based compensation expenses related to stock option were recorded in the unaudited condensed consolidated financial statements as summarized below: <table cellpadding="0" cellspacing="0" id="xdx_89F_eus-gaap--ScheduleOfShareBasedCompensationEmployeeStockPurchasePlanActivityTableTextBlock_pn3n3_zvVjqHYB2WIb" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Stock Option Plan and Stock-Based Compensation (Details 1)"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td id="xdx_8BC_zZBxja1ewL9" style="display: none; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Schedule of non-cash stock-based compensation expense</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td></tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Three Months Ended June 30, 2026</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Six Months Ended June 30, 2026</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Three Months Ended June 30, 2025</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Six Months Ended June 30, 2025</td> <td style="padding-bottom: 1pt"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Research and development</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_90B_eus-gaap--ShareBasedCompensation_pn3n3_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember__custom--IncomeStatementLocationsAxis__custom--ResearchAndDevelopmentExpensesMember_zVS0WDU3fXdf" title="Stock-based compensation">12</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_904_eus-gaap--ShareBasedCompensation_pn3n3_c20260101__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember__custom--IncomeStatementLocationsAxis__custom--ResearchAndDevelopmentExpensesMember_zO1mFHLB4Wge" title="Stock-based compensation">21</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_902_eus-gaap--ShareBasedCompensation_pn3n3_c20250401__20250630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember__custom--IncomeStatementLocationsAxis__custom--ResearchAndDevelopmentExpensesMember_z5priHlJDgv6" title="Stock-based compensation">7</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_90D_eus-gaap--ShareBasedCompensation_pn3n3_c20250101__20250630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember__custom--IncomeStatementLocationsAxis__custom--ResearchAndDevelopmentExpensesMember_z7yI49TASaGd" title="Stock-based compensation">19</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Sales and marketing</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90E_eus-gaap--ShareBasedCompensation_pn3n3_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember__custom--IncomeStatementLocationsAxis__custom--SellingAndMarketingExpensesMember_zlE3zgzVsqUk" title="Stock-based compensation">10</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_908_eus-gaap--ShareBasedCompensation_pn3n3_c20260101__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember__custom--IncomeStatementLocationsAxis__custom--SellingAndMarketingExpensesMember_zbsUsPZlaONk" title="Stock-based compensation">19</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_909_eus-gaap--ShareBasedCompensation_pn3n3_c20250401__20250630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember__custom--IncomeStatementLocationsAxis__custom--SellingAndMarketingExpensesMember_zK5fvnhzPdAj" title="Stock-based compensation">6</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_903_eus-gaap--ShareBasedCompensation_pn3n3_c20250101__20250630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember__custom--IncomeStatementLocationsAxis__custom--SellingAndMarketingExpensesMember_zONJLFui3z5e" title="Stock-based compensation">42</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="padding-bottom: 1pt; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">General and administrative</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_90D_eus-gaap--ShareBasedCompensation_pn3n3_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember__custom--IncomeStatementLocationsAxis__custom--GeneralAndAdministrativeExpensesMember_zUf3z0Et8PRh" title="Stock-based compensation">76</td> <td style="padding-bottom: 1pt; text-align: left; white-space: nowrap"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_909_eus-gaap--ShareBasedCompensation_pn3n3_c20260101__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember__custom--IncomeStatementLocationsAxis__custom--GeneralAndAdministrativeExpensesMember_zPLkyXd9d1pk" title="Stock-based compensation">153</td> <td style="padding-bottom: 1pt; text-align: left; white-space: nowrap"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_905_eus-gaap--ShareBasedCompensation_pn3n3_c20250401__20250630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember__custom--IncomeStatementLocationsAxis__custom--GeneralAndAdministrativeExpensesMember_zHtLOWWCebOk" title="Stock-based compensation">38</td> <td style="padding-bottom: 1pt; text-align: left; white-space: nowrap"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_90F_eus-gaap--ShareBasedCompensation_pn3n3_c20250101__20250630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember__custom--IncomeStatementLocationsAxis__custom--GeneralAndAdministrativeExpensesMember_z9Rxh2vpdBhe" title="Stock-based compensation">249</td> <td style="padding-bottom: 1pt; text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 2.5pt">Total non-cash stock compensation</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">98</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">193</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">51</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">310</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 2.5pt"> </td> </tr> </table> As of June 30, 2026, the remaining unrecognized stock compensation expense related to unvested stock options was approximately $<span id="xdx_900_eus-gaap--EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_iI_pn3n3_c20260630__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zMhgzjzmO2l3" title="Unrecognized stock compensation expense">490 thousand, which is expected to be recognized over weighted-average remaining periods of approximately <span id="xdx_90E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms_dtY_c20260101__20260630__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_ztbmtnkkFvFf" title="Weighted average remaining term">2.11 years. The Company estimates the grant-date fair value of stock options containing service-based vesting conditions using the Black-Scholes option-pricing model. The Black-Scholes model incorporates assumptions regarding the fair value of the Company’s common stock, exercise price, expected term, expected stock-price volatility, risk-free interest rate and expected dividend yield. For stock options containing market-based vesting conditions, the Company uses an appropriate valuation technique that incorporates the effect of the market condition into the grant-date fair value. For the six months ended June 30, 2026 and June 30, 2025, are as follows: <table cellpadding="0" cellspacing="0" id="xdx_89C_eus-gaap--ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock_z5r2N7ZQAR5b" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Stock Option Plan and Stock-Based Compensation (Details 2)"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td id="xdx_8B5_zJINPucHEZX6" style="display: none; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Schedule of assumptions used</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td></tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">June 30, 2026</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">June 30, 2025</td> <td style="padding-bottom: 1pt"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Risk-free interest rate</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right">3.92</td> <td style="width: 1%; text-align: left; white-space: nowrap">%</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right">4.08</td> <td style="width: 1%; text-align: left; white-space: nowrap">%</td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Expected life of option grants</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">6 Years</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">6 Years</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Expected volatility of underlying stock</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_908_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_pid_dp_c20260101__20260630_zVftB107lHDf" title="Expected volatility of underlying stock">87.20</td> <td style="text-align: left; white-space: nowrap">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_pid_dp_c20250101__20250630_z3rG7SZfTRN2" title="Expected volatility of underlying stock">54.62</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Dividends assumption</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">0</td> <td style="text-align: left; white-space: nowrap">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">0</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> </table> Restricted Stock Units The grant date fair value for Restricted Stock Units (‘RSU’) are valued using the closing price of the Company’s common stock on the date of grant. On May 23, 2025, a total of <span id="xdx_902_eus-gaap--StockIssuedDuringPeriodSharesRestrictedStockAwardGross_pid_c20250501__20250523__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__srt--CounterpartyNameAxis__srt--DirectorMember__us-gaap--PlanNameAxis__custom--N2023EquityIncentivePlanMember_zxWgquwBYKe8" title="Restricted stock units stock granted">1,000,000 restricted stock units of the Company’s common stock were granted to directors of the Company under the 2023 Equity Incentive Plan. During the six months ended June 30, 2026, the Company granted <span id="xdx_900_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_pid_c20260101__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_znzmFdGMpKX" title="Stock option granted">3,037,386 restricted stock units under the Amended and Restated CXApp Inc. 2023 Equity Incentive Plan, including awards granted to its Chief Executive Officer and members of its Board of Directors. The restricted stock units had a weighted-average grant-date fair value of $<span id="xdx_905_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_pid_c20260101__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zr3jgC0Q61i7" title="Fair value of common stock as of grant date">0.26 per unit, determined based on the closing price of the Company’s common stock on the applicable grant dates. The awards contain service-based vesting conditions and generally vest over periods ranging from two to three years. Compensation expense is recognized over the applicable requisite service period. The fair value of the common stock as of the various grant dates was determined to be $<span id="xdx_902_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_pid_c20260101__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__srt--RangeAxis__srt--MinimumMember_z3C5l47JD9Fe" title="Fair value of common stock as of grant date">0.01 to $<span id="xdx_908_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_pid_c20260101__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__srt--RangeAxis__srt--MaximumMember_zlvl6GHLEW35" title="Fair value of common stock as of grant date">0.20 per restricted stock unit, for a weighted average fair value of $<span id="xdx_900_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_pid_c20260101__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zrtkzQsKiw2e" title="Weighted average fair value">0.35 per restricted stock unit. The following summarizes our RSUs transaction activity for three and six months ended June 30, 2026: <table cellpadding="0" cellspacing="0" id="xdx_894_eus-gaap--ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock_zW1CgQB1zNgk" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Stock Option Plan and Stock-Based Compensation (Details 3)"> <tr style="vertical-align: bottom; background-color: White"> <td style="display: none; vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Schedule of fair value of stock options</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Shares</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Weighted Average Grant Date Fair Value</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Outstanding at January 1, 2026</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right"><span id="xdx_901_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iS_pid_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zzR5EKuXDDA3" title="Number of options outstanding, beginning">1,061,500</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_90D_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageGrantDateFairValue_iS_pid_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zGpZNSRJfjR4" title="Weighted-average fair value at grant date, beginning">1.25</td> <td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Granted</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_906_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_pid_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zseGs5vPqiuh" title="Number of options, Granted">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right"><span id="xdx_90D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_pid_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zvhBvjnGbMJc" title="Weighted-average fair value at grant date, granted">-</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Vested</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90E_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_iN_pid_di_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zVta9GeAGNd3" title="Number of options, Exercised">(11,500</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right"><span id="xdx_905_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageExercisedDateFairValue_pid_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_z5JbpBK32dwl" title="Weighted-average fair value at grant date, Exercised">1.33</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; padding-bottom: 1pt; text-align: left">Forfeited</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_908_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_pid_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_z6Z4ISU1ZkH7" title="Number of options, Forfeited">-</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="text-align: left">$</td> <td style="text-align: right"><span id="xdx_902_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageForfeitedDateFairValue_pid_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zx6ffOQ77hZ4" title="Weighted-average fair value at grant date, Forfeited">-</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; padding-bottom: 2.5pt; text-align: left">Outstanding at March 31, 2026</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_904_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iE_pid_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zIN48GAEF6qc" title="Number of options outstanding, ending">1,050,000</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="text-align: left">$</td> <td style="text-align: right"><span id="xdx_901_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageGrantDateFairValue_iE_pid_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_z9ObgfRCcHbd" title="Weighted-average fair value at grant date, ending">1.24</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Shares</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Weighted Average Grant Date Fair Value</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Outstanding at March 31, 2026</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right"><span id="xdx_904_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iS_pid_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zE7ENVa8uoZ4" title="Number of options outstanding, beginning">1,050,000</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_902_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageGrantDateFairValue_iS_pid_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zBlhJ4YpudF1" title="Weighted-average fair value at grant date, beginning">1.24</td> <td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Granted</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_pid_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_znWavbAPxsLc" title="Number of options, Granted">3,037,386</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right"><span id="xdx_901_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_pid_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_z462VHPVLtMf" title="Weighted-average fair value at grant date, granted">0.26</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Vested</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90C_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_iN_pid_di_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zk2LCCjr2g53" title="Number of options, Exercised">(1,000,000</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right"><span id="xdx_90F_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageExercisedDateFairValue_pid_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zfka1KJ7UKYb" title="Weighted-average fair value at grant date, Exercised">1.00</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; padding-bottom: 1pt; text-align: left">Forfeited</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_909_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_pid_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zphorWb7Wk8b" title="Number of options, Forfeited">-</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left">$</td> <td style="padding-bottom: 1pt; text-align: right"><span id="xdx_902_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageForfeitedDateFairValue_pid_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zlzNVqU2D0Bl" title="Weighted-average fair value at grant date, Forfeited">-</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; padding-bottom: 2.5pt; text-align: left">Outstanding at June 30, 2026</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_90A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iE_pid_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zepy0uKRAg0j" title="Number of options outstanding, ending">3,087,386</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="text-align: left">$</td> <td style="text-align: right"><span id="xdx_90C_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageGrantDateFairValue_iE_pid_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zDLL3dJuMEw5" title="Weighted-average fair value at grant date, ending">0.35</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> The total fair value of RSUs vested as of June 30, 2026 and December 31, 2025 was $<span id="xdx_900_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_pn3n3_c20260101__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zq0JD23NG1id" title="Fair value of RSUs vested">1,015 thousand and $<span id="xdx_901_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_pn3n3_c20250101__20250630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zLE2tBsS4nF6" title="Fair value of RSUs vested">2,226 thousand, respectively. Non-cash stock-based compensation expenses related to restricted stock units recorded in the unaudited condensed consolidated financial statements is summarized below: <table cellpadding="0" cellspacing="0" id="xdx_898_eus-gaap--ScheduleOfDeferredCompensationArrangementWithIndividualShareBasedPaymentsTextBlock_pn3n3_zdMvevhwWjSg" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Stock Option Plan and Stock-Based Compensation (Details 4)"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td id="xdx_8BA_zfKd9muYLqU9" style="display: none; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Schedule of non-cash stock-based compensation expenses related to restricted stock units</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td></tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Three Months ended June 30, 2026</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center"> Six Months ended June 30, 2026</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Three Months ended June 30, 2025</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Six Months ended June 30, 2025</td> <td style="padding-bottom: 1pt"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Research and development</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_90E_eus-gaap--ShareBasedCompensation_pn3n3_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__custom--IncomeStatementLocationsAxis__custom--ResearchAndDevelopmentExpensesMember_zdzdAVTOQE71" title="Stock-based compensation">-</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_90A_eus-gaap--ShareBasedCompensation_pn3n3_c20260101__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__custom--IncomeStatementLocationsAxis__custom--ResearchAndDevelopmentExpensesMember_zkSRI6n6FAZ2" title="Stock-based compensation">1</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_900_eus-gaap--ShareBasedCompensation_pn3n3_c20250401__20250630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__custom--IncomeStatementLocationsAxis__custom--ResearchAndDevelopmentExpensesMember_zzMVW7KuxeIe" title="Stock-based compensation">281</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_903_eus-gaap--ShareBasedCompensation_pn3n3_c20250101__20250630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__custom--IncomeStatementLocationsAxis__custom--ResearchAndDevelopmentExpensesMember_zUaH9npI6ppd" title="Stock-based compensation">383</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Sales and marketing</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_904_eus-gaap--ShareBasedCompensation_pn3n3_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__custom--IncomeStatementLocationsAxis__custom--SellingAndMarketingExpensesMember_zm50oLU8abq4" title="Stock-based compensation">-</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_906_eus-gaap--ShareBasedCompensation_pn3n3_c20260101__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__custom--IncomeStatementLocationsAxis__custom--SellingAndMarketingExpensesMember_z0c89YtTSE9k" title="Stock-based compensation">1</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_907_eus-gaap--ShareBasedCompensation_pn3n3_c20250401__20250630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__custom--IncomeStatementLocationsAxis__custom--SellingAndMarketingExpensesMember_ztexHquh0Jdf" title="Stock-based compensation">141</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90B_eus-gaap--ShareBasedCompensation_pn3n3_c20250101__20250630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__custom--IncomeStatementLocationsAxis__custom--SellingAndMarketingExpensesMember_zalVUIWY8nP2" title="Stock-based compensation">193</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1pt">General and administrative</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_902_eus-gaap--ShareBasedCompensation_pn3n3_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__custom--IncomeStatementLocationsAxis__custom--GeneralAndAdministrativeExpensesMember_zUnU83DM89X6" title="Stock-based compensation">322</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_90C_eus-gaap--ShareBasedCompensation_pn3n3_c20260101__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__custom--IncomeStatementLocationsAxis__custom--GeneralAndAdministrativeExpensesMember_zDx2ZvdBTsXj" title="Stock-based compensation">616</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_901_eus-gaap--ShareBasedCompensation_pn3n3_c20250401__20250630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__custom--IncomeStatementLocationsAxis__custom--GeneralAndAdministrativeExpensesMember_zCXZimg7awRd" title="Stock-based compensation">281</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_906_eus-gaap--ShareBasedCompensation_pn3n3_c20250101__20250630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__custom--IncomeStatementLocationsAxis__custom--GeneralAndAdministrativeExpensesMember_zB4NWbFYWcdd" title="Stock-based compensation">492</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Total non-cash stock compensation</td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">322</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">618</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">703</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">1,068</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> </table> As of June 30, 2026 and June 30, 2025, the Company has approximately $<span id="xdx_902_eus-gaap--EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_iI_pn3n3_c20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_ztPqkby1GKl8" title="Unrecognized stock compensation expense">735 thousand and $<span id="xdx_90D_eus-gaap--EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_iI_pn3n3_c20250630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zD40kgQYqlr1" title="Unrecognized stock compensation expense">914 thousand of unrecognized restricted stock unit compensation to be expensed over a weighted average period of <span id="xdx_902_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms_dtY_c20260101__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zJ7TYGaNXSrj" title="Weighted average remaining term">0.89 years and <span id="xdx_903_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms_dtY_c20250101__20250630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zJ6W4mqzgwQg" title="Weighted average remaining term">0.86 years, respectively.

350000

1.00

0.56

1.00

2160000

2035000

125000

0.16

2036-04-13

0.11

403332

0.79

0.52

<table cellpadding="0" cellspacing="0" id="xdx_895_eus-gaap--ScheduleOfShareBasedCompensationStockOptionsAndStockAppreciationRightsAwardActivityTableTextBlock_pn3n3_zHZEFxAblXad" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Stock Option Plan and Stock-Based Compensation (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_8BB_zO1K4fkAakEf" style="display: none; text-align: left; text-indent: -0.125in; padding-left: 0.25in">Schedule of stock options granted</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; text-align: center"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Number of Options</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Weighted average exercise price</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Weighted average remaining contractual term (Years)</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Weighted average fair value at Grant date</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"> Aggregate Intrinsic Value</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 40%; text-align: left; text-indent: -0.125in; padding-left: 0.125in">Options outstanding at January 1, 2026</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right"><span id="xdx_901_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iS_pid_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zkzsY658Uyr3" title="Number of options outstanding, beginning">2,149,550</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_90D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iS_pid_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zgDNh0RJgAtc" title="Weighted-average exercise price, beginning">1.44</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right"><span id="xdx_90E_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1_dtY_c20250101__20251231__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zjNeWPNWdN9l" title="Weighted average remaining contractual term (years)">8.01</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_90B_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue_pid_c20250101__20251231__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zGe7Rhru3KBl" title="Weighted average at grant date, beginning">0.91</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_903_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue_iS_pn3n3_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zfEFOWt4wHO2" title="Aggregate intrinsic value, beginning">-</td> <td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: -0.125in; padding-left: 0.25in">Granted</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_pid_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_ze0Lrr0Jp4wi" title="Number of options, granted">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right"><span id="xdx_90E_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_pid_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zsVmXSyTAHga" title="Weighted-average exercise price, granted">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right"><span id="xdx_90D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodIntrinsicValue_pid_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zSElGo85T9Hl" title="Weighted average at Grant date, granted">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right"><span id="xdx_90D_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueGranted_pn3n3_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zuNVeYp00OZb" title="Aggregate intrinsic value, granted">-</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: -0.125in; padding-left: 0.25in">Exercised</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right"><span id="xdx_903_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_pid_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_z7WRgqLB6dcd" title="Weighted-average exercise price, exercised">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right"><span id="xdx_90A_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisedInPeriodIntrinsicValue_pid_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zdUyj4EsikT4" title="Weighted average at Grant date, exercised">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right"><span id="xdx_906_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueVestedExercised_pn3n3_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zJFmXj4HH0Ik" title="Aggregate intrinsic value, exercised">-</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt; text-indent: -0.125in; padding-left: 0.25in">Forfeited</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_904_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares_iN_pid_di_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_z5nHkuXy6CN6" title="Number of options, forfeited">-</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_905_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_pid_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zPBhflMWTRO3" title="Weighted-average exercise price, forfeited">-</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt; text-align: right">-</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left">$</td> <td style="padding-bottom: 1pt; text-align: right"><span id="xdx_908_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresIntrinsicValue_pid_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_z0IEqVSzeIFf" title="Weighted average at Grant date, forfeited">-</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left">$</td> <td style="padding-bottom: 1pt; text-align: right"><span id="xdx_90F_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueForfeited_pn3n3_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zS0VXmq4exN4" title="Aggregate intrinsic value, forfeited">-</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt; text-indent: -0.125in; padding-left: 0.125in">Options outstanding at March 31, 2026</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_90A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iE_pid_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zjfjb8pkFtfc" title="Number of options outstanding, ending">2,149,550</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_90C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iE_pid_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zibFZlnH8QE3" title="Weighted-average exercise price, ending">1.44</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt; text-align: right"><span id="xdx_909_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1_dtY_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zMd5z9cL0s3e" title="Weighted average remaining contractual term (years)">7.76</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left">$</td> <td style="padding-bottom: 2.5pt; text-align: right"><span id="xdx_90B_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue_pid_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zuobaLQ58Pi" title="Weighted average at grant date, ending">0.91</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left">$</td> <td style="padding-bottom: 2.5pt; text-align: right"><span id="xdx_906_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue_iE_pn3n3_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zZFP8CnxOvrh" title="Aggregate intrinsic value, ending">-</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt; text-indent: -0.125in; padding-left: 0.125in">Options vested and exercisable at March 31, 2026</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_901_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_iI_pid_c20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zHNgeVulwIn7" title="Number of options exercisable">1,366,699</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_90E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice_iI_pid_c20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_z9GGM41hBAR" title="Weighted-average exercise price, options exercisable">1.53</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt; text-align: right"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt; text-align: right"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt; text-align: right"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; text-align: center"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Number of Options</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Weighted average exercise price</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Weighted average remaining contractual term (Years)</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Weighted average fair value at Grant date</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Aggregate Intrinsic Value</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 40%; text-align: left; text-indent: -0.125in; padding-left: 0.125in">Options outstanding at March 31, 2026</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right"><span id="xdx_904_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iS_pid_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zxkXlCGm30rj" title="Number of options outstanding, beginning">2,149,550</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_90D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iS_pid_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zuYCXjR9L829" title="Weighted-average exercise price, beginning">1.44</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right"><span id="xdx_907_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1_dtY_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zd5YDiHzSec8" title="Weighted average remaining contractual term (years)">7.76</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_905_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue_pid_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zXBWFGhdxUfk" title="Weighted average at grant date, beginning">0.91</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_900_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue_iS_pn3n3_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zBIjfaA4N1b2" title="Aggregate intrinsic value, beginning">-</td> <td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: -0.125in; padding-left: 0.25in">Granted</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_905_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_pid_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zTJfvUv5TlB4" title="Number of options, granted">2,160,000</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right"><span id="xdx_90D_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_pid_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_z5kQzEZ0EIJa" title="Weighted-average exercise price, granted">0.16</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_900_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms_dtY_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zJO0YoXSN1od" title="Weighted average remaining contractual term, granted">9.79</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right"><span id="xdx_904_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodIntrinsicValue_pid_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zmLJghAssZfa" title="Weighted average at Grant date, granted">0.11</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right"><span id="xdx_908_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueGranted_pn3n3_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_ztNenkte7Wwd" title="Aggregate intrinsic value, granted">-</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: -0.125in; padding-left: 0.25in">Exercised</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right"><span id="xdx_909_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_pid_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zjIHBpKzaGI8" title="Weighted-average exercise price, exercised">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right"><span id="xdx_90D_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisedInPeriodIntrinsicValue_pid_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_z46jQ5CmZRMc" title="Weighted average at Grant date, exercised">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right"><span id="xdx_902_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueVestedExercised_pn3n3_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_z21kgKkdFicf" title="Aggregate intrinsic value, exercised">-</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt; text-indent: -0.125in; padding-left: 0.25in">Forfeited</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_906_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares_iN_pid_di_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zBDc152YLLX7" title="Number of options, forfeited">(403,332</td> <td style="padding-bottom: 1pt; text-align: left">)</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_90F_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_pid_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zQIRMsZgFnDl" title="Weighted-average exercise price, forfeited">0.79</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt; text-align: right">-</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left">$</td> <td style="padding-bottom: 1pt; text-align: right"><span id="xdx_90D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresIntrinsicValue_pid_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zv8CMwoj8FS" title="Weighted average at Grant date, forfeited">0.52</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left">$</td> <td style="padding-bottom: 1pt; text-align: right"><span id="xdx_905_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueForfeited_pn3n3_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_z95CtZOu9k71" title="Aggregate intrinsic value, forfeited">-</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt; text-indent: -0.125in; padding-left: 0.125in">Options outstanding at June 30, 2026</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_90F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iE_pid_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zIdazRxrRfC5" title="Number of options outstanding, ending">3,906,218</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_903_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iE_pid_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zdNrcRSTXzoh" title="Weighted-average exercise price, ending">0.80</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt; text-align: right"><span id="xdx_900_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1_dtY_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zVSbs4TDoOx4" title="Weighted average remaining contractual term (years)">8.22</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left">$</td> <td style="padding-bottom: 2.5pt; text-align: right"><span id="xdx_903_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue_pid_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zAykWCBJq1pj" title="Weighted average at grant date, ending">0.51</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left">$</td> <td style="padding-bottom: 2.5pt; text-align: right"><span id="xdx_902_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue_iE_pn3n3_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zYl6URM4ezGb" title="Aggregate intrinsic value, ending">-</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt; text-indent: -0.125in; padding-left: 0.125in">Options vested and exercisable at June 30, 2026</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_90E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_iI_pid_c20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zv608vvUpWA2" title="Number of options exercisable">1,521,949</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_908_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice_iI_pid_c20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_z1hD8HS8C9Da" title="Weighted-average exercise price, options exercisable">1.49</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt; text-align: right"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt; text-align: right"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt; text-align: right"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

2149550

1.44

P8Y3D

0.91

2149550

1.44

P7Y9M3D

0.91

1366699

1.53

2149550

1.44

P7Y9M3D

0.91

2160000

0.16

P9Y9M14D

0.11

403332

0.79

0.52

3906218

0.80

P8Y2M19D

0.51

1521949

1.49

<table cellpadding="0" cellspacing="0" id="xdx_89F_eus-gaap--ScheduleOfShareBasedCompensationEmployeeStockPurchasePlanActivityTableTextBlock_pn3n3_zvVjqHYB2WIb" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Stock Option Plan and Stock-Based Compensation (Details 1)"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td id="xdx_8BC_zZBxja1ewL9" style="display: none; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Schedule of non-cash stock-based compensation expense</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td></tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Three Months Ended June 30, 2026</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Six Months Ended June 30, 2026</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Three Months Ended June 30, 2025</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Six Months Ended June 30, 2025</td> <td style="padding-bottom: 1pt"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Research and development</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_90B_eus-gaap--ShareBasedCompensation_pn3n3_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember__custom--IncomeStatementLocationsAxis__custom--ResearchAndDevelopmentExpensesMember_zVS0WDU3fXdf" title="Stock-based compensation">12</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_904_eus-gaap--ShareBasedCompensation_pn3n3_c20260101__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember__custom--IncomeStatementLocationsAxis__custom--ResearchAndDevelopmentExpensesMember_zO1mFHLB4Wge" title="Stock-based compensation">21</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_902_eus-gaap--ShareBasedCompensation_pn3n3_c20250401__20250630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember__custom--IncomeStatementLocationsAxis__custom--ResearchAndDevelopmentExpensesMember_z5priHlJDgv6" title="Stock-based compensation">7</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_90D_eus-gaap--ShareBasedCompensation_pn3n3_c20250101__20250630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember__custom--IncomeStatementLocationsAxis__custom--ResearchAndDevelopmentExpensesMember_z7yI49TASaGd" title="Stock-based compensation">19</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Sales and marketing</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90E_eus-gaap--ShareBasedCompensation_pn3n3_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember__custom--IncomeStatementLocationsAxis__custom--SellingAndMarketingExpensesMember_zlE3zgzVsqUk" title="Stock-based compensation">10</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_908_eus-gaap--ShareBasedCompensation_pn3n3_c20260101__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember__custom--IncomeStatementLocationsAxis__custom--SellingAndMarketingExpensesMember_zbsUsPZlaONk" title="Stock-based compensation">19</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_909_eus-gaap--ShareBasedCompensation_pn3n3_c20250401__20250630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember__custom--IncomeStatementLocationsAxis__custom--SellingAndMarketingExpensesMember_zK5fvnhzPdAj" title="Stock-based compensation">6</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_903_eus-gaap--ShareBasedCompensation_pn3n3_c20250101__20250630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember__custom--IncomeStatementLocationsAxis__custom--SellingAndMarketingExpensesMember_zONJLFui3z5e" title="Stock-based compensation">42</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="padding-bottom: 1pt; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">General and administrative</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_90D_eus-gaap--ShareBasedCompensation_pn3n3_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember__custom--IncomeStatementLocationsAxis__custom--GeneralAndAdministrativeExpensesMember_zUf3z0Et8PRh" title="Stock-based compensation">76</td> <td style="padding-bottom: 1pt; text-align: left; white-space: nowrap"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_909_eus-gaap--ShareBasedCompensation_pn3n3_c20260101__20260630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember__custom--IncomeStatementLocationsAxis__custom--GeneralAndAdministrativeExpensesMember_zPLkyXd9d1pk" title="Stock-based compensation">153</td> <td style="padding-bottom: 1pt; text-align: left; white-space: nowrap"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_905_eus-gaap--ShareBasedCompensation_pn3n3_c20250401__20250630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember__custom--IncomeStatementLocationsAxis__custom--GeneralAndAdministrativeExpensesMember_zHtLOWWCebOk" title="Stock-based compensation">38</td> <td style="padding-bottom: 1pt; text-align: left; white-space: nowrap"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_90F_eus-gaap--ShareBasedCompensation_pn3n3_c20250101__20250630__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember__custom--IncomeStatementLocationsAxis__custom--GeneralAndAdministrativeExpensesMember_z9Rxh2vpdBhe" title="Stock-based compensation">249</td> <td style="padding-bottom: 1pt; text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 2.5pt">Total non-cash stock compensation</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">98</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">193</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">51</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">310</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 2.5pt"> </td> </tr> </table>

12000

21000

7000

19000

10000

19000

6000

42000

76000

153000

38000

249000

98000

193000

51000

310000

490000

P2Y1M9D

<table cellpadding="0" cellspacing="0" id="xdx_89C_eus-gaap--ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock_z5r2N7ZQAR5b" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Stock Option Plan and Stock-Based Compensation (Details 2)"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td id="xdx_8B5_zJINPucHEZX6" style="display: none; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Schedule of assumptions used</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td></tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">June 30, 2026</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">June 30, 2025</td> <td style="padding-bottom: 1pt"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Risk-free interest rate</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right">3.92</td> <td style="width: 1%; text-align: left; white-space: nowrap">%</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right">4.08</td> <td style="width: 1%; text-align: left; white-space: nowrap">%</td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Expected life of option grants</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">6 Years</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">6 Years</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Expected volatility of underlying stock</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_908_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_pid_dp_c20260101__20260630_zVftB107lHDf" title="Expected volatility of underlying stock">87.20</td> <td style="text-align: left; white-space: nowrap">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_pid_dp_c20250101__20250630_z3rG7SZfTRN2" title="Expected volatility of underlying stock">54.62</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Dividends assumption</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">0</td> <td style="text-align: left; white-space: nowrap">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">0</td> <td style="text-align: left; white-space: nowrap">%</td> </tr> </table>

0.0392

0.0408

P6Y

0.8720

0.5462

1000000

3037386

0.26

0.01

0.20

0.35

<table cellpadding="0" cellspacing="0" id="xdx_894_eus-gaap--ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock_zW1CgQB1zNgk" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Stock Option Plan and Stock-Based Compensation (Details 3)"> <tr style="vertical-align: bottom; background-color: White"> <td style="display: none; vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Schedule of fair value of stock options</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Shares</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Weighted Average Grant Date Fair Value</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Outstanding at January 1, 2026</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right"><span id="xdx_901_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iS_pid_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zzR5EKuXDDA3" title="Number of options outstanding, beginning">1,061,500</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_90D_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageGrantDateFairValue_iS_pid_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zGpZNSRJfjR4" title="Weighted-average fair value at grant date, beginning">1.25</td> <td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Granted</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_906_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_pid_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zseGs5vPqiuh" title="Number of options, Granted">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right"><span id="xdx_90D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_pid_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zvhBvjnGbMJc" title="Weighted-average fair value at grant date, granted">-</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Vested</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90E_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_iN_pid_di_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zVta9GeAGNd3" title="Number of options, Exercised">(11,500</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right"><span id="xdx_905_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageExercisedDateFairValue_pid_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_z5JbpBK32dwl" title="Weighted-average fair value at grant date, Exercised">1.33</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; padding-bottom: 1pt; text-align: left">Forfeited</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_908_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_pid_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_z6Z4ISU1ZkH7" title="Number of options, Forfeited">-</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="text-align: left">$</td> <td style="text-align: right"><span id="xdx_902_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageForfeitedDateFairValue_pid_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zx6ffOQ77hZ4" title="Weighted-average fair value at grant date, Forfeited">-</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; padding-bottom: 2.5pt; text-align: left">Outstanding at March 31, 2026</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_904_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iE_pid_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zIN48GAEF6qc" title="Number of options outstanding, ending">1,050,000</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="text-align: left">$</td> <td style="text-align: right"><span id="xdx_901_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageGrantDateFairValue_iE_pid_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_z9ObgfRCcHbd" title="Weighted-average fair value at grant date, ending">1.24</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Shares</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Weighted Average Grant Date Fair Value</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Outstanding at March 31, 2026</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right"><span id="xdx_904_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iS_pid_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zE7ENVa8uoZ4" title="Number of options outstanding, beginning">1,050,000</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_902_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageGrantDateFairValue_iS_pid_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zBlhJ4YpudF1" title="Weighted-average fair value at grant date, beginning">1.24</td> <td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Granted</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_pid_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_znWavbAPxsLc" title="Number of options, Granted">3,037,386</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right"><span id="xdx_901_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_pid_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_z462VHPVLtMf" title="Weighted-average fair value at grant date, granted">0.26</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Vested</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90C_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_iN_pid_di_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zk2LCCjr2g53" title="Number of options, Exercised">(1,000,000</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right"><span id="xdx_90F_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageExercisedDateFairValue_pid_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zfka1KJ7UKYb" title="Weighted-average fair value at grant date, Exercised">1.00</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; padding-bottom: 1pt; text-align: left">Forfeited</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_909_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_pid_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zphorWb7Wk8b" title="Number of options, Forfeited">-</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left">$</td> <td style="padding-bottom: 1pt; text-align: right"><span id="xdx_902_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageForfeitedDateFairValue_pid_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zlzNVqU2D0Bl" title="Weighted-average fair value at grant date, Forfeited">-</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; padding-bottom: 2.5pt; text-align: left">Outstanding at June 30, 2026</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_90A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iE_pid_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zepy0uKRAg0j" title="Number of options outstanding, ending">3,087,386</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="text-align: left">$</td> <td style="text-align: right"><span id="xdx_90C_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageGrantDateFairValue_iE_pid_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zDLL3dJuMEw5" title="Weighted-average fair value at grant date, ending">0.35</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

1061500

1.25

11500

1.33

1050000

1.24

1050000

1.24

3037386

0.26

1000000

1.00

3087386

0.35

1015000

2226000

<table cellpadding="0" cellspacing="0" id="xdx_898_eus-gaap--ScheduleOfDeferredCompensationArrangementWithIndividualShareBasedPaymentsTextBlock_pn3n3_zdMvevhwWjSg" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Stock Option Plan and Stock-Based Compensation (Details 4)"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td id="xdx_8BA_zfKd9muYLqU9" style="display: none; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Schedule of non-cash stock-based compensation expenses related to restricted stock units</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td></tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Three Months ended June 30, 2026</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center"> Six Months ended June 30, 2026</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Three Months ended June 30, 2025</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Six Months ended June 30, 2025</td> <td style="padding-bottom: 1pt"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Research and development</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_90E_eus-gaap--ShareBasedCompensation_pn3n3_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__custom--IncomeStatementLocationsAxis__custom--ResearchAndDevelopmentExpensesMember_zdzdAVTOQE71" title="Stock-based compensation">-</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_90A_eus-gaap--ShareBasedCompensation_pn3n3_c20260101__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__custom--IncomeStatementLocationsAxis__custom--ResearchAndDevelopmentExpensesMember_zkSRI6n6FAZ2" title="Stock-based compensation">1</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_900_eus-gaap--ShareBasedCompensation_pn3n3_c20250401__20250630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__custom--IncomeStatementLocationsAxis__custom--ResearchAndDevelopmentExpensesMember_zzMVW7KuxeIe" title="Stock-based compensation">281</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right"><span id="xdx_903_eus-gaap--ShareBasedCompensation_pn3n3_c20250101__20250630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__custom--IncomeStatementLocationsAxis__custom--ResearchAndDevelopmentExpensesMember_zUaH9npI6ppd" title="Stock-based compensation">383</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Sales and marketing</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_904_eus-gaap--ShareBasedCompensation_pn3n3_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__custom--IncomeStatementLocationsAxis__custom--SellingAndMarketingExpensesMember_zm50oLU8abq4" title="Stock-based compensation">-</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_906_eus-gaap--ShareBasedCompensation_pn3n3_c20260101__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__custom--IncomeStatementLocationsAxis__custom--SellingAndMarketingExpensesMember_z0c89YtTSE9k" title="Stock-based compensation">1</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_907_eus-gaap--ShareBasedCompensation_pn3n3_c20250401__20250630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__custom--IncomeStatementLocationsAxis__custom--SellingAndMarketingExpensesMember_ztexHquh0Jdf" title="Stock-based compensation">141</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90B_eus-gaap--ShareBasedCompensation_pn3n3_c20250101__20250630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__custom--IncomeStatementLocationsAxis__custom--SellingAndMarketingExpensesMember_zalVUIWY8nP2" title="Stock-based compensation">193</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1pt">General and administrative</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_902_eus-gaap--ShareBasedCompensation_pn3n3_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__custom--IncomeStatementLocationsAxis__custom--GeneralAndAdministrativeExpensesMember_zUnU83DM89X6" title="Stock-based compensation">322</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_90C_eus-gaap--ShareBasedCompensation_pn3n3_c20260101__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__custom--IncomeStatementLocationsAxis__custom--GeneralAndAdministrativeExpensesMember_zDx2ZvdBTsXj" title="Stock-based compensation">616</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_901_eus-gaap--ShareBasedCompensation_pn3n3_c20250401__20250630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__custom--IncomeStatementLocationsAxis__custom--GeneralAndAdministrativeExpensesMember_zCXZimg7awRd" title="Stock-based compensation">281</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_906_eus-gaap--ShareBasedCompensation_pn3n3_c20250101__20250630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__custom--IncomeStatementLocationsAxis__custom--GeneralAndAdministrativeExpensesMember_zB4NWbFYWcdd" title="Stock-based compensation">492</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Total non-cash stock compensation</td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">322</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">618</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">703</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">1,068</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> </table>

1000

281000

383000

1000

141000

193000

322000

616000

281000

492000

322000

618000

703000

1068000

735000

914000

P0Y10M20D

P0Y10M9D

NOTE 7 - Convertible Debt Securities Purchase Agreement with Avondale Capital, LLC - March 2025 On March 26, 2025, the Company entered into a Securities Purchase Agreement (“SPA”) with Avondale Capital, LLC (“Avondale”), pursuant to which the Company may issue and sell up to $20,000 thousand of Pre-Paid Purchase agreements (“Pre-Paid Purchases”) in tranches over time. The initial Pre-Paid Purchase (“Pre-Paid Purchase #1”) included a $<span id="xdx_90C_eus-gaap--DebtInstrumentFaceAmount_iI_pn3n3_c20250326__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLCMember__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_zCuiFB8Vgf25" title="Principal amount">4,200 thousand Pre-Paid Purchase, structured with a $<span id="xdx_908_ecustom--OriginalIssueDiscount_iI_pn3n3_c20250326__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLCMember__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_zOjZyzsbpfRf" title="Original issue discount">200 thousand original issue discount (“OID”) and $<span id="xdx_904_ecustom--TransactionCost_pn3n3_c20250301__20250326__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLCMember__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_zFhwMOJfVWD3" title="Transaction cost">10 thousand in transaction-related fees, resulting in net proceeds of $<span id="xdx_908_eus-gaap--ProceedsFromConvertibleDebt_pn3n3_c20250301__20250326__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLCMember__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_zpGMebUoCJqg" title="Proceeds from convertible debt">3,990 thousand, received on April 8, 2025. In connection with the initial closing, the Company was required to issue 80,000 commitment shares to Avondale. On March 26, 2025, the Company recorded a liability of $<span id="xdx_90D_eus-gaap--Liabilities_iI_pn3n3_c20250326__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLCMember__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_z69s2ZS7sm51" title="Liability">69 thousand for the shares to be issued under the contract to issue common stock. On May 8, 2025, the Company issued the Class A Common Stock and recognized a loss of $<span id="xdx_901_ecustom--LossOnIssuanceOfLiability_pn3n3_c20250501__20250508__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLCMember__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_zOBGPN1MZtL9" title="Loss on issuance of liability">20 thousand upon issuance. The Avondale convertible Pre-Paid Purchase #1 accrues interest on the outstanding balance at 5% per annum. Avondale may convert all or any part of the outstanding balance of the Avondale convertible Pre-Paid Purchase #1 at any time following earlier of six months from the purchase price date and the effectiveness of the Initial Registration Statement by providing a written notice, in cash or converting into shares of the Company’s common stock at a price equal to the lower of (a) Fixed Price of $1.106 and (b) Market Price which is 91% multiplied by the lowest daily volume weighted average price (“VWAP”) during the ten (10) consecutive trading days immediately prior to the written notice date, but in any event not lower than the Floor Price of $0.1843, subject to certain adjustments and ownership limitations specified in the Avondale convertible Pre-Paid Purchase #1. For the three and six months ended June 30, 2026, the Company recognized an unrealized loss on change in fair value of Pre-Paid Purchase #1 of $<span id="xdx_90C_ecustom--UnrealizedGainOnChangeInFairValueOfConvertibleDebt_pn3n3_c20260401__20260630__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLCMember__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_zzUU7kU5ZrP4" title="Unrealized gain on change in fair value of convertible debt">0 and $<span id="xdx_90B_ecustom--UnrealizedGainOnChangeInFairValueOfConvertibleDebt_pn3n3_c20260101__20260630__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLCMember__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_zHGyl7YRZCTl" title="Unrealized gain on change in fair value of convertible debt">78 thousand. For the three months and six months ended June 30, 2025, the Company recognized an unrealized loss on change in fair value of Pre-Paid Purchase #1 of $<span id="xdx_90E_ecustom--UnrealizedGainOnChangeInFairValueOfConvertibleDebt_pn3n3_c20250401__20250630__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLCMember__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_zZHgUobo4aO" title="Unrealized gain on change in fair value of convertible debt"><span id="xdx_900_ecustom--UnrealizedGainOnChangeInFairValueOfConvertibleDebt_pn3n3_c20250101__20250630__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLCMember__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_zWS0JBZ6j4l2" title="Unrealized gain on change in fair value of convertible debt">195 thousand. On August 7, 2025, the Company issued an unsecured convertible Pre-Paid Purchase #2 to Avondale, pursuant to the SPA. The convertible Pre-Paid Purchase #2 has the original principal amount of $<span id="xdx_908_eus-gaap--DebtInstrumentFaceAmount_iI_pn3n3_c20250807__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLCMember__us-gaap--LongtermDebtTypeAxis__custom--Purchase2Member_zbPLZTiJ9mZi" title="Principal amount">3,150 thousand and Avondale gave consideration of $<span id="xdx_908_ecustom--ConsiderationAmount_iI_pn3n3_c20250807__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLCMember__us-gaap--LongtermDebtTypeAxis__custom--Purchase2Member_zXoCRR3n1Up" title="Consideration amount">3,000 thousand, reflecting original issue discount of $<span id="xdx_900_ecustom--OriginalIssueDiscount_iI_pn3n3_c20250807__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLCMember__us-gaap--LongtermDebtTypeAxis__custom--Purchase2Member_zPrmSW4jdrqb" title="Original issue discount">150 thousand. On August 7, 2025, the Company received the net proceeds from Avondale. The Avondale convertible Pre-Paid Purchase #2 accrues interest on the outstanding balance at 5% per annum. Avondale may convert all or any part of the outstanding balance of the Avondale convertible Pre-Paid Purchase #2 at any time following earlier of six months from the purchase price date and the effectiveness of the Initial Registration Statement by providing a written notice, and converting into shares of the Company’s common stock at a price equal to the lower of (a) Fixed Price of $1.0957 and (b) Market Price which is 91% multiplied by the lowest daily volume weighted average price (“VWAP”) during the ten (10) consecutive trading days immediately prior to the written notice date, but in any event not lower than the Floor Price of $0.1826, subject to certain adjustments and ownership limitations specified in the Avondale convertible Pre-Paid Purchase #2. For the three and six months ended June 30, 2026, the Company recognized an unrealized loss on change in fair value of Pre-Paid Purchase #2 of $<span id="xdx_906_ecustom--UnrealizedGainOnChangeInFairValueOfConvertibleDebt_pn3n3_c20260401__20260630__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLCMember__us-gaap--LongtermDebtTypeAxis__custom--Purchase2Member_z3W7rXjbDBlj" title="Unrealized gain on change in fair value of convertible debt">24 thousand and $<span id="xdx_90A_ecustom--UnrealizedGainOnChangeInFairValueOfConvertibleDebt_pn3n3_c20260101__20260630__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLCMember__us-gaap--LongtermDebtTypeAxis__custom--Purchase2Member_zJa14AHv3ur" title="Unrealized gain on change in fair value of convertible debt">501 thousand. On October 17, 2025, the Company issued an unsecured convertible Pre-Paid Purchase #3 to the Lender, pursuant to the SPA. The convertible Pre-Paid Purchase #3 has the original principal amount of $<span id="xdx_900_eus-gaap--DebtInstrumentFaceAmount_iI_pn3n3_c20251017__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLCMember__us-gaap--LongtermDebtTypeAxis__custom--Purchase3Member_zEpgVPknR2H2" title="Principal amount">5,250 thousand and Lender gave consideration of $<span id="xdx_906_ecustom--ConsiderationAmount_iI_pn3n3_c20251017__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLCMember__us-gaap--LongtermDebtTypeAxis__custom--Purchase3Member_zxq9QOWLdeG9" title="Consideration amount">5,000 thousand, reflecting original issue discount of $<span id="xdx_90A_ecustom--OriginalIssueDiscount_iI_pn3n3_c20251017__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLCMember__us-gaap--LongtermDebtTypeAxis__custom--Purchase3Member_zeHEIylMlvIj" title="Original issue discount">250 thousand. On October 17, 2025, the Company received the net proceeds from the Lender. The convertible Pre-Paid Purchase #3 accrues interest on the outstanding balance at 5% per annum. The Lender may convert all or any part of the outstanding balance of the convertible Pre-Paid Purchase #3, at any time following earlier of six months from the purchase price date and the effectiveness of the Initial Registration Statement by providing a written notice, and converting into shares of the Company’s common stock at a price equal to the lower of (a) Fixed Price of $0.9142 and (b) Market Price which is 91% multiplied by the lowest daily volume weighted average price (“VWAP”) during the ten (10) consecutive trading days immediately prior to the written notice date, but in any event not lower than the Floor Price of $0.1524, subject to certain adjustments and ownership limitations specified in the convertible Pre-Paid Purchase. As of December 31, 2025, Pre-Paid Purchase #3 is recorded at fair value of $<span id="xdx_902_eus-gaap--ConvertibleDebt_iI_pn3n3_c20260630__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLCMember__us-gaap--LongtermDebtTypeAxis__custom--Purchase3Member_zEeGfbYLHQS5" title="Convertible debt">4,683 and is within convertible debt on the accompanying unaudited condensed consolidated balance sheets. For the three and six months ended June 30, 2026, the Company recognized an unrealized loss on change in fair value of Pre-Paid Purchase #3 of $<span id="xdx_90F_ecustom--UnrealizedGainOnChangeInFairValueOfConvertibleDebt_pn3n3_c20260401__20260630__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLCMember__us-gaap--LongtermDebtTypeAxis__custom--Purchase3Member_zINcYpvfKsB8" title="Unrealized gain on change in fair value of convertible debt">903 thousand and $<span id="xdx_90D_ecustom--UnrealizedGainOnChangeInFairValueOfConvertibleDebt_pn3n3_c20260101__20260630__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLCMember__us-gaap--LongtermDebtTypeAxis__custom--Purchase3Member_zyoV7rEDfYqh" title="Unrealized gain on change in fair value of convertible debt">727 thousand, respectively. On December 30, 2025, the Company issued an unsecured convertible Pre-Paid Purchase #4 to the Lender, pursuant to the SPA. The convertible Pre-Paid Purchase #4 has the original principal amount of $<span id="xdx_908_eus-gaap--DebtInstrumentFaceAmount_iI_pn3n3_c20251230__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLCMember__us-gaap--LongtermDebtTypeAxis__custom--Purchase4Member_zgN3MLt8cVbe" title="Principal amount">4,200 thousand and Lender gave consideration of $<span id="xdx_903_ecustom--ConsiderationAmount_iI_pn3n3_c20251230__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLCMember__us-gaap--LongtermDebtTypeAxis__custom--Purchase4Member_zwc5H6RZrNda" title="Consideration amount">4,000 thousand, reflecting original issue discount of $<span id="xdx_909_ecustom--OriginalIssueDiscount_iI_pn3n3_c20251230__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLCMember__us-gaap--LongtermDebtTypeAxis__custom--Purchase4Member_zZk8ffG6Otdg" title="Original issue discount">200 thousand. On December 31, 2025, the Company received the net proceeds from the Lender. The convertible Pre-Paid Purchase #4 accrues interest on the outstanding balance at 5% per annum. The Lender may convert all or any part of the outstanding balance of the convertible Pre-Paid Purchase #4, at any time following earlier of six months from the purchase price date and the effectiveness of the Initial Registration Statement by providing a written notice, and converting into shares of the Company’s common stock at a price equal to the lower of (a) Fixed Price of $0.3677 and (b) Market Price which is 91% multiplied by the lowest daily volume weighted average price (“VWAP”) during the ten (10) consecutive trading days immediately prior to the written notice date, but in any event not lower than the Floor Price of $0.0613, subject to certain adjustments and ownership limitations specified in the convertible Pre-Paid Purchase. As of June 30, 2026, Pre-Paid Purchase #4 is recorded at fair value of $<span id="xdx_909_eus-gaap--ConvertibleDebt_iI_pn3n3_c20260630__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLCMember__us-gaap--LongtermDebtTypeAxis__custom--Purchase4Member_zJ2MbSoxP3F7" title="Convertible debt">4,028 thousand and is within convertible debt on the accompanying condensed consolidated balance sheets. For the three and six months ended June 30, 2026, the Company recognized an unrealized loss on change in fair value of Pre-Paid Purchase #4 of $<span id="xdx_906_ecustom--UnrealizedGainOnChangeInFairValueOfConvertibleDebt_pn3n3_c20260401__20260630__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLCMember__us-gaap--LongtermDebtTypeAxis__custom--Purchase4Member_zrKZbz366om2" title="Unrealized gain on change in fair value of convertible debt">206 thousand and $<span id="xdx_90B_ecustom--UnrealizedGainOnChangeInFairValueOfConvertibleDebt_pn3n3_c20260101__20260630__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLCMember__us-gaap--LongtermDebtTypeAxis__custom--Purchase4Member_zqLgsibsVyNd" title="Unrealized gain on change in fair value of convertible debt">32 thousand, respectively. Securities Purchase Agreement with Avondale Capital, LLC – March 2026 On March 27, 2026, the Company entered into a Securities Purchase Agreement (“SPA”) with Avondale Capital, LLC (“Avondale”), pursuant to which the Company may issue and sell up to $40,000 thousand of Pre-Paid Purchase agreements (“Pre-Paid Purchases”) in tranches over time. The initial Pre-Paid Purchase (“Pre-Paid Purchase #1”) included a $<span id="xdx_901_eus-gaap--DebtInstrumentFaceAmount_iI_pn3n3_c20260327__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLC2Member__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_z4biqVqw9MPb" title="Principal amount">1,050 thousand Pre-Paid Purchase, structured with a $<span id="xdx_90B_ecustom--OriginalIssueDiscount_iI_pn3n3_c20260327__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLC2Member__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_zwkj46lT8Di6" title="Original issue discount">50 thousand original issue discount (“OID”) and $<span id="xdx_90B_ecustom--TransactionCost_pn3n3_c20260301__20260327__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLC2Member__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_z0kpxchFJa8d" title="Transaction cost">10 thousand in transaction-related fees, resulting in net proceeds of $<span id="xdx_90C_eus-gaap--ProceedsFromConvertibleDebt_pn3n3_c20260301__20260327__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLC2Member__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_zPxnnWRzCbr3" title="Proceeds from convertible debt">990 thousand, received on March 27, 2026. On March 27, 2026, the Company issued an unsecured convertible Pre-Paid Purchase #1 to the Lender, pursuant to the SPA. The convertible Pre-Paid Purchase #1 has the original principal amount of $<span id="xdx_901_eus-gaap--DebtInstrumentFaceAmount_iI_pn3n3_c20260327__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLC2Member__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_zuiojTcm6eP1" title="Principal amount">1,050 thousand and Lender gave consideration of $<span id="xdx_90C_eus-gaap--ProceedsFromConvertibleDebt_pn3n3_c20260301__20260327__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLC2Member__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_zFsG4Elq3qU" title="Proceeds from convertible debt">990 thousand, reflecting an original issue discount of $<span id="xdx_90B_ecustom--OriginalIssueDiscount_iI_pn3n3_c20260327__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLC2Member__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_zPH2ooU0KUL5" title="Original issue discount">50 thousand and $<span id="xdx_90B_ecustom--TransactionCost_pn3n3_c20260301__20260327__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLC2Member__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_z0YTlzyqOFq4" title="Transaction cost">10 thousand of transaction-related fees. On March 27, 2026, the Company received the net proceeds from the Lender. The convertible Pre-Paid Purchase #1 accrues interest on the outstanding balance at 5% per annum. The Lender may convert all or any part of the outstanding balance of the convertible Pre-Paid Purchase #1, at any time following earlier of six months from the purchase price date and the effectiveness of the Initial Registration Statement by providing a written notice, and converting into shares of the Company’s common stock at a price equal to the lower of (a) Fixed Price of $0.2614 and (b) Market Price which is 91% multiplied by the lowest daily volume weighted average price (“VWAP”) during the ten (10) consecutive trading days immediately prior to the written notice date, but in any event not lower than the Floor Price of $0.0436, subject to certain adjustments and ownership limitations specified in the convertible Pre-Paid Purchase. As of June 30, 2026, Pre-Paid Purchase #1 is recorded at fair value of $<span id="xdx_90D_eus-gaap--ConvertibleDebt_iI_pn3n3_c20260630__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLC2Member__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_zan2CxyNYtA4" title="Convertible debt">1,162 thousand and is within convertible debt on the accompanying condensed consolidated balance sheets. For the three and six months ended June 30, 2026, the Company recognized an unrealized loss on change in fair value of Pre-Paid Purchase #1 of $<span id="xdx_90D_ecustom--UnrealizedGainOnChangeInFairValueOfConvertibleDebt_pn3n3_c20260401__20260630__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLC2Member__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_z2rLToyw0gTa" title="Unrealized gain on change in fair value of convertible debt">118 thousand and $<span id="xdx_902_ecustom--UnrealizedGainOnChangeInFairValueOfConvertibleDebt_pn3n3_c20260101__20260630__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLC2Member__us-gaap--LongtermDebtTypeAxis__custom--Purchase1Member_zzRm7Cv7jFx5" title="Unrealized gain on change in fair value of convertible debt">112 thousand. On May 26, 2026, the Company issued an unsecured convertible Pre-Paid Purchase #2 to the Lender, pursuant to the SPA. The convertible Pre-Paid Purchase #2 has the original principal amount of $<span id="xdx_901_eus-gaap--DebtInstrumentFaceAmount_iI_pn3n3_c20260526__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLC2Member__us-gaap--LongtermDebtTypeAxis__custom--Purchase2Member_zaw4CBTf5mC2" title="Principal amount">5,250 thousand and Lender gave consideration of $<span id="xdx_90A_ecustom--ConsiderationAmount_iI_pn3n3_c20260526__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLC2Member__us-gaap--LongtermDebtTypeAxis__custom--Purchase2Member_zQio42133I83" title="Consideration amount">5,000 thousand, reflecting an original issue discount of $<span id="xdx_90B_ecustom--OriginalIssueDiscount_iI_pn3n3_c20260526__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLC2Member__us-gaap--LongtermDebtTypeAxis__custom--Purchase2Member_zjEE1v7Dxqy5" title="Original issue discount">250 thousand. On May 26, 2026, the Company received the net proceeds from the Lender. The convertible Pre-Paid Purchase #2 accrues interest on the outstanding balance at 5% per annum. The Lender may convert all or any part of the outstanding balance of the convertible Pre-Paid Purchase #2, at any time following earlier of six months from the purchase price date and the effectiveness of the Initial Registration Statement by providing a written notice, and converting into shares of the Company’s common stock at a price equal to the lower of (a) Fixed Price of $0.2087 and (b) Market Price which is 91% multiplied by the lowest daily volume weighted average price (“VWAP”) during the ten (10) consecutive trading days immediately prior to the written notice date, but in any event not lower than the Floor Price of $0.035, subject to certain adjustments and ownership limitations specified in the convertible Pre-Paid Purchase. As of June 30, 2026, Pre-Paid Purchase #2 is recorded at fair value of $<span id="xdx_906_eus-gaap--ConvertibleDebt_iI_pn3n3_c20260630__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLC2Member__us-gaap--LongtermDebtTypeAxis__custom--Purchase2Member_zuSgZkEUj4jk" title="Convertible debt">4,872 thousand and is within convertible debt on the accompanying condensed consolidated balance sheets. For the three months ended June 30, 2026, the Company recognized an unrealized gain on change in fair value of Pre-Paid Purchase #2 of $<span id="xdx_90D_ecustom--UnrealizedGainOnChangeInFairValueOfConvertibleDebt_pn3n3_c20260401__20260630__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--AvondaleCapitalLLC2Member__us-gaap--LongtermDebtTypeAxis__custom--Purchase2Member_zOJgamPPAFo5" title="Unrealized gain on change in fair value of convertible debt">378 thousand. The following table presents changes in convertible debt measured at fair value as of June 30, 2026 and December 31, 2025. <table cellpadding="0" cellspacing="0" id="xdx_899_eus-gaap--ConvertibleDebtTableTextBlock_pn3n3_z1KmuYL3j5Jj" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Convertible Debt (Details)"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td id="xdx_8BA_zMYzz64rqIpa" style="display: none; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Schedule of company’s net deferred tax assets</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_496_20260101__20260630_z6dD3ZJRUka2" style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td></tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Convertible Debt</td> <td style="padding-bottom: 1pt"> </td> </tr> <tr id="xdx_404_eus-gaap--ConvertibleDebt_iS_pn3n3_zrWYv1KWjqma" style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Balance as of December 31, 2025</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">12,659</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_402_ecustom--OriginalIssueDiscounts_pn3n3_zX4UYrteyzga" style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Original issue discount</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">300</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_40F_ecustom--TransactionCost_pn3n3_zlkHOGo6wqA3" style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Transaction cost</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">10</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_408_eus-gaap--ProceedsFromConvertibleDebt_pn3n3_zlUWgPYT9fc4" style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Additions</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">5,990</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_405_ecustom--Settlement_pn3n3_z8cLotcSoL7g" style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Settlement(1)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(13,576</td> <td style="text-align: left; white-space: nowrap">)</td> </tr> <tr id="xdx_40B_ecustom--FairValueMeasurementAdjustments_pn3n3_zosZJWnPy4Y9" style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1pt">Fair value measurement adjustments</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">4,679</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> </tr> <tr id="xdx_407_eus-gaap--ConvertibleDebt_iE_pn3n3_zFRiDFibRyHc" style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Balance as of June 30, 2026</td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">10,062</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20250101__20251231_zTrB53kGNoU4" style="border-bottom: Black 1pt solid; text-align: center">Convertible Debt</td> <td style="padding-bottom: 1pt"> </td> </tr> <tr id="xdx_409_eus-gaap--ConvertibleDebt_iS_pn3n3_z5c1aEQOaVLb" style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Balance as of December 31, 2024</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">4,512</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_40F_eus-gaap--ProceedsFromConvertibleDebt_pn3n3_zPn8S5QljGvb" style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Additions</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">16,800</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_409_ecustom--Settlement_pn3n3_zSXjepZCqRpg" style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Settlement(2)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(8,102</td> <td style="text-align: left; white-space: nowrap">)</td> </tr> <tr id="xdx_40B_ecustom--FairValueMeasurementAdjustments_pn3n3_zoYFJmpbLKC4" style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1pt">Fair value measurement adjustments</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(551</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt">)</td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Balance as of December 31, 2025</td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">12,659</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> </table> <div style="width: 25%; margin-left: 0; margin-right: auto"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td id="xdx_F0C_zIZgrHDM4Amc" style="width: 0.25in; text-align: left">(1)</td> <td id="xdx_F11_zUZBis17WH2b" style="text-align: justify"> During the six months ended June 30, 2026, the Company issued 67,317,304 shares of the Company’s Class A Common stock pursuant to purchase notices related to Pre-Paid Purchase #1, #2 and #3. The shares issued have a total exchange amount of $13,576 thousand with exchange price ranging from $0.14 to $0.36.</td> </tr> <tr style="vertical-align: top"> <td id="xdx_F0F_zwuO898dLLve" style="text-align: left">(2)</td> <td id="xdx_F15_zUIVkZjWeEzk" style="text-align: justify"> During the year ended December 31, 2025, the Company issued 1,683,104 shares of the Company’s Class A Common Stock pursuant to multiple purchase notices related to Pre-Paid Purchase #1. The shares issued have a total exchange amount of $2,100 thousand with exchange prices ranging from $1.18 to $1.41.</td> </tr> </table>

4200000

200000 10000

3990000

69000

20000 0 78000 195000 195000

3150000

3000000 150000 24000 501000

5250000

5000000 250000

4683000

903000 727000

4200000

4000000 200000

4028000

206000 32000

1050000

50000 10000

990000

1050000

990000

50000 10000

1162000

118000 112000

5250000

5000000 250000

4872000

378000

<table cellpadding="0" cellspacing="0" id="xdx_899_eus-gaap--ConvertibleDebtTableTextBlock_pn3n3_z1KmuYL3j5Jj" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Convertible Debt (Details)"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td id="xdx_8BA_zMYzz64rqIpa" style="display: none; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Schedule of company’s net deferred tax assets</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_496_20260101__20260630_z6dD3ZJRUka2" style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td></tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Convertible Debt</td> <td style="padding-bottom: 1pt"> </td> </tr> <tr id="xdx_404_eus-gaap--ConvertibleDebt_iS_pn3n3_zrWYv1KWjqma" style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Balance as of December 31, 2025</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">12,659</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_402_ecustom--OriginalIssueDiscounts_pn3n3_zX4UYrteyzga" style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Original issue discount</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">300</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_40F_ecustom--TransactionCost_pn3n3_zlkHOGo6wqA3" style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Transaction cost</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">10</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_408_eus-gaap--ProceedsFromConvertibleDebt_pn3n3_zlUWgPYT9fc4" style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Additions</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">5,990</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_405_ecustom--Settlement_pn3n3_z8cLotcSoL7g" style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Settlement(1)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(13,576</td> <td style="text-align: left; white-space: nowrap">)</td> </tr> <tr id="xdx_40B_ecustom--FairValueMeasurementAdjustments_pn3n3_zosZJWnPy4Y9" style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1pt">Fair value measurement adjustments</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">4,679</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> </tr> <tr id="xdx_407_eus-gaap--ConvertibleDebt_iE_pn3n3_zFRiDFibRyHc" style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Balance as of June 30, 2026</td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">10,062</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20250101__20251231_zTrB53kGNoU4" style="border-bottom: Black 1pt solid; text-align: center">Convertible Debt</td> <td style="padding-bottom: 1pt"> </td> </tr> <tr id="xdx_409_eus-gaap--ConvertibleDebt_iS_pn3n3_z5c1aEQOaVLb" style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Balance as of December 31, 2024</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">4,512</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_40F_eus-gaap--ProceedsFromConvertibleDebt_pn3n3_zPn8S5QljGvb" style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Additions</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">16,800</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_409_ecustom--Settlement_pn3n3_zSXjepZCqRpg" style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Settlement(2)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(8,102</td> <td style="text-align: left; white-space: nowrap">)</td> </tr> <tr id="xdx_40B_ecustom--FairValueMeasurementAdjustments_pn3n3_zoYFJmpbLKC4" style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1pt">Fair value measurement adjustments</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(551</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt">)</td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Balance as of December 31, 2025</td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">12,659</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> </table> <div style="width: 25%; margin-left: 0; margin-right: auto"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td id="xdx_F0C_zIZgrHDM4Amc" style="width: 0.25in; text-align: left">(1)</td> <td id="xdx_F11_zUZBis17WH2b" style="text-align: justify"> During the six months ended June 30, 2026, the Company issued 67,317,304 shares of the Company’s Class A Common stock pursuant to purchase notices related to Pre-Paid Purchase #1, #2 and #3. The shares issued have a total exchange amount of $13,576 thousand with exchange price ranging from $0.14 to $0.36.</td> </tr> <tr style="vertical-align: top"> <td id="xdx_F0F_zwuO898dLLve" style="text-align: left">(2)</td> <td id="xdx_F15_zUIVkZjWeEzk" style="text-align: justify"> During the year ended December 31, 2025, the Company issued 1,683,104 shares of the Company’s Class A Common Stock pursuant to multiple purchase notices related to Pre-Paid Purchase #1. The shares issued have a total exchange amount of $2,100 thousand with exchange prices ranging from $1.18 to $1.41.</td> </tr> </table>

12659000

300000 10000

5990000

-13576000 4679000

10062000

4512000

16800000

-8102000 -551000

NOTE 8 - Common Stock Stock-Based Compensation and Equity Awards During the six months ended June 30, 2026, the Company granted <span id="xdx_903_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_pid_c20260101__20260630__us-gaap--PlanNameAxis__custom--N2023EquityIncentivePlanMember_zLTxR9RBU0jg" title="Stock granted">2,160,000 stock options under the 2023 Equity Incentive Plan at an exercise price of $0.16 per share and a weighted-average grant-date fair value of $<span id="xdx_908_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_pid_c20260101__20260630__us-gaap--PlanNameAxis__custom--N2023EquityIncentivePlanMember_z1bCyIRgFzzi" title="Weighted-average grant-date fair value">0.11 per share, and <span id="xdx_90C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_pid_c20260101__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zXtE2oMvEQs5" title="Stock granted">3,037,386 restricted stock units at a weighted-average grant-date fair value of $<span id="xdx_90E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_pid_c20260101__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zkZouZrcvJ34" title="Weighted-average grant-date fair value">0.26 per unit. During the period, <span id="xdx_908_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_pid_c20260101__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zTFm1FV9ZUW3" title="Restricted stock units vested">1,011,500 restricted stock units vested, resulting in <span id="xdx_908_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iI_pid_c20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zoT2oKCgq6B8" title="Restricted stock units outstanding">3,087,386 restricted stock units outstanding at June 30, 2026. Issuances Related to Promissory Notes and Convertible Debt During the six months ended June 30, 2026, the Company issued 67,317,304 shares of Class A Common Stock in settlement of convertible-debt liabilities. During six months ended June 30, 2025, the Company issued total of 2,109,652 shares of Class A Common Stock to satisfy obligations due under the promissory note and convertible debt. See Note 7, Convertible Debt, in the accompanying notes to the unaudited condensed consolidated financial statements for further detail. At the Market offerings The Company commenced sales of its common stock pursuant to the shelf registration. These sales were facilitated through a third-party arrangement with Maxim Group LLC, acting as the Company’s agent under an equity distribution agreement under its At-The-Market (“ATM”) offering program. During the six months ended June 30, 2026, the Company received $2,464 thousand and issued 7,995,651 shares of class A Common Stock, which are intended to be used for general working capital and other general corporate purposes. The Company’s ability to access the ATM program was temporarily limited during the period due to certain filing-related requirements. Availability under the program remains subject to applicable regulatory requirements, registration effectiveness and market conditions.

2160000

0.16

0.11

3037386

0.26

1011500

3087386

67317304

2109652

NOTE 9 - Income Taxes The Company accounts for income taxes in accordance with ASC 740, Income Taxes. The provision for income taxes is determined using the discrete method. This is because the Company has determined that it is not able to reliably forecast its annual earnings which results in an inability to calculate its annual effective tax rate. Under the discrete method, the Company is calculating its income tax expense for the interim period based only on actual year-to-date results. This is an appropriate approach when the estimated annual effective tax rate method would not provide a reliable estimate of the quarterly income tax provision. For the six months ended June 30, 2026 and 2025, the Company recorded deferred income tax benefit of $649 thousand and deferred income tax expenses of $1 thousand, respectively. The effective tax rate for six months ended June 30, 2026 and June 30, 2025 was (4.89%) and (0.3%), respectively. The effective tax rate differs from the U.S. Federal statutory rate primarily due to recording a valuation allowance against the deferred tax assets in the U.S and foreign jurisdictions along with US and foreign permanent differences including changing fair value of derivative warrant liabilities and stock compensation along with partial release of the valuation allowance due to acquisition accounting. The Company continues to evaluate the realizability of its deferred tax assets and has maintained a valuation allowance on its deferred tax assets as of June 30, 2026 for all jurisdictions other than Australia.

649000

1000

-0.0489

-0.003

NOTE 10 - Credit Risk and Concentrations Financial instruments that subject the Company to credit risk consist principally of trade accounts receivable and cash and cash equivalents. The Company performs certain credit evaluation procedures and does not require collateral for financial instruments subject to credit risk. The Company believes that credit risk is limited because the Company routinely assesses the financial strength of its customers and, based upon factors surrounding the credit risk of its customers, establishes an allowance for credit losses and, consequently, believes that its accounts receivable credit risk exposure beyond such allowances is limited. The Company maintains cash deposits with financial institutions, which, from time to time, may exceed federally insured limits. Any loss incurred or a lack of access to such funds could have a significant adverse impact on the Company’s financial condition, results of operations, and cash flows. Cash is also maintained at foreign financial institutions for its Canadian, Philippine, and Australian subsidiaries. Cash in foreign financial institutions as of June 30, 2026 and June 30, 2025, was $331 thousand and $127 thousand, respectively. The Company has not experienced any losses and believes it is not exposed to any significant credit risk from cash for the six months ended June 30, 2026 and June 30, 2025. However, any loss incurred or lack of access to such funds could have a significant impact on the Company’s financial condition, results of operations, and cash flows.

331000 127000

NOTE 11 - Segment Information The Company has determined that it operates as a single operating segment. The Company offers a one AI-powered enterprise software and technology platform for the enterprise. The flagship product, the CXAI Platform (pronounced “Sky”), provides a comprehensive suite of tools designed to empower employees and enable organizations to create smarter workplaces. The Company’s Chief Executive Officer is the Chief Operating Decision Maker (“CODM”). The CODM allocates resources and makes operating decisions based on consolidated net income. The Company derives revenue from subscription software, professional services, hardware and, following the acquisition of Virtus Digital Marketing Pty Ltd, doing business as EngineRoom, managed advertising and growth marketing advisory services. Although discrete financial information may be prepared for individual legal entities, revenue categories or geographic areas for accounting, consolidation or statutory-reporting purposes, the CODM does not regularly use separate measures of profit or loss for those components to assess performance or allocate resources. Accordingly, the Company’s components are managed and evaluated on a consolidated basis and constitute one operating and reportable segment. EngineRoom’s results have been included in the Company’s consolidated operating results beginning June 3, 2026, the acquisition date. The acquisition did not change the Company’s identification of its CODM or its conclusion that it has one operating and reportable segment. The CODM does not evaluate profitability below the level of the consolidated company. The Company uses net income (loss) as the primary measure of financial performance. However, in evaluating operating results on a budget versus actual basis, the Company focuses primarily on significant operating expense categories, including cost of revenue, professional services, sales and marketing, research and development, and general and administrative expenses, when evaluating period-over-period operating performance. In contrast, the Company places less emphasis on non-cash and non-operating items, such as stock-based compensation, amortization of intangible assets, changes in the fair value of warrant liabilities, loss on debt extinguishment, and other similar adjustments, in its internal analysis of operating results. As the Company’s operations are comprised of a single reporting segment, the Company’s segment assets are reflected on the accompanying unaudited condensed consolidated interim balance sheet as “total assets” and its significant segment expenses and net loss are listed on the accompanying unaudited condensed consolidated interim statements of operations and comprehensive loss. The Company’s operations are located primarily in the United States, Canada, the Philippines and Australia. The financial information by geographic area is presented below in (thousands). <table cellpadding="0" cellspacing="0" id="xdx_886_eus-gaap--ScheduleOfQuarterlyFinancialInformationTableTextBlock_pn3n3_zvvTNrVhcn2f" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Segment Information (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Schedule of financial information by geographic area</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">United States</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Canada</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Philippines</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Australia</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Eliminations</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Total</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-decoration: underline; text-align: left; text-indent: -0.125in; padding-left: 0.125in; font-weight: bold; vertical-align: top">As of June 30, 2026:</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; width: 28%; text-align: left">Identifiable assets by geographic area</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">31,353</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">78</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">187</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right">4,922</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">-</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">36,540</td> <td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Long lived assets by geographic area</td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">11,742</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">2</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">64</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">3,499</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">15,307</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Goodwill by geographic area</td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">6,589</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">1,092</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">7,681</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: -0.125in; padding-left: 0.125in; vertical-align: top"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-decoration: underline; text-align: left; text-indent: -0.125in; padding-left: 0.125in; font-weight: bold; vertical-align: top">As of December 31, 2025:</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Identifiable assets by geographic area</td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">32,094</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">125</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">211</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">32,430</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Long lived assets by geographic area</td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">12,775</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">57</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">103</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">12,935</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Goodwill by geographic area</td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">6,589</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">6,589</td> <td style="text-align: left"> </td></tr> </table>

<table cellpadding="0" cellspacing="0" id="xdx_886_eus-gaap--ScheduleOfQuarterlyFinancialInformationTableTextBlock_pn3n3_zvvTNrVhcn2f" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Segment Information (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Schedule of financial information by geographic area</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">United States</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Canada</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Philippines</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Australia</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Eliminations</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Total</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-decoration: underline; text-align: left; text-indent: -0.125in; padding-left: 0.125in; font-weight: bold; vertical-align: top">As of June 30, 2026:</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; width: 28%; text-align: left">Identifiable assets by geographic area</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">31,353</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">78</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">187</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right">4,922</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">-</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">36,540</td> <td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Long lived assets by geographic area</td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">11,742</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">2</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">64</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">3,499</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">15,307</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Goodwill by geographic area</td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">6,589</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">1,092</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">7,681</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: -0.125in; padding-left: 0.125in; vertical-align: top"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-decoration: underline; text-align: left; text-indent: -0.125in; padding-left: 0.125in; font-weight: bold; vertical-align: top">As of December 31, 2025:</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Identifiable assets by geographic area</td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">32,094</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">125</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">211</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">32,430</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Long lived assets by geographic area</td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">12,775</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">57</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">103</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">12,935</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Goodwill by geographic area</td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">6,589</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">6,589</td> <td style="text-align: left"> </td></tr> </table>

31353000 78000 187000 4922000 36540000 11742000 2000 64000 3499000 15307000

6589000

1092000

7681000

32094000 125000 211000 32430000 12775000 57000 103000 12935000

6589000

NOTE 12 - Business Combination Acquisition of EngineRoom On June 3, 2026, CXAI Australia Pty Ltd, a wholly owned subsidiary of CXApp Inc., completed the acquisition of 100% of the outstanding equity interests of Virtus Digital Marketing Pty Ltd, doing business as EngineRoom, pursuant to a Share Sale Deed entered into among CXAI Australia Pty Ltd, CXApp Inc., the sellers identified therein and the founder guarantors. As a result of the acquisition, EngineRoom became an indirect wholly owned subsidiary of the Company. EngineRoom is an Australia-based growth marketing solutions provider that provides managed advertising and growth marketing advisory services, including performance marketing, search engine optimization, customer engagement, network development, website development and advisory services. The Company completed the acquisition to expand its service offerings and incorporate EngineRoom’s workforce, customer relationships, proprietary software and other intellectual property into the Company’s operations. EngineRoom’s results of operations have been included in the Company’s unaudited condensed consolidated financial statements from June 3, 2026, the acquisition date. The acquisition has been accounted for as a business combination in accordance with ASC 805, Business Combinations, using the acquisition method of accounting. The Company has determined preliminary fair values of the assets acquired and liabilities assumed in the acquisition. These preliminary values are subject to adjustment as the Company completes its review of the assumptions and estimates used in the purchase-price allocation. The purchase price under the Share Sale Deed includes a cash completion payment, amounts deposited into escrow and a promissory note. The completion payment is subject to adjustment based on the final acquisition-date working capital, cash and debt amounts determined in accordance with the Share Sale Deed. Prior to the acquisition, EngineRoom had an unsecured loan receivable of $606 thousand from Adam John Laurie, a director and majority shareholder of EngineRoom. The loan was non-interest-bearing, had no fixed maturity date, and was repayable on demand. Accordingly, no interest income was recognized. In connection with the acquisition on June 3, 2026, CXAI Australia Pty Ltd issued a $606 thousand promissory note to Adam John Laurie, which was immediately endorsed and delivered to EngineRoom. This fully settled and terminated the related-party loan and replaced EngineRoom’s receivable from Adam John Laurie with a receivable from the buyer. The replacement receivable was included in the net assets acquired and eliminated against the corresponding intercompany obligation in consolidation. Accordingly, no related-party loan or related intercompany balance remained in the consolidated balance sheet as of June 30, 2026. Earn-Out Arrangement The Share Sale Deed also provides for potential earn-out payments based on EngineRoom’s achievement of specified revenue targets for the periods ending June 30, 2027 and June 30, 2028. Payment of the earn-out is subject to a continuing-employment condition relating to a key employee. Based on the terms of the arrangement, the Company has preliminarily concluded that the earn-out represents post-combination compensation rather than consideration transferred in the business combination. Accordingly, the earn-out has been excluded from the preliminary purchase consideration and will be recognized as compensation expense over the applicable service period, subject to reassessment at each reporting date. The Company has made a provisional allocation of the purchase consideration to the assets acquired and liabilities assumed as of the acquisition date. The following table summarizes the preliminary purchase-price allocation relating to the acquisition: The preliminary fair values and useful lives of the identifiable intangible assets are being determined with the assistance of a third-party valuation specialist based on projections and financial information provided by management. The valuation of identifiable intangible assets, deferred income taxes and other acquisition-date fair-value adjustments had not been finalized as of the date of these unaudited condensed consolidated financial statements. Goodwill represents the excess of the preliminary purchase consideration over the preliminary fair value of the identifiable net assets acquired. The goodwill is expected to reflect the value of EngineRoom’s assembled workforce, expected operational benefits and the benefits arising from integrating EngineRoom’s managed advertising and growth marketing advisory capabilities with the Company’s existing operations. Escrow Arrangement At closing, $464 thousand was deposited into an escrow account to secure certain seller indemnification obligations under the Share Sale Deed. Subject to any properly asserted claims, 50% of the escrow amount is scheduled for release approximately six months following completion and the remaining 50% approximately twelve months following completion. Amounts paid to the Company from the escrow account in settlement of qualifying claims will be accounted for based on the nature of the related claim. Acquisition-Related Costs The Company incurred acquisition-related costs of approximately $208 thousand during the three months ended June 30, 2026. These costs were expensed as incurred and are included in general and administrative expenses in the condensed consolidated statements of operations and comprehensive loss. Measurement Period The preliminary purchase-price allocation is based on initial estimates and provisional amounts. In accordance with ASC 805, when the initial accounting for a business combination is incomplete at the end of the reporting period in which the combination occurs, the Company reports provisional amounts for the items for which the accounting is incomplete. During the measurement period, the Company will adjust the provisional amounts recognized as of the acquisition date to reflect new information obtained about facts and circumstances that existed as of the acquisition date and that, if known, would have affected the measurement of the amounts initially recognized. The Company continues to refine the inputs and estimates relating to the valuation of identifiable intangible assets, property and equipment, lease-related assets and liabilities, deferred income taxes, the realizability of acquired assets, the completeness of assumed liabilities and the final working-capital, cash and debt adjustments under the Share Sale Deed. Any resulting measurement-period adjustments will be recognized during the period in which the adjustments are determined and reflected as if the accounting had been completed as of the acquisition date. The Company expects to complete the purchase-price allocation within the measurement period permitted under U.S. GAAP. <table cellpadding="0" cellspacing="0" id="xdx_88C_eus-gaap--ScheduleOfAllocationOfPlanAssetsTableTextBlock_pn3n3_z8FlZI6CIia5" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Business Combination (Details)"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td id="xdx_8B2_zm0dDrqr6RW9" style="display: none; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Schedule of measurement</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_498_20260630_zOI3XfhVxTa3" style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td></tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid">Assets acquired and liabilities assumed</td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">USD (000s)</td> <td style="padding-bottom: 1pt"> </td> </tr> <tr id="xdx_401_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsAbstract_iB_zqM0lX14gu6l" style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">ASSETS ACQUIRED</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right"> </td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_400_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents_iI_zYXT2OpZZ2O" style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Cash and cash equivalents</td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">321</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_40F_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsOther_iI_zdZqoszhWCn2" style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Accounts receivable, net</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">574</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_406_ecustom--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAccountsReceivableNet_iI_zFSKrqsL06wd" style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Other current assets</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">183</td> <td style="text-align: left; white-space: nowrap"> </td></tr> <tr id="xdx_406_ecustom--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedWorkInProgress_iI_zpfBQNCxs8p9" style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Work in progress</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">320</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_40B_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment_iI_zn7fSMEUrRHa" style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Fixed assets, net</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">520</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_402_ecustom--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCustomerRelationships_iI_zGuPqct79sRe" style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Customer relationships</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">1,839</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_40A_ecustom--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedTradeNamesAndTrademarks_iI_zNNjRug5pV9c" style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Trade names and trademarks</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">478</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_409_ecustom--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDevelopedTechnologyFairValueAdjustment_iI_zCmnQOeFRvja" style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1pt">Developed technology fair value adjustment</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">515</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> </tr> <tr id="xdx_406_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet_iI_z9ZSbLk4SmCe" style="background-color: White; vertical-align: bottom"> <td style="padding-bottom: 1pt; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Total assets acquired, excluding goodwill</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">4,750</td> <td style="padding-bottom: 1pt; text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_403_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesAbstract_iB_zlIYwgCOGaFh" style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">LIABILITIES ASSUMED</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_404_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable_iI_z771h86tO688" style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Accounts payable</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">878</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_402_ecustom--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccruedExpenses_iI_zM0cjNebPB9b" style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Accrued expenses</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">237</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_40A_ecustom--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAtoLiability_iI_zbZpYR01SUGl" style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Statutory liability</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">338</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_402_ecustom--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesLongserviceLeaveLiability_iI_zPwd6f2voiQd" style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Long-service leave liability</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">10</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_404_ecustom--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesProvisionForIncomeTax_iI_zVpmh6rS3fOb" style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1pt">Provision for income tax</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">193</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> </tr> <tr id="xdx_40C_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet_iI_zxKCHoeE4B5k" style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1pt">Total liabilities assumed</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">1,656</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> </tr> <tr id="xdx_404_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIndefiniteLivedIntangibleAssets_iI_zoaDMRG9JYVf" style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Provisional fair value of identifiable net assets acquired</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">3,094</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_40F_ecustom--PurchaseConsiderationAbstract_iB_zYo7uMFPxmQh" style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">PURCHASE CONSIDERATION</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_40A_ecustom--CashPaidToSellers_iI_zMWMulaAJLJ6" style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Cash paid to sellers</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">3,074</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_401_ecustom--EscrowConsideration_iI_zxuTlJVIEmY1" style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Escrow consideration</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">464</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_40C_ecustom--AmountPayableToSeller_iI_zWSy4BztMAl8" style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1pt">Amount payable to seller</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">24</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> </tr> <tr id="xdx_400_ecustom--TotalProvisionalPurchaseConsideration_iI_z4IDxnXSAMS" style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Total provisional purchase consideration</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">3,562</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_406_ecustom--AddAdjustmentOnTaxProvision_iI_zsar2ajizzJ6" style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1pt">Add: Adjustment on tax provision</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">624</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> </tr> <tr id="xdx_401_ecustom--ProvisionalGoodwillRecognized_iI_zeuHCLpavMh2" style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Provisional goodwill recognized</td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">1,092</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> </table>

208000

<table cellpadding="0" cellspacing="0" id="xdx_88C_eus-gaap--ScheduleOfAllocationOfPlanAssetsTableTextBlock_pn3n3_z8FlZI6CIia5" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Business Combination (Details)"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td id="xdx_8B2_zm0dDrqr6RW9" style="display: none; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Schedule of measurement</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_498_20260630_zOI3XfhVxTa3" style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td></tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid">Assets acquired and liabilities assumed</td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">USD (000s)</td> <td style="padding-bottom: 1pt"> </td> </tr> <tr id="xdx_401_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsAbstract_iB_zqM0lX14gu6l" style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">ASSETS ACQUIRED</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right"> </td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_400_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents_iI_zYXT2OpZZ2O" style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Cash and cash equivalents</td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">321</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_40F_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsOther_iI_zdZqoszhWCn2" style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Accounts receivable, net</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">574</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_406_ecustom--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAccountsReceivableNet_iI_zFSKrqsL06wd" style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Other current assets</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">183</td> <td style="text-align: left; white-space: nowrap"> </td></tr> <tr id="xdx_406_ecustom--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedWorkInProgress_iI_zpfBQNCxs8p9" style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Work in progress</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">320</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_40B_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment_iI_zn7fSMEUrRHa" style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Fixed assets, net</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">520</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_402_ecustom--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCustomerRelationships_iI_zGuPqct79sRe" style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Customer relationships</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">1,839</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_40A_ecustom--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedTradeNamesAndTrademarks_iI_zNNjRug5pV9c" style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Trade names and trademarks</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">478</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_409_ecustom--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDevelopedTechnologyFairValueAdjustment_iI_zCmnQOeFRvja" style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1pt">Developed technology fair value adjustment</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">515</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> </tr> <tr id="xdx_406_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet_iI_z9ZSbLk4SmCe" style="background-color: White; vertical-align: bottom"> <td style="padding-bottom: 1pt; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Total assets acquired, excluding goodwill</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">4,750</td> <td style="padding-bottom: 1pt; text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_403_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesAbstract_iB_zlIYwgCOGaFh" style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">LIABILITIES ASSUMED</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_404_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable_iI_z771h86tO688" style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Accounts payable</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">878</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_402_ecustom--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccruedExpenses_iI_zM0cjNebPB9b" style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Accrued expenses</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">237</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_40A_ecustom--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAtoLiability_iI_zbZpYR01SUGl" style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Statutory liability</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">338</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_402_ecustom--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesLongserviceLeaveLiability_iI_zPwd6f2voiQd" style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Long-service leave liability</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">10</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_404_ecustom--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesProvisionForIncomeTax_iI_zVpmh6rS3fOb" style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1pt">Provision for income tax</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">193</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> </tr> <tr id="xdx_40C_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet_iI_zxKCHoeE4B5k" style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1pt">Total liabilities assumed</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">1,656</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> </tr> <tr id="xdx_404_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIndefiniteLivedIntangibleAssets_iI_zoaDMRG9JYVf" style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Provisional fair value of identifiable net assets acquired</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">3,094</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_40F_ecustom--PurchaseConsiderationAbstract_iB_zYo7uMFPxmQh" style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">PURCHASE CONSIDERATION</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_40A_ecustom--CashPaidToSellers_iI_zMWMulaAJLJ6" style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Cash paid to sellers</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">3,074</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_401_ecustom--EscrowConsideration_iI_zxuTlJVIEmY1" style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Escrow consideration</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">464</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_40C_ecustom--AmountPayableToSeller_iI_zWSy4BztMAl8" style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1pt">Amount payable to seller</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">24</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> </tr> <tr id="xdx_400_ecustom--TotalProvisionalPurchaseConsideration_iI_z4IDxnXSAMS" style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Total provisional purchase consideration</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">3,562</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_406_ecustom--AddAdjustmentOnTaxProvision_iI_zsar2ajizzJ6" style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1pt">Add: Adjustment on tax provision</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">624</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1pt"> </td> </tr> <tr id="xdx_401_ecustom--ProvisionalGoodwillRecognized_iI_zeuHCLpavMh2" style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Provisional goodwill recognized</td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">1,092</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> </table>

321000

574000

183000 320000

520000

1839000 478000 515000

4750000

878000

237000 338000 10000 193000

1656000

3094000

3074000 464000 24000 3562000 624000 1092000

NOTE 13 - Commitments and Contingencies Risks and Uncertainties Various social and political circumstances in the United States and around the world (including wars and other forms of conflict, including trade tensions between the United States and China, the conflicts in the Middle East and between Russia and Ukraine, and other uncertainties regarding actual and potential shifts in the United States and foreign, trade, economic, tariffs, and other policies with other countries, terrorist acts, security operations and catastrophic events such as fires, floods, earthquakes, tornadoes, hurricanes and global health epidemics) may contribute to increased market volatility and economic uncertainties or deterioration in the United States and worldwide. In response to the conflict between Russia and Ukraine, the United States and other countries have imposed sanctions or other restrictive actions against Russia. The ongoing conflicts in the Middle East (including the conflict between Iran and Israel and the United States’ military actions against Iran) has caused political, economic, and military instability in Israel and surrounding regions. Any of the above factors, including sanctions, export controls, tariffs, trade wars and other governmental actions, could have a material adverse effect on the Company and the value of the Company’s securities. Management continues to evaluate the impact of these types of risks and has concluded that while it is reasonably possible that these risks and uncertainties could have a negative effect on the Company’s financial position, results of its operations and/or search for a target company, the specific impact is not readily determinable as of the date of these unaudited condensed consolidated financial statements. The unaudited condensed consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty. Litigation Certain conditions may exist as of the date the unaudited condensed consolidated financial statements are issued which may result in a loss to the Company, but which will only be resolved when one or more future events occur or fail to occur. The Company assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company, or unasserted claims that may result in such proceedings, the Company evaluates the perceived merits of any legal proceedings or unasserted claims, as well as the perceived merits of the amount of relief sought or expected to be sought therein. If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s financial statements. If the assessment indicates that a potentially material loss contingency is not probable, but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability and an estimate of the range of possible losses, if determinable and material, would be disclosed. Loss contingencies considered remote are generally not disclosed, unless they involve guarantees, in which case the guarantees would be disclosed. There can be no assurance that such matters will not materially and adversely affect the Company’s business, financial position, and results of operations or cash flows.

NOTE 14 - Subsequent Events The Company evaluated subsequent events and transactions that occurred after June 30, 2026, through the date the condensed consolidated financial statements were issued. Based upon this review, the Company identified the following subsequent events: Following the quarter ended June 30, 2026, the Company converted a portion of its outstanding 2025 Avondale Prepaid Purchase #4 Convertible Notes into Class A common stock. These conversions were part of the Company’s ongoing efforts to reduce debt and strengthen its equity structure. As the transactions occurred after the reporting date, they are classified as non-recognized subsequent events. In total, the Company issued approximately 7,673,664 shares of Class A common stock in connection with these conversions.

7673664

false false false false Software As A Service Subscription Revenue’s performance obligation is satisfied evenly over the service period using a time-based measure because the Company is providing continuous access to its service and service is recognized over time. Additionally, it also includes access to technology platform and search-engine optimization solutions provided to customers. Professional services are also contracted on the fixed fee and time and materials basis. Fixed fees are paid monthly, in phases, or upon acceptance of deliverables. The Company has generally elected the practical expedient to recognize revenue for the right to invoice because the Company’s right to consideration corresponds directly with the value to the customer of the performance completed to date. Managed advertising services represent a series of distinct services that are substantially the same and have the same pattern of transfer to the customer. Revenue from these services is recognized over time because the customer simultaneously receives and consumes the benefits as the Company performs. Growth marketing advisory, which includes website and network development and its related services, revenue is recognized over time when the applicable criteria for over-time recognition are met, primarily where the services performed create no alternative use to the Company and the Company has an enforceable right to payment for work completed to date. Hardware revenue is recognized at a point in time when the control over the goods transfers to the customer - upon delivery to the customers. The total revenue for the six months is $2,644 thousand which includes EngineRoom revenue of $689 thousand which is not deferred revenue and hence, not added in the above table. During the six months ended June 30, 2026, the Company issued 67,317,304 shares of the Company’s Class A Common stock pursuant to purchase notices related to Pre-Paid Purchase #1, #2 and #3. The shares issued have a total exchange amount of $13,576 thousand with exchange price ranging from $0.14 to $0.36. During the year ended December 31, 2025, the Company issued 1,683,104 shares of the Company’s Class A Common Stock pursuant to multiple purchase notices related to Pre-Paid Purchase #1. The shares issued have a total exchange amount of $2,100 thousand with exchange prices ranging from $1.18 to $1.41.