v3.25.1
Related Party (Tables)
 3 Months Ended
Mar. 31, 2025
Related Party Transactions [Abstract]  
Schedule of Related Parties Material Balances and Transactions

The related parties that had material balances as of March 31, 2025 and December 31, 2024 and transactions for the three months ended March 31, 2025 and 2024 consist of the following:

 

 

Name of Related Party   Nature of Relationship at March 31, 2025
V-Cube, Inc.   The principal shareholder of the Company
Wizlearn Technologies Pte. Ltd.   An affiliate of the Company

 

Name of Related Party  Nature of Relationship as of December 31, 2025
Dyventive, Inc  A company controlled by Dave Kovalcik, the director of V-Cube, Inc., the principal shareholder of the Company
GHDLCK, LLC  A company controlled by an immediate family member of Dave Kovalcik, the director of V-Cube, Inc., the principal shareholder of the Company
PharMethod, Inc  A company controlled by Dave Kovalcik, the director of V-Cube, Inc., the principal shareholder of the Company
V-Cube, Inc.  The principal shareholder of the Company
Wizlearn Technologies Pte. Ltd.  An affiliate of the Company
Schedule of Related Party Balances

The Company had the following related party balances as of March 31, 2025 and December 31, 2024:

 

      March 31,     December 31, 
   Nature of transactions  2025   2024 
Advance to related party(1):             
V-Cube, Inc.  Advance payment made for IT outsourcing and market advisory services   1,963    — 
V-Cube, Inc.  Advance payment made for marketing and business development   740    — 
V-Cube, Inc.  Advance payment made for consultancy services   1,537    — 
V-Cube, Inc.  Advance payment made for advisory services   1,025    — 
Payable due to related party:             
GHDLCK, LLC  Accounts payable related to rental expenses   —    83 
PharMethod, Inc  Accounts payable related to operating expenses   —    73 
Short-term loans due to related parties:              
V-Cube Inc.  Loan payable for working capital   2,187    4,062 
Wizlearn Technologies Pte. Ltd.  Loan payable for working capital    1,815    1,555 
Schedule of Related Party Transactions

The Company had the following related party transactions for the three months ended March 31, 2025 and 2024:

 

      Three Months Ended March 31, 
   Nature of transactions  2025   2024 
Revenue from related parties:                
Dyventive, Inc  Sales from delivered events  $—   $10 
PharMethod, Inc  Sales from delivered events   —    1 
Selling, General and Administrative Expenses with related party:         
GHDLCK, LLC  Rental expense for the Company’s office    —    24 
V-Cube, Inc.  IT outsourcing and market advisory services and marketing and business development   

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