6. NOTE RECEIVABLE

In November 2025, the Company entered into a short-term bridge financing arrangement with Anonybit, Inc. in connection with a potential strategic transaction. Pursuant to this arrangement, the Company advanced $0.2 million to Anonybit under a secured promissory note, which is secured by certain intellectual property and related assets of Anonybit.. The Company also entered into a software license agreement with Anonybit; however, the broader contemplated transaction was not completed, and no additional amounts were funded under the note.

During the fourth quarter of 2025, the Company determined that Anonybit was insolvent and unable to satisfy its obligations after the Company ceased further funding and called the note. As a result, the Company recorded a full write-off of the $0.2 million note receivable, which is included in general and administrative expenses for the year ended December 31, 2025.

As of December 31, 2025, the Company had no remaining carrying value related to this note. The Company

may pursue recovery or enforcement actions; however, any potential recoveries are not considered probable at this time.