v3.25.4
NOTE 5 - CASH AND CASH EQUIVALENTS AND RESTRICTED CASH
12 Months Ended
Dec. 31, 2025
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH  
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH

NOTE 5 CASH AND CASH EQUIVALENTS AND RESTRICTED CASH

 

The following table reconciles cash and cash equivalents, and restricted cash in the consolidated balance sheets to the totals shown on the consolidated statements of cash flows as of December 31, 2025 and 2024:

 

 

 

December 31,

 

December 31,

 

(in thousands)

 

2025

 

2024

 

Cash and cash equivalents

 

$

2,076

 

$

6,869

 

Restricted cash

 

 

589

 

 

1,085

 

Total cash and cash equivalents, and restricted cash

 

$

2,665

 

$

7,954

 

 

The following table presents cash and cash equivalents, and restricted cash held in accounts in each country (translated into USD) as of December 31, 2025 and 2024:

 

 

 

December 31,

 

December 31,

 

(in thousands)

 

2025

 

2024

 

Cash and cash equivalents:

 

 

 

 

 

 

 

Malta

 

$

1,118

 

$

607

 

Finland

 

 

182

 

 

431

 

United States

 

 

31

 

 

5,307

 

United Kingdom

 

 

89

 

 

57

 

Cyprus

 

 

 

 

14

 

Lithuania

 

 

221

 

 

313

 

Switzerland

 

 

91

 

 

81

 

Other

 

 

344

 

 

59

 

Restricted cash

 

 

 

 

 

 

 

Malta

 

 

175

 

 

566

 

Denmark

 

 

159

 

 

160

 

United Kingdom

 

 

255

 

 

164

 

Cyprus

 

 

 

 

188

 

Other

 

 

 

 

7

 

Total cash and cash equivalents, and restricted cash

 

$

2,665

 

$

7,954