NOTE 9 - ACCRUED EXPENSES

12 Months Ended

Dec. 31, 2025

NOTE 9 — ACCRUED EXPENSES

Accrued expenses at December 31, 2025 and 2024 are summarized as follows:

	December 31,		December 31,
(in thousands)	2025		2024
VAT and other non income tax liabilities	$	910	$	1,503
Accrued expenses		763		847
Accrued deferred offering costs		79		—
Accrued licensing fee		585		335
Accrued marketing		737		1,553
Income tax payable		63		—
Accrued payroll		53		23
Other accrued expenses		183		47
Total accrued expenses	$	3,373	$	4,308