Leases (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of lease cost


		12 months ended		12 months ended		12 months ended
		December 31,		December 31,		December 31,
USD’000		2025		2024		2023
Finance lease cost:
Amortization of right-of-use assets		37		—		—
Interest on lease liabilities		2		—		—

Operating lease cost:
Fixed rent expense		540		356		329
Variable lease cost		72		—		—
Short-term lease cost		—		—		—
Net lease cost		651		356		329
Lease cost - Cost of sales		—		—		—
Lease cost - General & administrative expenses		651		356		329
Net lease cost		651		356		329


		As at December 31,		As at December 31,
USD’000		2025		2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases		589		351
Financing cash flows from finance leases		39		—
Non-cash investing and financing activities:
Net lease cost		651		356
Additions to ROU assets obtained from:
New operating lease liabilities		6,312		62
New finance lease liabilities		157		—

Schedule of right-of-use assets and lease liabilities


		As at December 31,		As at December 31,
USD’000		2025		2024
Right-of-use assets:
Operating leases		6,113		1,031
Finance leases		126		—
Total right-of-use assets		6,239		1,031
Lease liabilities:
Operating leases		6,191		943
Finance leases		129		—
Total lease liabilities		6,320		943

Schedule of future minimum lease payments of operating lease liability


Year (USD’000)		Operating		Finance		Total
2026		915		60		975
2027		887		45		932
2028		880		29		909
2029		879		1		880
2030 and beyond		3,699		—		3,699
Total future minimum operating and finance lease payments		7,260		135		7,395
Less effects of discounting		(1,069)		(6)		(1,075)
Lease liabilities recognized		6,191		129		6,320