v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (462,760) $ (10,339)
Adjustments to reconcile net loss to cash used in operating activities:    
Depreciation and amortization 3,534 188
Amortization of debt discount and issuance costs 1,372
Gain on settlement and forgiveness of accounts payable and other liabilities (196) (2,511)
Non-cash lease expense 96 316
Change in fair value of exchangeable shares derivative liability 389,680
Change in fair value of convertible debenture embedded derivative (7,015)
Change in fair value of marketable securities 777
Fair value of liability warrants reclassified from permanent equity 8,049
Stock based compensation expense 57,104 6,957
Deferred income taxes (1,254)
Allowance for credit losses on accounts receivable 109
Impairment of long-term assets 253
Warrant modification expense 15
Changes in operating assets and liabilities:    
Accounts receivable (85)
Lease receivables 103
Sales tax receivable (36)
Employee advances 5
Change in net investment in leases 13
Prepaid expenses and other assets (405) 126
Customer deposits (7)
Accounts payable and accrued expenses 597 571
Operating lease liabilities (102) (350)
Net cash used in operating activities (10,437) (4,758)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of investment (144)
Purchase of gold held as long-term investment (24,472)
Business acquisition, net of cash acquired 366
Net cash used in investing activity (24,250)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Sale of common stock under at-the- market offering, net of transaction costs 17,455
Sale of common stock and warrants 818 4,210
Repayment of finance obligation (712)
Proceeds from convertible note payable, net of issuance costs 45,364
Cash paid to settle warrants (8,049)
Proceeds from issuance of related party note payable 500
Net cash provided by financing activities 54,876 4,710
Effect of exchange rate change on cash (15)
Net increase in cash 20,174 (48)
Cash, beginning of the year 142 190
Cash, end of the year 20,316 142
Supplemental disclosures of cash flow information:    
Cash paid during the year for interest
Cash paid during the year for income taxes
Non cash investing and financing activities:    
Recognition of derivative liability as part of business combination 105,498
Recognition of assets acquired as part of business combination 117,982
Recognition of liabilities assumed as part of business combination 12,850
Common stock issued in settlement of accounts payable and accrued expenses 683 122
Dividend payable on preferred stock charged to additional paid-in-capital 11 9
Financing obligation entered into in exchange for prepaid insurance 1,628
Prepaid stock based compensation 14,985
Investment in Empress Royalty Corp. acquired through issuance of common stock 10,484
Common stock issued in settlement of accrued severance 45
Series C convertible preferred stock deemed dividend 174
Common stock issued for conversion of note payable and accrued interest $ 509