v3.26.1
Segment Reporting (Tables)
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract] [Standard Label]  
Schedule of Income Statements by Segment, Significant Segment Expenses, and Segment Assets

The Company’s income statements by segment, significant segment expenses, and segment assets are presented below (in thousands):

 

   Year Ended December 31, 2025 
   Deep
Isolation US
& EMEA		   Freestone   Total 
Revenues  $2,494   $3,642   $6,136 
Cost of services   1,093    1,541    2,634 
Depreciation and amortization expense   1    114    115 
Selling, general and administrative expenses   7,232    1,521    8,753 
Research and development costs   404    -    404 
Operating (loss)  income  $(6,236)  $466   $(5,770)
Other income, net   433    2    435 
Segment  (loss) income before income tax  $(5,803)  $468   $(5,335)
Income tax expense    1    -    1 
Segment (loss)  income  $(5,804)  $468   $(5,336)
    As of December 31, 2025  
    Deep
Isolation US
& EMEA		     Freestone     Total  
Cash and cash equivalents   $ 25,926     $ 1,508     $ 27,434  
Accounts receivable, net     140       299       439  
Contract assets     44       231       275  
Other current assets     641       31       672  
Property, plant and equipment, net     66       62       128  
Intangible assets, net     -       73       73  
Finance lease right-of-use assets     -       11       11  
Operating lease right-of-use assets     -       269       269  
Other non-current assets     140       -       140  
Goodwill     -       182       182  

  

    Year Ended December 31, 2024  
    Deep
Isolation US
& EMEA		     Freestone     Total  
Revenues   $ 2,877     $ 4,176     $ 7,053  
Cost of services     1,841       1,824       3,665  
Depreciation and amortization expense     2       108       110  
Selling, general and administrative expenses     2,886       1,256       4,142  
Research and development costs     202       -       202  
Operating (loss) income   $ (2,054 )   $ 988     $ (1,066 )
Other income/(expense), net     182       (109 )     73  
Segment (loss) income before income tax   $ (1,872 )   $ 879     $ (993 )
Income tax (benefit) expense      1       -       1  
Segment (loss) income    $ (1,873 )   $ 879     $ (994 )

  

    As of December 31, 2024  
    Deep
Isolation US
& EMEA		     Freestone     Total  
Cash and cash equivalents   $ 944     $ 1,205     $ 2,149  
Accounts receivable, net     348       651       999  
Contract assets     20       91       111  
Other current assets     50       30       80  
Property, plant and equipment, net     3       52       55  
Intangible assets, net     -       153       153  
Finance lease right-of use assets     -       14       14  
Operating lease right-of-use assets     4       383       387  
Goodwill     -       182       182  
Schedule of Net Sales by Geographic Area The following table summarizes net sales by geographic area (in thousands):
    Year Ended December 31,  
    2025     2024  
U.S.   $ 6,058     $ 6,555  
EMEA     78       498  
Total   $ 6,136     $ 7,053  
Schedule of Long-Lived Assets by Geographic Area

The following table summarizes long-lived assets by geographic area (in thousands): 

 

    As of December 31,  
    2025     2024  
U.S.   $ 481     $ 609  
EMEA     -       -  
Total   $ 481     $ 609  
Schedule of Customer Concentration Risk

During the years ended December 31, 2025 and 2024, four customers, accounted for approximately 81% and 90%, respectively, of the Company’s revenue as follows (in thousands):

 

    Year Ended December 31,  
    2025     2024  
    $     %     $     %  
Revenue earned from the U.S. Department of Energy   $ 719       12 %   $ 1,529       22 %
Revenue earned from the CPCCO     2,117       35 %     2,792       40 %
Revenue earned from Oklo     668       11 %     342       5 %
Revenue earned from the H2C (formerly WRPS)     1,109       24 %     1,490       24 %
Total revenues from major customers   $ 4,613       81 %   $ 6,153       90 %