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Note 1 — Nature of operations High Roller Technologies, Inc. (the “Company” or “High Roller”) was incorporated in Delaware on December 21, 2021, with the intent to seek an initial public offering on a United States securities exchange. High Roller operates an online gaming business offering casino games to customers worldwide under the domain name ‘highroller.com’. High Roller will be applying for a guaranteed introducing broker license, followed by an introducing broker license, to operate in the regulated US prediction markets under its wholly owned subsidiary ROLR US LLC. Subsidiaries of High Roller The following are the Company’s wholly owned subsidiaries:  HR Entertainment LTD, On March 17, 2022, the Company acquired HR Entertainment Ltd, an entity organized under the laws of British Virgin Islands, and currently has no operations.  Lunar Ventures Limited On May 30, 2023, Lunar Ventures Limited was incorporated in Malta. The services provided by Ventures principally include customer support, activation, and retention, risk management, payments, and fraud management, and monthly reporting on support transactions.  Interstellar Entertainment N.V On February 15, 2024, Interstellar Entertainment N.V. was incorporated in Curacao. Interstellar Entertainment N.V. holds a worldwide license to operate the HighRoller.com domain.  Deep Dive Holdings LTD Deep Dive Holdings LTD, which was organized in Malta in September 2024, acts as a holding company for the Company’s consolidated Maltese and Cypriot operating and service entities and has no operations.  HRMT Services Ltd. On March 3, 2025, HRMT Services Ltd. was incorporated in Malta and currently has no operations.  HRON Services Ltd On March 13, 2025, HRON Services Ltd. was incorporated in Malta. The purpose of this entity is to obtain a gambling license in Ontario, Canada.  Overstory LLC On April 3, 2025, Overstory LLC was incorporated in Wyoming and currently has no operations.  Ontario Inc On May 20, 2025, Ontario Inc was incorporated in Ontario and currently has no operations.  Happy Hour Solutions Limited On December 31, 2025, the Company acquired Happy Hour Solutions Limited, a Cyprus company. Happy Hour Solutions Limited holds the Company’s Estonian Gaming License.  Wowly NV (“Wowly”) On April 26, 2011, Wowly was organized in Curacao, and currently has no operations.  Ellmount Entertainment Ltd. (“Entertainment”) On December 30, 2021, the Company acquired Entertainment, a Malta company. Entertainment manages certain internet related advertising services on behalf of the Company.  ROLR US LLC On April 6, 2026, ROLR US LLC was organized in Delaware, for the purpose of applying for a guaranteed introducing broker license to operate in the regulated US prediction markets. <div style="-aw-sdt-tag:'843-ddd-6a3-eb9-cbee'"></div><div style="-aw-sdt-tag:'843-ddd-6a3-eb9-cbee'"></div>Discontinued Operations On December 31, 2025, the Company agreed to assign and transfer to Spike Up Media, A.B. the domain name www. casinoroom.com and all variations and extensions the “Casino Room Domain”. In exchange for the Casino Room Domain, the Company received 100% of the issued and allotted share capital of Happy Hour Solutions Limited, which holds a valid remote gambling license issued by the Estonian Tax and Customs Board. The disposal of the Casino Room Domain represents a strategic shift for the Company. The operating results associated with the Casino Room Domain were reported as net income from discontinued operations in the consolidated statements of operations for the three months ended March 31, 2025. The net income from discontinued operations for the three months ended March 31, 2025 represents the results associated with the Casino Room Domain results from the prior period. Material Transactions Private Placement On January 8, 2026, the Company entered into a stock purchase agreement with an accredited investor, pursuant to which the Company sold and issued to the investor in a private placement, an aggregate of 357,143 shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”), at a purchase price of $2.80 per share. The private placement closed on January 12, 2026. The aggregate gross proceeds from the private placement were $1.0 million. Registered Direct Offering On January 19, 2026, the Company, entered into a placement agent agreement with ThinkEquity LLC, pursuant to which the Company sold and issued directly to several investors, in a registered direct offering an aggregate of 1,892,506 shares of the Common Stock, at an offering price of $13.21 per share. The aggregate gross proceeds from the registered direct offering were $25.0 million. There were certain issuance costs related to the offering totaling approximately $2.5 million. Entry into a Material Definitive Agreement <div style="-aw-sdt-tag:'065-282-4b6-44d-b4ed'">On April 14, 2026, the Company entered into a Mutual Collaboration Agreement (the "Collaboration Agreement") with Foris DAX Markets, Inc., d/b/a Crypto.com, and its affiliates, including North American Derivatives Exchange, Inc. d/b/a Crypto.com | Derivatives North America ("CDNA") and Foris DAX FCM, LLC.Pursuant to the Collaboration Agreement, the Company initially will serve as a guaranteed introducing broker and plans to procure an introducing broker license shortly thereafter, for the purpose of soliciting customers to trade event-based derivative contracts in CDNA's Predictions product class (the "Predictions Contracts") on the CDNA trading system. The Company is responsible for, among other things, developing, implementing, and maintaining a technology platform, available as a mobile application, through which end-user customers may access and trade Predictions Contracts. CDNA will be the exclusive provider of Predictions Contracts through the Company's technology in the United States for the first 24 months of the term of the Collaboration Agreement. The Collaboration Agreement has an initial term of two years, with automatic renewal for a 12-month period, unless terminated earlier in accordance with its provisions.</div>

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INTANGIBLE ASSETS, NET Intangible assets with finite useful lives that are acquired are carried at cost less accumulated amortization and accumulated impairment losses. Amortization expense is recognized on a straight-line basis over the estimated useful lives of the intangible assets. The estimated useful lives and amortization method are reviewed at the end of each reporting period, with the effect of any changes in estimates being accounted for on a prospective basis.

IMPAIRMENT OF LONG-LIVED ASSETS The Company’s long-lived assets consist of property and equipment, operating lease-right of use assets and indefinite lived assets (i.e. trademarks and domain name). The Company evaluates long-lived assets for indicators of impairment at least annually or when events or changes in circumstances indicate that their carrying amounts may not be recoverable. The factors that would be considered by management in performing this assessment include current operating results, trends and prospects, the manner in which the long-lived asset is used and the effects of obsolescence, demand, competition and other economic factors. If indicators of impairment are identified, the Company performs an undiscounted cash flow analysis of the long-lived assets. Asset groups are written down only to the extent that their carrying value is lower than their respective fair value. Fair values of the asset group are determined by discounting the cash flows at a rate that approximates the cost of capital of a market participant. Indefinite-lived intangible assets consist of trademarks, domain name and gaming license. Indefinite-lived intangible assets are not amortized; rather they are tested for impairment at least annually, or more frequently if adverse events or changes in circumstances indicate that the carrying value may not be recoverable. In addition, management evaluates whether events and circumstances continue to support an indefinite useful life. Impairment tests are performed, at a minimum, in the fourth quarter of each year. To test indefinite-lived intangible assets for impairment, the Company first assesses the qualitative factors to determine whether it is more likely than not that the fair value of the indefinite-lived intangible asset is less than its carrying amount as a basis for determining whether it is necessary to perform a quantitative impairment test. If the Company determines that it is more likely than not that the fair value of an indefinite-lived intangible asset is less than its carrying amount, then the quantitative impairment test is performed. The qualitative assessment requires the consideration of factors such as recent market transactions, macroeconomic conditions, and changes in projected future cash flows. The quantitative assessment compares the fair value of an indefinite-lived intangible asset to its carrying amount. If the carrying amount of an indefinite-lived intangible asset exceeds its fair value, an impairment loss is recognized for the excess. Fair values of indefinite-lived intangible assets are determined based on discounted cash flows. The Company conducted an impairment analysis with respect to the Estonia gaming license and HighRoller domain name at March 31, 2026, which concluded that the fair value, determined using a discounted cash flow analysis, substantially exceed their carrying value, and thus they were not impaired. Projected cash flows included an estimated commission fee for referring a player who opens an account with a deposit to an online gaming site, as well as future revenue sharing agreements for those customers based upon net gaming revenue over an estimated gaming period ranging from approximately 5 months to 12 months. The Company did not have any impairment of indefinite-lived intangible assets during the three months ended March 31, 2026 and 2025.<div style="-aw-sdt-tag:'8c3-f9b-47e-88e-bbc3'"></div><div style="-aw-sdt-tag:'8c3-f9b-47e-88e-bbc3'"></div>

Due to AFFILIATES Due to affiliates consists of amounts owed by the Company to certain of its related parties and affiliates. Amounts due to affiliates may include payment for services provided to the Company by employees of the related party or affiliate, or reimbursement of amounts paid by the related party or affiliate on the Company’s behalf.

Foreign Currency and Foreign Exchange Risk The condensed consolidated financial statements are presented in United States Dollars ($), which is the Company’s reporting currency. Foreign currency exchange risk is the risk that the Company’s results of operations and/or financial condition could be impacted by unfavorable changes in exchange rates. The Company has transactions denominated in currencies other than the U.S. Dollar, principally the Euro but also other foreign currencies including Norwegian Krone, New Zealand Dollar and Canadian Dollar, that expose the Company’s operations to risk from the effects of exchange rate movements. Such movements may impact future revenues, expenses, and cash flows. Translation adjustments resulting from the process of translating the local currency financial statements into U.S. dollars are included in determining other comprehensive income. Changes in the value of the Company’s cash balance due to fluctuations in foreign exchange rate are presented in the unaudited condensed consolidated statements of cash flows as effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash. As of March 31, 2026 and December 31, 2025, 13% and 99%, respectively, of the Company’s cash, cash equivalents and restricted cash reside in bank accounts located outside of the United States. The Company’s primary foreign currency exchange risk occurs between the time when other foreign currencies are exchanged for wagering on the Platform, and when those funds are settled to the Company in Euro. The relatively stable status of the Euro reduces but does not eliminate the Company’s exposure to foreign currency exchange risk. In addition, gains and losses related to translating certain cash balances from the Euro to the U.S. Dollar, as well as payable balances also impact net income. As the Company’s foreign operations expand, results may be impacted further by fluctuations in the exchange rates of the currencies in which the Company does business. The Company has not used any derivative financial instruments to manage its foreign currency exchange risk exposure. In most of the Company’s operations, the Company transacts primarily in the Euro, including wagered amounts, net revenue, revenue share, and employee-related compensation costs. Operating arrangements with payment service providers who convert player funds to the Euro from other currencies, for example the Canadian Dollar, could further negatively impact foreign currency exchange risk if the exchange spot rates used are unfavorable as compared to European Central Bank exchange rates. Foreign currency gains and losses arising from transactions denominated in currencies other than the functional currency are included in net income (loss) and are included within general and administrative expenses. For the three months ended March 31, 2026 and 2025, the Company incurred foreign currency transaction losses of $0.7 million and $0.2 million, respectively. The effects of foreign currency translation adjustments are included in stockholders’ equity as a component of accumulated other comprehensive loss in the accompanying condensed consolidated balance sheets. Foreign currency fluctuations between the functional and reporting currency can significantly impact the currency translation adjustment component of accumulated other comprehensive income.

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-200000

RecentLY ADOPTED Accounting Pronouncements Management does not believe that any other recently issued, but not yet effective, authoritative guidance, if currently adopted, would have a material impact on the Company’s financial statement presentation or disclosures.

<table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:13pt"><td style="width:75%; vertical-align:bottom"> </td><td style="width:1.34%; padding:0.75pt; vertical-align:bottom"> </td><td colspan="5" style="vertical-align:bottom"><div style="-aw-sdt-tag:'C_a0cce18bc7d446fe80a6f9d0c4c674aa'">For the Three Months Ended</div></td><td style="width:1.32%; vertical-align:bottom"> </td></tr><tr style="height:13pt"><td style="width:75%; vertical-align:bottom"> </td><td style="width:1.34%; padding:0.75pt; vertical-align:bottom"> </td><td colspan="5" style="border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_dada3aefbbe34d5fbddf7093ade815ae'">March 31,</div></td><td style="width:1.32%; vertical-align:bottom"> </td></tr><tr style="height:13pt"><td style="width:75%; vertical-align:bottom"><div style="-aw-sdt-tag:'C_1f6543f3288a44109bfeb6f6ddd210ad'">(in thousands)</div></td><td style="width:1.34%; padding:0.75pt; vertical-align:bottom"> </td><td colspan="2" style="border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_73f069674df445a2bdd6519f4b62cb80'">2026</div></td><td style="width:1%; vertical-align:bottom"> </td><td colspan="2" style="border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.75pt; padding-left:5.75pt; vertical-align:bottom"><div style="-aw-sdt-tag:'C_29fcabcf22214fb78db9eb837de28826'">2025</div></td><td style="width:1.32%; vertical-align:bottom"> </td></tr><tr style="height:12pt"><td style="width:75%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_aaaae4b6bfce411ebd8e1aac13dfcc25'">Net gaming revenue</div></td><td style="width:1.34%; padding:0.75pt; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_8c8d57e0482a497786cc9b33df5d0426'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_f0aef89f8b7440679d2062341e9bd3b4'">3,364</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_5615389eedbe4f829f53d5c18e5e80e1'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_4a9802bfade4423faeaa5228c646342e'">5,190</div></td><td style="width:1.32%; vertical-align:bottom; background-color:#cceeff"> </td></tr><tr style="height:3pt"><td style="width:75%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_2894cb6a2d944ca1af8455b2c274d528'">Net revenue generated through non-core services</div></td><td style="width:1.34%; padding:0.75pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_6aff533737e84fc5966f68f9709eedcc'">2</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; padding-left:5.75pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_1ad81c13b3234cb1b08d2495a606e900'">1,581</div></td><td style="width:1.32%; vertical-align:bottom; background-color:#ffffff"> </td></tr><tr style="height:3pt"><td style="width:75%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'84f-b9b-80c-4e1-6eb9'">Discontinued operations</div></td><td style="width:1.34%; padding:0.75pt; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ec3-ea3-29a-f65-80bb'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; padding-left:5.75pt; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff">(1,576)</td><td style="width:1.32%; vertical-align:bottom; background-color:#cceeff"> </td></tr><tr style="height:12pt"><td style="width:75%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_bec3f20c9cfc4aae9cc484f1d7d1a4bc'">Total Revenue</div></td><td style="width:1.34%; padding:0.75pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_33a7a5bec0df413a903ca83397f53782'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_81c65abf6d6e4e9aae1bde463e5b6d2f'">3,366</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_9a937c2772cd4b43aad7d33aaf6be77e'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_75f0649feaf143c08205a44679649b09'">5,195</div></td><td style="width:1.32%; vertical-align:bottom; background-color:#ffffff"> </td></tr></tbody></table>

3364000

5190000

2000

1581000

-1576000

3366000

5195000

<table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:13pt"><td style="width:49%; vertical-align:bottom"> </td><td style="width:0.92%; padding:0.75pt; vertical-align:bottom"> </td><td colspan="12" style="border-bottom:0.75pt solid #000000; vertical-align:bottom; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'C_ce911c804e844e4fad4a748722bb19f2'">Three Months Ended March 31,</div></td><td style="width:1.54%; vertical-align:bottom"> </td></tr><tr style="height:13pt"><td style="width:49%; vertical-align:bottom"><div style="-aw-sdt-tag:'C_5df525a5a91a4c26bec29e83eb81aed6'">(in thousands)</div></td><td style="width:0.92%; padding:0.75pt; vertical-align:bottom"> </td><td colspan="5" style="border-top:0.75pt solid #000000; vertical-align:bottom; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'C_a12d949d80a1435f9fe20a28485ad4f3'">2026</div></td><td style="width:1.5%; border-top:0.75pt solid #000000; vertical-align:bottom; -aw-border-top:0.5pt single"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; -aw-border-top:0.5pt single"> </td><td colspan="5" style="border-top:0.75pt solid #000000; vertical-align:bottom; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'C_dd665be7313a4f239788a065c9ea66c4'">2025</div></td><td style="width:1.54%; vertical-align:bottom"> </td></tr><tr style="height:13pt"><td style="width:49%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_addd4031ba0b40529d6e182aaf715cb9'">Finland</div></td><td style="width:0.92%; padding:0.75pt; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_559755adac084ff5a2b668813ac72ba2'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_de2a158193fb4a98a7f9f0dba6c8449b'">2,142</div></td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:0.75pt solid #000000; padding-left:5.75pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_68cc9984dd9d4f8f82dd80a28bf5078e'">63</div></td><td style="width:1.5%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_4a59a79aa22b4cb18efba0c737adf577'">%</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_598b53d7c28746b8aeedbcf93222d7e6'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_f9a3f9a17b7b41a4be9acbaa90814eb7'">3,052</div></td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:0.75pt solid #000000; padding-left:5.75pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_fad0ed5b843c461089c35ef3d4c33b6d'">59</div></td><td style="width:1.54%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_bd8603fc7eba4787ac3bc1fdbfae2901'">%</div></td></tr><tr style="height:13pt"><td style="width:49%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_e3b9160e02cb4a84afdb6aeebdc6fa7f'">New Zealand</div></td><td style="width:0.92%; padding:0.75pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_db4b3807050a42b5bdfda335ee6787a1'">729</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-left:5.75pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_bbc8fe13fc3646be897c185f541507a0'">22</div></td><td style="width:1.5%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_fd32b6a744d84be9a5335d2ebd3d6e7c'">%</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_2de1c2404ca94bd587745d426bca6a99'">1,177</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-left:5.75pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_c159bef9eb6d4a0bba6c5468848d9cd3'">23</div></td><td style="width:1.54%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_e2ec4a492947488ca29029d1ec1c8b7f'">%</div></td></tr><tr style="height:13pt"><td style="width:49%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_cb19aa6e48b740b68bc16e836198ce59'">Norway</div></td><td style="width:0.92%; padding:0.75pt; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_81519dbe4da9443892d314ff354fe7bd'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-left:5.75pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_80b06fc78e2f4282b17f0ef3d18d7722'">0</div></td><td style="width:1.5%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_e0308e3840d146c7ac5ebb0518bb4ca3'">%</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_d2913b80819e4c848c7992d26eb388dd'">321</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-left:5.75pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_b94e1daf64554c36820cd139b84d8963'">6</div></td><td style="width:1.54%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_4688b3d9fbb94b3aa53816af353b04b3'">%</div></td></tr><tr style="height:13pt"><td style="width:49%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_fb01192e921c4523996192e21c577b02'">Canada</div></td><td style="width:0.92%; padding:0.75pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_baced11d77fd435bb2a816af0287095c'">463</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-left:5.75pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_25de093f702e4f8f85ef0d9f15403bf4'">14</div></td><td style="width:1.5%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_a790a7be1e1a4fe7aa9c89896e0cf7af'">%</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_6f015c1b2dd244c1ab2e145d248d4144'">511</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-left:5.75pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_0676bf42e82644fe94149ccddff6b760'">10</div></td><td style="width:1.54%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_23767ed8edfe4d6ab664cbf947929bfc'">%</div></td></tr><tr style="height:13pt"><td style="width:49%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_4877e9a3f3ac48f2b81488a31e598fe2'">Rest of world</div></td><td style="width:0.92%; padding:0.75pt; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_4cb6a5203a4d4d01845118c7e75fc533'">30</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; padding-left:5.75pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_b53c441959684a298f4052755655e354'">1</div></td><td style="width:1.5%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_43f509f50e4641988c87dff636aaf49e'">%</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_4e46ef40249a47fab436d39af2fb2045'">129</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; padding-left:5.75pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_09eb9f53163c4871bdadfe59b9c9e069'">2</div></td><td style="width:1.54%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_6a4894ddab2f4c7299be1034547a4358'">%</div></td></tr><tr style="height:13.5pt"><td style="width:49%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_e2e848f15d34409ab68c059544f1c6f5'">Total Revenue</div></td><td style="width:0.92%; padding:0.75pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_09062125eb5e45438c015db73fa73d71'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_39700db9fd1f4265b3c418331a73308c'">3,364</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding-left:5.75pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_a9f4cd88de4d44979b571a71b7114e68'">100</div></td><td style="width:1.5%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_029e8ea9e16f4c6f8d4229085a7d5630'">%</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_532cd9d0248a43419150bfe6b714fe77'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_54b4c91a357948c999d7eae292200803'">5,190</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding-left:5.75pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_2265a0502285424b9eba7db6b8ffcdbb'">100</div></td><td style="width:1.54%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_a1fbfe89fb2a49e2949306850bdae95e'">%</div></td></tr></tbody></table>

2142000

0.63

3052000

0.59

729000

0.22

1177000

0.23

321000

0.06

463000

0.14

511000

0.10

30000

0.01

129000

0.02

3364000

5190000

Note 4 — Cash and cash equivalents The following table reconciles cash and cash equivalents, and restricted cash in the condensed consolidated balance sheets to the totals shown on the unaudited condensed consolidated statements of cash flows as of March 31, 2026 and December 31, 2025: <div style="-aw-sdt-tag:'06f-a82-aa2-c1b-2efc'; -aw-sdt-title:'Cash and Cash Equivalents T1'"><table cellpadding="0" cellspacing="0" style="width:99.86%; border-collapse:collapse"><tbody><tr style="height:12.25pt"><td style="width:71%; vertical-align:bottom"> </td><td style="width:1%; padding:0.75pt; vertical-align:top"> </td><td colspan="2" style="vertical-align:bottom"><div style="-aw-sdt-tag:'C_3d30a58ab14144debbe1685e2c083e9c'">March 31,</div></td><td style="width:1%; vertical-align:bottom"> </td><td colspan="2" style="vertical-align:bottom"><div style="-aw-sdt-tag:'C_9df68cee18714e2eb29c28538ac5ff2b'">December 31,</div></td><td style="width:1%; padding:0.75pt; vertical-align:top"> </td></tr><tr style="height:12.25pt"><td style="width:71%; border-bottom:0.75pt solid #000000; vertical-align:middle"><div style="-aw-sdt-tag:'C_b52986ccd0f64989b01da327c8376b97'">(in thousands)</div></td><td style="width:1%; padding:0.75pt; vertical-align:top"> </td><td colspan="2" style="border-bottom:0.75pt solid #000000; padding-right:5.75pt; padding-left:5.75pt; vertical-align:middle"><div style="-aw-sdt-tag:'C_7731b1309c294da1a228976cd29a61ff'">2026</div></td><td style="width:1%; vertical-align:middle"> </td><td colspan="2" style="border-bottom:0.75pt solid #000000; vertical-align:middle"><div style="-aw-sdt-tag:'C_10b6bf47bef448afab2dd28ea1b5dd09'">2025</div></td><td style="width:1%; padding:0.75pt; vertical-align:top"> </td></tr><tr style="height:12.25pt"><td style="width:71%; border-top:0.75pt solid #000000; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_9fa366815516427ba3fdcb6a053f3eff'">Cash and cash equivalents</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_7609bffdcb2c4b00b9113efa786bb816'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_25f4391470fd4fd69769c707579d379f'">22,451</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_bf5ed9caa5cd4cf8b3dd8817411de6e5'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_53a315ec04cb44749ef18aef3bf9d14d'">2,076</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:71%; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_c4ccd649c6a640019b6d44c201e0d2db'">Restricted cash</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:12%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_d9a4cb72a8e64c0688f8a103b4dc8876'">626</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:12%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_bca7de851a6448cc99995479513ed194'">589</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:12.25pt"><td style="width:71%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_d8923159336d4315994d7aa570c8bebc'">Total cash and cash equivalents, and restricted cash</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_de8e685774154f7d928837ff430b675d'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_46d0338e92924959876b53a9a5bc059b'">23,077</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_2a14e155d0584ead95318a010cbfb844'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_e93f2594e4474b78a535677456b99d4d'">2,665</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr></tbody></table></div> The following table presents cash and cash equivalents, and restricted cash held in accounts in each country (translated into USD) as of March 31, 2026 and December 31, 2025: <div style="-aw-sdt-tag:'228-b8a-638-2de-b569'; -aw-sdt-title:'Cash and Cash Equivalents T2'"><table cellpadding="0" cellspacing="0" style="width:99.86%; border-collapse:collapse"><tbody><tr style="height:12.25pt"><td style="width:71.2%; vertical-align:middle"> </td><td style="width:0.9%; padding:0.75pt; vertical-align:top"> </td><td colspan="2" style="vertical-align:bottom"><div style="-aw-sdt-tag:'C_dbe2f1481c2a421eb418fa605617105f'">March 31,</div></td><td style="width:0.88%; vertical-align:bottom"> </td><td colspan="2" style="vertical-align:bottom"><div style="-aw-sdt-tag:'C_bf173438d24749b5b7c578d82981f6a2'">December 31,</div></td><td style="width:0.98%; padding:0.75pt; vertical-align:top"> </td></tr><tr style="height:12.25pt"><td style="width:71.2%; border-bottom:0.75pt solid #000000; vertical-align:middle"><div style="-aw-sdt-tag:'C_1e7153116e444d2dacade35d50e86156'">(in thousands)</div></td><td style="width:0.9%; padding:0.75pt; vertical-align:top"> </td><td colspan="2" style="border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_9cdbace5b6c54a6b851495e3b399cbb0'">2026</div></td><td style="width:0.88%; vertical-align:bottom"> </td><td colspan="2" style="border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_9bdbb5d718a745fc8ee01f64d7b76c72'">2025</div></td><td style="width:0.98%; padding:0.75pt; vertical-align:top"> </td></tr><tr style="height:12.25pt"><td style="width:71.2%; border-top:0.75pt solid #000000; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_3ca87c950780427a84a00dd92176b485'">Cash and cash equivalents:</div></td><td style="width:0.9%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:12%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:0.88%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:12%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:0.98%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:71.2%; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_1eea9bb103b54d3bbfad42002d9741a0'">United States</div></td><td style="width:0.9%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_8fa1c36aee9c4a588b711f07b5b608ab'">$</div></td><td style="width:12%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_6abe584c72b64026b30a0dea78b9e174'">20,012</div></td><td style="width:0.88%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_bf8f1a3015794058900b65caf3776567'">$</div></td><td style="width:12%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_d5a0b7291f864aeab14633b7d2113bbf'">31</div></td><td style="width:0.98%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:12.25pt"><td style="width:71.2%; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_defe24ed3c5f458d9afd54830209a798'">Malta</div></td><td style="width:0.9%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:12%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_42f1adad2f3d4dfcbf36e86aa615c4df'">1,818</div></td><td style="width:0.88%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:12%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_148a5bc4b98a4dc08bb64153e374b8b2'">1,118</div></td><td style="width:0.98%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:71.2%; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_141c969f67494e64a8c857c669f04597'">Finland</div></td><td style="width:0.9%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:12%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_7e38ce655c504a65a067be5f2085d851'">157</div></td><td style="width:0.88%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:12%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_12207b78a70642aaa000ab58eb04dd87'">182</div></td><td style="width:0.98%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:12.25pt"><td style="width:71.2%; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_351b7bd6e11f4d849b1b8c1ddb9712bd'">Switzerland</div></td><td style="width:0.9%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:12%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_99c9412be666494bab8d7fde962a5d39'">131</div></td><td style="width:0.88%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:12%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_9cc29f85667c4196b4a74c780ba12d61'">91</div></td><td style="width:0.98%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:71.2%; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_a15713a9e5ed4e08a918502eb13c8423'">Lithuania</div></td><td style="width:0.9%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:12%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_fb4b51a5d67d42a59768a7286537b6ec'">60</div></td><td style="width:0.88%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:12%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_28b463c7cb3c4f68806ba88b1ebe5196'">221</div></td><td style="width:0.98%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:12.25pt"><td style="width:71.2%; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_1020f9b0bfbb4bf4b7c589dafeaa023b'">United Kingdom</div></td><td style="width:0.9%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:12%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_ed1715d57ed54677bc070a98a0ee9f07'">52</div></td><td style="width:0.88%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:12%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_24875ec214424b7992b4ce8af827b8d7'">89</div></td><td style="width:0.98%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:71.2%; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_a6c079dd67ce47308a4401bc1f4c3f28'">Other</div></td><td style="width:0.9%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:12%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_691ce85f0f704ef1ad1545cc8b4e8027'">220</div></td><td style="width:0.88%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:12%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_8578ff25c0ff41eb93c59e44aac3be25'">344</div></td><td style="width:0.98%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:12.25pt"><td style="width:71.2%; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_c07c4600c104405f8f8e38b317275aec'">Restricted cash</div></td><td style="width:0.9%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:12%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:0.88%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:12%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:0.98%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:71.2%; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_f1439037977d4302bcf3f99a61542bdb'">United Kingdom</div></td><td style="width:0.9%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:12%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_d0cd260ba28943eba575189fdfb3b19f'">260</div></td><td style="width:0.88%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:12%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_f69b3161a90e40f29d2ed89c1076f591'">255</div></td><td style="width:0.98%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:12.25pt"><td style="width:71.2%; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_aec7b6ed637545a39c3d146ea5fcf416'">Denmark</div></td><td style="width:0.9%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:12%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_2a2ec28587c14a8e8c622350573cb343'">176</div></td><td style="width:0.88%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:12%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_96e880b97eee44c894d58f9ac47d57c3'">159</div></td><td style="width:0.98%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:71.2%; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_c0570612ad9642bab7b029d96191f77e'">Malta</div></td><td style="width:0.9%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:12%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_3a0b39f722a541dba9d832e866030959'">186</div></td><td style="width:0.88%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:12%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_cfc9518ab0f9437a901ed6ac1a4c5fe0'">175</div></td><td style="width:0.98%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:12.25pt"><td style="width:71.2%; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_11d44e1a8a754821997834fa0f777d28'">Other</div></td><td style="width:0.9%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:12%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_9fda0958200748cdadc7ac9021841309'">5</div></td><td style="width:0.88%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:12%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_78eee78f44fd4c0bbcd2e1052448b2dd'">—</div></td><td style="width:0.98%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:71.2%; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_d321b25154724336903475114a7ec31b'">Total cash and cash equivalents, and restricted cash</div></td><td style="width:0.9%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_c518400084c54e05bb7fc7f2b427c383'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_f2e0ee12754e409988242d45edb19958'">23,077</div></td><td style="width:0.88%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_0356449b5a9a44cda3a4d84188f7dafa'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_22ab418095b04becba6567948d884abe'">2,665</div></td><td style="width:0.98%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr></tbody></table></div>

<table cellpadding="0" cellspacing="0" style="width:99.86%; border-collapse:collapse"><tbody><tr style="height:12.25pt"><td style="width:71%; vertical-align:bottom"> </td><td style="width:1%; padding:0.75pt; vertical-align:top"> </td><td colspan="2" style="vertical-align:bottom"><div style="-aw-sdt-tag:'C_3d30a58ab14144debbe1685e2c083e9c'">March 31,</div></td><td style="width:1%; vertical-align:bottom"> </td><td colspan="2" style="vertical-align:bottom"><div style="-aw-sdt-tag:'C_9df68cee18714e2eb29c28538ac5ff2b'">December 31,</div></td><td style="width:1%; padding:0.75pt; vertical-align:top"> </td></tr><tr style="height:12.25pt"><td style="width:71%; border-bottom:0.75pt solid #000000; vertical-align:middle"><div style="-aw-sdt-tag:'C_b52986ccd0f64989b01da327c8376b97'">(in thousands)</div></td><td style="width:1%; padding:0.75pt; vertical-align:top"> </td><td colspan="2" style="border-bottom:0.75pt solid #000000; padding-right:5.75pt; padding-left:5.75pt; vertical-align:middle"><div style="-aw-sdt-tag:'C_7731b1309c294da1a228976cd29a61ff'">2026</div></td><td style="width:1%; vertical-align:middle"> </td><td colspan="2" style="border-bottom:0.75pt solid #000000; vertical-align:middle"><div style="-aw-sdt-tag:'C_10b6bf47bef448afab2dd28ea1b5dd09'">2025</div></td><td style="width:1%; padding:0.75pt; vertical-align:top"> </td></tr><tr style="height:12.25pt"><td style="width:71%; border-top:0.75pt solid #000000; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_9fa366815516427ba3fdcb6a053f3eff'">Cash and cash equivalents</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_7609bffdcb2c4b00b9113efa786bb816'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_25f4391470fd4fd69769c707579d379f'">22,451</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_bf5ed9caa5cd4cf8b3dd8817411de6e5'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_53a315ec04cb44749ef18aef3bf9d14d'">2,076</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:71%; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_c4ccd649c6a640019b6d44c201e0d2db'">Restricted cash</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:12%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_d9a4cb72a8e64c0688f8a103b4dc8876'">626</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:12%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_bca7de851a6448cc99995479513ed194'">589</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:12.25pt"><td style="width:71%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_d8923159336d4315994d7aa570c8bebc'">Total cash and cash equivalents, and restricted cash</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_de8e685774154f7d928837ff430b675d'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_46d0338e92924959876b53a9a5bc059b'">23,077</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_2a14e155d0584ead95318a010cbfb844'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_e93f2594e4474b78a535677456b99d4d'">2,665</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr></tbody></table>

22451000

2076000

626000

589000

23077000

2665000

<table cellpadding="0" cellspacing="0" style="width:99.86%; border-collapse:collapse"><tbody><tr style="height:12.25pt"><td style="width:71.2%; vertical-align:middle"> </td><td style="width:0.9%; padding:0.75pt; vertical-align:top"> </td><td colspan="2" style="vertical-align:bottom"><div style="-aw-sdt-tag:'C_dbe2f1481c2a421eb418fa605617105f'">March 31,</div></td><td style="width:0.88%; vertical-align:bottom"> </td><td colspan="2" style="vertical-align:bottom"><div style="-aw-sdt-tag:'C_bf173438d24749b5b7c578d82981f6a2'">December 31,</div></td><td style="width:0.98%; padding:0.75pt; vertical-align:top"> </td></tr><tr style="height:12.25pt"><td style="width:71.2%; border-bottom:0.75pt solid #000000; vertical-align:middle"><div style="-aw-sdt-tag:'C_1e7153116e444d2dacade35d50e86156'">(in thousands)</div></td><td style="width:0.9%; padding:0.75pt; vertical-align:top"> </td><td colspan="2" style="border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_9cdbace5b6c54a6b851495e3b399cbb0'">2026</div></td><td style="width:0.88%; vertical-align:bottom"> </td><td colspan="2" style="border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_9bdbb5d718a745fc8ee01f64d7b76c72'">2025</div></td><td style="width:0.98%; padding:0.75pt; vertical-align:top"> </td></tr><tr style="height:12.25pt"><td style="width:71.2%; border-top:0.75pt solid #000000; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_3ca87c950780427a84a00dd92176b485'">Cash and cash equivalents:</div></td><td style="width:0.9%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:12%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:0.88%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:12%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:0.98%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:71.2%; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_1eea9bb103b54d3bbfad42002d9741a0'">United States</div></td><td style="width:0.9%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_8fa1c36aee9c4a588b711f07b5b608ab'">$</div></td><td style="width:12%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_6abe584c72b64026b30a0dea78b9e174'">20,012</div></td><td style="width:0.88%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_bf8f1a3015794058900b65caf3776567'">$</div></td><td style="width:12%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_d5a0b7291f864aeab14633b7d2113bbf'">31</div></td><td style="width:0.98%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:12.25pt"><td style="width:71.2%; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_defe24ed3c5f458d9afd54830209a798'">Malta</div></td><td style="width:0.9%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:12%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_42f1adad2f3d4dfcbf36e86aa615c4df'">1,818</div></td><td style="width:0.88%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:12%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_148a5bc4b98a4dc08bb64153e374b8b2'">1,118</div></td><td style="width:0.98%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:71.2%; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_141c969f67494e64a8c857c669f04597'">Finland</div></td><td style="width:0.9%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:12%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_7e38ce655c504a65a067be5f2085d851'">157</div></td><td style="width:0.88%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:12%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_12207b78a70642aaa000ab58eb04dd87'">182</div></td><td style="width:0.98%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:12.25pt"><td style="width:71.2%; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_351b7bd6e11f4d849b1b8c1ddb9712bd'">Switzerland</div></td><td style="width:0.9%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:12%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_99c9412be666494bab8d7fde962a5d39'">131</div></td><td style="width:0.88%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:12%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_9cc29f85667c4196b4a74c780ba12d61'">91</div></td><td style="width:0.98%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:71.2%; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_a15713a9e5ed4e08a918502eb13c8423'">Lithuania</div></td><td style="width:0.9%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:12%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_fb4b51a5d67d42a59768a7286537b6ec'">60</div></td><td style="width:0.88%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:12%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_28b463c7cb3c4f68806ba88b1ebe5196'">221</div></td><td style="width:0.98%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:12.25pt"><td style="width:71.2%; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_1020f9b0bfbb4bf4b7c589dafeaa023b'">United Kingdom</div></td><td style="width:0.9%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:12%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_ed1715d57ed54677bc070a98a0ee9f07'">52</div></td><td style="width:0.88%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:12%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_24875ec214424b7992b4ce8af827b8d7'">89</div></td><td style="width:0.98%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:71.2%; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_a6c079dd67ce47308a4401bc1f4c3f28'">Other</div></td><td style="width:0.9%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:12%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_691ce85f0f704ef1ad1545cc8b4e8027'">220</div></td><td style="width:0.88%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:12%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_8578ff25c0ff41eb93c59e44aac3be25'">344</div></td><td style="width:0.98%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:12.25pt"><td style="width:71.2%; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_c07c4600c104405f8f8e38b317275aec'">Restricted cash</div></td><td style="width:0.9%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:12%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:0.88%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:12%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:0.98%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:71.2%; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_f1439037977d4302bcf3f99a61542bdb'">United Kingdom</div></td><td style="width:0.9%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:12%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_d0cd260ba28943eba575189fdfb3b19f'">260</div></td><td style="width:0.88%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:12%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_f69b3161a90e40f29d2ed89c1076f591'">255</div></td><td style="width:0.98%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:12.25pt"><td style="width:71.2%; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_aec7b6ed637545a39c3d146ea5fcf416'">Denmark</div></td><td style="width:0.9%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:12%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_2a2ec28587c14a8e8c622350573cb343'">176</div></td><td style="width:0.88%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:12%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_96e880b97eee44c894d58f9ac47d57c3'">159</div></td><td style="width:0.98%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:71.2%; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_c0570612ad9642bab7b029d96191f77e'">Malta</div></td><td style="width:0.9%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:12%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_3a0b39f722a541dba9d832e866030959'">186</div></td><td style="width:0.88%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:12%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_cfc9518ab0f9437a901ed6ac1a4c5fe0'">175</div></td><td style="width:0.98%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:12.25pt"><td style="width:71.2%; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_11d44e1a8a754821997834fa0f777d28'">Other</div></td><td style="width:0.9%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:12%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_9fda0958200748cdadc7ac9021841309'">5</div></td><td style="width:0.88%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:12%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_78eee78f44fd4c0bbcd2e1052448b2dd'">—</div></td><td style="width:0.98%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:71.2%; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_d321b25154724336903475114a7ec31b'">Total cash and cash equivalents, and restricted cash</div></td><td style="width:0.9%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_c518400084c54e05bb7fc7f2b427c383'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_f2e0ee12754e409988242d45edb19958'">23,077</div></td><td style="width:0.88%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_0356449b5a9a44cda3a4d84188f7dafa'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_22ab418095b04becba6567948d884abe'">2,665</div></td><td style="width:0.98%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr></tbody></table>

20012000

31000

1818000

1118000

157000

182000

131000

91000

60000

221000

52000

89000

220000

344000

260000

255000

176000

159000

186000

175000

5000

23077000

2665000

<table cellpadding="0" cellspacing="0" style="width:100.02%"><tbody><tr><td style="width:71%; vertical-align:bottom"> </td><td style="width:0.74%; vertical-align:top"> </td><td colspan="2" style="vertical-align:bottom"><div style="-aw-sdt-tag:'6f1-089-407-bc1-c367'">March 31,</div></td><td style="width:0.84%; vertical-align:bottom"> </td><td colspan="2" style="vertical-align:bottom"><div style="-aw-sdt-tag:'81d-f25-38d-d51-302f'">December 31,</div></td><td style="width:0.84%; vertical-align:top"> </td></tr><tr><td style="width:71%; vertical-align:bottom"><div style="-aw-sdt-tag:'8e7-3de-32b-180-43d7'">(in thousands)</div></td><td style="width:0.74%; vertical-align:top"> </td><td colspan="2" style="border-bottom:0.75pt solid #000000; vertical-align:bottom; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'fea-fc8-9e0-8db-b27c'">2026</div></td><td style="width:0.84%; vertical-align:bottom"> </td><td colspan="2" style="border-bottom:0.75pt solid #000000; vertical-align:bottom; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'311-e3e-d67-c6c-427a'">2025</div></td><td style="width:0.84%; vertical-align:top"> </td></tr><tr><td style="width:71%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'C_21e8f8f7468644eb9cc8de781240ed66'">Payment provider receivables</div></td><td style="width:0.74%; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_8fa9f0f95217472e89a826a642660fed'">$</div></td><td style="width:12%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_7164bb197b9249d0990977fab343421f'">129</div></td><td style="width:0.84%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_8c3e8dfa06794e8bbe1185cf2b9139af'">$</div></td><td style="width:12%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_6451c1c5c69d4fd194c624036fb39ad3'">46</div></td><td style="width:0.84%; vertical-align:top; background-color:#cceeff"> </td></tr><tr><td style="width:71%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_5e0adbf31c0b47e8bcca1ae7dc3b3680'">VAT recoverable</div></td><td style="width:0.74%; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:12%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_a9b80698022244f19b0de463ff7dcd3a'">111</div></td><td style="width:0.84%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:12%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_ca5ea76e36c04806a5805d1c9cfe01f0'">116</div></td><td style="width:0.84%; vertical-align:top; background-color:#ffffff"> </td></tr><tr><td style="width:71%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_601d6a12b3dc49cba60f25e9c91e1f59'">Prepaid insurance</div></td><td style="width:0.74%; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:12%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_10ad934488354f33ab024122e42567d4'">103</div></td><td style="width:0.84%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:12%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_526afe011f884cddb26664d88b453352'">206</div></td><td style="width:0.84%; vertical-align:top; background-color:#cceeff"> </td></tr><tr><td style="width:71%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_016b08cc2f15467785f203072ae87238'">Other prepaids</div></td><td style="width:0.74%; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:12%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_e7873df64cea4ad78339727388e845e0'">829</div></td><td style="width:0.84%; padding-bottom:0.75pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:12%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_ea7eaac63e1a4f2580e624280b71a251'">411</div></td><td style="width:0.84%; vertical-align:top; background-color:#ffffff"> </td></tr><tr><td style="width:71%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_7b506a5b4a724fb5bde117f3d4c46486'">Total prepaid and other current assets</div></td><td style="width:0.74%; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_bc50e704393742b7834e269f0009f93b'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_ca58ee2b41c54881af185d89dfcfffe2'">1,172</div></td><td style="width:0.84%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_cd977a196069497ebd7faa3b5986dac2'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'460-744-2c2-d23-b4f3'">779</div></td><td style="width:0.84%; vertical-align:top; background-color:#cceeff"> </td></tr></tbody></table>

129000 46000

111000

116000

103000

206000

829000

411000

1172000

779000

Note 6 — Intangible assets, Net Intangible assets, net at March 31, 2026 and December 31, 2025, are summarized as follows: <div style="-aw-sdt-tag:'694-be9-371-71f-a6c2'"><div style="-aw-sdt-tag:'6df-6d1-49e-12f-6e5c'; -aw-sdt-title:'Intangible Assets, Net T1'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:12.25pt"><td style="width:40%; vertical-align:bottom"> </td><td style="width:1%; padding:0.75pt; vertical-align:top"> </td><td colspan="13" style="border-bottom:0.75pt solid #000000; padding-left:5.75pt; vertical-align:bottom"><div style="-aw-sdt-tag:'C_15cea9514f4f46b1825ef9811871c7eb'">March 31, 2026</div></td><td style="width:1%; padding:0.75pt; vertical-align:top"> </td></tr><tr style="height:12.25pt"><td style="width:40%; border-bottom:0.75pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; padding:0.75pt; vertical-align:top"> </td><td style="width:10%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_af4f6ce3063f48e1a47e35ff90957485'">Weighted Average Amortization Period (years)</div></td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_af6c0f9782134210ba32c28ece563a3d'">Gross Carrying Amount</div></td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_f8181759efc24c96835bc4615bbbbe2d'">Accumulated Amortization</div></td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_0453c52c5b344f4c87c26551e210b82f'">Accumulated Impairment Amount</div></td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_f11098b5e0f74cc19c9eb8ae7d64c396'">Net Carrying Amount</div></td><td style="width:1%; padding:0.75pt; vertical-align:top"> </td></tr><tr style="height:12.25pt"><td style="width:40%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_ab361c024f844fbbb03cb08b42a6c632'">Domain name</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_53faedf277fe4e919315b3d79ce0b232'">Indefinite</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_ee226e0595804f48be192756cb780fa6'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_9be9af8a87ed463e8b403e7dc01babe1'">5,458</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_9fd2290d23a448b5aae5d4bf25f6dc24'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_b2a9b3a61d9e4329b7a724dc6e750fad'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_5666e227a4484a99b3236f8c65ba129a'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_dc22f681802b426680117236dde5cde2'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_4f168e86b5ed46b2955ad95ba2f1aacd'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_3469dc515774434d9f97a8178cd14d53'">5,458</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:40%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_7b8aff10d6424900b883a790c96334da'">Capitalized license</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_97e9b078c0b943a59232137caea02a7d'">Indefinite</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_f142defd25364d09aa702d3b5319f16b'">4,744</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_41ca0f66868e4d17af90022a0a51fee4'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_cc752133fb9441f190686e516fd684e1'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_b3b797c318e4441ab66b45b6892097cd'">4,744</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:12.25pt"><td style="width:40%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_c7ceb229d6f94a3db6cd2c549d8cc3a1'">Capitalized software</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_034d0089ead7402a92b0622ed82b748a'">5</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_385f616cdbf44eb8aa4c26514bd1c904'">1,192</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff">(679)</td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_5719d72fdd1b45aa831400cfc3a18967'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_71ac00b7fee74493ae6b4c37d25b665d'">513</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:40%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_9ef1a30f301645b09d855a02a4da4e5b'">Trademarks</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_bb95b71733c44a09a7fa0d0969338ae9'">Indefinite</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_461a058e6f4a4413bd07d5da31db339d'">2</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_14d8f846d3c642f7b14a3a4a6d1762a4'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_ca964e74b00b428da930941c98bf1654'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_4d112878b055454ca1fcf3084e8573b7'">2</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:12.25pt"><td style="width:40%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_f876988833d94a4a8a81f41563054c93'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_96d4118f08174970b4247e5e413d5532'">11,396</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_9615432c5ec148fc99e6d20248839b39'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff">(679)</td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_cce093db35184e4fa3c91435ee62feef'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_b787504039da48e6bbc9281f8c6dc83d'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_1a1749da129142c9be2260e3deea9f8c'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_1848cdb54df14dc9b982fcd86d4e4f89'">10,717</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr></tbody></table></div> <div style="-aw-sdt-tag:'9ff-7bd-a40-6d9-f9ff'"></div></div><div style="-aw-sdt-tag:'694-be9-371-71f-a6c2'"><div style="-aw-sdt-tag:'9ff-7bd-a40-6d9-f9ff'"></div><div style="-aw-sdt-tag:'235-fcf-c9a-844-9a98'; -aw-sdt-title:'Intangible Assets, Net T2'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:12.25pt"><td style="width:40%; vertical-align:bottom"><div style="-aw-sdt-tag:'003-05e-f90-a26-a87d'"> </div></td><td style="width:1%; padding:0.75pt; vertical-align:top"> </td><td colspan="13" style="border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_98dce73eb6984df2b4819b7cfe419f9c'">December 31, 2025</div></td><td style="width:1%; padding:0.75pt; vertical-align:top"> </td></tr><tr style="height:12.25pt"><td style="width:40%; border-bottom:0.75pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; padding:0.75pt; vertical-align:top"> </td><td style="width:10%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_2a74545e7b1941d6b2b28cc433bd647c'">Weighted Average Amortization Period (years)</div></td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_bea492100698417b8b678f21c9898e60'">Gross Carrying Amount</div></td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_111a9399e3bd4cd6b8bbeac4deb7cadb'">Accumulated Amortization</div></td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_ddccec1fa7d34065b4261bbcf9c59d38'">Accumulated Impairment Amount</div></td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_87ae8d3be9554c1fa9f994a64d3cfb7c'">Net Carrying Amount</div></td><td style="width:1%; padding:0.75pt; vertical-align:top"> </td></tr><tr style="height:12.25pt"><td style="width:40%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_bec4ca196e3d4fc2b33a576081597cc1'">Domain name</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_8928e000147c4f15ad01c3038d65638a'">Indefinite</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_9048658726b64e32a3c68c1155d3845e'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_6c12c893c1c7446f9c07d4f4128cc476'">5,549</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_9699cc1efb33464daf41443241bf6f41'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_a8dabec483b8460393244f8d392ac470'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_ed7cf1267b0049349b9fee4929d0eb49'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_95c7a83c8f1f459e9df3d550f4dc223f'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_4417744788cf4e13b15af3364967067d'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_609769ff506144df9d73d53fdae3c03b'">5,549</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:40%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'c06-608-3b2-8cc-448b'">Capitalized license</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_c7ff9f7c3ac8445fbe9092956c5d120a'">Indefinite</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'239-9e5-379-2fb-c48e'">4,412</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_f093f23b20924e399c0b779064e9e5e6'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_d544112c4dc54c0bac5432dd85fdc3d2'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'d98-c6b-381-cb0-09e2'">4,412</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:12.25pt"><td style="width:40%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_059d70192d7349c989ce9ad3b59519bf'">Capitalized software</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'1a2-cdd-3a7-15f-d1e3'">5</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_452a63db31b1430eb29f76ab86bd46d6'">1,187</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff">(643)</td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'200-3e1-05b-af1-c1a8'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_33dac5e2ea7d4c89b60c808696ba08c8'">544</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:40%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_df56b67897eb4d6789d07370f4f4cef5'">Trademarks</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_6383d471c5504236b18c5cc232b05e6f'">Indefinite</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_78b154cb21dc403fb7e2721bf4da9539'">2</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_a8dabec483b8460393244f8d392ac470'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_aa7070ddccaf4540af05e85994c740e4'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_b79ecf15cb004131bdfdc840878c30ee'">2</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:12.25pt"><td style="width:40%; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'22e-bfe-fcb-2b3-01c9'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_c6a4f012f0334eaf97fc52efbb16d78c'"> 11,150</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_8da70af4bf79480ea048576783255fb0'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff">(643)</td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_efcde195de5448eb93faacbfb21258e2'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_bc3d89a4f5c54011a53eaa00d32aeea5'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_662d95fe41dc435c88e86165e55a22ba'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'58a-af3-596-ddd-e456'"> 10,507</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr></tbody></table></div></div> Trademarks and domain names have no amortization as the Company recognizes these identified intangibles assets as having an indefinite useful life. The Company considered various economic and competitive factors, including but not limited to, the life of trademarks that have been in existence with trademarks generally in the casino industry. The Company expects to generate cash flows from these intangible assets for an indefinite period of time. The Company’s trademarks and domain names are located in Europe and the US. There was no impairment during the three months ended March 31, 2026 and 2025. For the three months ended March 31, 2026 and 2025, the Company capitalized costs of $0.02 million and $0 incurred with respect to internal-use software, respectively. The Company recorded $0.03 million and $0.06 million in amortization expense on internal-use software for the three months ended March 31, 2026 and 2025, respectively, which is included in general and administrative expenses in the condensed consolidated statements of operations. The Company’s internal use software is in use in Europe.

<div style="-aw-sdt-tag:'6df-6d1-49e-12f-6e5c'; -aw-sdt-title:'Intangible Assets, Net T1'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:12.25pt"><td style="width:40%; vertical-align:bottom"> </td><td style="width:1%; padding:0.75pt; vertical-align:top"> </td><td colspan="13" style="border-bottom:0.75pt solid #000000; padding-left:5.75pt; vertical-align:bottom"><div style="-aw-sdt-tag:'C_15cea9514f4f46b1825ef9811871c7eb'">March 31, 2026</div></td><td style="width:1%; padding:0.75pt; vertical-align:top"> </td></tr><tr style="height:12.25pt"><td style="width:40%; border-bottom:0.75pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; padding:0.75pt; vertical-align:top"> </td><td style="width:10%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_af4f6ce3063f48e1a47e35ff90957485'">Weighted Average Amortization Period (years)</div></td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_af6c0f9782134210ba32c28ece563a3d'">Gross Carrying Amount</div></td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_f8181759efc24c96835bc4615bbbbe2d'">Accumulated Amortization</div></td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_0453c52c5b344f4c87c26551e210b82f'">Accumulated Impairment Amount</div></td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_f11098b5e0f74cc19c9eb8ae7d64c396'">Net Carrying Amount</div></td><td style="width:1%; padding:0.75pt; vertical-align:top"> </td></tr><tr style="height:12.25pt"><td style="width:40%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_ab361c024f844fbbb03cb08b42a6c632'">Domain name</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_53faedf277fe4e919315b3d79ce0b232'">Indefinite</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_ee226e0595804f48be192756cb780fa6'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_9be9af8a87ed463e8b403e7dc01babe1'">5,458</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_9fd2290d23a448b5aae5d4bf25f6dc24'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_b2a9b3a61d9e4329b7a724dc6e750fad'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_5666e227a4484a99b3236f8c65ba129a'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_dc22f681802b426680117236dde5cde2'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_4f168e86b5ed46b2955ad95ba2f1aacd'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_3469dc515774434d9f97a8178cd14d53'">5,458</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:40%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_7b8aff10d6424900b883a790c96334da'">Capitalized license</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_97e9b078c0b943a59232137caea02a7d'">Indefinite</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_f142defd25364d09aa702d3b5319f16b'">4,744</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_41ca0f66868e4d17af90022a0a51fee4'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_cc752133fb9441f190686e516fd684e1'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_b3b797c318e4441ab66b45b6892097cd'">4,744</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:12.25pt"><td style="width:40%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_c7ceb229d6f94a3db6cd2c549d8cc3a1'">Capitalized software</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_034d0089ead7402a92b0622ed82b748a'">5</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_385f616cdbf44eb8aa4c26514bd1c904'">1,192</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff">(679)</td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_5719d72fdd1b45aa831400cfc3a18967'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_71ac00b7fee74493ae6b4c37d25b665d'">513</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:40%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_9ef1a30f301645b09d855a02a4da4e5b'">Trademarks</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_bb95b71733c44a09a7fa0d0969338ae9'">Indefinite</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_461a058e6f4a4413bd07d5da31db339d'">2</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_14d8f846d3c642f7b14a3a4a6d1762a4'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_ca964e74b00b428da930941c98bf1654'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_4d112878b055454ca1fcf3084e8573b7'">2</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:12.25pt"><td style="width:40%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_f876988833d94a4a8a81f41563054c93'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_96d4118f08174970b4247e5e413d5532'">11,396</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_9615432c5ec148fc99e6d20248839b39'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff">(679)</td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_cce093db35184e4fa3c91435ee62feef'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_b787504039da48e6bbc9281f8c6dc83d'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_1a1749da129142c9be2260e3deea9f8c'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_1848cdb54df14dc9b982fcd86d4e4f89'">10,717</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr></tbody></table></div> <div style="-aw-sdt-tag:'9ff-7bd-a40-6d9-f9ff'"></div><div style="-aw-sdt-tag:'9ff-7bd-a40-6d9-f9ff'"></div><div style="-aw-sdt-tag:'235-fcf-c9a-844-9a98'; -aw-sdt-title:'Intangible Assets, Net T2'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:12.25pt"><td style="width:40%; vertical-align:bottom"><div style="-aw-sdt-tag:'003-05e-f90-a26-a87d'"> </div></td><td style="width:1%; padding:0.75pt; vertical-align:top"> </td><td colspan="13" style="border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_98dce73eb6984df2b4819b7cfe419f9c'">December 31, 2025</div></td><td style="width:1%; padding:0.75pt; vertical-align:top"> </td></tr><tr style="height:12.25pt"><td style="width:40%; border-bottom:0.75pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; padding:0.75pt; vertical-align:top"> </td><td style="width:10%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_2a74545e7b1941d6b2b28cc433bd647c'">Weighted Average Amortization Period (years)</div></td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_bea492100698417b8b678f21c9898e60'">Gross Carrying Amount</div></td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_111a9399e3bd4cd6b8bbeac4deb7cadb'">Accumulated Amortization</div></td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_ddccec1fa7d34065b4261bbcf9c59d38'">Accumulated Impairment Amount</div></td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_87ae8d3be9554c1fa9f994a64d3cfb7c'">Net Carrying Amount</div></td><td style="width:1%; padding:0.75pt; vertical-align:top"> </td></tr><tr style="height:12.25pt"><td style="width:40%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_bec4ca196e3d4fc2b33a576081597cc1'">Domain name</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_8928e000147c4f15ad01c3038d65638a'">Indefinite</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_9048658726b64e32a3c68c1155d3845e'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_6c12c893c1c7446f9c07d4f4128cc476'">5,549</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_9699cc1efb33464daf41443241bf6f41'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_a8dabec483b8460393244f8d392ac470'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_ed7cf1267b0049349b9fee4929d0eb49'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_95c7a83c8f1f459e9df3d550f4dc223f'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_4417744788cf4e13b15af3364967067d'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_609769ff506144df9d73d53fdae3c03b'">5,549</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:40%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'c06-608-3b2-8cc-448b'">Capitalized license</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_c7ff9f7c3ac8445fbe9092956c5d120a'">Indefinite</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'239-9e5-379-2fb-c48e'">4,412</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_f093f23b20924e399c0b779064e9e5e6'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_d544112c4dc54c0bac5432dd85fdc3d2'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'d98-c6b-381-cb0-09e2'">4,412</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:12.25pt"><td style="width:40%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_059d70192d7349c989ce9ad3b59519bf'">Capitalized software</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'1a2-cdd-3a7-15f-d1e3'">5</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_452a63db31b1430eb29f76ab86bd46d6'">1,187</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff">(643)</td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'200-3e1-05b-af1-c1a8'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_33dac5e2ea7d4c89b60c808696ba08c8'">544</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:40%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_df56b67897eb4d6789d07370f4f4cef5'">Trademarks</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_6383d471c5504236b18c5cc232b05e6f'">Indefinite</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_78b154cb21dc403fb7e2721bf4da9539'">2</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_a8dabec483b8460393244f8d392ac470'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_aa7070ddccaf4540af05e85994c740e4'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_b79ecf15cb004131bdfdc840878c30ee'">2</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:12.25pt"><td style="width:40%; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'22e-bfe-fcb-2b3-01c9'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_c6a4f012f0334eaf97fc52efbb16d78c'"> 11,150</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_8da70af4bf79480ea048576783255fb0'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff">(643)</td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_efcde195de5448eb93faacbfb21258e2'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_bc3d89a4f5c54011a53eaa00d32aeea5'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_662d95fe41dc435c88e86165e55a22ba'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'58a-af3-596-ddd-e456'"> 10,507</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr></tbody></table></div>

5458000

0 5458000

4744000

0 4744000

P5Y

1192000

513000

2000

0 2000

11396000

679000

10717000

5549000

0 5549000

4412000

P5Y

1187000

643000

544000

2000

0 2000

11150000

643000

10507000

20000.00

30000.00

60000.00

<table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:12.25pt"><td style="width:70.86%; vertical-align:bottom"> </td><td style="width:0.86%; padding:0.75pt; vertical-align:top"> </td><td colspan="2" style="vertical-align:bottom"><div style="-aw-sdt-tag:'c74-d69-f10-88e-f899'">March 31,</div></td><td style="width:0.86%; vertical-align:bottom"> </td><td colspan="2" style="vertical-align:bottom"><div style="-aw-sdt-tag:'831-36a-0d4-1e9-a44c'">December 31,</div></td><td style="width:0.84%; padding:0.75pt; vertical-align:bottom"> </td></tr><tr style="height:12.25pt"><td style="width:70.86%; border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_279d1ce6dbd74a54b825bb217342529c'">(in thousands)</div></td><td style="width:0.86%; padding:0.75pt; vertical-align:top"> </td><td colspan="2" style="border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_89a697b4179a4afa800422666c5aafec'">2026</div></td><td style="width:0.86%; vertical-align:bottom"> </td><td colspan="2" style="padding:0.75pt; vertical-align:bottom"><div style="-aw-sdt-tag:'41d-c91-4a9-78d-e654'">2025</div></td><td style="width:0.84%; padding:0.75pt; vertical-align:bottom"> </td></tr><tr style="height:12.25pt"><td style="width:70.86%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_5d5602cc98a145c68ac373af03066274'">Machinery, furniture, and equipment</div></td><td style="width:0.86%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:0.94%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_d262c4aa42044a77a14680f152fc261c'">$</div></td><td style="width:11.76%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_e8bf428b20ad4a3ca45e4a56cf2638f4'">307</div></td><td style="width:0.86%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1.14%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'C_6fc5d884b2e44513800d4c4ec477578d'">$</div></td><td style="width:12.74%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'C_909acb413f1647fd99172ed69996db37'">312</div></td><td style="width:0.84%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:70.86%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_a15e713ee1684a08b2d06308a19f3d0a'">Leasehold improvements</div></td><td style="width:0.86%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:0.94%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff; -aw-border-bottom:0.5pt single"> </td><td style="width:11.76%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'C_80fe54ab5fc74930b0cbceeeffc99c13'">216</div></td><td style="width:0.86%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1.14%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff; -aw-border-bottom:0.5pt single"> </td><td style="width:12.74%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'C_c70f42855bf64eeb9144d2fd70664fd8'">222</div></td><td style="width:0.84%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:12.25pt"><td style="width:70.86%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:0.86%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:0.94%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff; -aw-border-top:0.5pt single"> </td><td style="width:11.76%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'C_d411cc6f40f14488a3d4fc96ed2e71e3'">523</div></td><td style="width:0.86%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1.14%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff; -aw-border-top:0.5pt single"> </td><td style="width:12.74%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'C_2eade01f22294446ae1ffe117d932b5e'">534</div></td><td style="width:0.84%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:70.86%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_e42a411bc681450396c2c1a44149517e'">Less: accumulated depreciation</div></td><td style="width:0.86%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:0.94%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:11.76%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff">(131)</td><td style="width:0.86%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1.14%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:12.74%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff">(117)</td><td style="width:0.84%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:12.25pt"><td style="width:70.86%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_993fd060b71c4e9682b573f453fef6d9'">Total property and equipment, net</div></td><td style="width:0.86%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:0.94%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_dd1672af01f041139ee4b2b149aa73d5'">$</div></td><td style="width:11.76%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_274853146e4d433cba1f03d7c805367d'">392</div></td><td style="width:0.86%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1.14%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_11cce976d7f245eaa9af801ec25a6250'">$</div></td><td style="width:12.74%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_828fa5af00b54aa3ba274246d1c91067'">417</div></td><td style="width:0.84%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr></tbody></table>

307000

312000

216000

222000

523000

534000

131000

117000

392000

417000

17000

13000

753000 763000

625000

910000

508000

737000

366000 585000

273000

53000

62000

63000

0 79000

99000

183000

2686000

3373000

60000000

10000000

0.001

<table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:12.25pt"><td style="width:75%; padding-right:5.75pt; vertical-align:bottom"> </td><td style="width:0.8%; vertical-align:bottom"> </td><td colspan="5" style="vertical-align:bottom"><div style="-aw-sdt-tag:'C_5912198676374dc8919cbe6165acf288'">For the Three Months Ended</div></td><td style="width:1%; padding-top:0.75pt; padding-bottom:0.75pt; vertical-align:top"> </td></tr><tr style="height:12.25pt"><td style="width:75%; padding-right:5.75pt; vertical-align:bottom"> </td><td style="width:0.8%; vertical-align:bottom"> </td><td colspan="5" style="border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_8f7a15098da945ea987bcffce972a036'">March 31,</div></td><td style="width:1%; padding-top:0.75pt; padding-bottom:0.75pt; vertical-align:top"> </td></tr><tr style="height:12.25pt"><td style="width:75%; border-bottom:0.75pt solid #000000; padding-right:5.75pt; vertical-align:bottom"><div style="-aw-sdt-tag:'C_a736ba9fca92407398caf0dbe664c32e'">(in thousands, except share and per share data)</div></td><td style="width:0.8%; vertical-align:bottom"> </td><td colspan="2" style="border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_2dc1688a78bc472185a7ea8c8d7d6623'">2026</div></td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_c8b020d672e54f6c9f414fb7d2cfe7ff'">2025</div></td><td style="width:1%; padding-top:0.75pt; padding-bottom:0.75pt; vertical-align:top"> </td></tr><tr style="height:12.25pt"><td style="width:75%; border-top:0.75pt solid #000000; padding-right:5.75pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_fa039e5e83134c88a829edf66815835b'">Basic</div></td><td style="width:0.8%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; padding-top:0.75pt; padding-bottom:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:75%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'0a8-00f-964-490-1798'">Net loss from continuing operations</div></td><td style="width:0.8%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'fd6-5d5-84d-ed8-4a9f'">$</div></td><td style="width:10%; vertical-align:bottom; background-color:#ffffff">(2,966)</td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'86e-8aa-db0-5dd-ee0b'">$</div></td><td style="width:10%; vertical-align:bottom; background-color:#ffffff">(3,725)</td><td style="width:1%; padding-top:0.75pt; padding-bottom:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:12.25pt"><td style="width:75%; padding-right:5.75pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'b2b-e6f-3a3-fec-c751'">Net income from discontinued operations net of taxes</div></td><td style="width:0.8%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'481-e8c-ffb-aa7-4498'">$</div></td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'7ab-2f5-766-2f0-c074'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'f80-c83-2cb-12b-feb4'">$</div></td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'d31-bc1-9c2-396-6e81'">449</div></td><td style="width:1%; padding-top:0.75pt; padding-bottom:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:75%; padding-right:5.75pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_fac2e95ac9674186a00d0a2af5dc6516'">Weighted average number of shares used in computing net income (loss) per share – basic and diluted</div></td><td style="width:0.8%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff; -aw-border-bottom:0.5pt single"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'C_4cdc6186217844e2a0c8b4f9406c3ba4'">10,396,906</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff; -aw-border-bottom:0.5pt single"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'C_961e0bbc9e7f40a789151b348cd7e2fe'">8,374,928</div></td><td style="width:1%; padding-top:0.75pt; padding-bottom:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:12.25pt"><td style="width:75%; padding-right:5.75pt; vertical-align:bottom; background-color:#cceeff">Net loss per share from continuing operations - basic and diluted</td><td style="width:0.8%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'69c-908-df1-064-9402'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff; -aw-border-top:0.5pt single">(0.29)</td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'214-e8c-d4c-749-831a'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff; -aw-border-top:0.5pt single">(0.44)</td><td style="width:1%; padding-top:0.75pt; padding-bottom:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:75%; vertical-align:bottom; background-color:#ffffff">Net income per share from discontinued operations - basic and diluted</td><td style="width:0.8%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'f73-9a7-3f2-35e-9b39'">$</div></td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'1be-1d9-ed8-328-c5fd'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'f7a-216-3ac-ea6-455b'">$</div></td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'e64-1c2-17e-cfa-e559'">0.05</div></td><td style="width:1%; padding-top:0.75pt; padding-bottom:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:12.25pt"><td style="width:75%; padding-right:5.75pt; vertical-align:bottom; background-color:#cceeff">Net loss per share - basic and diluted</td><td style="width:0.8%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'070-596-c99-9a9-5c69'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff">(0.29)</td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'e4c-07e-3b1-ca3-5fb9'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff">(0.39)</td><td style="width:1%; padding-top:0.75pt; padding-bottom:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr></tbody></table>

-2966000

-3725000

449000

10396906

8374928

-0.29

-0.44

0.05

-0.29

-0.39

<table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:12.25pt"><td style="width:77%; vertical-align:bottom"> </td><td style="width:1.02%; vertical-align:bottom"> </td><td colspan="3" style="vertical-align:bottom"><div style="-aw-sdt-tag:'C_bd62e87038bb447f8ab68fd0b239a75a'">For the Three Months Ended</div></td><td style="width:1%; padding-top:0.75pt; padding-bottom:0.75pt; vertical-align:top"> </td></tr><tr style="height:12.25pt"><td style="width:77%; vertical-align:bottom"> </td><td style="width:1.02%; vertical-align:bottom"> </td><td colspan="3" style="border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_a769f71547814dcc9d5dcfacf5fec7ce'">March 31,</div></td><td style="width:1%; padding-top:0.75pt; padding-bottom:0.75pt; vertical-align:top"> </td></tr><tr style="height:12.25pt"><td style="width:77%; vertical-align:bottom"> </td><td style="width:1.02%; vertical-align:bottom"> </td><td style="width:10%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_0a3181d9098048bfa2f5dc5d935658c6'">2026</div></td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_17ed4f106feb471490b1f7add3e3b957'">2025</div></td><td style="width:1%; padding-top:0.75pt; padding-bottom:0.75pt; vertical-align:top"> </td></tr><tr style="height:12.25pt"><td style="width:77%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_dd12f6904fb946fb8e56da6deecb8030'">Stock options</div></td><td style="width:1.02%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_1e04d00fd0b544618d90b328d773f3db'">842,567</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_2eab510ce54c43268b8f36bbf858ed59'">978,806</div></td><td style="width:1%; padding-top:0.75pt; padding-bottom:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:77%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_af38ee70d871421e8c02aca91d4f47f0'">Restricted stock units</div></td><td style="width:1.02%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_10485fed55b147f5a2001c26b7188f96'">456,915</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_5fc4fffd8d2b452e9ceeb982b3db419b'">228,847</div></td><td style="width:1%; padding-top:0.75pt; padding-bottom:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:12.25pt"><td style="width:77%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_ea59b1d70026487690f24669ac58eb1e'">Warrants</div></td><td style="width:1.02%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_f87688bd9b0a44bdbb0ea33c13b1e5d8'">141,297</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_13dc5ab2cf1d454c874046bbd1933f11'">101,672</div></td><td style="width:1%; padding-top:0.75pt; padding-bottom:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:77%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1.02%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_e65100cb7e214ca4b068608732726516'">1,440,779</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'e5c-db1-fc0-9dd-6cd1'">1,309,325</div></td><td style="width:1%; padding-top:0.75pt; padding-bottom:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr></tbody></table>

842567

978806

456915

228847

141297

101672

1440779

1309325

Note 11 — Share-based compensation The Company adopted its 2024 Equity Incentive Plan in January 2024 to provide equity-based compensation incentives in the form of options, restricted stock unit awards, performance awards, restricted stock awards, stock appreciation rights, and other forms of awards to employees, directors and consultants, including employees and consultants or affiliates, to purchase the Company’s common stock in order to motivate, reward and retain personnel. Upon adoption, an aggregate of 1,700,000 shares of common stock was reserved for grant and issuance pursuant to the equity incentive plan. On November 17, 2025, the stockholders of the Company approved and adopted an amendment to the Company’s 2024 Equity Incentive Plan, as amended, at its 2025 annual meeting of stockholders to increase the number of shares of common stock available for issuance thereunder from 1,700,000 to 4,200,000. A summary of option activity for the three months ended March 31, 2026, and the year ended December 31, 2025, is presented below: <div style="-aw-sdt-tag:'138-cf5-0f9-9bf-a155'; -aw-sdt-title:'Share-Based Compensation T1'"><table cellpadding="0" cellspacing="0" style="width:99.86%; border-collapse:collapse"><tbody><tr style="height:1pt"><td style="width:65%; vertical-align:bottom"> </td><td style="width:1%; padding:0.75pt; vertical-align:top"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_621c4353ec9a4205b9da51b2470c22e2'">Number of Options</div></td><td style="width:1%; vertical-align:bottom"> </td><td colspan="2" style="border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_699bd11b926b4a5e9219b15444478071'">Weighted-Average Exercise Price</div></td><td style="width:1%; vertical-align:bottom"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_13dda414c4be4756837254945fdc014c'">Weighted-Average Remaining Contractual Term (In Years)</div></td><td style="width:1%; padding:0.75pt; vertical-align:top"> </td></tr><tr style="height:1pt"><td style="width:65%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'a28-619-aa2-e00-0245'">Outstanding - January 1, 2025</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'0e1-2b4-cc6-5ae-964c'">938,453</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'611-f1c-d13-c93-bd95'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'d6d-b76-56b-5dd-16c2'">5.08</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'d57-be8-a42-944-6be7'">9.20</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:1pt"><td style="width:65%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'c21-a03-abe-972-8ce0'">Granted</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'72e-918-b64-2f7-f4dc'">727,901</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'3dc-284-06d-294-cb44'">$</div></td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'902-0a9-de2-d73-afab'">1.21</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'e83-430-1c7-5f6-90a3'">9.41</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:1pt"><td style="width:65%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_3d578b3ea09b4a25b5db44283cb8ca10'">Exercised</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_20f0e1179d764cb5a4105063e846f51e'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_e72cd8f4fa554cd8a8d86aed65bdad03'">$</div></td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_bb1577063ed3488d9aa05e4970edf216'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_ead603a23678479889b4c90e0a67051e'">—</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:1pt"><td style="width:65%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_d7ff4c08b0fd46b3b0f86647d767f249'">Modified/Cancelled</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_4096e154d4a44f1fa3cb932b0dfb29ca'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_ee0065913cb244689d8f467d7afa818b'">$</div></td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_732ea837b86c475e9a5a66ebba3f532d'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_fecd6e43c58e443ebed9e312cc75c8fd'">—</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:1pt"><td style="width:65%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'f5b-f9c-ddf-c21-cac3'">Expired/Forfeited</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff">(698,754)</td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'4e8-0fe-53c-714-1204'">$</div></td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff">4.88</td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'6cd-fc5-aa4-55d-1b81'">—</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:6pt"><td style="width:65%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'96e-9fe-aaf-2a3-7302'">Outstanding - December 31, 2025</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff">967,600</td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'7fb-f11-e62-835-40dd'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff">3.14</td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff">8.58</td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:1pt"><td style="width:65%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'689-cf9-49c-b68-ffee'">Granted</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'e61-4fc-047-1c9-fd97'">125,000</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'09f-7e3-d04-122-3b59'">$</div></td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'018-e7b-312-025-c2f2'">2.91</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'93f-a45-ebf-194-df12'">9.86</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:1pt"><td style="width:65%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_fc912044d1f844d4a79994d7b775f731'">Exercised</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff">(132,136)</td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_b4647aa862d14606beabcda7005e2850'">$</div></td><td style="width:10%; vertical-align:bottom; background-color:#ffffff">3.32</td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_81f69e834e9f46f1916cb91f2e2e75d9'">—</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:1pt"><td style="width:65%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_a37d6296d9134630a16d827725d849a8'">Modified/Cancelled</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_b6abd768df0e44ddba76cc2cdca92236'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_edfadff276b54eeebc64043d3b0fa751'">$</div></td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_264f9c48047e44cfb102aea5023f4b28'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_72c1f08496f64e19a781d5f42237a238'">—</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:1pt"><td style="width:65%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'8aa-885-a33-b02-35fd'">Expired/Forfeited</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff">(117,897)</td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'e1d-f68-f5b-9e0-b027'">$</div></td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'5ed-565-4eb-005-4d7b'">2.13</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'f3c-a0b-522-88b-ae98'">—</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:1pt"><td style="width:65%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'039-51b-270-29e-a78f'">Outstanding - March 31, 2026</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:10%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'c24-221-b6f-35f-91f5'">842,567</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'4d9-9a4-b22-50b-4fa6'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'1bd-793-08d-035-a538'">3.28</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'037-0c8-ed5-eed-a700'">9.10</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:1pt"><td style="width:65%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'fc8-fff-520-323-a074'">Exercisable - March 31, 2026</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'ef5-d75-e5a-0d6-6129'">263,403</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'360-270-e77-2c1-046f'">$</div></td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'076-19a-a36-875-07a8'">4.23</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'23a-6b5-2df-2e3-1baa'">8.79</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr></tbody></table></div> Options granted during the three months ended March 31, 2026 and 2025, were valued using the Black-Scholes option-pricing model with the following assumptions. <div style="-aw-sdt-tag:'b2c-f34-252-01c-7bda'"><div style="-aw-sdt-tag:'867-fc2-cbe-b59-1729'; -aw-sdt-title:'Share-Based Compensation T2'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:1pt"><td style="width:82%; vertical-align:bottom"> </td><td style="width:1%; padding:0.75pt; vertical-align:top"> </td><td colspan="2" style="vertical-align:bottom"><div style="-aw-sdt-tag:'C_3f3364c0e16744f3baacdc1ed0ea70ea'">For the Three Months Ended</div></td><td style="width:1%; vertical-align:bottom"> </td></tr><tr style="height:1pt"><td style="width:82%; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"> </td><td style="width:1%; padding:0.75pt; vertical-align:top"> </td><td colspan="2" style="border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'763-763-24f-0b0-8ed2'">March 2026</div></td><td style="width:1%; vertical-align:bottom"> </td></tr><tr style="height:1pt"><td style="width:82%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_8636c7bb6bfd4f8490c174fd8caf15c8'">Weighted average grant date fair value</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_20c2c40c7a7449be9b3a8a10321233fc'">$</div></td><td style="width:15%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'99b-db3-fce-13a-e514'">2.21</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td></tr><tr style="height:1pt"><td style="width:82%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_7c41ac82396a44a1ad05d6069f88fbdf'">Expected term (years)</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:15%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'833-ada-204-e9a-8dcf'">3.99-5.87</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td></tr><tr style="height:1pt"><td style="width:82%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_b613cc5e7606456d94536e7bfd43c165'">Risk-free interest rate</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:15%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'208-814-400-030-0875'">4.32</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_d40255be5f934a8fbb990f274a065274'">%</div></td></tr><tr style="height:1pt"><td style="width:82%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_fffd8a5a17a7418780b9344ed8415adb'">Expected volatility</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:15%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_d6714932fa884a6c85ebaf76f2f1141a'">65.00</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_900913dc81474d39bc429877cb0dc2b6'">%</div></td></tr><tr style="height:1pt"><td style="width:82%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_5feeae13dbdf4e8590244f908f785dee'">Expected dividends yield</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:15%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_f30d2715263e480da93e1f102aab31ae'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_acabe6b90e8c42fc894192520f041f8a'">%</div></td></tr><tr style="height:1pt"><td style="width:82%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_3526d764badf4f9ea26e6e6ec9e318af'">Exercise price</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_8d27ab782f9642d5bd4a1a21b454b7da'">$</div></td><td style="width:15%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'a8d-d82-2f8-098-333c'">2.25-3.90</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td></tr></tbody></table></div> <div style="-aw-sdt-tag:'c47-c09-805-099-af06'; -aw-sdt-title:'Share-Based Compensation T3'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:1pt"><td style="width:82%; vertical-align:middle"> </td><td style="width:0.9%; padding:0.75pt; vertical-align:top"> </td><td colspan="2" style="vertical-align:middle"><div style="-aw-sdt-tag:'C_0d9fae87ba794d9baa334e20622bc205'">For the Three Months Ended</div></td><td style="width:1%; vertical-align:middle"> </td></tr><tr style="height:1pt"><td style="width:82%; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"> </td><td style="width:0.9%; padding:0.75pt; vertical-align:top"> </td><td colspan="2" style="border-bottom:0.75pt solid #000000; vertical-align:middle"><div style="-aw-sdt-tag:'C_40b218c3649140f3a39e4c7cb24952fe'">March 31, 2025</div></td><td style="width:1%; vertical-align:middle"> </td></tr><tr style="height:1pt"><td style="width:82%; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_97de2c69686441259519901458fc0977'">Weighted average grant date fair value</div></td><td style="width:0.9%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_9c72d1337eff4bd89ab8a8aa2deac2e2'">$</div></td><td style="width:15%; border-top:0.75pt solid #000000; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_7d421bc028dd48058cd89d30a1b0b91a'">3.04</div></td><td style="width:1%; vertical-align:middle; background-color:#cceeff"> </td></tr><tr style="height:1pt"><td style="width:82%; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_7aa1b41ac77c41c08bc805a0f572ed66'">Expected term (years)</div></td><td style="width:0.9%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; vertical-align:middle; background-color:#ffffff"> </td><td style="width:15%; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'84f-b94-637-1c8-2ee0'">5.14-5.52</div></td><td style="width:1%; vertical-align:middle; background-color:#ffffff"> </td></tr><tr style="height:1pt"><td style="width:82%; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_f7090967218e41769dc86119eb327852'">Risk-free interest rate</div></td><td style="width:0.9%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; vertical-align:middle; background-color:#cceeff"> </td><td style="width:15%; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'22e-852-1a1-f74-7e3b'">4.0-4.1</div></td><td style="width:1%; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_50c37d6688c44b2b99eb939b049f88ab'">%</div></td></tr><tr style="height:1pt"><td style="width:82%; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_9cad0ec3512e4feb8ae6c62bc4ac1905'">Expected volatility</div></td><td style="width:0.9%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; vertical-align:middle; background-color:#ffffff"> </td><td style="width:15%; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_45e47fbd33b74eb096a322825924cf7e'">68.0</div></td><td style="width:1%; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_bbb708e6e3fe4b5ea22a5ee8094cf7d5'">%</div></td></tr><tr style="height:1pt"><td style="width:82%; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_305617f78dcf4f4b81bdc18fa7fe5d8a'">Expected dividends yield</div></td><td style="width:0.9%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; vertical-align:middle; background-color:#cceeff"> </td><td style="width:15%; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_ec99308b561544b6ad915a75ba270d11'">—</div></td><td style="width:1%; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_303a5931ca3b4dd3a8751bc3f1ed8d9c'">%</div></td></tr><tr style="height:1pt"><td style="width:82%; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_f36ba6f4afc24c1f99b2dbfb0b5de458'">Exercise price</div></td><td style="width:0.9%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_2bbfcb361a75479a974ca99ae723e7a0'">$</div></td><td style="width:15%; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_86d98801bbfe49948842b2a9780e4de1'">2.93</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td></tr></tbody></table></div></div> <div style="-aw-sdt-tag:'8d6-4c7-ca7-e2a-6f24'"></div><div style="-aw-sdt-tag:'8d6-4c7-ca7-e2a-6f24'"></div>The Company estimates its expected volatility by using a combination of historical share price volatilities of similar companies within the Company’s industry. The risk-free interest rate assumption is based on observed interest rates for the appropriate term of the Company’s options on a grant date. The expected option term assumption is estimated using the simplified method and is based on the mid-point between vest date and the remaining contractual term of the option, since the Company does not have sufficient exercise history to estimate expected term of its historical option awards. Share-based compensation related to options is included in the unaudited condensed consolidated statements of operations as follows: <div style="-aw-sdt-tag:'ab5-f45-1c9-057-aba5'; -aw-sdt-title:'Share-Based Compensation T4'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:1pt"><td style="width:71%; vertical-align:bottom"> </td><td style="width:1.02%; padding:0.75pt; vertical-align:top"> </td><td colspan="5" style="border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_7f3288d253494abfa775ac682218b13d'">Three Months Ended March 31,</div></td><td style="width:1%; border-bottom:0.75pt solid #000000; padding:0.75pt; vertical-align:top"> </td></tr><tr style="height:1pt"><td style="width:71%; border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_322da4f20b1643f8a4af98cfd64c76f3'">(in thousands)</div></td><td style="width:1.02%; padding:0.75pt; vertical-align:top"> </td><td colspan="2" style="border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_4bbf91942b584d43a981a7b4cd51c459'">2026</div></td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_4c39c3e478b646b2a0ed8c447c1e3dfe'">2025</div></td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:0.75pt; vertical-align:top"> </td></tr><tr style="height:1pt"><td style="width:71%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_a2082952c25b45159265e4fb38493b54'">General and administrative</div></td><td style="width:1.02%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_a27c97673a1d4e5ca48c1331244af68a'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_2ed6028a21e64bed910476c7c4171e0c'">103</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_45d6549905084e0cbf7a01b1f12f470f'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_d283559ec43941049a2714d6a5eede03'">227</div></td><td style="width:1%; border-top:0.75pt solid #000000; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:1pt"><td style="width:71%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_c255c0ab9a664e42b7318dbbc41010d1'">Total</div></td><td style="width:1.02%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_2337917c95eb43d5b1babb48cb6f11d7'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_403071b84e1e48cebf525013069e9524'">103</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_5e62d71a2d6f44589c90ffde4c98b0d4'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_1f41f9d0a7ea472cac42f767e279d2bc'">227</div></td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding:0.75pt; vertical-align:top; background-color:#ffffff;"> </td></tr></tbody></table></div> Compensation costs related to non-vested option rewards not yet recognized as of March 31, 2026 was $971 thousand and will be recognized over the next 3 years. A summary of restricted stock units (“RSUs”) activity for the three months ended March 31, 2026, and the year ended December 31, 2025, is presented below: <div style="-aw-sdt-tag:'dd3-72c-dc0-ad2-1d1f'; -aw-sdt-title:'Share-Based Compensation T5'"><table cellpadding="0" cellspacing="0" style="width:99.86%; border-collapse:collapse"><tbody><tr style="height:1pt"><td style="width:72%; border-bottom:0.75pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; padding:0.75pt; vertical-align:top"> </td><td style="width:12%; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><div style="-aw-sdt-tag:'C_b0c12193a0b142ffb97a83c0001a97ad'">Number of Units</div></td><td style="width:1%; vertical-align:bottom"> </td><td colspan="2" style="border-bottom:0.75pt solid #000000; padding-left:5.75pt; vertical-align:bottom"><div style="-aw-sdt-tag:'C_1d347d5e4aa6448583019e26e4b3a605'">Weighted Average Grant Date FV</div></td><td style="width:1%; padding:0.75pt; vertical-align:top"> </td></tr><tr style="height:1pt"><td style="width:72%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'e65-e32-d45-187-2c7d'">RSUs outstanding at January 1, 2025</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:12%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'50b-87b-783-eb1-2150'">255,716</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'542-05b-e1c-87f-85bc'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'9f6-703-559-b9a-1384'">4.13</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:1pt"><td style="width:72%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'1c3-fa7-96e-c2b-7c2e'">Granted</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:12%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'367-8e1-547-95f-98e7'">247,091</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'64c-b43-f90-653-0049'">$</div></td><td style="width:12%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'545-28f-dd2-98f-e0d8'">2.60</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:1pt"><td style="width:72%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'1d8-094-e7a-272-7bf5'">Vested</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:12%; vertical-align:bottom; background-color:#cceeff">(134,522)</td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'d45-df6-82c-361-d1d7'">$</div></td><td style="width:12%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'799-edd-67c-f40-4f04'">3.61</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:1pt"><td style="width:72%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'715-ac6-43c-a58-2607'">Forfeited</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:12%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff">(217,138)</td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'98e-d1d-85a-159-c1ba'">$</div></td><td style="width:12%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'484-605-fc0-013-cb6d'">5.51</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:1pt"><td style="width:72%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_02ac49cca081444cbf10202a906f78d0'">RSUs outstanding at December 31, 2025</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:12%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_53d436105c5a4f10bd5e93fc99fae97e'">151,147</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_418b096c816840299eaa1aa0721e814d'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_7566266901b746a9ad9f896eda2b79ba'"> 2.66</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:1pt"><td style="width:72%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'8db-8a1-10e-0a9-7964'">Granted</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:12%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'90f-e47-2a1-4b1-d078'">344,600</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'cb0-ca0-008-38a-a1ec'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'baa-3ed-71f-9be-0fa8'">3.85</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:1pt"><td style="width:72%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ed9-aa6-58e-201-ee98'">Vested</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:12%; vertical-align:bottom; background-color:#cceeff">(31,958)</td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ff8-b58-0a4-c36-51f7'">$</div></td><td style="width:12%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'572-ef5-ccd-77d-d15f'">3.61</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:1pt"><td style="width:72%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'e73-40a-6ef-920-b9ee'">Forfeited</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:12%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff">(6,875)</td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'7e4-5cd-3ff-29c-3c47'">$</div></td><td style="width:12%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'3a4-599-16c-425-9250'">1.56</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:1pt"><td style="width:72%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'30d-ac7-bef-09c-340f'">RSUs outstanding at March 31, 2026</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:12%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'06e-941-b93-8c9-cf4c'">456,914</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'cc0-af0-067-0b3-2506'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'f0c-2b8-299-cfb-ba7c'">3.51</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr></tbody></table></div> The total fair value of RSUs vested during the three months ended March 31, 2026 and 2025, was $115 thousand and $140 thousand, respectively. Stock-based compensation related to RSUs is included in the unaudited condensed consolidated statements of operations as follows: <div style="-aw-sdt-tag:'516-3c8-f26-e83-4da2'; -aw-sdt-title:'Share-Based Compensation T6'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:1pt"><td style="width:71%; vertical-align:bottom"> </td><td style="width:0.96%; padding:0.75pt; vertical-align:top"> </td><td colspan="5" style="border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_ab84df4ace834c1d94f14467c9bb54a1'">Three Months Ended March 31,</div></td><td style="width:1%; border-bottom:0.75pt solid #000000; padding:0.75pt; vertical-align:top"> </td></tr><tr style="height:1pt"><td style="width:71%; border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_5b8b162e985941e9a34cadfca86917f4'">(in thousands)</div></td><td style="width:0.96%; padding:0.75pt; vertical-align:top"> </td><td colspan="2" style="border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_a467974aabc74747ba180c13dda5c9bd'">2026</div></td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_06775e8cc44745dc9d73c1fdd147a60e'">2025</div></td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:0.75pt; vertical-align:top"> </td></tr><tr style="height:1pt"><td style="width:71%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_c851b440f7e346a2900d09bf8bf7c1f7'">General and administrative</div></td><td style="width:0.96%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_1703687e8c874d92b52d3276d677bd9e'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_9acaed419f934ed79b3e914f7a3453cb'">158</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_c25d2635141a4b938aab028fe64fb77f'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_fb4660a496734d6299fca1f3153735ad'">81</div></td><td style="width:1%; border-top:0.75pt solid #000000; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:1pt"><td style="width:71%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_06367c0faa4c42ef92d7ec823aa38c67'">Total</div></td><td style="width:0.96%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_290ec565192647fe8572516192e9ebac'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_4b0fceaee3324336b89f4137b9c07a77'">158</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_e559f4cdc54c4326bb3fb4f0ab43c177'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_4fa27e9c53c94cdcbdeb344887b01b9f'">81</div></td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding:0.75pt; vertical-align:top; background-color:#ffffff;"> </td></tr></tbody></table></div> Of the RSUs granted during the three months ended March 31, 2026, 234,100 were determined to be time-based RSUs. Total compensation cost related to non-vested time-based RSUs not yet recognized as of March 31, 2026, was approximately $1,199 thousand which will be recognized on a straight-line basis through the end of the vesting period in 2029. Total compensation cost related to non-vested performance-based RSUs not yet recognized as of March 31, 2026 was approximately $320 thousand. <div style="-aw-sdt-tag:'5b8-d23-717-206-f31b'"></div><div style="-aw-sdt-tag:'5b8-d23-717-206-f31b'"></div>Warrants As of March 31, 2026, and December 31, 2025, the Company had the following warrants outstanding: <div style="-aw-sdt-tag:'2b9-220-4d7-6e0-cb5a'; -aw-sdt-title:'Share-Based Compensation T7'"><table cellpadding="0" cellspacing="0" style="width:99.86%; border-collapse:collapse"><tbody><tr style="height:1pt"><td style="width:65%; padding-right:5.75pt; vertical-align:bottom"> </td><td style="width:1%; padding:0.75pt; vertical-align:top"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_41fc71cf9a52413db3e11a7438564210'"> Number of Shares </div></td><td style="width:1%; vertical-align:bottom"> </td><td colspan="2" style="border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_79b8d129492244a98000528186887470'"> Weighted-Average Exercise Price </div></td><td style="width:1%; vertical-align:bottom"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_0b6b8242a9304bdea29982718d22ecf7'"> Weighted-Average Remaining Contractual Term (In Years) </div></td><td style="width:1%; padding:0.75pt; vertical-align:top"> </td></tr><tr style="height:1pt"><td style="width:65%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'a9a-14e-bcc-7ef-3d0d'">Warrants outstanding - January 1, 2025</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'04f-16e-857-0b6-61fc'">101,672</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'252-8a9-191-f9c-3c63'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'f7c-fad-55e-4e6-f5c6'">7.06</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'4b3-1a4-26b-4b0-9cb8'">4.40</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:1pt"><td style="width:65%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'db7-339-c85-dfe-bb90'">Issued</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'3ab-bdb-f3a-53f-a2ae'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'4ea-086-053-824-c28b'">$</div></td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'723-081-348-61f-aa1b'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'0e1-ad5-b25-84e-18e6'">—</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:1pt"><td style="width:65%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_1a593fad674c479e8573989ac1c463d5'">Exercised</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_9a48c18c39d34292b4b031d1789503b1'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_2a483ab3625b498280b4941b62086d33'">$</div></td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_63b42cff7c494a25ba12f9053e3f4fc1'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_58dc85a78daf482180fc7f7267ac1a79'">—</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:1pt"><td style="width:65%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_a87d38e0ae8d444cbe78018b332388a4'">Expired</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_f7a18bebc3f14e3c9169ac4b1c1f58bc'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_412bb629bcf640ff816c1bb184d4fcd7'">$</div></td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_caac4dcf648d4b55bee3e84cad7d457e'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_c6cc751ba2834624a6d2b8aa77f53eba'">—</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:1pt"><td style="width:65%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_e1b19c9509b34d31a9a5bcf14c803512'">Warrants outstanding - December 31, 2025</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_38aa30170bc045a6a36a20399bc494a7'">101,672</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_8bdc59d15c9245f1b28e02f3421ed141'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_3cc2c8de6e55493a96b780d43188b4f9'">7.06</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_45f76805d6534f1e96cfff6d6b05c0a1'">2.92</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:1pt"><td style="width:65%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_20c5449ddcc2465ebdb1e42e0834dc12'">Issued</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_b9c8a7f3080a4608aeb3927f203e37fb'">94,625</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_09556c3c1f26444ab76465df088e3bac'">$</div></td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_b6eeb625103e43c683ae3f23af288639'">13.21</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_b5f6929094824652ae1f3cbed6e0d6ff'">4.81</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:1pt"><td style="width:65%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_a6770a5425e64dab8558acacb9f04051'">Exercised</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff">(55,000)</td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_87ac48c46f2b428f92315cce75970536'">$</div></td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_e871c156b9024467b314aee653644856'">10.00</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_7b0e1c9248b249b1bbd1ebdbb7f49ca0'">—</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:1pt"><td style="width:65%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'8d8-57d-a51-81b-1bd3'">Expired</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'2d7-0c7-778-698-cb7b'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'6ea-fcf-f2c-039-947f'">$</div></td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'45a-9b2-f84-2a1-3374'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'e9d-23b-207-557-af6a'">—</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:1pt"><td style="width:65%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'4f3-0b9-932-bc9-4297'">Warrants outstanding - March 31, 2026</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:10%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'fe6-133-351-e9d-ea68'">141,297</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'163-f6b-0df-59a-807d'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'53b-110-c8b-4ca-2a27'">10.03</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'de0-e36-41b-aa4-5655'">3.75</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:1pt"><td style="width:65%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_4c49a38624c44c998d9dfba8cc61fe58'">Warrants exercisable - March 31, 2026</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_d2c93802b5314be68adf80e941d16f90'">141,297</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_ccf26ddd49e74582a2307af8a05dff4a'">$</div></td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_6224f670cec64ee68be45fba29d89c55'">10.03</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_640e9e956be0433f800aa64186136bae'">3.75</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr></tbody></table></div>

1700000

4200000

<table cellpadding="0" cellspacing="0" style="width:99.86%; border-collapse:collapse"><tbody><tr style="height:1pt"><td style="width:65%; vertical-align:bottom"> </td><td style="width:1%; padding:0.75pt; vertical-align:top"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_621c4353ec9a4205b9da51b2470c22e2'">Number of Options</div></td><td style="width:1%; vertical-align:bottom"> </td><td colspan="2" style="border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_699bd11b926b4a5e9219b15444478071'">Weighted-Average Exercise Price</div></td><td style="width:1%; vertical-align:bottom"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_13dda414c4be4756837254945fdc014c'">Weighted-Average Remaining Contractual Term (In Years)</div></td><td style="width:1%; padding:0.75pt; vertical-align:top"> </td></tr><tr style="height:1pt"><td style="width:65%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'a28-619-aa2-e00-0245'">Outstanding - January 1, 2025</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'0e1-2b4-cc6-5ae-964c'">938,453</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'611-f1c-d13-c93-bd95'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'d6d-b76-56b-5dd-16c2'">5.08</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'d57-be8-a42-944-6be7'">9.20</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:1pt"><td style="width:65%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'c21-a03-abe-972-8ce0'">Granted</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'72e-918-b64-2f7-f4dc'">727,901</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'3dc-284-06d-294-cb44'">$</div></td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'902-0a9-de2-d73-afab'">1.21</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'e83-430-1c7-5f6-90a3'">9.41</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:1pt"><td style="width:65%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_3d578b3ea09b4a25b5db44283cb8ca10'">Exercised</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_20f0e1179d764cb5a4105063e846f51e'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_e72cd8f4fa554cd8a8d86aed65bdad03'">$</div></td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_bb1577063ed3488d9aa05e4970edf216'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_ead603a23678479889b4c90e0a67051e'">—</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:1pt"><td style="width:65%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_d7ff4c08b0fd46b3b0f86647d767f249'">Modified/Cancelled</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_4096e154d4a44f1fa3cb932b0dfb29ca'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_ee0065913cb244689d8f467d7afa818b'">$</div></td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_732ea837b86c475e9a5a66ebba3f532d'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_fecd6e43c58e443ebed9e312cc75c8fd'">—</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:1pt"><td style="width:65%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'f5b-f9c-ddf-c21-cac3'">Expired/Forfeited</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff">(698,754)</td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'4e8-0fe-53c-714-1204'">$</div></td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff">4.88</td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'6cd-fc5-aa4-55d-1b81'">—</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:6pt"><td style="width:65%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'96e-9fe-aaf-2a3-7302'">Outstanding - December 31, 2025</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff">967,600</td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'7fb-f11-e62-835-40dd'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff">3.14</td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff">8.58</td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:1pt"><td style="width:65%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'689-cf9-49c-b68-ffee'">Granted</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'e61-4fc-047-1c9-fd97'">125,000</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'09f-7e3-d04-122-3b59'">$</div></td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'018-e7b-312-025-c2f2'">2.91</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'93f-a45-ebf-194-df12'">9.86</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:1pt"><td style="width:65%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_fc912044d1f844d4a79994d7b775f731'">Exercised</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff">(132,136)</td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_b4647aa862d14606beabcda7005e2850'">$</div></td><td style="width:10%; vertical-align:bottom; background-color:#ffffff">3.32</td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_81f69e834e9f46f1916cb91f2e2e75d9'">—</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:1pt"><td style="width:65%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_a37d6296d9134630a16d827725d849a8'">Modified/Cancelled</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_b6abd768df0e44ddba76cc2cdca92236'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_edfadff276b54eeebc64043d3b0fa751'">$</div></td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_264f9c48047e44cfb102aea5023f4b28'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_72c1f08496f64e19a781d5f42237a238'">—</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:1pt"><td style="width:65%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'8aa-885-a33-b02-35fd'">Expired/Forfeited</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff">(117,897)</td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'e1d-f68-f5b-9e0-b027'">$</div></td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'5ed-565-4eb-005-4d7b'">2.13</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'f3c-a0b-522-88b-ae98'">—</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:1pt"><td style="width:65%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'039-51b-270-29e-a78f'">Outstanding - March 31, 2026</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:10%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'c24-221-b6f-35f-91f5'">842,567</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'4d9-9a4-b22-50b-4fa6'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'1bd-793-08d-035-a538'">3.28</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'037-0c8-ed5-eed-a700'">9.10</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:1pt"><td style="width:65%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'fc8-fff-520-323-a074'">Exercisable - March 31, 2026</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'ef5-d75-e5a-0d6-6129'">263,403</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'360-270-e77-2c1-046f'">$</div></td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'076-19a-a36-875-07a8'">4.23</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'23a-6b5-2df-2e3-1baa'">8.79</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr></tbody></table>

938453

5.08

P9Y2M12D

727901

1.21

P9Y4M28D

0 0

698754

4.88

967600

3.14

P8Y6M29D

125000

2.91

P9Y10M9D

132136

3.32

0 0

117897

2.13

842567

3.28

P9Y1M6D

263403

4.23

P8Y9M14D

<div style="-aw-sdt-tag:'867-fc2-cbe-b59-1729'; -aw-sdt-title:'Share-Based Compensation T2'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:1pt"><td style="width:82%; vertical-align:bottom"> </td><td style="width:1%; padding:0.75pt; vertical-align:top"> </td><td colspan="2" style="vertical-align:bottom"><div style="-aw-sdt-tag:'C_3f3364c0e16744f3baacdc1ed0ea70ea'">For the Three Months Ended</div></td><td style="width:1%; vertical-align:bottom"> </td></tr><tr style="height:1pt"><td style="width:82%; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"> </td><td style="width:1%; padding:0.75pt; vertical-align:top"> </td><td colspan="2" style="border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'763-763-24f-0b0-8ed2'">March 2026</div></td><td style="width:1%; vertical-align:bottom"> </td></tr><tr style="height:1pt"><td style="width:82%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_8636c7bb6bfd4f8490c174fd8caf15c8'">Weighted average grant date fair value</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_20c2c40c7a7449be9b3a8a10321233fc'">$</div></td><td style="width:15%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'99b-db3-fce-13a-e514'">2.21</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td></tr><tr style="height:1pt"><td style="width:82%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_7c41ac82396a44a1ad05d6069f88fbdf'">Expected term (years)</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:15%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'833-ada-204-e9a-8dcf'">3.99-5.87</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td></tr><tr style="height:1pt"><td style="width:82%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_b613cc5e7606456d94536e7bfd43c165'">Risk-free interest rate</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:15%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'208-814-400-030-0875'">4.32</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_d40255be5f934a8fbb990f274a065274'">%</div></td></tr><tr style="height:1pt"><td style="width:82%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_fffd8a5a17a7418780b9344ed8415adb'">Expected volatility</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:15%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_d6714932fa884a6c85ebaf76f2f1141a'">65.00</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_900913dc81474d39bc429877cb0dc2b6'">%</div></td></tr><tr style="height:1pt"><td style="width:82%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_5feeae13dbdf4e8590244f908f785dee'">Expected dividends yield</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:15%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_f30d2715263e480da93e1f102aab31ae'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_acabe6b90e8c42fc894192520f041f8a'">%</div></td></tr><tr style="height:1pt"><td style="width:82%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_3526d764badf4f9ea26e6e6ec9e318af'">Exercise price</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_8d27ab782f9642d5bd4a1a21b454b7da'">$</div></td><td style="width:15%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'a8d-d82-2f8-098-333c'">2.25-3.90</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td></tr></tbody></table></div> <div style="-aw-sdt-tag:'c47-c09-805-099-af06'; -aw-sdt-title:'Share-Based Compensation T3'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:1pt"><td style="width:82%; vertical-align:middle"> </td><td style="width:0.9%; padding:0.75pt; vertical-align:top"> </td><td colspan="2" style="vertical-align:middle"><div style="-aw-sdt-tag:'C_0d9fae87ba794d9baa334e20622bc205'">For the Three Months Ended</div></td><td style="width:1%; vertical-align:middle"> </td></tr><tr style="height:1pt"><td style="width:82%; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"> </td><td style="width:0.9%; padding:0.75pt; vertical-align:top"> </td><td colspan="2" style="border-bottom:0.75pt solid #000000; vertical-align:middle"><div style="-aw-sdt-tag:'C_40b218c3649140f3a39e4c7cb24952fe'">March 31, 2025</div></td><td style="width:1%; vertical-align:middle"> </td></tr><tr style="height:1pt"><td style="width:82%; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_97de2c69686441259519901458fc0977'">Weighted average grant date fair value</div></td><td style="width:0.9%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_9c72d1337eff4bd89ab8a8aa2deac2e2'">$</div></td><td style="width:15%; border-top:0.75pt solid #000000; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_7d421bc028dd48058cd89d30a1b0b91a'">3.04</div></td><td style="width:1%; vertical-align:middle; background-color:#cceeff"> </td></tr><tr style="height:1pt"><td style="width:82%; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_7aa1b41ac77c41c08bc805a0f572ed66'">Expected term (years)</div></td><td style="width:0.9%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; vertical-align:middle; background-color:#ffffff"> </td><td style="width:15%; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'84f-b94-637-1c8-2ee0'">5.14-5.52</div></td><td style="width:1%; vertical-align:middle; background-color:#ffffff"> </td></tr><tr style="height:1pt"><td style="width:82%; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_f7090967218e41769dc86119eb327852'">Risk-free interest rate</div></td><td style="width:0.9%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; vertical-align:middle; background-color:#cceeff"> </td><td style="width:15%; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'22e-852-1a1-f74-7e3b'">4.0-4.1</div></td><td style="width:1%; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_50c37d6688c44b2b99eb939b049f88ab'">%</div></td></tr><tr style="height:1pt"><td style="width:82%; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_9cad0ec3512e4feb8ae6c62bc4ac1905'">Expected volatility</div></td><td style="width:0.9%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; vertical-align:middle; background-color:#ffffff"> </td><td style="width:15%; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_45e47fbd33b74eb096a322825924cf7e'">68.0</div></td><td style="width:1%; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_bbb708e6e3fe4b5ea22a5ee8094cf7d5'">%</div></td></tr><tr style="height:1pt"><td style="width:82%; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_305617f78dcf4f4b81bdc18fa7fe5d8a'">Expected dividends yield</div></td><td style="width:0.9%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; vertical-align:middle; background-color:#cceeff"> </td><td style="width:15%; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_ec99308b561544b6ad915a75ba270d11'">—</div></td><td style="width:1%; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_303a5931ca3b4dd3a8751bc3f1ed8d9c'">%</div></td></tr><tr style="height:1pt"><td style="width:82%; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_f36ba6f4afc24c1f99b2dbfb0b5de458'">Exercise price</div></td><td style="width:0.9%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_2bbfcb361a75479a974ca99ae723e7a0'">$</div></td><td style="width:15%; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_86d98801bbfe49948842b2a9780e4de1'">2.93</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td></tr></tbody></table></div>

2.21

P3Y11M26D

P5Y10M13D

0.0432

0.65

2.25

3.9

3.04

P5Y1M20D

P5Y6M7D

0.04

0.041

0.68

2.93

<table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:1pt"><td style="width:71%; vertical-align:bottom"> </td><td style="width:1.02%; padding:0.75pt; vertical-align:top"> </td><td colspan="5" style="border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_7f3288d253494abfa775ac682218b13d'">Three Months Ended March 31,</div></td><td style="width:1%; border-bottom:0.75pt solid #000000; padding:0.75pt; vertical-align:top"> </td></tr><tr style="height:1pt"><td style="width:71%; border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_322da4f20b1643f8a4af98cfd64c76f3'">(in thousands)</div></td><td style="width:1.02%; padding:0.75pt; vertical-align:top"> </td><td colspan="2" style="border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_4bbf91942b584d43a981a7b4cd51c459'">2026</div></td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_4c39c3e478b646b2a0ed8c447c1e3dfe'">2025</div></td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:0.75pt; vertical-align:top"> </td></tr><tr style="height:1pt"><td style="width:71%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_a2082952c25b45159265e4fb38493b54'">General and administrative</div></td><td style="width:1.02%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_a27c97673a1d4e5ca48c1331244af68a'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_2ed6028a21e64bed910476c7c4171e0c'">103</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_45d6549905084e0cbf7a01b1f12f470f'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_d283559ec43941049a2714d6a5eede03'">227</div></td><td style="width:1%; border-top:0.75pt solid #000000; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:1pt"><td style="width:71%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_c255c0ab9a664e42b7318dbbc41010d1'">Total</div></td><td style="width:1.02%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_2337917c95eb43d5b1babb48cb6f11d7'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_403071b84e1e48cebf525013069e9524'">103</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_5e62d71a2d6f44589c90ffde4c98b0d4'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_1f41f9d0a7ea472cac42f767e279d2bc'">227</div></td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding:0.75pt; vertical-align:top; background-color:#ffffff;"> </td></tr></tbody></table>

103

227

103

227

971000

P3Y

<table cellpadding="0" cellspacing="0" style="width:99.86%; border-collapse:collapse"><tbody><tr style="height:1pt"><td style="width:72%; border-bottom:0.75pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; padding:0.75pt; vertical-align:top"> </td><td style="width:12%; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><div style="-aw-sdt-tag:'C_b0c12193a0b142ffb97a83c0001a97ad'">Number of Units</div></td><td style="width:1%; vertical-align:bottom"> </td><td colspan="2" style="border-bottom:0.75pt solid #000000; padding-left:5.75pt; vertical-align:bottom"><div style="-aw-sdt-tag:'C_1d347d5e4aa6448583019e26e4b3a605'">Weighted Average Grant Date FV</div></td><td style="width:1%; padding:0.75pt; vertical-align:top"> </td></tr><tr style="height:1pt"><td style="width:72%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'e65-e32-d45-187-2c7d'">RSUs outstanding at January 1, 2025</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:12%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'50b-87b-783-eb1-2150'">255,716</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'542-05b-e1c-87f-85bc'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'9f6-703-559-b9a-1384'">4.13</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:1pt"><td style="width:72%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'1c3-fa7-96e-c2b-7c2e'">Granted</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:12%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'367-8e1-547-95f-98e7'">247,091</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'64c-b43-f90-653-0049'">$</div></td><td style="width:12%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'545-28f-dd2-98f-e0d8'">2.60</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:1pt"><td style="width:72%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'1d8-094-e7a-272-7bf5'">Vested</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:12%; vertical-align:bottom; background-color:#cceeff">(134,522)</td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'d45-df6-82c-361-d1d7'">$</div></td><td style="width:12%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'799-edd-67c-f40-4f04'">3.61</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:1pt"><td style="width:72%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'715-ac6-43c-a58-2607'">Forfeited</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:12%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff">(217,138)</td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'98e-d1d-85a-159-c1ba'">$</div></td><td style="width:12%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'484-605-fc0-013-cb6d'">5.51</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:1pt"><td style="width:72%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_02ac49cca081444cbf10202a906f78d0'">RSUs outstanding at December 31, 2025</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:12%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_53d436105c5a4f10bd5e93fc99fae97e'">151,147</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_418b096c816840299eaa1aa0721e814d'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_7566266901b746a9ad9f896eda2b79ba'"> 2.66</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:1pt"><td style="width:72%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'8db-8a1-10e-0a9-7964'">Granted</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:12%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'90f-e47-2a1-4b1-d078'">344,600</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'cb0-ca0-008-38a-a1ec'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'baa-3ed-71f-9be-0fa8'">3.85</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:1pt"><td style="width:72%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ed9-aa6-58e-201-ee98'">Vested</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:12%; vertical-align:bottom; background-color:#cceeff">(31,958)</td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ff8-b58-0a4-c36-51f7'">$</div></td><td style="width:12%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'572-ef5-ccd-77d-d15f'">3.61</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:1pt"><td style="width:72%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'e73-40a-6ef-920-b9ee'">Forfeited</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:12%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff">(6,875)</td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'7e4-5cd-3ff-29c-3c47'">$</div></td><td style="width:12%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'3a4-599-16c-425-9250'">1.56</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:1pt"><td style="width:72%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'30d-ac7-bef-09c-340f'">RSUs outstanding at March 31, 2026</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:12%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'06e-941-b93-8c9-cf4c'">456,914</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'cc0-af0-067-0b3-2506'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'f0c-2b8-299-cfb-ba7c'">3.51</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr></tbody></table>

255716

4.13

247091

2.6

134522

3.61

217138

5.51

151147

2.66

344600

3.85

31958

3.61

6875

1.56

456914

3.51

115000

140000

<table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:1pt"><td style="width:71%; vertical-align:bottom"> </td><td style="width:0.96%; padding:0.75pt; vertical-align:top"> </td><td colspan="5" style="border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_ab84df4ace834c1d94f14467c9bb54a1'">Three Months Ended March 31,</div></td><td style="width:1%; border-bottom:0.75pt solid #000000; padding:0.75pt; vertical-align:top"> </td></tr><tr style="height:1pt"><td style="width:71%; border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_5b8b162e985941e9a34cadfca86917f4'">(in thousands)</div></td><td style="width:0.96%; padding:0.75pt; vertical-align:top"> </td><td colspan="2" style="border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_a467974aabc74747ba180c13dda5c9bd'">2026</div></td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_06775e8cc44745dc9d73c1fdd147a60e'">2025</div></td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:0.75pt; vertical-align:top"> </td></tr><tr style="height:1pt"><td style="width:71%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_c851b440f7e346a2900d09bf8bf7c1f7'">General and administrative</div></td><td style="width:0.96%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_1703687e8c874d92b52d3276d677bd9e'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_9acaed419f934ed79b3e914f7a3453cb'">158</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_c25d2635141a4b938aab028fe64fb77f'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_fb4660a496734d6299fca1f3153735ad'">81</div></td><td style="width:1%; border-top:0.75pt solid #000000; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:1pt"><td style="width:71%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_06367c0faa4c42ef92d7ec823aa38c67'">Total</div></td><td style="width:0.96%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_290ec565192647fe8572516192e9ebac'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_4b0fceaee3324336b89f4137b9c07a77'">158</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_e559f4cdc54c4326bb3fb4f0ab43c177'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_4fa27e9c53c94cdcbdeb344887b01b9f'">81</div></td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding:0.75pt; vertical-align:top; background-color:#ffffff;"> </td></tr></tbody></table>

158000

81000

158000

81000

234100

1199000

320000

<table cellpadding="0" cellspacing="0" style="width:99.86%; border-collapse:collapse"><tbody><tr style="height:1pt"><td style="width:65%; padding-right:5.75pt; vertical-align:bottom"> </td><td style="width:1%; padding:0.75pt; vertical-align:top"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_41fc71cf9a52413db3e11a7438564210'"> Number of Shares </div></td><td style="width:1%; vertical-align:bottom"> </td><td colspan="2" style="border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_79b8d129492244a98000528186887470'"> Weighted-Average Exercise Price </div></td><td style="width:1%; vertical-align:bottom"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_0b6b8242a9304bdea29982718d22ecf7'"> Weighted-Average Remaining Contractual Term (In Years) </div></td><td style="width:1%; padding:0.75pt; vertical-align:top"> </td></tr><tr style="height:1pt"><td style="width:65%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'a9a-14e-bcc-7ef-3d0d'">Warrants outstanding - January 1, 2025</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'04f-16e-857-0b6-61fc'">101,672</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'252-8a9-191-f9c-3c63'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'f7c-fad-55e-4e6-f5c6'">7.06</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'4b3-1a4-26b-4b0-9cb8'">4.40</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:1pt"><td style="width:65%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'db7-339-c85-dfe-bb90'">Issued</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'3ab-bdb-f3a-53f-a2ae'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'4ea-086-053-824-c28b'">$</div></td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'723-081-348-61f-aa1b'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'0e1-ad5-b25-84e-18e6'">—</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:1pt"><td style="width:65%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_1a593fad674c479e8573989ac1c463d5'">Exercised</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_9a48c18c39d34292b4b031d1789503b1'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_2a483ab3625b498280b4941b62086d33'">$</div></td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_63b42cff7c494a25ba12f9053e3f4fc1'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_58dc85a78daf482180fc7f7267ac1a79'">—</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:1pt"><td style="width:65%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_a87d38e0ae8d444cbe78018b332388a4'">Expired</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_f7a18bebc3f14e3c9169ac4b1c1f58bc'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_412bb629bcf640ff816c1bb184d4fcd7'">$</div></td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_caac4dcf648d4b55bee3e84cad7d457e'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_c6cc751ba2834624a6d2b8aa77f53eba'">—</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:1pt"><td style="width:65%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_e1b19c9509b34d31a9a5bcf14c803512'">Warrants outstanding - December 31, 2025</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_38aa30170bc045a6a36a20399bc494a7'">101,672</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_8bdc59d15c9245f1b28e02f3421ed141'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_3cc2c8de6e55493a96b780d43188b4f9'">7.06</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_45f76805d6534f1e96cfff6d6b05c0a1'">2.92</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:1pt"><td style="width:65%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_20c5449ddcc2465ebdb1e42e0834dc12'">Issued</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_b9c8a7f3080a4608aeb3927f203e37fb'">94,625</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_09556c3c1f26444ab76465df088e3bac'">$</div></td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_b6eeb625103e43c683ae3f23af288639'">13.21</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_b5f6929094824652ae1f3cbed6e0d6ff'">4.81</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:1pt"><td style="width:65%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_a6770a5425e64dab8558acacb9f04051'">Exercised</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff">(55,000)</td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_87ac48c46f2b428f92315cce75970536'">$</div></td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_e871c156b9024467b314aee653644856'">10.00</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_7b0e1c9248b249b1bbd1ebdbb7f49ca0'">—</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:1pt"><td style="width:65%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'8d8-57d-a51-81b-1bd3'">Expired</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'2d7-0c7-778-698-cb7b'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'6ea-fcf-f2c-039-947f'">$</div></td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'45a-9b2-f84-2a1-3374'">—</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'e9d-23b-207-557-af6a'">—</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:1pt"><td style="width:65%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'4f3-0b9-932-bc9-4297'">Warrants outstanding - March 31, 2026</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:10%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'fe6-133-351-e9d-ea68'">141,297</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'163-f6b-0df-59a-807d'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'53b-110-c8b-4ca-2a27'">10.03</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'de0-e36-41b-aa4-5655'">3.75</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:1pt"><td style="width:65%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_4c49a38624c44c998d9dfba8cc61fe58'">Warrants exercisable - March 31, 2026</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_d2c93802b5314be68adf80e941d16f90'">141,297</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_ccf26ddd49e74582a2307af8a05dff4a'">$</div></td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_6224f670cec64ee68be45fba29d89c55'">10.03</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_640e9e956be0433f800aa64186136bae'">3.75</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr></tbody></table>

101672

7.06

P4Y4M24D

101672

7.06

P2Y11M1D

94625

13.21 P4Y9M21D

55000

141297

10.03

P3Y9M

141297 10.03 P3Y9M

Note 12 — Related party transactions Service Agreements The Company had previously entered into a Services Agreement with Spike Up, pursuant to which, among other things, Spike Up provides certain specified services to the Company, these include marketing and promotion and other operating support for the Company. For the three months ended March 31, 2026 and 2025, the Company generated no revenues related to the services performed by Spike Up for the Company. Included in net income from discontinued operations, net of taxes in the consolidated statements of operations for the three months ended March 31, 2025, $1.6 million. For the three months ended March 31, 2026 and 2025, the Company recognized $0.1 million and $0.7 million, respectively, for marketing and other operating costs performed by Spike Up on behalf of the Company, which was included in advertising and promotion in the unaudited condensed consolidated statements of operations. For the three months ended March 31, 2026 and 2025, the Company did not incur any costs from Spike Up related to services performed by Spike Up on behalf of the Company. Included in net income from discontinued operations, net of taxes in the consolidated statements of operations for the three months ended March 31, 2025, $0.02 million. For the three months ended March 31, 2026 and 2025, the Company also incurred other costs from Spike Up that were included in the consolidated statement of operations, consisting of $0.2 million and $0.3 million, respectively, included in direct operating costs. For the three months ended March 31, 2025, $1.1 million, is included in net income for discontinued operations, net of taxes, respectively. Happy Hour Solutions Ltd., a company registered in Cyprus and, until the company acquired Happy Hour Solutions Ltd. on December 31, 2025, a subsidiary of Happy Hour Entertainment Holdings Ltd., is the holder of an Estonian gaming license, and as of October 21, 2021 entered into a Services Agreement with HR Entertainment Ltd., a company registered in the British Virgin Islands, whereby Happy Hour Solutions would provide gaming and technical and solutions, as well as hosting and cloud services, customer services, management information systems and other operational services for HR Entertainment. We entered into several agreements with Happy Hour Solutions Ltd., including:  a Domain License Agreement, dated January 1, 2022 (which we refer to as the “Effective Date”), that gives Happy Hour Solutions the right to use our domain:  a Nominee Agreement, dated as of the Effective Date, which allows Happy Hour Solutions to, among other business solutions, process payments made on the aforementioned domain and allows us to host, manage, administer, operate and support, and enter into contracts in the ordinary course of business in the name of Happy Hour Solutions; and  in an March 2024 Online Gaming Operations Agreement, by which as further described therein we continue to supply Happy Hour Solutions, with services that commenced as of the Effective Date, related to the operation of an online casino primarily through our existing personnel, technical solutions, and commercial relationships while utilizing the Happy Hour Solutions Estonian gaming license and to recognize the revenues generated thereof as agreed upon by the parties. <div style="-aw-sdt-tag:'82e-f1f-e4f-82c-7936'"></div><div style="-aw-sdt-tag:'82e-f1f-e4f-82c-7936'"></div> The Happy Hour Solutions Agreements collectively allow HR Entertainment access to additional online gaming revenues. As of March 2024, Happy Hour Solutions Limited entered into a nominee agreement with Interstellar Entertainment N.V., a wholly owned subsidiary of High Roller Technologies Inc. For the three months ended March 31, 2026 and 2025, the Company did not recognize any costs and an immaterial amount, respectively, for services performed for the Company by Happy Hour Entertainment Holdings and its wholly owned subsidiaries which was included in general and administrative expenses in condensed consolidated statements of operations. Happy Hour Solutions Limited was acquired by the Company on December 31, 2025. Due From/Due to Affiliates The components of related party balances included in due from affiliates and due to affiliates on the unaudited condensed consolidated balance sheets as of March 31, 2026, and December 31, 2025, are summarized as follows: <div style="-aw-sdt-tag:'97d-91a-a00-3ab-8943'; -aw-sdt-title:'Related Party Transactions T1'"><table cellpadding="0" cellspacing="0" style="width:99.86%; border-collapse:collapse"><tbody><tr style="height:14.5pt"><td style="width:71.18%; vertical-align:middle"> </td><td style="width:0.74%; padding:0.75pt; vertical-align:top"> </td><td colspan="2" style="vertical-align:bottom"><div style="-aw-sdt-tag:'7a7-9e7-975-eeb-2f5f'">March 31,</div></td><td style="width:1%; vertical-align:bottom"> </td><td colspan="2" style="vertical-align:bottom"><div style="-aw-sdt-tag:'a12-4ea-60b-4b0-d5c1'">December 31,</div></td><td style="width:1%; padding:0.75pt; vertical-align:top"> </td></tr><tr style="height:9.15pt"><td style="width:71.18%; border-bottom:0.75pt solid #000000; padding-right:5.75pt; vertical-align:bottom"><div style="-aw-sdt-tag:'C_f11d787ddd41489e9610c370dac9f95f'">(in thousands)</div></td><td style="width:0.74%; padding:0.75pt; vertical-align:top"> </td><td colspan="3" style="vertical-align:bottom"><div style="-aw-sdt-tag:'C_18ec49172786435cbee38a6c452117fd'">2026</div></td><td style="width:1%; vertical-align:bottom"> </td><td style="width:12%; border-bottom:0.75pt solid #000000; padding:0.75pt; vertical-align:bottom; -aw-border-bottom:0.5pt single">2025</td><td style="width:1%; padding:0.75pt; vertical-align:top"> </td></tr><tr style="height:4.5pt"><td style="width:71.18%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_019ef7d04c8c45cc9d8d8d829489e004'">Due to affiliates</div></td><td style="width:0.74%; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff; -aw-border-top:0.5pt single"> </td><td style="width:12%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff; -aw-border-top:0.5pt single"> </td><td style="width:1%; vertical-align:middle; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:12%; border-top:0.75pt solid #000000; padding-left:5.75pt; vertical-align:bottom; background-color:#ffffff; -aw-border-top:0.5pt single"> </td><td style="width:1%; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:7.65pt"><td style="width:71.18%; padding-right:5.75pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'7c6-46d-a9a-c1b-5352'">Spike Up</div></td><td style="width:0.74%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'010-c2f-769-b58-971d'">$</div></td><td style="width:12%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'a11-db1-3a1-8f4-530d'">1,912</div></td><td style="width:1%; vertical-align:middle; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'7ce-0a8-ce3-48d-95c9'">$</div></td><td style="width:12%; padding-left:5.75pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'766-bdc-559-9b8-2725'">1,993</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:6.9pt"><td style="width:71.18%; padding-right:5.75pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_0c9cdf1a93534028a3612c5d25adb23e'">Total due to affiliates</div></td><td style="width:0.74%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_409fdfe76dfc4390990745ab6ffacb87'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_5a9a4281a42f4f47bccf6b13b0767c2e'">1,912</div></td><td style="width:1%; vertical-align:middle; background-color:#ffffff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_311ce8134842412696f467e52f610c0e'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding-left:5.75pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_ac7b4afbd7c74fed973b398e9d1b2126'">1,993</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr></tbody></table></div>

1600000

100000

700000

20000.00

200000

300000

1100000

<table cellpadding="0" cellspacing="0" style="width:99.86%; border-collapse:collapse"><tbody><tr style="height:14.5pt"><td style="width:71.18%; vertical-align:middle"> </td><td style="width:0.74%; padding:0.75pt; vertical-align:top"> </td><td colspan="2" style="vertical-align:bottom"><div style="-aw-sdt-tag:'7a7-9e7-975-eeb-2f5f'">March 31,</div></td><td style="width:1%; vertical-align:bottom"> </td><td colspan="2" style="vertical-align:bottom"><div style="-aw-sdt-tag:'a12-4ea-60b-4b0-d5c1'">December 31,</div></td><td style="width:1%; padding:0.75pt; vertical-align:top"> </td></tr><tr style="height:9.15pt"><td style="width:71.18%; border-bottom:0.75pt solid #000000; padding-right:5.75pt; vertical-align:bottom"><div style="-aw-sdt-tag:'C_f11d787ddd41489e9610c370dac9f95f'">(in thousands)</div></td><td style="width:0.74%; padding:0.75pt; vertical-align:top"> </td><td colspan="3" style="vertical-align:bottom"><div style="-aw-sdt-tag:'C_18ec49172786435cbee38a6c452117fd'">2026</div></td><td style="width:1%; vertical-align:bottom"> </td><td style="width:12%; border-bottom:0.75pt solid #000000; padding:0.75pt; vertical-align:bottom; -aw-border-bottom:0.5pt single">2025</td><td style="width:1%; padding:0.75pt; vertical-align:top"> </td></tr><tr style="height:4.5pt"><td style="width:71.18%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_019ef7d04c8c45cc9d8d8d829489e004'">Due to affiliates</div></td><td style="width:0.74%; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff; -aw-border-top:0.5pt single"> </td><td style="width:12%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff; -aw-border-top:0.5pt single"> </td><td style="width:1%; vertical-align:middle; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:12%; border-top:0.75pt solid #000000; padding-left:5.75pt; vertical-align:bottom; background-color:#ffffff; -aw-border-top:0.5pt single"> </td><td style="width:1%; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:7.65pt"><td style="width:71.18%; padding-right:5.75pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'7c6-46d-a9a-c1b-5352'">Spike Up</div></td><td style="width:0.74%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'010-c2f-769-b58-971d'">$</div></td><td style="width:12%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'a11-db1-3a1-8f4-530d'">1,912</div></td><td style="width:1%; vertical-align:middle; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'7ce-0a8-ce3-48d-95c9'">$</div></td><td style="width:12%; padding-left:5.75pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'766-bdc-559-9b8-2725'">1,993</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:6.9pt"><td style="width:71.18%; padding-right:5.75pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_0c9cdf1a93534028a3612c5d25adb23e'">Total due to affiliates</div></td><td style="width:0.74%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_409fdfe76dfc4390990745ab6ffacb87'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_5a9a4281a42f4f47bccf6b13b0767c2e'">1,912</div></td><td style="width:1%; vertical-align:middle; background-color:#ffffff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_311ce8134842412696f467e52f610c0e'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding-left:5.75pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_ac7b4afbd7c74fed973b398e9d1b2126'">1,993</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr></tbody></table>

1912000

1993000

1912000

1993000

16000

17000

-0.0056

-0.0045

0.21

P6Y

P3Y 15000 0.03 <table cellpadding="0" cellspacing="0" style="width:99.86%; border-collapse:collapse"><tbody><tr style="height:3.4pt"><td style="width:71%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td style="width:0.92%; padding:0.75pt; vertical-align:top"> </td><td colspan="2" style="vertical-align:bottom"><div style="-aw-sdt-tag:'043-b35-d56-fc4-7d37'">March 31,</div></td><td style="width:0.92%; vertical-align:bottom"> </td><td colspan="2" style="vertical-align:bottom"><div style="-aw-sdt-tag:'db8-4e4-7f9-bec-b24f'">December 31,</div></td><td style="width:0.9%; padding:0.75pt; vertical-align:top"> </td></tr><tr style="height:7.8pt"><td style="width:71%; border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_8011e8bca18a4db7b2de5aa7f3c40b49'">(in thousands)</div></td><td style="width:0.92%; padding:0.75pt; vertical-align:top"> </td><td colspan="2" style="border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'C_1e560ba753644ec4bd9fd50d4a38182c'">2026</div></td><td style="width:0.92%; padding:0.75pt; vertical-align:bottom"> </td><td colspan="2" style="border-bottom:0.75pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'3e1-7fc-0f5-35e-1e4f'">2025</div></td><td style="width:0.9%; padding:0.75pt; vertical-align:top"> </td></tr><tr style="height:10.8pt"><td style="width:71%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_f3b101c6a33e4454b8d3580ca295c53e'">Malta Office</div></td><td style="width:0.92%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:12%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_0b131dbdafd14bfab46ec60193781e4d'">755</div></td><td style="width:0.92%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:12%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'C_017e4181c2a04d96baa87d2efdb66ad0'">826</div></td><td style="width:0.9%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:11.4pt"><td style="width:71%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_10038387ac314b59bb026a520954648e'">Operating lease, right-of-use asset, net</div></td><td style="width:0.92%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_67e6ad6c672f4680b755b43fb5619b13'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_9beac26713fb4c7f97ea59a21552eacb'">755</div></td><td style="width:0.92%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_4114eb07f32c4426a822ba34e1d6c7a4'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_538bf22ee548418eb2823e052d1efa7d'">826</div></td><td style="width:0.9%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr></tbody></table>

755000

826000

755000

826000

60000.00

<table cellpadding="0" cellspacing="0" style="width:99.86%; border-collapse:collapse"><tbody><tr style="height:9.9pt"><td style="width:85%; padding-right:5.75pt; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_64d416f6ad9d436da96008b24aacbd4c'">Year ending December 31,</div></td><td style="width:0.88%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:0.92%; vertical-align:middle; background-color:#cceeff"> </td><td style="width:12%; vertical-align:middle; background-color:#cceeff"> </td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:7.65pt"><td style="width:85%; padding-right:5.75pt; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_ff7c2756fb4e4112bb94d7a0f75c9421'">2026 (remainder)</div></td><td style="width:0.88%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:0.92%; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_abe0d41e9523457394beddd4b21e31df'">$</div></td><td style="width:12%; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_f88196fecea94e52a15fb3989bc6fbc3'">164</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:9.45pt"><td style="width:85%; padding-right:5.75pt; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'f2e-380-c7e-38f-1a0d'">2027</div></td><td style="width:0.88%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:0.92%; vertical-align:middle; background-color:#cceeff"> </td><td style="width:12%; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'616-72d-5e7-198-4a54'">232</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:7.2pt"><td style="width:85%; padding-right:5.75pt; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'aca-453-c2a-d98-207e'">2028</div></td><td style="width:0.88%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:0.92%; vertical-align:middle; background-color:#ffffff"> </td><td style="width:12%; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'729-0c6-08a-30c-bcb8'">238</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:9pt"><td style="width:85%; padding-right:5.75pt; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'7ce-e1d-b2b-71a-bfdc'">2029</div></td><td style="width:0.88%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:0.92%; vertical-align:middle; background-color:#cceeff"> </td><td style="width:12%; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'996-340-739-0ec-9d1b'">245</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:7.8pt"><td style="width:85%; padding-right:5.75pt; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_7c43605752f54b2394acfbfec0506aed'">Total</div></td><td style="width:0.88%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:0.92%; border-top:0.75pt solid #000000; vertical-align:middle; background-color:#ffffff"> </td><td style="width:12%; border-top:0.75pt solid #000000; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_96cdf5d59eca4b2cb5b40a41563f79c3'">879</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr><tr style="height:9.9pt"><td style="width:85%; padding-right:5.75pt; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_7d591a1533fb4aad9a333f838b371d82'">Less: Present value discount</div></td><td style="width:0.88%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:0.92%; border-bottom:0.75pt solid #000000; vertical-align:middle; background-color:#cceeff"> </td><td style="width:12%; border-bottom:0.75pt solid #000000; vertical-align:middle; background-color:#cceeff">(81)</td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td></tr><tr style="height:6.9pt"><td style="width:85%; padding-right:5.75pt; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_73bc77d1e4804cc796b6e54b003feba0'">Lease obligations, net</div></td><td style="width:0.88%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:0.92%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_970d9072257743d595999272b332b434'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_f230582c53594e7880481e4db3b0080f'">798</div></td><td style="width:1%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td></tr></tbody></table>

164000

232000

238000

245000

879000

81000

798000

P3Y9M18D

0.045

NOTE 16 — SEGMENT REPORTING For the three months ended March 31, 2026 and 2025, management has determined that the Company functions as a single operating segment, and thus reports as a single reportable segment. This determination is based on rules prescribed by GAAP applied to the manner in which management operates the Company. In particular, management assessed the discrete financial information routinely reviewed by the Company’s chief operating decision maker (“CODM”), its Chief Executive Officer, to monitor the Company’s operating performance and support decisions regarding allocation of resources to its operations. Specifically, performance is continuously monitored at the consolidated level as the Company is engaged in essentially the same business, which focuses on providing an online gaming casino to customers. The CODM evaluates the financial performance of the Company primarily by evaluating revenue (as disclosed on the consolidated statements of operations), adjusted EBITDA (a non-GAAP measure), and cash provided by operating activities (as disclosed on the consolidated statements of cash flows) to assess the Company's results and in the determination of allocating resources. For the three months ended March 31, 2026 and 2025 adjusted EBITDA was $(1,280) thousand and $(2,973) thousand, respectively. The CODM may use disaggregated revenue metrics to evaluate game offerings, active user count, and customer retention, among other things. Adjusted EBITDA and cash provided by operating activities are reviewed to assess allocation of resources. The significant expenses reviewed by the CODM are direct operating expenses, advertising and promotion expenses, and general and administrative expenses as presented on the consolidated statements of operations. Adjusted EBITDA The table below presents the Company's Adjusted EBITDA reconciled to our net loss, which is the most directly comparable financial measure calculated in accordance with U.S. GAAP, for the periods indicated: <div style="-aw-sdt-tag:'f31-6ad-5c4-e88-bfc7'"><div style="-aw-sdt-tag:'4fc-6c8-34c-7a2-1f6f'; -aw-sdt-title:'Segment Reporting T1'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:6.5pt"><td style="width:71%; padding-right:5.75pt; vertical-align:middle"> </td><td style="width:0.68%; padding:0.75pt 2.9pt; vertical-align:top"> </td><td colspan="5" style="border-bottom:0.75pt solid #000000; vertical-align:middle; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'50f-c2d-290-efa-ce46'">For the Three Months Ended March 31,</div></td><td style="width:1.12%; vertical-align:middle"> </td></tr><tr style="height:6.5pt"><td style="width:71%; border-bottom:0.75pt solid #000000; padding-right:5.75pt; vertical-align:middle; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'C_4f4bca065c574cd1a531076423a8e13e'">(in thousands)</div></td><td style="width:0.68%; padding:0.75pt 2.9pt; vertical-align:top"> </td><td colspan="2" style="border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:middle; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'C_fef2272e66984569bff016238fe77455'">2026</div></td><td style="width:1%; border-top:0.75pt solid #000000; padding:0.75pt 2.9pt; vertical-align:middle; -aw-border-top:0.5pt single"> </td><td colspan="2" style="border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:middle; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'760-5c0-bd7-31a-2d26'">2025</div></td><td style="width:1.12%; vertical-align:middle"> </td></tr><tr style="height:6.5pt"><td style="width:71%; border-top:0.75pt solid #000000; padding-right:5.75pt; vertical-align:middle; background-color:#cceeff; -aw-border-top:0.5pt single"> </td><td style="width:0.68%; padding:0.75pt 2.9pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:middle; background-color:#cceeff"> </td><td style="width:12%; padding-left:5.75pt; vertical-align:middle; background-color:#cceeff"> </td><td style="width:1%; padding-right:2.9pt; padding-left:2.9pt; vertical-align:middle; background-color:#cceeff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:middle; background-color:#cceeff"> </td><td style="width:12%; border-top:0.75pt solid #000000; padding-left:5.75pt; vertical-align:middle; background-color:#cceeff"> </td><td style="width:1.12%; padding-right:5.75pt; vertical-align:middle; background-color:#cceeff"> </td></tr><tr style="height:6.5pt"><td style="width:71%; padding-right:5.75pt; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_45814aeadcc647138ff30b08663ebebb'">Revenues</div></td><td style="width:0.68%; padding:0.75pt 2.9pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_aa025a9bc4da4bb884ea120e171610bf'">$</div></td><td style="width:12%; padding-left:5.75pt; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_4fb8e3e52cc84e7289ff8262fa47aebd'">3,366</div></td><td style="width:1%; padding-right:2.9pt; padding-left:2.9pt; vertical-align:middle; background-color:#ffffff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_df3e383713ab40d3b404142e17061591'">$</div></td><td style="width:12%; padding-left:5.75pt; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_c8b3b20df9894d72afa662c18051d55e'">5,195</div></td><td style="width:1.12%; padding-right:5.75pt; vertical-align:middle; background-color:#ffffff"> </td></tr><tr style="height:6.5pt"><td style="width:71%; padding-right:5.75pt; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'499-157-879-312-be81'">Net loss from continuing operations</div></td><td style="width:0.68%; padding:0.75pt 2.9pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:middle; background-color:#cceeff"> </td><td style="width:12%; padding-left:5.75pt; vertical-align:middle; background-color:#cceeff">(2,966)</td><td style="width:1%; padding-right:2.9pt; padding-left:2.9pt; vertical-align:middle; background-color:#cceeff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:middle; background-color:#cceeff"> </td><td style="width:12%; padding-left:5.75pt; vertical-align:middle; background-color:#cceeff">(3,725)</td><td style="width:1.12%; padding-right:5.75pt; vertical-align:middle; background-color:#cceeff"> </td></tr><tr style="height:6.5pt"><td style="width:71%; padding-right:5.75pt; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'ce7-d80-fd5-dc3-8a14'">Net income from discontinued operations net of taxes</div></td><td style="width:0.68%; padding:0.75pt 2.9pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:middle; background-color:#ffffff"> </td><td style="width:12%; padding-left:5.75pt; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'9bb-b49-f7a-b4a-cc6a'">—</div></td><td style="width:1%; padding-right:2.9pt; padding-left:2.9pt; vertical-align:middle; background-color:#ffffff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:middle; background-color:#ffffff"> </td><td style="width:12%; padding-left:5.75pt; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'613-301-424-675-ab35'">449</div></td><td style="width:1.12%; padding-right:5.75pt; vertical-align:middle; background-color:#ffffff"> </td></tr><tr style="height:6.5pt"><td style="width:71%; padding-right:5.75pt; vertical-align:middle; background-color:#cceeff"> </td><td style="width:0.68%; padding:0.75pt 2.9pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:middle; background-color:#cceeff"> </td><td style="width:12%; padding-left:5.75pt; vertical-align:middle; background-color:#cceeff"> </td><td style="width:1%; padding-right:2.9pt; padding-left:2.9pt; vertical-align:middle; background-color:#cceeff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:middle; background-color:#cceeff"> </td><td style="width:12%; padding-left:5.75pt; vertical-align:middle; background-color:#cceeff"> </td><td style="width:1.12%; padding-right:5.75pt; vertical-align:middle; background-color:#cceeff"> </td></tr><tr style="height:6.5pt"><td style="width:71%; padding-right:5.75pt; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_37a73097ab194d2b9d20db50eee2f257'">Add back items:</div></td><td style="width:0.68%; padding:0.75pt 2.9pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:middle; background-color:#ffffff"> </td><td style="width:12%; padding-left:5.75pt; vertical-align:middle; background-color:#ffffff"> </td><td style="width:1%; padding-right:2.9pt; padding-left:2.9pt; vertical-align:middle; background-color:#ffffff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:middle; background-color:#ffffff"> </td><td style="width:12%; padding-left:5.75pt; vertical-align:middle; background-color:#ffffff"> </td><td style="width:1.12%; padding-right:5.75pt; vertical-align:middle; background-color:#ffffff"> </td></tr><tr style="height:6.5pt"><td style="width:71%; padding-right:5.75pt; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_1ed105d7ea6a4ff2a607fb91af06a604'">Stock-based compensation expense (1)</div></td><td style="width:0.68%; padding:0.75pt 2.9pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:middle; background-color:#cceeff"> </td><td style="width:12%; padding-left:5.75pt; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_91b078e3dd2f42768853457bad67d6b4'">260</div></td><td style="width:1%; padding-right:2.9pt; padding-left:2.9pt; vertical-align:middle; background-color:#cceeff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:middle; background-color:#cceeff"> </td><td style="width:12%; padding-left:5.75pt; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_7af402045e9f49c385db91a28125cea2'">308</div></td><td style="width:1.12%; padding-right:5.75pt; vertical-align:middle; background-color:#cceeff"> </td></tr><tr style="height:6.5pt"><td style="width:71%; padding-right:5.75pt; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'c5c-f03-6c8-021-70bc'">Issuance of warrants</div></td><td style="width:0.68%; padding:0.75pt 2.9pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:middle; background-color:#ffffff"> </td><td style="width:12%; padding-left:5.75pt; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'435-4ae-bb3-6eb-8545'">1,003</div></td><td style="width:1%; padding-right:2.9pt; padding-left:2.9pt; vertical-align:middle; background-color:#ffffff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:middle; background-color:#ffffff"> </td><td style="width:12%; padding-left:5.75pt; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'ca4-2b8-dbf-ca8-fc08'">—</div></td><td style="width:1.12%; padding-right:5.75pt; vertical-align:middle; background-color:#ffffff"> </td></tr><tr style="height:6.5pt"><td style="width:71%; padding-right:5.75pt; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_94a4b21f2b4c4538b43f2649a77555f2'">Depreciation and amortization (2)</div></td><td style="width:0.68%; padding:0.75pt 2.9pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:middle; background-color:#cceeff"> </td><td style="width:12%; padding-left:5.75pt; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_0f628a9a67e54593bc04e7d7b71759ae'">71</div></td><td style="width:1%; padding-right:2.9pt; padding-left:2.9pt; vertical-align:middle; background-color:#cceeff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:middle; background-color:#cceeff"> </td><td style="width:12%; padding-left:5.75pt; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_ab2089f3cd0c4616b95a8f1160ee3e36'">76</div></td><td style="width:1.12%; padding-right:5.75pt; vertical-align:middle; background-color:#cceeff"> </td></tr><tr style="height:6.5pt"><td style="width:71%; padding-right:5.75pt; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_098340e65eed4e07b8a80ddd8cc68268'">Interest expense, net</div></td><td style="width:0.68%; padding:0.75pt 2.9pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:middle; background-color:#ffffff"> </td><td style="width:12%; padding-left:5.75pt; vertical-align:middle; background-color:#ffffff">(46)</td><td style="width:1%; padding-right:2.9pt; padding-left:2.9pt; vertical-align:middle; background-color:#ffffff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:middle; background-color:#ffffff"> </td><td style="width:12%; padding-left:5.75pt; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_13ba09ca00e348ad85ee0d2e27f444fd'">46</div></td><td style="width:1.12%; padding-right:5.75pt; vertical-align:middle; background-color:#ffffff"> </td></tr><tr style="height:6.5pt"><td style="width:71%; padding-right:5.75pt; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_e1157025e715417cabbe44ba39502a77'">Income tax</div></td><td style="width:0.68%; padding:0.75pt 2.9pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:middle; background-color:#cceeff"> </td><td style="width:12%; padding-left:5.75pt; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_b8287b60fb094980a0ef4c6ab2796ae7'">16</div></td><td style="width:1%; padding-right:2.9pt; padding-left:2.9pt; vertical-align:middle; background-color:#cceeff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:middle; background-color:#cceeff"> </td><td style="width:12%; padding-left:5.75pt; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_f117ba7c163b4692987ce573f27fa76a'">17</div></td><td style="width:1.12%; padding-right:5.75pt; vertical-align:middle; background-color:#cceeff"> </td></tr><tr style="height:6.5pt"><td style="width:71%; padding-right:5.75pt; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_67a10b1ac72347b2ae7c6eed5aef2f7a'">Foreign exchange transaction loss</div></td><td style="width:0.68%; padding:0.75pt 2.9pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:middle; background-color:#ffffff"> </td><td style="width:12%; padding-left:5.75pt; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_ce4cf090209941d5af3f68bfde242f68'">72</div></td><td style="width:1%; padding-right:2.9pt; padding-left:2.9pt; vertical-align:middle; background-color:#ffffff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:middle; background-color:#ffffff"> </td><td style="width:12%; padding-left:5.75pt; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_8f5030da543f47f49f1da6e7667d61e3'">178</div></td><td style="width:1.12%; padding-right:5.75pt; vertical-align:middle; background-color:#ffffff"> </td></tr><tr style="height:6.5pt"><td style="width:71%; padding-right:5.75pt; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_3c5368516c2b478e9c238edd786d05d8'">Other (3)</div></td><td style="width:0.68%; padding:0.75pt 2.9pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; padding-right:1.45pt; vertical-align:middle; background-color:#cceeff"> </td><td style="width:12%; border-bottom:0.75pt solid #000000; padding-left:5.75pt; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_2aa7b59f16114ddfabfca00cbbd9ba7c'">310</div></td><td style="width:1%; padding-right:2.9pt; padding-left:2.9pt; vertical-align:middle; background-color:#cceeff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; padding-right:1.45pt; vertical-align:middle; background-color:#cceeff"> </td><td style="width:12%; border-bottom:0.75pt solid #000000; padding-left:5.75pt; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_f3fe886b5735499ba64e53011c3f6740'">127</div></td><td style="width:1.12%; padding-right:5.75pt; vertical-align:middle; background-color:#cceeff"> </td></tr><tr style="height:6.5pt"><td style="width:71%; padding-right:5.75pt; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_9188f5746e8148eda58c5736d20ff441'">Adjusted EBITDA</div></td><td style="width:0.68%; padding:0.75pt 2.9pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding-right:1.45pt; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_c6efb4ed123443c782d8e90731954442'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding-left:5.75pt; vertical-align:middle; background-color:#ffffff">(1,280)</td><td style="width:1%; padding-right:2.9pt; padding-left:2.9pt; vertical-align:middle; background-color:#ffffff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding-right:1.45pt; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_cd557dd60a7f4704a86ac7761f9e0c0d'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding-left:5.75pt; vertical-align:middle; background-color:#ffffff">(2,973)</td><td style="width:1.12%; padding-right:5.75pt; vertical-align:middle; background-color:#ffffff"> </td></tr></tbody></table></div> <table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr><td style="width:100%; vertical-align:top">(1) Includes restricted shares, stock options, equity-settled restricted share units, cash-settled restricted share units and equity-settled performance-based restricted share units granted to employees and directors (including related employer payroll taxes).</td></tr><tr style="height:19.8pt"><td style="width:100%; vertical-align:top">(2) Includes amortization of intangible assets generated through business acquisitions and depreciation of property and equipment, amortization of contract costs, and amortization of internally developed software and other intangible assets. Excludes amortization of right of use assets.</td></tr><tr><td style="width:100%; vertical-align:top">(3) Includes severance costs and non-recurring compensation.</td></tr></tbody></table></div> Management further determined that, based on their economic similarities, the Company’s operating subsidiaries, representing components, should be aggregated into one reporting unit for purposes of assessing potential impairment of goodwill in accordance with ASC 350 Intangibles - Goodwill and Other. These legal entities represent acquisitions that occurred over time pursuant to the Company’s strategic growth strategy. There have been no changes in the Company’s segment structure during the three months ended March 31, 2026 and 2025.

-1280000 -2973000

<div style="-aw-sdt-tag:'4fc-6c8-34c-7a2-1f6f'; -aw-sdt-title:'Segment Reporting T1'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:6.5pt"><td style="width:71%; padding-right:5.75pt; vertical-align:middle"> </td><td style="width:0.68%; padding:0.75pt 2.9pt; vertical-align:top"> </td><td colspan="5" style="border-bottom:0.75pt solid #000000; vertical-align:middle; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'50f-c2d-290-efa-ce46'">For the Three Months Ended March 31,</div></td><td style="width:1.12%; vertical-align:middle"> </td></tr><tr style="height:6.5pt"><td style="width:71%; border-bottom:0.75pt solid #000000; padding-right:5.75pt; vertical-align:middle; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'C_4f4bca065c574cd1a531076423a8e13e'">(in thousands)</div></td><td style="width:0.68%; padding:0.75pt 2.9pt; vertical-align:top"> </td><td colspan="2" style="border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:middle; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'C_fef2272e66984569bff016238fe77455'">2026</div></td><td style="width:1%; border-top:0.75pt solid #000000; padding:0.75pt 2.9pt; vertical-align:middle; -aw-border-top:0.5pt single"> </td><td colspan="2" style="border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:middle; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'760-5c0-bd7-31a-2d26'">2025</div></td><td style="width:1.12%; vertical-align:middle"> </td></tr><tr style="height:6.5pt"><td style="width:71%; border-top:0.75pt solid #000000; padding-right:5.75pt; vertical-align:middle; background-color:#cceeff; -aw-border-top:0.5pt single"> </td><td style="width:0.68%; padding:0.75pt 2.9pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:middle; background-color:#cceeff"> </td><td style="width:12%; padding-left:5.75pt; vertical-align:middle; background-color:#cceeff"> </td><td style="width:1%; padding-right:2.9pt; padding-left:2.9pt; vertical-align:middle; background-color:#cceeff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:middle; background-color:#cceeff"> </td><td style="width:12%; border-top:0.75pt solid #000000; padding-left:5.75pt; vertical-align:middle; background-color:#cceeff"> </td><td style="width:1.12%; padding-right:5.75pt; vertical-align:middle; background-color:#cceeff"> </td></tr><tr style="height:6.5pt"><td style="width:71%; padding-right:5.75pt; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_45814aeadcc647138ff30b08663ebebb'">Revenues</div></td><td style="width:0.68%; padding:0.75pt 2.9pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_aa025a9bc4da4bb884ea120e171610bf'">$</div></td><td style="width:12%; padding-left:5.75pt; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_4fb8e3e52cc84e7289ff8262fa47aebd'">3,366</div></td><td style="width:1%; padding-right:2.9pt; padding-left:2.9pt; vertical-align:middle; background-color:#ffffff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_df3e383713ab40d3b404142e17061591'">$</div></td><td style="width:12%; padding-left:5.75pt; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_c8b3b20df9894d72afa662c18051d55e'">5,195</div></td><td style="width:1.12%; padding-right:5.75pt; vertical-align:middle; background-color:#ffffff"> </td></tr><tr style="height:6.5pt"><td style="width:71%; padding-right:5.75pt; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'499-157-879-312-be81'">Net loss from continuing operations</div></td><td style="width:0.68%; padding:0.75pt 2.9pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:middle; background-color:#cceeff"> </td><td style="width:12%; padding-left:5.75pt; vertical-align:middle; background-color:#cceeff">(2,966)</td><td style="width:1%; padding-right:2.9pt; padding-left:2.9pt; vertical-align:middle; background-color:#cceeff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:middle; background-color:#cceeff"> </td><td style="width:12%; padding-left:5.75pt; vertical-align:middle; background-color:#cceeff">(3,725)</td><td style="width:1.12%; padding-right:5.75pt; vertical-align:middle; background-color:#cceeff"> </td></tr><tr style="height:6.5pt"><td style="width:71%; padding-right:5.75pt; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'ce7-d80-fd5-dc3-8a14'">Net income from discontinued operations net of taxes</div></td><td style="width:0.68%; padding:0.75pt 2.9pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:middle; background-color:#ffffff"> </td><td style="width:12%; padding-left:5.75pt; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'9bb-b49-f7a-b4a-cc6a'">—</div></td><td style="width:1%; padding-right:2.9pt; padding-left:2.9pt; vertical-align:middle; background-color:#ffffff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:middle; background-color:#ffffff"> </td><td style="width:12%; padding-left:5.75pt; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'613-301-424-675-ab35'">449</div></td><td style="width:1.12%; padding-right:5.75pt; vertical-align:middle; background-color:#ffffff"> </td></tr><tr style="height:6.5pt"><td style="width:71%; padding-right:5.75pt; vertical-align:middle; background-color:#cceeff"> </td><td style="width:0.68%; padding:0.75pt 2.9pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:middle; background-color:#cceeff"> </td><td style="width:12%; padding-left:5.75pt; vertical-align:middle; background-color:#cceeff"> </td><td style="width:1%; padding-right:2.9pt; padding-left:2.9pt; vertical-align:middle; background-color:#cceeff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:middle; background-color:#cceeff"> </td><td style="width:12%; padding-left:5.75pt; vertical-align:middle; background-color:#cceeff"> </td><td style="width:1.12%; padding-right:5.75pt; vertical-align:middle; background-color:#cceeff"> </td></tr><tr style="height:6.5pt"><td style="width:71%; padding-right:5.75pt; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_37a73097ab194d2b9d20db50eee2f257'">Add back items:</div></td><td style="width:0.68%; padding:0.75pt 2.9pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:middle; background-color:#ffffff"> </td><td style="width:12%; padding-left:5.75pt; vertical-align:middle; background-color:#ffffff"> </td><td style="width:1%; padding-right:2.9pt; padding-left:2.9pt; vertical-align:middle; background-color:#ffffff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:middle; background-color:#ffffff"> </td><td style="width:12%; padding-left:5.75pt; vertical-align:middle; background-color:#ffffff"> </td><td style="width:1.12%; padding-right:5.75pt; vertical-align:middle; background-color:#ffffff"> </td></tr><tr style="height:6.5pt"><td style="width:71%; padding-right:5.75pt; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_1ed105d7ea6a4ff2a607fb91af06a604'">Stock-based compensation expense (1)</div></td><td style="width:0.68%; padding:0.75pt 2.9pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:middle; background-color:#cceeff"> </td><td style="width:12%; padding-left:5.75pt; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_91b078e3dd2f42768853457bad67d6b4'">260</div></td><td style="width:1%; padding-right:2.9pt; padding-left:2.9pt; vertical-align:middle; background-color:#cceeff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:middle; background-color:#cceeff"> </td><td style="width:12%; padding-left:5.75pt; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_7af402045e9f49c385db91a28125cea2'">308</div></td><td style="width:1.12%; padding-right:5.75pt; vertical-align:middle; background-color:#cceeff"> </td></tr><tr style="height:6.5pt"><td style="width:71%; padding-right:5.75pt; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'c5c-f03-6c8-021-70bc'">Issuance of warrants</div></td><td style="width:0.68%; padding:0.75pt 2.9pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:middle; background-color:#ffffff"> </td><td style="width:12%; padding-left:5.75pt; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'435-4ae-bb3-6eb-8545'">1,003</div></td><td style="width:1%; padding-right:2.9pt; padding-left:2.9pt; vertical-align:middle; background-color:#ffffff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:middle; background-color:#ffffff"> </td><td style="width:12%; padding-left:5.75pt; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'ca4-2b8-dbf-ca8-fc08'">—</div></td><td style="width:1.12%; padding-right:5.75pt; vertical-align:middle; background-color:#ffffff"> </td></tr><tr style="height:6.5pt"><td style="width:71%; padding-right:5.75pt; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_94a4b21f2b4c4538b43f2649a77555f2'">Depreciation and amortization (2)</div></td><td style="width:0.68%; padding:0.75pt 2.9pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:middle; background-color:#cceeff"> </td><td style="width:12%; padding-left:5.75pt; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_0f628a9a67e54593bc04e7d7b71759ae'">71</div></td><td style="width:1%; padding-right:2.9pt; padding-left:2.9pt; vertical-align:middle; background-color:#cceeff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:middle; background-color:#cceeff"> </td><td style="width:12%; padding-left:5.75pt; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_ab2089f3cd0c4616b95a8f1160ee3e36'">76</div></td><td style="width:1.12%; padding-right:5.75pt; vertical-align:middle; background-color:#cceeff"> </td></tr><tr style="height:6.5pt"><td style="width:71%; padding-right:5.75pt; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_098340e65eed4e07b8a80ddd8cc68268'">Interest expense, net</div></td><td style="width:0.68%; padding:0.75pt 2.9pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:middle; background-color:#ffffff"> </td><td style="width:12%; padding-left:5.75pt; vertical-align:middle; background-color:#ffffff">(46)</td><td style="width:1%; padding-right:2.9pt; padding-left:2.9pt; vertical-align:middle; background-color:#ffffff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:middle; background-color:#ffffff"> </td><td style="width:12%; padding-left:5.75pt; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_13ba09ca00e348ad85ee0d2e27f444fd'">46</div></td><td style="width:1.12%; padding-right:5.75pt; vertical-align:middle; background-color:#ffffff"> </td></tr><tr style="height:6.5pt"><td style="width:71%; padding-right:5.75pt; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_e1157025e715417cabbe44ba39502a77'">Income tax</div></td><td style="width:0.68%; padding:0.75pt 2.9pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:middle; background-color:#cceeff"> </td><td style="width:12%; padding-left:5.75pt; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_b8287b60fb094980a0ef4c6ab2796ae7'">16</div></td><td style="width:1%; padding-right:2.9pt; padding-left:2.9pt; vertical-align:middle; background-color:#cceeff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:middle; background-color:#cceeff"> </td><td style="width:12%; padding-left:5.75pt; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_f117ba7c163b4692987ce573f27fa76a'">17</div></td><td style="width:1.12%; padding-right:5.75pt; vertical-align:middle; background-color:#cceeff"> </td></tr><tr style="height:6.5pt"><td style="width:71%; padding-right:5.75pt; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_67a10b1ac72347b2ae7c6eed5aef2f7a'">Foreign exchange transaction loss</div></td><td style="width:0.68%; padding:0.75pt 2.9pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:middle; background-color:#ffffff"> </td><td style="width:12%; padding-left:5.75pt; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_ce4cf090209941d5af3f68bfde242f68'">72</div></td><td style="width:1%; padding-right:2.9pt; padding-left:2.9pt; vertical-align:middle; background-color:#ffffff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:middle; background-color:#ffffff"> </td><td style="width:12%; padding-left:5.75pt; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_8f5030da543f47f49f1da6e7667d61e3'">178</div></td><td style="width:1.12%; padding-right:5.75pt; vertical-align:middle; background-color:#ffffff"> </td></tr><tr style="height:6.5pt"><td style="width:71%; padding-right:5.75pt; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_3c5368516c2b478e9c238edd786d05d8'">Other (3)</div></td><td style="width:0.68%; padding:0.75pt 2.9pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; padding-right:1.45pt; vertical-align:middle; background-color:#cceeff"> </td><td style="width:12%; border-bottom:0.75pt solid #000000; padding-left:5.75pt; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_2aa7b59f16114ddfabfca00cbbd9ba7c'">310</div></td><td style="width:1%; padding-right:2.9pt; padding-left:2.9pt; vertical-align:middle; background-color:#cceeff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; padding-right:1.45pt; vertical-align:middle; background-color:#cceeff"> </td><td style="width:12%; border-bottom:0.75pt solid #000000; padding-left:5.75pt; vertical-align:middle; background-color:#cceeff"><div style="-aw-sdt-tag:'C_f3fe886b5735499ba64e53011c3f6740'">127</div></td><td style="width:1.12%; padding-right:5.75pt; vertical-align:middle; background-color:#cceeff"> </td></tr><tr style="height:6.5pt"><td style="width:71%; padding-right:5.75pt; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_9188f5746e8148eda58c5736d20ff441'">Adjusted EBITDA</div></td><td style="width:0.68%; padding:0.75pt 2.9pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding-right:1.45pt; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_c6efb4ed123443c782d8e90731954442'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding-left:5.75pt; vertical-align:middle; background-color:#ffffff">(1,280)</td><td style="width:1%; padding-right:2.9pt; padding-left:2.9pt; vertical-align:middle; background-color:#ffffff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding-right:1.45pt; vertical-align:middle; background-color:#ffffff"><div style="-aw-sdt-tag:'C_cd557dd60a7f4704a86ac7761f9e0c0d'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding-left:5.75pt; vertical-align:middle; background-color:#ffffff">(2,973)</td><td style="width:1.12%; padding-right:5.75pt; vertical-align:middle; background-color:#ffffff"> </td></tr></tbody></table></div> <table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr><td style="width:100%; vertical-align:top">(1) Includes restricted shares, stock options, equity-settled restricted share units, cash-settled restricted share units and equity-settled performance-based restricted share units granted to employees and directors (including related employer payroll taxes).</td></tr><tr style="height:19.8pt"><td style="width:100%; vertical-align:top">(2) Includes amortization of intangible assets generated through business acquisitions and depreciation of property and equipment, amortization of contract costs, and amortization of internally developed software and other intangible assets. Excludes amortization of right of use assets.</td></tr><tr><td style="width:100%; vertical-align:top">(3) Includes severance costs and non-recurring compensation.</td></tr></tbody></table>

3366000

5195000

-2966000

-3725000

449000

260000

308000

1003000 0

71000

76000

-46000

46000

16000

17000

-72000 -178000

310000

127000

-1280000 -2973000

NOTE 17 — DISCONTINUED OPERATIONSOn December 31, 2025, the Company agreed to assign and transfer to Happy Hour Entertainment Holdings Ltd. the domain name www. casinoroom.com and all variations and extensions the “Casino Room Domain”. In exchange for the Casino Room Domain, the Company received 100% of the issued and allotted share capital of Happy Hour Solutions Limited, which holds a valid remote gambling license issued by the Estonian Tax and Customs Board.The sale of the Casino Room Domain represents a strategic shift for the Company. Income from discontinued operations of $1.6 million, for a total net income of $0.4 million, which was recorded in net income from discontinued operations in the consolidated statement of operations for the period ended March 31, 2025. There were no assets and liabilities related to the Casino Room Domain in the balance sheet as of March 31, 2026 and December 31, 2025.The following table summarizes the Company’s income from discontinued operations for the period ended March 31, 2025:<div style="-aw-sdt-tag:'839-51b-a6c-98c-2840'; -aw-sdt-title:'Discontinued operations T1'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:12.25pt"><td style="width:85%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'b33-660-223-5f7-2219'">(in thousands)</div></td><td style="width:1.16%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td colspan="2" style="border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'9b7-c2f-bf1-227-7a1e'">2025</div></td><td style="width:0.76%; vertical-align:bottom; background-color:#ffffff"> </td></tr><tr style="height:12.25pt"><td style="width:85%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'b5e-b00-f8e-970-edbf'">Revenue</div></td><td style="width:1.16%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'a00-efc-09d-ced-8bb7'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'d24-74a-b04-be1-73fa'">1,575</div></td><td style="width:0.76%; vertical-align:bottom; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:85%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1.16%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:12%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:0.76%; vertical-align:bottom; background-color:#ffffff"> </td></tr><tr style="height:12.25pt"><td style="width:85%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ff9-fa1-b24-85a-fa3b'">Operating expenses</div></td><td style="width:1.16%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:12%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:0.76%; vertical-align:bottom; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:85%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'bf5-e0a-c0b-ca7-4b91'">Direct operating costs</div></td><td style="width:1.16%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:12%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'9d8-ce7-f38-509-be51'">—</div></td><td style="width:0.76%; vertical-align:bottom; background-color:#ffffff"> </td></tr><tr style="height:12.25pt"><td style="width:85%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'7a0-795-86f-67b-03d7'">Direct operating costs (related party)</div></td><td style="width:1.16%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:12%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'289-12e-882-875-3d5f'">1,092</div></td><td style="width:0.76%; vertical-align:bottom; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:85%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'dce-323-3a4-e0c-0273'">General and administrative</div></td><td style="width:1.16%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:12%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'670-494-4c1-9eb-85e8'">22</div></td><td style="width:0.76%; vertical-align:bottom; background-color:#ffffff"> </td></tr><tr style="height:12.25pt"><td style="width:85%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'224-932-97f-e82-056f'">General and administrative (related party)</div></td><td style="width:1.16%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:12%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'4cf-c1e-704-2c1-2aff'">12</div></td><td style="width:0.76%; vertical-align:bottom; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:85%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'e2f-ec8-c39-6dd-bf5e'">Advertising and promotions</div></td><td style="width:1.16%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff; -aw-border-bottom:0.5pt single"> </td><td style="width:12%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'a31-bd3-75a-7ff-24c2'">—</div></td><td style="width:0.76%; vertical-align:bottom; background-color:#ffffff"> </td></tr><tr style="height:12.25pt"><td style="width:85%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'76c-f7e-241-4e7-3a18'">Total operating expenses</div></td><td style="width:1.16%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff; -aw-border-bottom:0.5pt single; -aw-border-top:0.5pt single"> </td><td style="width:12%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff; -aw-border-bottom:0.5pt single; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'b85-2fb-fe7-259-2383'">1,126</div></td><td style="width:0.76%; vertical-align:bottom; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:85%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'843-61f-c84-f57-0d96'">Income from operations</div></td><td style="width:1.16%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff; -aw-border-bottom:0.5pt single; -aw-border-top:0.5pt single"> </td><td style="width:12%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff; -aw-border-bottom:0.5pt single; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'b12-705-a54-1a0-6318'">449</div></td><td style="width:0.76%; vertical-align:bottom; background-color:#ffffff"> </td></tr><tr style="height:12.25pt"><td style="width:85%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1.16%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff; -aw-border-top:0.5pt single"> </td><td style="width:12%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff; -aw-border-top:0.5pt single"> </td><td style="width:0.76%; vertical-align:bottom; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:85%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'429-8cc-fec-2ba-6a51'">Interest expense, net</div></td><td style="width:1.16%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:12%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'484-82f-105-22a-153d'">—</div></td><td style="width:0.76%; vertical-align:bottom; background-color:#ffffff"> </td></tr><tr style="height:12.25pt"><td style="width:85%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'673-c7a-191-17f-2c5f'">Loss on disposition</div></td><td style="width:1.16%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:12%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'1a6-e4d-46a-884-dbb2'">—</div></td><td style="width:0.76%; vertical-align:bottom; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:85%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'b49-e8d-c70-6e1-0466'">Reclassification of accumulated other comprehensive income balance</div></td><td style="width:1.16%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff; -aw-border-bottom:0.5pt single"> </td><td style="width:12%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'6f6-96f-080-384-2efa'">—</div></td><td style="width:0.76%; vertical-align:bottom; background-color:#ffffff"> </td></tr><tr style="height:12.25pt"><td style="width:85%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1.16%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff; -aw-border-top:0.5pt single"> </td><td style="width:12%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff; -aw-border-top:0.5pt single"> </td><td style="width:0.76%; vertical-align:bottom; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:85%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'c63-9c3-7c3-803-d17e'">Income before income taxes</div></td><td style="width:1.16%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:12%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'357-f38-c28-261-fb86'">449</div></td><td style="width:0.76%; vertical-align:bottom; background-color:#ffffff"> </td></tr><tr style="height:12.25pt"><td style="width:85%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'8c8-e7a-39f-405-7bc7'">Income tax expense</div></td><td style="width:1.16%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff; -aw-border-bottom:0.5pt single"> </td><td style="width:12%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'6dc-8db-2dd-d56-6299'">—</div></td><td style="width:0.76%; vertical-align:bottom; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:85%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'4ba-4b8-631-e72-d3aa'">Net income from discontinued operations</div></td><td style="width:1.16%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'acc-d28-4d7-d76-8e88'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'52e-418-0aa-791-84e4'">449</div></td><td style="width:0.76%; vertical-align:bottom; background-color:#ffffff"> </td></tr></tbody></table></div> The consolidated statements of cash flows includes continuing operations and discontinued operations. The following table summarizes the cash flows from operations of discontinued operations for the period ended March 31, 2025: <div style="-aw-sdt-tag:'9fb-c66-8e5-520-b70a'; -aw-sdt-title:'Discontinued operations T2'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:12.25pt"><td style="width:85.22%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'120-2aa-296-665-03d7'">(in thousands)</div></td><td style="width:1.14%; vertical-align:bottom; background-color:#ffffff"> </td><td colspan="2" style="vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'290-97b-4fb-64c-ddf6'">2025</div></td><td style="width:1.14%; vertical-align:bottom; background-color:#ffffff"> </td></tr><tr style="height:12.25pt"><td style="width:85.22%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'538-18a-a40-283-423c'">Net cash provided by (used in) operating activities</div></td><td style="width:1.14%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'17f-e99-e01-961-5a73'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'a76-b2d-d98-481-bc66'">56</div></td><td style="width:1.14%; vertical-align:bottom; background-color:#cceeff"> </td></tr></tbody></table></div>

1600000

400000

<table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:12.25pt"><td style="width:85%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'b33-660-223-5f7-2219'">(in thousands)</div></td><td style="width:1.16%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td colspan="2" style="border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'9b7-c2f-bf1-227-7a1e'">2025</div></td><td style="width:0.76%; vertical-align:bottom; background-color:#ffffff"> </td></tr><tr style="height:12.25pt"><td style="width:85%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'b5e-b00-f8e-970-edbf'">Revenue</div></td><td style="width:1.16%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'a00-efc-09d-ced-8bb7'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'d24-74a-b04-be1-73fa'">1,575</div></td><td style="width:0.76%; vertical-align:bottom; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:85%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1.16%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:12%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:0.76%; vertical-align:bottom; background-color:#ffffff"> </td></tr><tr style="height:12.25pt"><td style="width:85%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ff9-fa1-b24-85a-fa3b'">Operating expenses</div></td><td style="width:1.16%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:12%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:0.76%; vertical-align:bottom; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:85%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'bf5-e0a-c0b-ca7-4b91'">Direct operating costs</div></td><td style="width:1.16%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:12%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'9d8-ce7-f38-509-be51'">—</div></td><td style="width:0.76%; vertical-align:bottom; background-color:#ffffff"> </td></tr><tr style="height:12.25pt"><td style="width:85%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'7a0-795-86f-67b-03d7'">Direct operating costs (related party)</div></td><td style="width:1.16%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:12%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'289-12e-882-875-3d5f'">1,092</div></td><td style="width:0.76%; vertical-align:bottom; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:85%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'dce-323-3a4-e0c-0273'">General and administrative</div></td><td style="width:1.16%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:12%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'670-494-4c1-9eb-85e8'">22</div></td><td style="width:0.76%; vertical-align:bottom; background-color:#ffffff"> </td></tr><tr style="height:12.25pt"><td style="width:85%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'224-932-97f-e82-056f'">General and administrative (related party)</div></td><td style="width:1.16%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:12%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'4cf-c1e-704-2c1-2aff'">12</div></td><td style="width:0.76%; vertical-align:bottom; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:85%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'e2f-ec8-c39-6dd-bf5e'">Advertising and promotions</div></td><td style="width:1.16%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff; -aw-border-bottom:0.5pt single"> </td><td style="width:12%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'a31-bd3-75a-7ff-24c2'">—</div></td><td style="width:0.76%; vertical-align:bottom; background-color:#ffffff"> </td></tr><tr style="height:12.25pt"><td style="width:85%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'76c-f7e-241-4e7-3a18'">Total operating expenses</div></td><td style="width:1.16%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff; -aw-border-bottom:0.5pt single; -aw-border-top:0.5pt single"> </td><td style="width:12%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff; -aw-border-bottom:0.5pt single; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'b85-2fb-fe7-259-2383'">1,126</div></td><td style="width:0.76%; vertical-align:bottom; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:85%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'843-61f-c84-f57-0d96'">Income from operations</div></td><td style="width:1.16%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff; -aw-border-bottom:0.5pt single; -aw-border-top:0.5pt single"> </td><td style="width:12%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff; -aw-border-bottom:0.5pt single; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'b12-705-a54-1a0-6318'">449</div></td><td style="width:0.76%; vertical-align:bottom; background-color:#ffffff"> </td></tr><tr style="height:12.25pt"><td style="width:85%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1.16%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff; -aw-border-top:0.5pt single"> </td><td style="width:12%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff; -aw-border-top:0.5pt single"> </td><td style="width:0.76%; vertical-align:bottom; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:85%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'429-8cc-fec-2ba-6a51'">Interest expense, net</div></td><td style="width:1.16%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:12%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'484-82f-105-22a-153d'">—</div></td><td style="width:0.76%; vertical-align:bottom; background-color:#ffffff"> </td></tr><tr style="height:12.25pt"><td style="width:85%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'673-c7a-191-17f-2c5f'">Loss on disposition</div></td><td style="width:1.16%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:12%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'1a6-e4d-46a-884-dbb2'">—</div></td><td style="width:0.76%; vertical-align:bottom; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:85%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'b49-e8d-c70-6e1-0466'">Reclassification of accumulated other comprehensive income balance</div></td><td style="width:1.16%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff; -aw-border-bottom:0.5pt single"> </td><td style="width:12%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#ffffff; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'6f6-96f-080-384-2efa'">—</div></td><td style="width:0.76%; vertical-align:bottom; background-color:#ffffff"> </td></tr><tr style="height:12.25pt"><td style="width:85%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1.16%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff; -aw-border-top:0.5pt single"> </td><td style="width:12%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff; -aw-border-top:0.5pt single"> </td><td style="width:0.76%; vertical-align:bottom; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:85%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'c63-9c3-7c3-803-d17e'">Income before income taxes</div></td><td style="width:1.16%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:12%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'357-f38-c28-261-fb86'">449</div></td><td style="width:0.76%; vertical-align:bottom; background-color:#ffffff"> </td></tr><tr style="height:12.25pt"><td style="width:85%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'8c8-e7a-39f-405-7bc7'">Income tax expense</div></td><td style="width:1.16%; padding:0.75pt; vertical-align:top; background-color:#cceeff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff; -aw-border-bottom:0.5pt single"> </td><td style="width:12%; border-bottom:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'6dc-8db-2dd-d56-6299'">—</div></td><td style="width:0.76%; vertical-align:bottom; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:85%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'4ba-4b8-631-e72-d3aa'">Net income from discontinued operations</div></td><td style="width:1.16%; padding:0.75pt; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'acc-d28-4d7-d76-8e88'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'52e-418-0aa-791-84e4'">449</div></td><td style="width:0.76%; vertical-align:bottom; background-color:#ffffff"> </td></tr></tbody></table>

1575000

1092000

22000

12000

1126000

449000

0 0

449000

<table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:12.25pt"><td style="width:85.22%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'120-2aa-296-665-03d7'">(in thousands)</div></td><td style="width:1.14%; vertical-align:bottom; background-color:#ffffff"> </td><td colspan="2" style="vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'290-97b-4fb-64c-ddf6'">2025</div></td><td style="width:1.14%; vertical-align:bottom; background-color:#ffffff"> </td></tr><tr style="height:12.25pt"><td style="width:85.22%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'538-18a-a40-283-423c'">Net cash provided by (used in) operating activities</div></td><td style="width:1.14%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'17f-e99-e01-961-5a73'">$</div></td><td style="width:12%; border-top:0.75pt solid #000000; vertical-align:bottom; background-color:#cceeff; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'a76-b2d-d98-481-bc66'">56</div></td><td style="width:1.14%; vertical-align:bottom; background-color:#cceeff"> </td></tr></tbody></table>

56000

On April 14, 2026, the Company entered into a Mutual Collaboration Agreement (the "Collaboration Agreement") with Foris DAX Markets, Inc., d/b/a Crypto.com, and its affiliates, including North American Derivatives Exchange, Inc. d/b/a Crypto.com | Derivatives North America ("CDNA") and Foris DAX FCM, LLC. Pursuant to the Collaboration Agreement, the Company will serve as a guaranteed introducing broker for the purpose of soliciting customers to trade event-based derivative contracts in CDNA's Predictions product class (the "Predictions Contracts") on the CDNA trading system. The Company is responsible for, among other things, developing, implementing, and maintaining a technology platform, available as a mobile application, through which end-user customers may access and trade Predictions Contracts. CDNA will be the exclusive provider of Predictions Contracts through the Company's technology in the United States for the first 24 months of the term of the Collaboration Agreement. The Collaboration Agreement has an initial term of two years, with automatic renewal for a 12-month period, unless terminated earlier in accordance with its provisions.On April 14, 2026, the Company entered into a Mutual Collaboration Agreement (the "Collaboration Agreement") with Foris DAX Markets, Inc., d/b/a Crypto.com, and its affiliates, including North American Derivatives Exchange, Inc. d/b/a Crypto.com | Derivatives North America ("CDNA") and Foris DAX FCM, LLC.Pursuant to the Collaboration Agreement, the Company initially will serve as a guaranteed introducing broker and plans to procure an introducing broker license shortly thereafter, for the purpose of soliciting customers to trade event-based derivative contracts in CDNA's Predictions product class (the "Predictions Contracts") on the CDNA trading system. The Company is responsible for, among other things, developing, implementing, and maintaining a technology platform, available as a mobile application, through which end-user customers may access and trade Predictions Contracts. CDNA will be the exclusive provider of Predictions Contracts through the Company's technology in the United States for the first 24 months of the term of the Collaboration Agreement. The Collaboration Agreement has an initial term of two years, with automatic renewal for a 12-month period, unless terminated earlier in accordance with its provisions. Includes restricted shares, stock options, equity-settled restricted share units, cash-settled restricted share units and equity-settled performance-based restricted share units granted to employees and directors (including related employer payroll taxes). Includes amortization of intangible assets generated through business acquisitions and depreciation of property and equipment, amortization of contract costs, and amortization of internally developed software and other intangible assets. Excludes amortization of right of use assets. Includes severance costs and non-recurring compensation.