v3.26.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities    
Net loss $ (6,198) $ (1,700)
Adjustment to reconcile net loss to net cash provided by / (used in) operating activities    
Depreciation and amortization 810 12
Change in fair value 2,435
Common stock issued for services 88
Amortization of debt discount 223
Other income (110)
Stock compensation expenses 36
Interest expenses 89
Interest expenses settled by equity 316
Bad debt expense 125
Increase in:    
Accounts receivable (1,542) (797)
Other current assets (1,284) (785)
Due from affiliates (1,448)
Accounts payable (280) (820)
Other current liabilities (1,019) (572)
Net cash used in operating activities (6,864) (5,557)
Cash flows from investing activities    
Purchase of furniture and equipment (22)
Acquisition of Teyame (6,000)  
Net cash used in investing activities (6,022)
Cash flows from financing activities    
Net proceeds from short-term borrowing 548 186
Net proceeds from long-term debt 269
Decrease in other long-term liability (137)
Repayment of convertible note (1,500)
Proceeds from equity issuance 8,881 13,677
Interest paid (83)
Net cash provided by financing activities 9,478 12,363
Cumulative translation adjustment 98
Net increase / (decrease) in cash and cash equivalents (3,310) 6,806
Cash and cash equivalents at the beginning of the year 7,625 20
Cash and cash equivalents at the end of the period 4,315 6,826
Supplementary disclosure of cash flows information    
Interest 413
Conversion of debt to equity 10,165 1,191
Acquisition of Teyame (see note 5[B] for details) $ 41,000