Acquisitions (Tables)

3 Months Ended

Mar. 31, 2026

Restructuring Cost and Reserve [Line Items]

Schedule of Consideration Transferred and Recognized Amounts of Identifiable Assets Acquired and Liabilities Assumed

The table below summarizes the consideration transferred to Ergatta shareholders on March 11, 2026:


(in thousands)	Ergatta
Cash	$	2,075
Senior secured note		1,899
Series D-1 preferred stock		7,676
Contingent consideration		1,587
Other liabilities assumed		173
Total consideration	$	13,410


(in thousands)	As of March 11, 2026
Cash	$	363
Accounts receivable		151
Inventories		664
Prepaid expenses and other current assets		338
Vendor deposits		740
Property and equipment		50
Other assets		13
Intangible assets		9,800
Total assets acquired	$	12,119
Accounts payable		(216	)
Accrued expenses and other current liabilities		(305	)
Deferred revenue		(3,333	)
Total identifiable net assets acquired		8,265
Goodwill		5,145
Total identifiable net assets acquired and goodwill		13,410

Ergatta and Wattbike [Member]

Restructuring Cost and Reserve [Line Items]

Schedule of Unaudited Financial Information

The following unaudited pro forma summary presents condensed consolidated information of the Company including Ergatta and Wattbike, acquired on July 1, 2025, as if these acquisitions had occurred as of January 1, 2025, the earliest year presented herein:


	Proforma
	Three Months Ended March 31,
	2026			2025
	(in thousands)
Revenue	$	7,742		$	8,531
Operating Loss		(3,876	)		(6,431	)
Net Loss		(10,739	)		(7,452	)
Net loss per share – basic and diluted	$	(10.23	)	$	(195.90	)
Weighted average common stock outstanding – basic and diluted		1,049,454			38,041

Ergatta Acquisition [Member]

Restructuring Cost and Reserve [Line Items]

Schedule of Unaudited Financial Information

The following unaudited condensed consolidated results of operations for Ergatta are included in the condensed consolidated statements of loss for the three months ended March 31, 2026.


	Three Months Ended March 31,

	2026
Revenue	$	552
Operating Loss		(113	)
Net Loss		(182	)

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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