v3.26.1
Consolidated Statements of Cash Flows
$ in Thousands
 12 Months Ended
Dec. 31, 2025
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:  
Net loss $ (4,228)
Adjustments to reconcile net loss to net cash used in operating activities:  
Right of use asset amortization expense 27
Provision for credit losses 303
Change in fair value of SAFE liability 176
Changes in operating assets and liabilities:  
Accounts receivable 1,741
Network financing receivable (778)
Inventories 602
Prepaid expenses and other assets (293)
Lease right-of-use lease liabilities payments (26)
Net investment in lease 48
Accounts payable (101)
Accrued expenses and other current liabilities 420
Deferred revenue (3,021)
Related party payables (582)
Net cash used in operating activities (5,712)
CASH FLOWS FROM FINANCING ACTIVITIES:  
Payment of other deferred offering costs (357)
Repurchase of shares under put option (2,000)
Proceeds from related party debt 1,281
Repayment of related party debt (2,705)
Proceeds from payment of stock subscription receivable 30
Proceeds from SAFE issuance 1,000
Net cash provided by (used in) financing activities 11,579
NET CHANGE IN CASH 5,867
CASH, beginning of period 287
CASH, end of period 6,154
SUPPLEMENTAL NON-CASH DISCLOSURE OF INVESTING AND FINANCING ACTIVITIES:  
Lease liabilities arising from obtaining right-of-use asset 25
SAFE Conversion to equity at initial public offering 1,176
SUPPLEMENTAL CASH FLOW INFORMATION:  
Cash payments for income taxes 4
Cash payments for interest 476
Initial public offering  
CASH FLOWS FROM FINANCING ACTIVITIES:  
Net proceeds 13,753
Over-allotment  
CASH FLOWS FROM FINANCING ACTIVITIES:  
Net proceeds $ 577