v3.26.1
Fair Value Measurement
 12 Months Ended
Dec. 31, 2025
FairValueMeasurementLineItems [Line Items]  
Fair Value Measurement

5. Fair Value of Financial Assets and Liabilities

 

The following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis and indicate the level of the fair value hierarchy utilized to determine such fair values (in thousands):

 

 

    Level 1    Level 2    Level 3    Total 
    Fair Value Measurements      
    as of December 31, 2025 Using:      
    Level 1    Level 2    Level 3    Total 
Assets:                    
Cash equivalents  $—   $—   $—   $— 
Total Assets  $—   $—   $—   $— 

 

   Level 1   Level 2   Level 3   Total 
   Fair Value Measurements     
   as of December 31, 2024 Using:     
   Level 1   Level 2   Level 3   Total 
Assets:                
Cash equivalents  $3,044   $—   $—   $3,044 
Total Assets  $3,044   $—   $—   $3,044 

 
Future NRG Sdn. Bhd. [Member]  
FairValueMeasurementLineItems [Line Items]  
Fair Value Measurement

12. FAIR VALUE MEASUREMENT

 

The Group applies the following fair value hierarchy: Level 1 — quoted prices in active markets; Level 2 — observable inputs other than Level 1; Level 3 — unobservable inputs reflecting management’s assumptions.

 

The Group had no financial assets or liabilities measured at fair value on a recurring basis as of December 31, 2025 or 2024. The carrying amounts of cash and cash equivalents, accounts receivable, and accounts payable approximate fair value due to their short-term nature.