| Schedule of Revenue by Geographic Region |
The
Company’s disaggregation of revenue by major product offering is consistent with its presentation on the Company’s consolidated
statements of operations. The table below provides the Company’s total revenue by geographic region based on the location of the
customer (in thousands):
Schedule of Revenue by Geographic Region
| | |
2026 | | |
2025 | |
| | |
Three Months Ended March 31, | |
| | |
2026 | | |
2025 | |
| Americas | |
$ | 91 | | |
$ | 119 | |
| Rest of World | |
| 5 | | |
| 18 | |
| Total | |
$ | 96 | | |
$ | 137 | |
|
The
Company’s disaggregation of revenue by major product offering is consistent with its presentation on the Company’s consolidated
statements of operations. The table below provides the Company’s total revenue by geographic region based on the location of the
customer (in thousands):
Schedule of Revenue by Geographic Region
| | |
2025 | | |
2024 | |
| | |
Year Ended December 31, | |
| | |
2025 | | |
2024 | |
| Americas | |
$ | 608 | | |
$ | 401 | |
| Europe and Middle East | |
| 695 | | |
| 242 | |
| Asia Pacific | |
| 56 | | |
| - | |
| Total | |
$ | 1,359 | | |
$ | 643 | |
|
| Schedule of Aggregate Percentage Revenue and Accounts Receivable |
|
Schedule
of Aggregate Percentage Revenue and Accounts Receivable
| | |
2025 | | |
2024 | |
| | |
Year Ended December 31, | |
| | |
2025 | | |
2024 | |
| Customer 1 | |
| 21 | % | |
| - | % |
| Customer 2 | |
| 15 | % | |
| - | % |
| Customer 3 | |
| 12 | % | |
| - | % |
| Customer 4 | |
| - | % | |
| 35 | % |
| Customer 5 | |
| - | % | |
| 17 | % |
| Aggregate percent of revenue | |
| 48 | % | |
| 52 | % |
As
of December 31, 2025, there were three customers that accounted for more than 10% of the Company’s accounts receivable balance.
As of December 31, 2024, there were two customers that accounted for more than 10% of the Company’s accounts receivable balance.
The following table represents these customers’ aggregate percentage of total accounts receivable:
| | |
2025 | | |
2024 | |
| | |
As of December 31, | |
| | |
2025 | | |
2024 | |
| Customer 1 | |
| 18 | % | |
| - | % |
| Customer 2 | |
| 17 | % | |
| -37 | % |
| Customer 3 | |
| 16 | % | |
| - | % |
| Customer 4 | |
| - | % | |
| 17 | % |
| Aggregate percent of accounts receivable | |
| 51 | % | |
| 54 | % |
|
| Schedule of Antidilutive Earnings Per Share |
Schedule of Antidilutive Earnings Per Share
| | |
2026 | | |
2025 | |
| | |
Three Months Ended March 31, | |
| | |
2026 | | |
2025 | |
| Restricted stock units | |
| 2,099,586 | | |
| 1,912,895 | |
| Warrants for Common Stock | |
| 12,364,114 | | |
| 12,364,114 | |
| Convertible debt | |
| - | | |
| 5,468,831 | |
| Deferred underwriter fees | |
| - | | |
| 3,174,999 | |
| Loan extensions | |
| 330,000 | | |
| 3,274,182 | |
| Total common stock equivalents | |
| 14,793,700 | | |
| 26,195,021 | |
|
As
a result of the Company reporting net loss attributable to common stockholders for all periods presented herein, the following common
stock equivalents were excluded from the computation of diluted net loss per common share for the years ended December 31, 2025 and 2024
because including them would have been antidilutive (in thousands):
Schedule of Antidilutive Earnings Per Share
| | |
2025 | | |
2024 | |
| | |
Year Ended December 31, | |
| | |
2025 | | |
2024 | |
| Restricted stock units | |
| 3,211,252 | | |
| 1,625,404 | |
| Convertible debt | |
| - | | |
| 8,549,417 | |
| Warrants for common stock | |
| 12,314,114 | | |
| 12,364,114 | |
| Deferred underwriter fees | |
| - | | |
| 3,174,999 | |
| Loan extensions | |
| 330,000 | | |
| 3,274,182 | |
| Total common stock equivalents | |
| 15,855,366 | | |
| 28,988,116 | |
|