v3.26.1
Redeemable Convertible Preferred Stock and Stockholders’ Deficit (Tables)
 3 Months Ended 12 Months Ended
Mar. 31, 2026
Dec. 31, 2025
Gravitics Inc [Member]    
Schedule Redeemable Convertible Preferred Stock

The redeemable convertible preferred stock consisted of the following at March 31, 2026 and December 31, 2025 (dollar amounts in thousands):

   As of March 31, 2026 
   Authorized Shares   Issued and Outstanding Shares   Liquidation Value   Carrying Value 
Series Seed-I   1,442,006    1,375,958   $12,890   $8,554 
Series Seed-II   1,280,902    1,280,902    1,500    2,600 
Series Seed-III   1,528,560    1,528,560    4,475    4,616 
Series A-I   4,073,456    4,073,456    29,868    19,634 
Series A-II   738,035    738,035    5,263    4,037 
Series A-III   1,121,204    1,121,204    7,731    8,196 
Total   10,184,163    10,118,115   $61,727   $47,637 

 

   As of December 31, 2025 
   Authorized Shares   Issued and Outstanding Shares   Liquidation Value   Carrying Value 
Series Seed-I   3,202,357    1,375,958   $12,890   $8,554 
Series Seed-II   1,280,902    1,280,902    1,500    2,600 
Series Seed-III   1,528,560    1,528,560    4,475    4,616 
Total   6,011,819    4,185,420   $18,865   $15,770 

The redeemable convertible preferred stock consisted of the following at each of December 31, 2025 and 2024 (dollar amounts in thousands):

  

Authorized

Shares

  

Issued and

Outstanding

Shares

  

Liquidation

Value

  

Carrying

Value

 
Series Seed-I   3,202,357    1,375,958   $12,890   $8,554 
Series Seed-II   1,280,902    1,280,902    1,500    2,600 
Series Seed-III   1,528,560    1,528,560    4,475    4,616 
Total   6,011,819    4,185,420   $18,865   $15,770