v3.26.1
Short-term borrowings (Tables) - Gravitics Inc [Member]
3 Months Ended 12 Months Ended
Mar. 31, 2026
Dec. 31, 2025
Schedule of Short term Borrowings

 

  

As of

March 31,

  

As of

December 31,

 
   2026   2025 
Due to related parties  $-   $45 
Due to employees   -    28 
Third party borrowings   337    300 
Total short-term borrowings  $337   $373 

The following table summarizes the outstanding borrowings as of December 31, 2025 and 2024 (amounts in thousands):

 

   2025   2024 
   December 31, 
   2025   2024 
Due to related parties  $45   $- 
Due to employees   28    - 
Third party borrowings   300    300 
Total short-term borrowings  $373   $300 
Schedule of Lease Cost

The components of lease cost for the three months ended March 31, 2026 and 2025 were as follows (amounts in thousands):

   2026   2025 
  

For the Three Months Ended

March 31,

 
   2026   2025 
Operating lease cost  $176   $176 
Variable lease cost   58    13 
Total lease cost  $234   $189 

The components of lease cost for the years ended December 31, 2025 and 2024 were as follows (amounts in thousands):

   2025   2024 
   Year Ended December 31, 
   2025   2024 
Operating lease cost  $702   $702 
Variable lease cost   134    228 
Total lease cost  $836   $930 
Schedule of Other Information Related Lease

Other information related to leases are as follows (amounts in thousands):

 

   2026   2025 
  

For the Three Months Ended

March 31,

 
   2026   2025 
Supplemental cash flow information:          
Cash paid for amounts included in the measurement of lease liabilities:          
Cash used in operations for operating leases  $188   $132 

 

  

As of

March 31,

  

As of

December 31,

 
   2026   2025 
Weighted-average remaining lease term - operating leases (years)   3.1    3.3 
Weighted-average discount rate - operating leases   8.3%   8.3%

Other information related to leases as of December 31, 2025 and 2024 were as follows (dollar amounts in thousands):

 

   2025   2024 
   Year Ended December 31, 
   2025   2024 
Supplemental cash flow information:          
Cash paid for amounts included in the measurement of lease liabilities:          
Cash used in operations for operating leases  $545   $524 

 

   December 31, 
   2025   2024 
Weighted-average remaining lease term - operating leases (years)   3.3    4.3 
Weighted-average discount rate - operating leases   8.3%   8.3%
Schedule of lease liabilities noncancellable leases  

Maturities of lease liabilities under noncancellable leases as of December 31, 2025 are as follows (amounts in thousands):

 

      
2026  $567 
2027   590 
2028   613 
2029   212 
Total lease payments   1,982 
Less imputed interest   (261)
Total lease liabilities  $1,721 
      
Current portion of lease liabilities  $441 
Lease liabilities, net of current portion   1,280 
Total lease liabilities  $1,721