v3.26.1
CASH AND CASH EQUIVALENTS
6 Months Ended
Jun. 30, 2026
CASH AND CASH EQUIVALENTS  
CASH AND CASH EQUIVALENTS

Note 4 Cash and cash equivalents

 

The following table reconciles cash and cash equivalents, and restricted cash in the unaudited condensed consolidated balance sheets to the totals shown on the unaudited condensed consolidated statements of cash flows as of June 30, 2026 and December 31, 2025:

 

 

 

June 30,

 

December 31,

 

(in thousands)

 

2026

 

2025

 

Cash and cash equivalents

 

$

18,009

 

$

2,076

 

Restricted cash

 

 

531

 

 

589

 

Total cash and cash equivalents, and restricted cash

 

$

18,540

 

$

2,665

 

 

The following table presents cash and cash equivalents, and restricted cash held in accounts in each country (translated into USD) as of June 30, 2026 and December 31, 2025:

 

 

 

June 30,

 

December 31,

 

(in thousands)

 

2026

 

2025

 

Cash and cash equivalents:

 

 

 

 

 

 

 

United States

 

$

16,921

 

$

31

 

Malta

 

 

661

 

 

1,118

 

Finland

 

 

117

 

 

182

 

Switzerland

 

 

70

 

 

91

 

Lithuania

 

 

12

 

 

221

 

United Kingdom

 

 

38

 

 

89

 

Other

 

 

190

 

 

344

 

Restricted cash

 

 

 

 

 

 

 

United Kingdom

 

 

212

 

 

255

 

Denmark

 

 

177

 

 

159

 

Malta

 

 

140

 

 

175

 

Other

 

 

2

 

 

 

Total cash and cash equivalents, and restricted cash

 

$

18,540

 

$

2,665