v3.26.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Profit / (loss) after income taxes $ (10,615) $ (3,068)
Adjustment to reconcile net loss to net cash provided by / (used in) operating activities    
Depreciation and amortization 1,339 12
Net unrealised exchange loss 80
Change in fair value 3,088
Common stock issued for services 88
Amortization of debt discount 223
Other income (124)
Stock compensation expenses 36
Interest expenses 173
Interest expenses settled by equity 316
Interest expense on right-of-use liability 426
Bad debt expense 142
Gain on sale of furniture and equipment (6)
Provision for advances 626
Tax expense 24
Changes in working capital:    
Accounts receivable 606 (752)
Other current assets (358) (133)
Advances (60)
Due from affiliates 0 (2,823)
Accounts payable (2,387) (1,375)
Other current liabilities (775) (592)
Net cash used in operating activities (7,697) (8,192)
Cash flows from investing activities    
Purchase of furniture and equipment (50) (3)
Disposal of furniture and equipment 6
Purchase of intangible assets (3)
Acquisition of Teyame, net off cash acquired on business combination (9,197)
Acquisition of Assets (600)
Net cash used in investing activities (9,244) (603)
Cash flows from financing activities    
Proceeds from debt 76,594 0
Repayment of debt (74,269) (1,674)
Payment of lease liability (381)
Proceeds from equity issuance 9,418 13,677
Interest paid (170)
Net cash provided by financing activities 11,192 12,003
Effect of exchange rate changes on cash and cash equivalents 30
Net (decrease)/increase in cash and cash equivalents (5,719) 3,208
Cash and cash equivalents    
Cash and cash equivalents at the beginning of the year 7,625 20
Cash and cash equivalents at the end of the period 1,906 3,228
Supplementary disclosure of cash flows information    
Interest 435
Cashless warrants issued 14,710
Deferred offering cost 112
Conversion of debt to common stock 10,167 1,191
Acquisition of Teyame (see note 6[B] for details) 37,800
Operating right-of-use asset 1,193
Acquisition of assets $ 5,100