Note 3 – Revenue Recognition

The Company recognizes revenue in accordance with Accounting Standards Codification Topic 606, Revenue from Contracts with Customers. Revenue is recognized when control of promised goods is transferred to a customer in an amount that reflects the consideration the Company expects to receive.

Following classification of the former PRC operations as discontinued operations, the Company recognized $918 of revenue from continuing operations for both the three and six months ended June 30, 2026 and no revenue for the corresponding 2025 periods.

Revenue generated by the former PRC operations has been retrospectively classified within discontinued operations for all periods presented. See Note 4.

As of June 30, 2026, the Company had no material contract assets, contract liabilities or remaining performance obligations related to continuing operations.