ACCRUED LIABILITIES AND OTHERS

6 Months Ended

Jun. 30, 2026

Accrued Liabilities Disclosure Abstract

Accrued Liabilities Disclosure [Text Block]

NOTE 10 – ACCRUED LIABILITIES AND OTHERS

	(in thousands)
	As of June 30, 2026 (Unaudited) ($)		As of December 31, 2025 (Audited) ($)
Compensation and other contributions		240		530
Provision for expenses		152		139
Current lease liability		-		9
Derivative Liability		72		-
Other current liability		200		284
Total		664		962

Compensation and other contribution-related liabilities consist primarily of accrued salaries and bonuses payable to employees. Provisions for expenses include estimated amounts for legal, professional, and marketing services. As of June 30, 2026, the derivative liability of approximately $72 thousand relates to the embedded conversion features of the VFG Notes and FirstFire Note. For more information, please refer to Note 11, “Loans and Other Liabilities”. Other current liabilities also include statutory payables, which were Nil and $29 thousand as of June 30, 2026, and December 31, 2025, respectively. During the six months ended June 30, 2026, the decrease in Compensation and other contributions reflects approximately $423 thousand of amounts due to the Company’s executive officers that were settled through the issuance of common stock subscriptions (a non-cash transaction). For more information, please refer to Note 13, “Securities.”