| Schedule of company’s net deferred tax assets |
|
|
|
|
| |
|
Convertible Debt |
|
| Balance as of December 31, 2025 |
|
$ |
12,659 |
|
| Original issue discount |
|
|
300 |
|
| Transaction cost |
|
|
10 |
|
| Additions |
|
|
5,990 |
|
| Settlement(1) |
|
|
(13,576 |
) |
| Fair value measurement adjustments |
|
|
4,679 |
|
| Balance as of June 30, 2026 |
|
$ |
10,062 |
|
| (1) |
During the six months ended June 30, 2026, the Company issued 67,317,304 shares of the Company’s Class A Common stock pursuant to purchase notices related to Pre-Paid Purchase #1, #2 and #3. The shares issued have a total exchange amount of $13,576 thousand with exchange price ranging from $0.14 to $0.36. |
| (2) |
During the year ended December 31, 2025, the Company issued 1,683,104 shares of the Company’s Class A Common Stock pursuant to multiple purchase notices related to Pre-Paid Purchase #1. The shares issued have a total exchange amount of $2,100 thousand with exchange prices ranging from $1.18 to $1.41. |