| Schedule of Presents Information About Reported Segments |
The table below presents information about reported
segments for the three and six months ended June 30, 2026 and 2025 (except for asset information for 2025 that is presented as of December
31):
| | |
Three Months Ended June 30, 2026 | |
| | |
AI Platform
and
services | | |
Connected
devices
and services | | |
Total | |
| Revenue | |
$ | 3,801 | | |
$ | — | | |
$ | 3,801 | |
| Less: | |
| | | |
| | | |
| | |
| Cost of revenue - AI Platform and services (exclusive of depreciation and amortization)(1) | |
| 2,108 | | |
| — | | |
| 2,108 | |
| Cost of revenue - Connected devices and services (exclusive of depreciation and amortization)(2) | |
| — | | |
| 10 | | |
| 10 | |
| Depreciation and amortization | |
| 2,588 | | |
| 88 | | |
| 2,676 | |
| Technology and infrastructure(3) | |
| 1,103 | | |
| 263 | | |
| 1,366 | |
| Sales and marketing(4) | |
| 678 | | |
| 62 | | |
| 740 | |
| General and administrative(5) | |
| 11,222 | | |
| 895 | | |
| 12,117 | |
| Loss from operations | |
$ | (13,898 | ) | |
$ | (1,318 | ) | |
$ | (15,216 | ) |
| Gain on disposal of assets | |
| — | | |
| 2,501 | | |
| 2,501 | |
| Other income (expense), net | |
| — | | |
| (30 | ) | |
| (30 | ) |
| Loss before provision for income taxes | |
$ | (13,898 | ) | |
$ | 1,153 | | |
$ | (12,745 | ) |
| Income tax expense | |
| (20 | ) | |
| — | | |
| (20 | ) |
| Net income (loss) | |
$ | (13,918 | ) | |
$ | 1,153 | | |
$ | (12,765 | ) |
| Amounts include stock-based compensation expense, as follows: | |
| | | |
| | | |
| | |
| (1)Cost of revenue - AI Platform and services (exclusive of depreciation and amortization) | |
$ | 702 | | |
$ | — | | |
$ | 702 | |
| (2)Cost of revenue - Connected devices and services (exclusive of depreciation and amortization) | |
| — | | |
| — | | |
| — | |
| (3)Technology and infrastructure | |
| 783 | | |
| — | | |
| 783 | |
| (4)Sales and marketing | |
| 302 | | |
| — | | |
| 302 | |
| (5)General and administrative | |
| 7,259 | | |
| 342 | | |
| 7,601 | |
| | |
Three Months Ended June 30, 2025 | |
| | |
AI Platform
and
services | | |
Connected
devices
and services | | |
Total | |
| Revenue | |
$ | — | | |
$ | 103 | | |
$ | 103 | |
| Less: | |
| | | |
| | | |
| | |
| Cost of revenue - AI Platform and services (exclusive of depreciation and amortization)(1) | |
| — | | |
| — | | |
| — | |
| Cost of revenue - Connected devices and services (exclusive of depreciation and amortization)(2) | |
| — | | |
| 362 | | |
| 362 | |
| Depreciation and amortization | |
| — | | |
| — | | |
| — | |
| Technology and infrastructure(3) | |
| — | | |
| 1,401 | | |
| 1,401 | |
| Sales and marketing(4) | |
| — | | |
| — | | |
| — | |
| General and administrative(5) | |
| — | | |
| 1,600 | | |
| 1,600 | |
| Loss from operations | |
$ | — | | |
$ | (3,260 | ) | |
$ | (3,260 | ) |
| Other income (expense), net | |
| — | | |
| 35 | | |
| 35 | |
| Loss before provision for income taxes | |
$ | — | | |
$ | (3,225 | ) | |
$ | (3,225 | ) |
| Income tax benefit | |
| — | | |
| — | | |
| — | |
| Net loss | |
$ | — | | |
$ | (3,225 | ) | |
$ | (3,225 | ) |
| Amounts include stock-based compensation expense, as follows: | |
| | | |
| | | |
| | |
| (1)Cost of revenue - AI Platform and services (exclusive of depreciation and amortization) | |
$ | — | | |
$ | — | | |
$ | — | |
| (2)Cost of revenue - Connected devices and services (exclusive of depreciation and amortization) | |
| — | | |
| — | | |
| — | |
| (3)Technology and infrastructure | |
| — | | |
| 286 | | |
| 286 | |
| (4)Sales and marketing | |
| — | | |
| — | | |
| — | |
| (5)General and administrative | |
| — | | |
| 494 | | |
| 494 | |
| | |
Six Months Ended June 30, 2026 | |
| | |
AI Platform and
services | | |
Connected devices
and services | | |
Total | |
| Revenue | |
$ | 4,277 | | |
$ | 35 | | |
$ | 4,312 | |
| Less: | |
| | | |
| | | |
| | |
| Cost of revenue - AI Platform and services (exclusive of depreciation and amortization)(1) | |
| 2,356 | | |
| — | | |
| 2,356 | |
| Cost of revenue - Connected devices and services (exclusive of depreciation and amortization)(2) | |
| — | | |
| 275 | | |
| 275 | |
| Depreciation and amortization | |
| 2,884 | | |
| 119 | | |
| 3,003 | |
| Technology and infrastructure(3) | |
| 1,272 | | |
| 916 | | |
| 2,188 | |
| Sales and marketing(4) | |
| 777 | | |
| 264 | | |
| 1,041 | |
| General and administrative(5) | |
| 12,523 | | |
| 2,989 | | |
| 15,512 | |
| Loss from operations | |
$ | (15,535 | ) | |
$ | (4,528 | ) | |
$ | (20,063 | ) |
| Gain on disposal of assets | |
| — | | |
| 2,501 | | |
| 2,501 | |
| Other income (expense), net | |
| 13 | | |
| (201 | ) | |
| (188 | ) |
| Loss before provision for income taxes | |
$ | (15,522 | ) | |
$ | (2,228 | ) | |
$ | (17,750 | ) |
| Income tax expense | |
| (20 | ) | |
| — | | |
| (20 | ) |
| Net loss | |
$ | (15,542 | ) | |
$ | (2,228 | ) | |
$ | (17,770 | ) |
| Amounts include stock-based compensation expense, as follows: | |
| | | |
| | | |
| | |
| (1)Cost of revenue - AI Platform and services (exclusive of depreciation and amortization) | |
$ | 795 | | |
$ | — | | |
$ | 795 | |
| (2)Cost of revenue - Connected devices and services (exclusive of depreciation and amortization) | |
| — | | |
| 1 | | |
| 1 | |
| (3)Technology and infrastructure | |
| 926 | | |
| 337 | | |
| 1,263 | |
| (4)Sales and marketing | |
| 342 | | |
| — | | |
| 342 | |
| (5)General and administrative | |
| 8,215 | | |
| 950 | | |
| 9,165 | |
| | |
Six Months Ended June 30, 2025 | |
| | |
AI Platform
and
services | | |
Connected
devices
and services | | |
Total | |
| Revenue | |
$ | — | | |
$ | 309 | | |
$ | 309 | |
| Less: | |
| | | |
| | | |
| | |
| Cost of revenue - AI Platform and services (exclusive of depreciation and amortization)(1) | |
| — | | |
| — | | |
| — | |
| Cost of revenue - Connected devices and services (exclusive of depreciation and amortization)(2) | |
| — | | |
| 1,004 | | |
| 1,004 | |
| Depreciation and amortization | |
| — | | |
| — | | |
| — | |
| Technology and infrastructure(3) | |
| — | | |
| 3,784 | | |
| 3,784 | |
| Sales and marketing(4) | |
| — | | |
| — | | |
| — | |
| General and administrative(5) | |
| — | | |
| 4,019 | | |
| 4,019 | |
| Loss from operations | |
$ | — | | |
$ | (8,498 | ) | |
$ | (8,498 | ) |
| Other income (expense), net | |
| — | | |
| 95 | | |
| 95 | |
| Loss before provision for income taxes | |
$ | — | | |
$ | (8,403 | ) | |
$ | (8,403 | ) |
| Income tax benefit | |
| — | | |
| — | | |
| — | |
| Net loss | |
$ | — | | |
$ | (8,403 | ) | |
$ | (8,403 | ) |
| Amounts include stock-based compensation expense, as follows: | |
| | | |
| | | |
| | |
| (1)Cost of revenue - AI Platform and services (exclusive of depreciation and amortization) | |
$ | — | | |
$ | — | | |
$ | — | |
| (2)Cost of revenue - Connected devices and services (exclusive of depreciation and amortization) | |
| — | | |
| 1 | | |
| 1 | |
| (3)Technology and infrastructure | |
| — | | |
| 381 | | |
| 381 | |
| (4)Sales and marketing | |
| — | | |
| — | | |
| — | |
| (5)General and administrative | |
| — | | |
| 697 | | |
| 697 | |
| | |
As of June 30, 2026 | |
| | |
AI Platform
and
services | | |
Connected
devices
and services | | |
Total | |
| Property and equipment, net | |
$ | 31,373 | | |
$ | — | | |
$ | 31,373 | |
| Total assets | |
$ | 597,377 | | |
$ | 1,946 | | |
$ | 599,323 | |
| | |
Six Months Ended June 30, 2026 | |
| | |
AI Platform
and
services | | |
Connected
devices
and services | | |
Total | |
| Capital expenditures | |
$ | 6,890 | | |
$ | — | | |
$ | 6,890 | |
| | |
As of December 31, 2025 | |
| | |
AI Platform
and
services | | |
Connected devices
and services | | |
Total | |
| Property and equipment, net | |
$ | — | | |
$ | 101 | | |
$ | 101 | |
| Total assets | |
$ | — | | |
$ | 5,600 | | |
$ | 5,600 | |
|