On May 5, 2026, in connection with the Business Combination, the Company classified the Legacy Ekso Business as held for sale. Because the Legacy Ekso Business met the criteria to be classified as "held for sale" upon acquisition, the business qualifies for discontinued operations presentation in accordance with ASC 205-20, Discontinued Operations. As such, the Company reported the Legacy Ekso Business as discontinued operations for the fiscal year ended May 31, 2026. The Company expects the sale of the Legacy Ekso Business to occur within 12 months from the date it met the held for sale criteria.

The financial results of the Legacy Ekso Business are presented as net loss from discontinued operations on the consolidated statements of operations. The results of operations included within discontinued operations represent the period from May 5, 2026 through May 31, 2026 and include directly attributable revenues and expenses. Corporate overhead costs and other general administrative expenses that are not directly attributable to the operations of the discontinued component have not been allocated to discontinued operations. The following table presents the major components of the financial results of the Legacy Ekso Business for the periods presented.


	Fiscal Year Ended
	May 31, 2026
Revenue	$	385
Costs and expenses:
Cost of revenues	302
Selling, general and administrative	1,103
Total costs and expenses	1,405
Operating loss from discontinued operations	(1,020)
Other expense, net	—
Net loss from discontinued operations before income tax expense	(1,020)
Income tax expense	—
Net loss from discontinued operations	$	(1,020)

As of May 31, 2026, the assets and liabilities of the Legacy Ekso Business are classified as current in the Company's consolidated balance sheets, as it is probable that the sale will occur within one year. The following table represents the aggregated carrying amounts of classes of assets and liabilities that are classified as held for sale on the consolidated balance sheets for the periods presented:


(in thousands)	May 31, 2026
ASSETS
Current assets:
Cash	$	2
Accounts receivable	3,914
Prepaid expenses and other current assets	5,604
Property and equipment, net	1,084
Intangible assets, net	10,950
Operating lease right of use asset, net	284
Other assets	368
Estimated costs to sell	(2,365)
Total current assets held for sale	$	19,841

LIABILITIES
Current liabilities:
Accounts payable	263
Accrued liabilities	1,807
Current portion of operating lease liability	290
Deferred revenue	2,563
Long-term portion of operating lease liability	105
Total current liabilities held for sale	$	5,028

The following table summarizes the net cash flows from discontinued operations of the Legacy Ekso Business for the years ended May 31, 2026, and May 31, 2025:


	Fiscal Year Ended
	May 31, 2026
Net cash used in operating activities - discontinued operations	$	(1,705)
Net cash used in investing activities - discontinued operations	$	—