v3.26.1
LEASES (Tables) - Gravitics Inc [Member]
6 Months Ended 12 Months Ended
Jun. 30, 2026
Dec. 31, 2025
SCHEDULE OF LEASE COST

The components of lease cost for the three and six months ended June 30, 2026 and 2025 were as follows (amounts in thousands):

 

             
  

For the Three Months Ended

June 30,

  

For the Six Months Ended

June 30,

 
   2026   2025   2026   2025 
Operating lease cost  $175   $178   $351   $354 
Variable lease cost   93    17    151    30 
Total lease cost  $268   $195   $502   $384 

The components of lease cost for the years ended December 31, 2025 and 2024 were as follows (amounts in thousands):

   2025   2024 
   Year Ended December 31, 
   2025   2024 
Operating lease cost  $702   $702 
Variable lease cost   134    228 
Total lease cost  $836   $930 
SCHEDULE OF OTHER INFORMATION RELATED LEASE

Other information related to leases are as follows (amounts in thousands):

 

             
  

For the Three Months Ended

June 30,

  

For the Six Months Ended

June 30,

 
   2026   2025   2026   2025 
Supplemental cash flow information:                    
Cash paid for amounts included in the measurement of lease liabilities:                    
Cash used in operations for
operating leases
  $190   $132   $330   $272 

 

 

   As of      As of    
   June 30, 2026   December 31, 2025 
Weighted-average remaining lease term - operating leases (years)   2.8    3.3 
Weighted-average discount rate - operating leases   8.3%   8.3%

Other information related to leases as of December 31, 2025 and 2024 were as follows (dollar amounts in thousands):

 

   2025   2024 
   Year Ended December 31, 
   2025   2024 
Supplemental cash flow information:          
Cash paid for amounts included in the measurement of lease liabilities:          
Cash used in operations for operating leases  $545   $524 

 

   December 31, 
   2025   2024 
Weighted-average remaining lease term - operating leases (years)   3.3    4.3 
Weighted-average discount rate - operating leases   8.3%   8.3%
SCHEDULE OF LEASE LIABILITIES NONCANCELLABLE LEASES  

Maturities of lease liabilities under noncancellable leases as of December 31, 2025 are as follows (amounts in thousands):

 

      
2026  $567 
2027   590 
2028   613 
2029   212 
Total lease payments   1,982 
Less imputed interest   (261)
Total lease liabilities  $1,721 
      
Current portion of lease liabilities  $441 
Lease liabilities, net of current portion   1,280 
Total lease liabilities  $1,721