| Schedule of reconciliations of segment revenues |
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Revenues by reportable segment consisted of the following for the six months ended June 30, 2026 and 2025: | | | | | | | | | | | | | | | | Six months ended June 30, | | | 2026 | | 2025 | Tool manufacturing and related services | | $ | 3,136 | | $ | 2,163 | Coating services | | | 614 | | | 771 | Battery manufacturing | | | 351 | | | 388 | Total | | $ | 4,101 | | $ | 3,322 |
Segment revenue, cost of sales, and gross (loss) profit are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | Six months ended June 30, 2026 | | Six months ended June 30, 2025 | | | Tool | | | | | | | | | | Tool | | | | | | | | | | | | Manufacturing | | | | | | | | | | | Manufacturing | | | | | | | | | | | | & Related | | Coating | | Battery | | | | | & Related | | Coating | | Battery | | | | | | Services | | Services | | Manufacturing | | Total | | Services | | Services | | Manufacturing | | Total | Total revenue | | $ | 3,136 | | $ | 614 | | $ | 351 | | $ | 4,101 | | $ | 2,163 | | $ | 771 | | $ | 388 | | $ | 3,322 | Cost of sales | | | (4,394) | | | (2,666) | | | (139) | | | (7,199) | | | (2,444) | | | (1,881) | | | (161) | | | (4,486) | Gross (loss) profit | | $ | (1,258) | | $ | (2,052) | | $ | 212 | | $ | (3,098) | | $ | (281) | | $ | (1,110) | | $ | 227 | | $ | (1,164) |
Table presents a reconciliation of segment results to consolidated results for the six months ended June 30, 2026 and 2025. | | | | | | | | | | | | | | | | | | Six months ended June 30, | | | | 2026 | | 2025 | | Segment gross profit | | $ | (3,098) | | $ | (1,164) | | General and administrative | | | 20,676 | | | 19,485 | | Operating loss | | | (23,774) | | | (20,649) | | Interest income | | | 220 | | | 350 | | Grant income | | | 1,819 | | | 3,418 | | Other income | | | 70 | | | 8 | | Interest expense, change in fair value, and amortization of debt discount | | | (10,866) | | | (4,898) | | Other expense | | | (19) | | | (151) | | Non-operating loss | | | (8,776) | | | (1,273) | | Net loss | | $ | (32,550) | | $ | (21,922) | |
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Revenue by reportable segment is as follows: | | | | | | | | | | | | | | | | Years ended December 31, | | | 2025 | | 2024 | Tool manufacturing and related services | | $ | 4,625 | | $ | 6,852 | Coating services | | | 1,429 | | | 1,332 | Battery manufacturing | | | 1,334 | | | 115 | Total | | $ | 7,388 | | $ | 8,299 |
Segment revenue, cost of sales, and gross profit (loss) are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Years ended December 31, 2025 | | | | Tool Manufacturing & | | | | Battery | | | | | | Related Services | | Coating Services | | Manufacturing | | Total | | Total revenue | | $ | 4,625 | | $ | 1,429 | | $ | 1,334 | | $ | 7,388 | | Cost of sales | | | (6,239) | | | (3,921) | | | (1,085) | | | (11,245) | | Gross (loss) profit | | $ | (1,614) | | $ | (2,492) | | $ | 249 | | $ | (3,857) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Years ended December 31, 2024 | | | | Tool Manufacturing & | | | | Battery | | | | | | Related Services | | Coating Services | | Manufacturing | | Total | | Total revenue | | $ | 6,852 | | $ | 1,332 | | $ | 115 | | $ | 8,299 | | Cost of sales | | | (5,441) | | | (2,486) | | | (40) | | | (7,967) | | Gross profit (loss) | | $ | 1,411 | | $ | (1,154) | | $ | 75 | | $ | 332 | |
Reconciliation of segment results to consolidated results is as follows: | | | | | | | | | | | | | | | | | | Years ended December 31, | | | | 2025 | | 2024 | | Segment gross (loss) profit | | $ | (3,857) | | $ | 332 | | General and administrative | | | 40,788 | | | 27,474 | | Operating loss | | | (44,645) | | | (27,142) | | | | | | | | | | Interest income | | | 637 | | | 1,053 | | Grant income | | | 7,062 | | | 2,306 | | Other income | | | 865 | | | 263 | | | | | | | | | | Interest expense, change in fair value, and amortization of debt discount | | | (6,515) | | | (3,439) | | Other expense | | | (578) | | | (25) | | | | | | | | | | Non-operating income | | | 1,471 | | | 158 | | | | | | | | | | Net loss | | $ | (43,174) | | $ | (26,984) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Tool | | | | | | | | | | | | | | | Manufacturing | | | | | | | | | | | | | | | & Related | | Coating | | Battery | | | | | | | | | Services | | Services | | Manufacturing | | Corporate | | Total | Revenue | | $ | 4,625 | | $ | 1,429 | | $ | 1,334 | | $ | — | | $ | 7,388 | Cost of sales | | | 6,239 | | | 3,921 | | | 1,085 | | | — | | | 11,245 | Gross profit (loss) | | | (1,614) | | | (2,492) | | | 249 | | | — | | | (3,857) | General and administrative | | | 1,916 | | | 2,123 | | | 780 | | | 35,969 | | | 40,788 | Operating profit (loss) | | | (3,530) | | | (4,615) | | | (531) | | | (35,969) | | | (44,645) | Other income | | | — | | | — | | | — | | | 1,471 | | | 1,471 | Net income (loss) | | $ | (3,530) | | $ | (4,615) | | $ | (531) | | $ | (34,498) | | $ | (43,174) |
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