v3.26.1
Other Expense, net
 6 Months Ended 12 Months Ended
Jun. 30, 2026
Dec. 31, 2025
Other Income and Expenses [Abstract]    
Other Expense, net

14. Other Expense, net

 

The following table presents other income (expense), net, for the three and six months ended June 30, 2026 and 2025 (in thousands):

 

   2026   2025   2026   2025 
   For the three months ended June 30,  

For the six months ended June 30,

 
   2026   2025   2026   2025 
Other income:                    
Unrealized foreign currency transaction gain  $-   $4   $1   $27 
Gain on change in fair value of derivative warrant liability   -    7    -    137 
Gain on change in fair value of convertible notes payable   -    -    -    - 
Interest income   -    4    -    12 
Gain on debt extinguishment   -    -    -    278 
Gain on waiver of accrued interest   -    -    -    371 
Gain on the issuance of shares for services   -    -    -    70 
Total other income:   -    15    1    895 
Other expense:                    
Loss on the change in fair value of convertible notes payable   443    1,034    733    2,875 
Interest expense   17    57    66    233 
Loss on equity method investment   86    -    154    - 
Loss on debt extinguishment   1,073         1,073      
Other   20    -    21    - 
Total other expense   1,639    1,091    2,047    3,108 
Total other expense, net  $(1,639)  $(1,076)  $(2,046)  $(2,213)

 

17. Other Expense, net

 

The following table presents other expense, net, for the years ended December 31, 2025 and 2024 (in thousands):

  

   2025   2024 
  

For the years ended

December 31,

 
   2025   2024 
Other income:          
Change in fair value of warrant liability   138    221 
Change in fair value of convertible note payment   -    2,018 
Gain on debt extinguishment   278    2,473 
Income Tax Refund   -    314 
Unrealized foreign currency transaction gain   16    2 
Gain on waiver of accrued interest   371    - 
Research and development tax receivable   97    - 
Gain on the issuance of shares for services   70    - 
Other   -    7 
Total other income:   970    5,035 
Other expense:          
Loss on issuance of warrants   -    2,710 
Loss on Debt Extinguishment   -    3,179 
Loss on the change in fair value of convertible notes payable   2,737    - 
Realized losses on disposition of digital assets   403    - 
Realized foreign currency transaction loss   -    16 
Other expense   6    20 
Total other expense   3,146    5,925 
Total expense, net  $(2,176)  $(890)