v3.26.1
Revenue
 6 Months Ended
Jun. 30, 2026
Revenue [Abstract]  
Revenue

Note 14 — Revenue

The Company derives revenue by product and merchandise sales of components for automotive and home appliance magnets. The Company did not have revenue for the three and six months ended June 30, 2025. For the three and six months ended June 30, 2026, all revenue recognized was product sales at a point in time and generated in the Republic of Korea. The destination of revenue for three and six months ended June 30, 2026 was as follows:

in thousands

  

Three Months
Ended
June 30,
2026

  

Six Months
Ended
June 30,
2026

Korean domestic sales

  

$

1,587

  

$

3,386

Export sales

  

 

49

  

 

129

Total revenue

  

$

1,636

  

$

3,515

For the three and six months ended June 30, 2026, all export sales were to China.