v3.26.1
Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2026
Commitments and Contingencies [Abstract]  
Schedule of List of Payment Guarantees Provided by Third Parties The list of payment guarantees provided by third parties to the Company as of June 30, 2026, are as follows:

Provider

 

Type

 

Guaranteed
Amount

 

Beneficiary

K-SURE (Korea Trade Insurance Corporation)

 

Trade Bill Loan

 

$

84

 

Industrial Bank of Korea

KODIT (Korea Credit Guarantee Fund)

 

Operating Funds Loan

 

 

1,064

 

Industrial Bank of Korea

SGI (Seoul Guarantee Insurance)

 

Government Grant

 

 

13

 

Korea Occupational Safety and Health Agency

Provider

 

Type

 

Guaranteed
Amount

 

Beneficiary

SGI (Seoul Guarantee Insurance)

 

Contract Performance Guarantee

 

10

 

LS ELECTRIC Co., Ltd., Korea Institute for Robot Industry Advancement (KIRIA)

SGI (Seoul Guarantee Insurance)

 

Defects Liability Guarantee Insurance

 

9

 

LS ELECTRIC Co., Ltd., Korea Institute for Robot Industry Advancement (KIRIA)

SGI (Seoul Guarantee Insurance)

 

Payment Guarantee Insurance

 

33

 

AirFirst Co., Ltd.

SGI (Seoul Guarantee Insurance)

 

Payment Guarantee Insurance

 

59

 

Korea Land and Housing Corp.

SGI (Seoul Guarantee Insurance)

 

Payment Guarantee Insurance

 

66

 

KEPCO (Korea Electric Power Corporation)

SGI (Seoul Guarantee Insurance)

 

Payment Guarantee Insurance

 

16

 

Korea Industrial Technology Association (KOITA)

SGI (Seoul Guarantee Insurance)

 

Advance Payment Guarantee

 

24

 

LS ELECTRIC Co., Ltd., Korea Institute for Robot Industry Advancement (KIRIA)

KIBO (Korea Technology Finance Corporation)

 

Working capital loans Guarantee

 

195

 

Hana Bank

Schedule of Commitments with Financial Institutions

The main commitments with financial institutions as of June 30, 2026, are as follows:

Financial Institution

 

Type

 

Credit
Line

 

Used
Amounts

Industrial Bank of Korea(1)(2)

 

Operating Funds Loan

 

$

4,973

 

$

4,408

KOSME (Korea SMEs and Startups Agency)

 

Operating Funds Loan

 

 

778

 

 

360

Woori Bank

 

Operating Funds Loan

 

 

519

 

 

0

Hana Bank(1)

 

Facility loans

 

 

187

 

 

187

Hana Bank

 

Working capital loans

 

 

195

 

 

195

Total

     

$

6,652

 

$

5,150

____________

(1)      As of June 30, 2026 land, buildings, machinery, and equipment have been provided as collateral (with a secured amount of $4.2 million for long term debt (refer to Note 7 — Property, Plant and Equipment, Net) and joint guarantees issued for related parties (refer to Note 17 — Related Party Transactions).

(2)      As of June 30, 2026, the Company established pledge fire insurance claims (with a pledge amount of $2.4 million.