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SHORT-TERM BORROWINGS (Tables) - Gravitics Inc [Member]
6 Months Ended 12 Months Ended
Jun. 30, 2026
Dec. 31, 2025
SCHEDULE OF SHORT TERM BORROWINGS

 

  

As of

  

As of

 
   June 30, 2026   December 31, 2025 
Due to related parties  $-   $45 
Due to employees   -    28 
Third party borrowings   340    300 
Total short-term borrowings  $340   $373 

The following table summarizes the outstanding borrowings as of December 31, 2025 and 2024 (amounts in thousands):

 

   2025   2024 
   December 31, 
   2025   2024 
Due to related parties  $45   $- 
Due to employees   28    - 
Third party borrowings   300    300 
Total short-term borrowings  $373   $300 
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