| Schedule of Effect of the Adjustment of Prior Period Information on Consolidated Financial Statements |
| | |
As reported
in the financial statements ended June 30, 2025 | | |
As adjusted in the financial statements ended June 30, 2026 | |
| | |
6 months ended June 30, | | |
6 months ended June 30, | |
| USD’000 | |
2025 (unaudited) | | |
2025 (unaudited) | |
| | |
| | |
| |
| Non-operating expenses | |
| (1,487 | ) | |
| (1,517 | ) |
| Loss before income tax expense | |
| (19,998 | ) | |
| (20,028 | ) |
| Net loss | |
| (20,000 | ) | |
| (20,030 | ) |
| Comprehensive loss | |
| (19,892 | ) | |
| (19,922 | ) |
Condensed Consolidated Statements of Changes
in Shareholders’ Equity
| | |
As reported in the financial statements ended June 30, 2025 (unaudited) | | |
As adjusted in the financial statements ended June 30, 2026 (unaudited) | |
| USD’000 | |
Additional paid-in capital | | |
Accumulated deficit | | |
Total equity (deficit) | | |
Additional paid-in capital | | |
Accumulated deficit | | |
Total equity (deficit) | |
| As of December 31, 2024 | |
| 117,944 | | |
| (41,913 | ) | |
| 77,864 | | |
| 116,568 | | |
| (41,913 | ) | |
| 76,488 | |
| Share Purchase Agreements (Anson SPA and L1 SPA) | |
| 18,325 | | |
| - | | |
| 18,426 | | |
| 18,122 | | |
| - | | |
| 18,223 | |
| Warrant exercises (Anson Warrants and L1 Warrants) | |
| 7,330 | | |
| - | | |
| 7,374 | | |
| 7,292 | | |
| - | | |
| 7,337 | |
| ATM | |
| 27,048 | | |
| - | | |
| 27,123 | | |
| 26,749 | | |
| - | | |
| 26,824 | |
| Investment in Wecan Group | |
| 1,944 | | |
| - | | |
| 1,949 | | |
| 1,922 | | |
| - | | |
| 1,927 | |
| Comprehensive income / (loss) | |
| | | |
| (20,000 | ) | |
| | | |
| - | | |
| (20,030 | ) | |
| (19,922 | ) |
| As of June 30, 2025 | |
| 177,863 | | |
| (61,913 | ) | |
| 118,129 | | |
| 175,925 | | |
| (61,943 | ) | |
| 116,162 | |
Condensed Consolidated Statements of Cash
Flows
| | |
As reported in the financial statements ended June 30, 2025 | | |
As adjusted in the financial statements ended June 30, 2026 | |
| | |
6 months ended June 30, | | |
6 months ended June 30, | |
| USD’000 | |
2025 (unaudited) | | |
2025 (unaudited) | |
| Cash Flows from operating activities: | |
| | |
| |
| Net income / (loss) | |
| (20,000 | ) | |
| (20,030 | ) |
| Increase / (decrease) in other current liabilities, excluding stock-based compensation liability | |
| (174 | ) | |
| (144 | ) |
|