The
following table presents selected financial information with respect to the Company’s single operating segment and its significant
segment expenses for the three months ended July 31, 2026 and 2025, respectively:
Schedule
of Operating Segment Expenses
| | |
2026 | | |
2025 | |
| | |
Three month ended July 31, | |
| | |
2026 | | |
2025 | |
| | |
(in thousands) | |
| Revenue | |
$ | 1,703 | | |
$ | 1,182 | |
| Less: | |
| | | |
| | |
| Cost of sales | |
| 4,534 | | |
| 1,205 | |
| Product development costs | |
| 2,719 | | |
| 136 | |
| Employee-related costs | |
| 3,046 | | |
| 2,285 | |
| Professional, consulting and contractor fees | |
| 1,645 | | |
| 977 | |
| General and administrative costs | |
| 2,225 | | |
| 652 | |
| Facilities costs | |
| 463 | | |
| 379 | |
| Share-based compensation | |
| 1,829 | | |
| 2,399 | |
| Depreciation and amortization expense | |
| 319 | | |
| 227 | |
| Other expense, net | |
| (1 | ) | |
| — | |
| Interest (income)/expense, net | |
| 373 | | |
| 310 | |
| Change in fair value of derivatives | |
| 4,912 | | |
| — | |
| Loss on extinguishment of debt | |
| — | | |
| — | |
| Net loss | |
$ | (10,537 | ) | |
$ | (7,388 | ) |
|