Note
7 – Net sales
a) Net
sales
Schedule of Disaggregation of Revenue
| | | |
Three
months ended June
30, | |
| | | |
2026 | | |
2025 | |
| Sale of
products | | |
$ | 9,513 | | |
$ | 4,830 | |
| Sale of services | | |
| 145 | | |
| — | |
| | | |
$ | 9,658 | | |
$ | 4,830 | |
b) Disaggregated
revenue
i.
Revenue disaggregated by geography, based on the location of selling entity:
Schedule of Revenue from Customers by Geographic Areas
| | |
Three
months ended
June 30,
2026 | | |
Three
months ended
June 30,
2025 | |
| Revenues | |
| | | |
| | |
| Singapore | |
$ | 7,832 | | |
$ | 4,389 | |
| India | |
| 1,681 | | |
| 441 | |
| US | |
| 145 | | |
| — | |
| Net
revenue | |
$ | 9,658 | | |
$ | 4,830 | |
ii.
Revenue disaggregated by type of product and service:
Schedule of Revenue disaggregated by type of product and service
| | |
Three
months ended
June 30,
2026 | | |
Three
months ended
June 30,
2025 | |
| Sale
of products | |
| | | |
| | |
| Lead
ingots | |
$ | 5,956 | | |
$ | 3,089 | |
| Black
mass | |
| 3,227 | | |
| 1,438 | |
| Lithium
batteries | |
| 293 | | |
| 278 | |
| Lithium
Carbonate | |
| — | | |
| 23 | |
| Copper
Scrap | |
| 37 | | |
| 2 | |
| | |
| | | |
| | |
Sale
of services | |
| | | |
| | |
| Licensing
services | |
| 44 | | |
| — | |
| Engineering
service | |
| 101 | | |
| — | |
| Net
sales | |
$ | 9,658 | | |
$ | 4,830 | |
c)
Contract balances
Revenue
recognized for the three months ended June 30, 2026 and June 30, 2025 from amounts included in deferred revenue at the beginning
of the period was $467 and $658, respectively.
|