v3.26.3
Unaudited condensed consolidated interim statements of cash flows - USD ($)
$ in Thousands
 3 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income (loss) $ 2,221 $ (3,540)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 16 24
Non-cash lease expense 52 77
Stock-based compensation expense 171 164
Interest and accretion on convertible debt 148 111
Change in fair value of SAFEs 789 1,938
Provision / (reversal) for doubtful accounts receivable 1 (3)
Fair value gain on embedded derivatives (2,096)
Gain on extinguishment of convertible notes and SAFEs (2,425)
Loss on extinguishment of debt $ 24
Changes in operating assets and liabilities:
Accounts receivable $ 666 $ 1,388
Inventories 144 (115)
Deferred offering costs (26) (37)
Prepayments and other current assets (1,417) (272)
Accounts payable (241) (287)
Deferred revenue 1,043 1,150
Accrued expenses and other liabilities 376 (43)
Federal & other income taxes payable 19
Operating lease liabilities (43) (69)
Net cash provided by (used in) operating activities (578) 486
Cash flows from investing activities    
Purchase of property and equipment, including capital work-in-progress (19) (112)
Issuance of loan (100)
Net cash used in investing activities (19) (212)
Cash flows from financing activities:    
Proceeds from common stock 10
Proceeds from SAFE notes (1) 1,350 495
Proceeds from (repayment of) short-term debt 211 (76)
Proceeds from long-term debt 17
Net cash provided by financing activities 1,571 436
Net change in cash and cash equivalents during the period 974 710
Effect of exchange rates on cash and cash equivalents (10) (12)
Cash and cash equivalents at the beginning of the period 473 1,592
Cash and cash equivalents at the end of the period 1,437 2,290
Supplemental schedule of non-cash investing and financing activities:    
Conversion of SAFEs into common stock 25,821
Conversion of convertible notes into common stock 31,312
Conversion of convertible securities into common stock 983
Conversion of long- term debt into common stock 243
Conversion of SAFEs into debt 1,828
Supplemental cash flow information:    
Cash paid for interest 11 5
Cash paid for income taxes