v3.26.3
Condensed Consolidated Statements of Changes in Shareholders’ Equity (Unaudited) - USD ($)
$ in Thousands
Preferred Shares
Series A
Preferred Shares
Series B
Ordinary Shares
Class A
Ordinary Shares
Class B
Subscription Receivable
Exchange Reserves
Other Reserves
Accumulated Deficit
Non- Controlling Interest
Total
Balance at Dec. 31, 2024 $ 3 $ 30 $ 48 $ 266 $ 14,426 $ (10,654) $ (167) $ 3,952
Balance (in Shares) at Dec. 31, 2024 545,000   62,580 102,751            
Shares issued for cash $ 1 $ 1 $ 10 (50) 2,445 2,407
Shares issued for cash (in Shares) 186,400 41,391   20,741            
Stock options 93 93
Shares issued for services $ 9 997 1,006
Shares issued for services (in Shares)       17,100            
Shares issued for Juve Stabia acquisition $ 21 3,980 4,001
Shares issued for Juve Stabia acquisition (in Shares)       42,000            
Debt conversion to Class A shares $ 1 49 50
Debt conversion to Class A shares (in Shares)     800              
Equity contribution NCI 81 81
Obligation to issue shares (43) (43)
Exchange difference arising from translation 1,261 1,261
Loss for the period (2,516) (863) (3,379)
CTA reclassified from OCI to net loss 355 355
Discontinued operations (1,038) 1,038 590 590
Non-controlling interest on acquisition of subsidiary Juve Stabia 557 557
Balance at Jun. 30, 2025 $ 4 $ 1 $ 31 $ 88 (50) 1,882 20,909 (12,132) 198 10,931
Balance (in Shares) at Jun. 30, 2025 731,400 41,391 63,380 182,592            
Balance at Dec. 31, 2025 $ 4,049 (27) 848 600,243 (438,162) (133) 166,818 [1]
Balance (in Shares) at Dec. 31, 2025 20,000 8,199,437            
Shares issued for cash $ 1,149 6 10,272 11,427
Shares issued for cash (in Shares)       2,298,000            
Shares issued for services   843 843
Cashless warrants exercise $ 25 (25)
Cashless warrants exercise (in Shares)       50,684            
Warrants exercised for cash $ 231 231
Warrants exercised for cash (in Shares)       461,110            
Obligation to issue shares $ 1 (1)
Obligation to issue shares (in Shares)       63            
Exchange difference arising from translation (238) (238)
Loss for the period (74,269) (29) (74,298)
CTA reclassified from OCI to net loss 195 195
Balance at Jun. 30, 2026 $ 5,455 $ (21) $ 805 $ 611,332 $ (512,431) $ (162) $ 104,978 [1]
Balance (in Shares) at Jun. 30, 2026 20,000 11,009,294            
[1] The Company effected a one-for-ten reverse share split of both Class A and Class B Ordinary Shares on May 14, 2026. All share and per-share information presented in these condensed consolidated financial statements has been retrospectively adjusted to reflect the impact of the reverse share split for all periods presented. The total authorized share capital remains unchanged, with the number of authorized shares reduced and the nominal value per share increased proportionally following the split. Refer to Note 13, “Share Capital and Other Reserves”, for more information.