Account Payable |
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Account Payable [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ACCOUNT PAYABLE |
Trade accounts payable primarily relate to:
Long-outstanding balances
Certain balances within accounts payable originated from transactions entered into during 2021 and 2022 and remained unsettled as of June 30, 2026.
The most significant long-outstanding payable relates to a supercomputing server purchase agreement entered into in April 2021 with an outstanding balance of approximately $11.4 million as of June 30, 2026. Management represented that the balance remains payable and enforceable and that settlement discussions with the counterparty remain ongoing.
Management evaluated the long-outstanding balances as of June 30, 2026 and concluded that no derecognition adjustment was required. However, the assessment involves significant judgment regarding:
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