v3.26.3
UNAUDITED INTERIM CONDENSED STATEMENTS OF CASH FLOWS
₩ in Thousands
 3 Months Ended 6 Months Ended 12 Months Ended
Dec. 31, 2024
USD ($)
Jun. 30, 2026
USD ($)
Jun. 30, 2026
KRW (₩)
Jun. 30, 2025
USD ($)
Jun. 30, 2025
KRW (₩)
Dec. 31, 2025
USD ($)
Dec. 31, 2025
KRW (₩)
Dec. 31, 2024
KRW (₩)
Cash flows from operating activities                
Loss for the period | $ $ (29,753) $ 456   $ 456   $ (6,805)    
Changes in:                
- Accounts payable - other | $     7,725    
Promissory note payables – related parties | $ 371 684   684   1,380    
- Other receivables | $ (618) (1,140)   (1,140)   (2,300)    
Net cash outflow from operating activities | $ (30,000)        
Cash flows from investing activities                
Net cash outflow in investing activities | $        
Cash flows from financing activities                
Promissory note payables – related parties | $ [1] 30,000            
Net cash inflow (outflow) in financing activities | $ 30,000        
Net change in cash and cash equivalents | $            
Cash and cash equivalents at beginning of the period | $        
Cash and cash equivalents at end of the period | $        
CubeBio Co., Ltd. [Member]                
Cash flows from operating activities                
Loss for the period     ₩ (2,997,895)   ₩ (3,400,181)   ₩ (6,141,476) ₩ (8,065,334)
Adjustments to reconcile net income to net cash provided by operating activities                
- Depreciation     67,358   39,475   222,589 335,918
- Amortization     256   256   2,303 2,760
- Other bad debt expenses           341,816 [2] 71,412 [2]
- Reversal of other bad debt expenses             (489,720)
- Gains on valuation of derivatives             (461,422) (673,637)
- Losses on foreign currency translation             2,145 661
- Gains on foreign currency translation             (6,350) (9,162)
- Losses on disposal of property and equipment             4,172
- Impairment loss             601,792
- Gains on disposal of property and equipment             (5,616)
- Interest expenses             798,129 1,050,584
- Interest income             (230,557) (46,559)
- Losses on bond redemption             69,890 283,780
- Losses on valuation of derivatives             6,281 5,802
- Severance benefits     102,647   98,811   238,148 212,265
Changes in:                
- Accounts payable - other             193,852 709,264
- Other receivables             172,212 (302,872)
- Prepaid expenses             5,130 18,457
- Prepayments             (83,673)
- Liabilities due to benefits paid             (155,405) (108,281)
Interest received     29,499   49,281   72,764 49,582
Interest paid     (21,678)   (27,316)   (53,044) (62,090)
Income taxes paid     9,688   5,874   (907) 4,014
- Other non-current assets             41,579 41,579
Net cash outflow from operating activities     (2,345,678)   (2,934,045)   (4,965,996) (6,371,229)
Cash flows from investing activities                
Loans advance to related party     (105,290)     (220,000) (44,100)
Decrease in other financial assets     35,722     760,000
Deposit refunded             18,931
Proceeds from disposal of property and equipment     1,500     7,518
Purchase of intangible assets             (1,536)
Purchase of property and equipment       (7,960)   (7,961) (74,216)
Net cash outflow in investing activities     (68,068)   (7,960)   (229,497) 668,133
Cash flows from financing activities                
Increase in Short-term borrowings     1,000,000   270,000   (270,000)
Proceeds from short-term borrowings             270,000
Proceeds from issuance of bond with warrants       2,000,000   9,200,000 4,500,000
Disposal of treasury shares     128,000   100,000      
Repayment of lease liabilities     (56,773)   (58,029)      
Repayment of issuance of bond with warrants     (600,000)   (2,500,000)      
Repayment of bond with warrants     (600,000)   (2,500,000)   (8,105,000) (2,750,005)
Payment of offering costs     (151,970)   (515,585)   (1,368,185) (1,025,730)
Proceeds from warrants exercised         3,035,000
Proceeds from share options exercised             1,026,800
Payment of Lease Liability Principal     (56,773)   (58,029)   (117,348) (109,391)
Proceeds from advances for allotment of common shares and sale of treasury shares     2,070,000     2,110,000
Proceeds from treasury stocks disposed             150,000 4,011,860
Net cash inflow (outflow) in financing activities     2,389,257   (703,614)   1,869,467 8,688,534
Effect of exchange rate changes on cash and cash equivalents     1,102   (1,080)   (334) 8,501
Net change in cash and cash equivalents     (24,489)   (3,645,619)   (3,326,026) 2,985,438
Cash and cash equivalents at beginning of the period     335,814   3,662,174   3,662,174 668,235
Cash and cash equivalents at end of the period     ₩ 312,427   ₩ 15,475   ₩ 335,814 ₩ 3,662,174
[1] Details of this non-cash transaction for financing activities are included in Note 6.
[2] The net amount of VAT refund receivable from, or payable to, the taxation authority is included as part of receivables or payables in the statement of financial position.