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<p id="xdx_807_eus-gaap--OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock_z2mU9rg3xLA3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">Note 1. Description of Business and Basis of Presentation Description and Organization Boost Run Inc. (the “Company” or “Boost Run”) is a Delaware corporation and the successor reporting entity to Boost Run Holdings, LLC. The Company provides high-performance computing infrastructure through bare metal Graphics Processing Unit (“GPU”) servers hosted in top-tier certified data centers. Through its Infrastructure as Code (“IaC”) automation platform, the Company enables customers to access scalable and secure computing resources for artificial intelligence (“AI”), machine learning, large language models (“LLMs”), generative AI, and other high-performance computing workloads. On May 8, 2026, the Company completed a business combination with Willow Lane Acquisition Corp. (“WLAC”), a special purpose acquisition company (“SPAC”), and became a publicly traded company. As discussed further in Note 2 – Business Combination, the transaction was accounted for as a reverse recapitalization, with Boost Run Holdings, LLC determined to be the accounting acquirer and WLAC determined to be the accounting acquiree. Accordingly, the historical financial statements of Boost Run Holdings, LLC, became the historical financial statements of the Company. Unless otherwise indicated, references to the “Company” refer to the combined company after the Closing. Basis of Presentation The accompanying interim condensed consolidated financial statements have been prepared in accordance with GAAP and applicable rules and regulations of the U.S. Securities and Exchange Commission (“SEC”). Any reference in these notes to applicable guidance is meant to refer to U.S. GAAP, as found in the Accounting Standards Codification (“ASC”) and Accounting Standards Updates (“ASUs”) of the FASB. The interim condensed consolidated financial statements as of September 30, 2026, and for the three and nine months ended September 30, 2026, and 2025, in the opinion of management, include all adjustments, consisting of normal recurring items, to present fairly our financial position, results of operations, and cash flows. Our operating results for the three and nine months ended September 30, 2026, are not necessarily indicative of the results to be expected for the full year. The interim condensed consolidated financial statements and related notes as of and for the three and nine months ended September 30, 2026, have been prepared on the same basis as and should be read in conjunction with the consolidated financial statements for the year ended December 31, 2025. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to the rules of the SEC. The Company believes the disclosures made are adequate to keep the information presented from being misleading. Principles of Consolidation The accompanying interim condensed consolidated financial statements include the accounts of Boost Run Inc. and its wholly owned subsidiaries, including Boost Run Holdings, LLC and Willow Lane Acquisition Corp. (“Willow Lane”) (collectively, the “Company”). All intercompany balances and transactions have been eliminated in consolidation. Reclassification of Prior Year Amounts Certain amounts in the prior year balance sheet have been reclassified to conform to the current year presentation. Specifically, the Company separately presents customer deposits, current as its own line item on the balance sheet, whereas in the prior year these amounts were included within accrued expenses and other liabilities, current. As of December 31, 2025, $15,426 of customer deposits have been reclassified out of accrued expenses and other liabilities, current and presented separately as customer deposits, current.

15426000

Note 2. Business Combination On September 15, 2025, Willow Lane Acquisition Corp. (“Willow Lane” or the “SPAC”) entered into a Business Combination Agreement, as amended on January 13, 2026, with (i) Boost Run, (ii) Benchmark Merger Sub I Inc. (“SPAC Merger Sub”), (iii) Benchmark Merger Sub II LLC (“Company Merger Sub”), (iv) Boost Run Holdings, LLC (“Boost Run Holdings”), (v) George Peng and (vi) Andrew Karos, the Company’s CEO (the “Business Combination Agreement”). On May 8, 2026 (the “Closing Date”), the transactions contemplated by the Business Combination Agreement (collectively, the “Business Combination”) were consummated. Closing of the Business Combination In connection with the Business Combination: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Willow Lane domesticated from the Cayman Islands to Delaware.</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">SPAC Merger Sub merged with and into Willow Lane, with Willow Lane surviving as a wholly owned subsidiary of Boost Run.</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Company Merger Sub merged with and into Boost Run Holdings, with Boost Run Holdings surviving as a wholly owned subsidiary of Boost Run.</td></tr> </table> As a result of the Business Combination, Willow Lane’s outstanding Class A ordinary shares converted into shares of Boost Run class A common stock (“Class A Common Stock”), and Willow Lane’s outstanding redeemable warrants and private placement warrants converted into Boost Run Public Warrants and Private Warrants, respectively. The converted warrants retained substantially the same terms and conditions existing immediately prior to Closing, except that they became exercisable for shares of Boost Run Class A Common Stock. The outstanding equity interests of Boost Run Holdings were cancelled and converted into the right to receive merger consideration in accordance with the Business Combination Agreement. The aggregate merger consideration consisted of: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span id="xdx_90D_eus-gaap--StockIssuedDuringPeriodSharesAcquisitions_pid_c20250915__20250915__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember__us-gaap--BusinessAcquisitionAxis__custom--BoostRunIncMember_zH7DrGHSQicg" title="Shares received on business acquisition, shares">44,150,000 shares of Boost Run Inc’s common stock, valued at approximately $<span id="xdx_906_eus-gaap--StockIssuedDuringPeriodValueAcquisitions_pn3n3_c20250915__20250915__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember__us-gaap--BusinessAcquisitionAxis__custom--BoostRunIncMember_z0h7xDkEcTfi" title="Shares received on business acquisition, value">441,500 based on the contractual reference price of $<span id="xdx_90D_eus-gaap--CommonStockParOrStatedValuePerShare_iI_pid_c20250915__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember__us-gaap--BusinessAcquisitionAxis__custom--BoostRunIncMember_zLRXJbrZv6qg" title="Common stock par value">10.00 per share;</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">an installment note with an initial principal amount of $8,500 issued to Andrew Karos, which was satisfied in connection with the Closing; and</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">contingent consideration consisting of the Karos earnout shares.</td></tr> </table> No public shares of the SPAC were redeemed in connection with the Business Combination. The Company received net proceeds of approximately $114,076, after giving effect to transaction costs and other closing-related adjustments. Earnout Arrangements Pursuant to the Business Combination Agreement, Andrew Karos was entitled to receive up to 7,875,000 additional shares of Boost Run Inc’s Class A Common Stock based on the achievement of specified stock price targets during the three-year period following Closing. The earnout was structured in three equal tranches based on the volume weighted average price (“VWAP”) of Boost Run Inc’s Class A Common Stock equaling or exceeding $<span id="xdx_90B_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_pid_c20250915__20250915__dei--LegalEntityAxis__custom--BoostRunIncMember__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheOneMember_zjDrER9u9gT" title="Share price">12.50, $<span id="xdx_904_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_pid_c20250915__20250915__dei--LegalEntityAxis__custom--BoostRunIncMember__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheTwoMember_zOSGoowkCYU1" title="Share price">15.00 and $<span id="xdx_900_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_pid_c20250915__20250915__dei--LegalEntityAxis__custom--BoostRunIncMember__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheThreeMember_zq1GdLoXKcsh" title="Volume-weighted average price">17.50 per share for at least 20 of 30 consecutive trading days. During the nine months ended September 30, 2026, all stock price targets were achieved, and 7,875,000 Karos earnout shares were issued (“Karos Earnout Shares”). Pursuant to the Earnout Agreement dated September 15, 2025, as amended on January 13, 2026, Willow Lane Sponsor, LLC (the “Sponsor”) and Goodrich ILMJS LLC (the “SPV”) were entitled to receive up to <span id="xdx_90C_ecustom--StockIssuedDuringPeriodOfEarnoutSharesOne_pid_c20260113__20260113__us-gaap--TypeOfArrangementAxis__custom--EarnoutAgreementAmendmentMember_zxDQp9LhqjRl" title="Earnout shares issued">1,125,000 Sponsor Earnout Shares and <span id="xdx_906_ecustom--StockIssuedDuringPeriodOfEarnoutSharesTwo_c20260113__20260113__us-gaap--TypeOfArrangementAxis__custom--EarnoutAgreementAmendmentMember_zhE7K4aZh8Y1" title="SPV earnout shares issued">1,968,750 SPV Earnout Shares, respectively, upon achievement of the same stock price targets. During the nine months ended September 30, 2026, all applicable stock price targets were achieved, and an aggregate of 3,093,750 Sponsor and SPV Earnout Shares were issued. The Karos Earnout Shares, Sponsor Earnout Shares and SPV Earnout Shares (collectively, the “Earnout Shares”) are freestanding instruments indexed to the Company’s own stock and meet the conditions for equity classification under ASC 815, Derivatives and Hedging. Accordingly, the Earnout Shares are classified within permanent equity and are not subject to remeasurement. The Earnout Shares were recognized at the $10.00 per share value established pursuant to the Business Combination Agreement. Upon issuance, the Earnout Shares were recorded as an increase to common stock, at the $<span id="xdx_90B_eus-gaap--CommonStockParOrStatedValuePerShare_iI_pid_c20260331__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember__us-gaap--BusinessAcquisitionAxis__custom--BenchmarkMergerSubOneIncMember_zze1sTw53ETh" title="Common stock par value">0.0001 per share par value of the Company’s Class A Common Stock, with a corresponding reduction to additional paid-in capital, resulting in no net impact to total stockholders’ equity. Consulting Agreement Pursuant to a consulting agreement entered into on January 13, 2026, with B. Luke Weil (also see Note 14 – Related Party Transactions), the Company agreed to issue up to <span id="xdx_902_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant_iI_pid_c20260113__us-gaap--TypeOfArrangementAxis__custom--ConsultingAgreementMember_zflG2NnQsBd1" title="Issued shares, granted">336,000 shares of Class A Common Stock in three equal tranches upon achievement of specified stock price targets. The arrangement is accounted for as an equity-classified award under ASC 718, Compensation—Stock Compensation. During the nine months ended September 30, 2026, all applicable vesting conditions associated with the <span id="xdx_902_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant_iI_pid_c20260113__us-gaap--TypeOfArrangementAxis__custom--ConsultingAgreementMember_zxogxsIC6512" title="Issued shares, granted">336,000 share award were satisfied and the award became fully vested. See Note 14 – Related Party Transactions and Note 16 – Stock-based Compensation. Deferred Underwriting Commission Amendment In January 2026, the Company entered into an agreement with an underwriter to reduce certain deferred underwriting commissions related to the Business Combination by $500. In connection with the agreement, the Company recognized a $250 current liability recorded in accrued expenses and other liabilities in the interim condensed consolidated balance sheet representing a guaranteed minimum payment obligation and recorded a corresponding reduction to additional paid-in capital in the interim condensed consolidated balance sheet. The reduction in deferred underwriting commissions resulted in a corresponding increase to additional paid-in capital of $500 in the interim condensed consolidated balance sheet. The underwriter also received certain rights to participate in future financing transactions. Accounting Treatment The Business Combination was accounted for as a reverse recapitalization in accordance with U.S. GAAP. Under this method of accounting, the SPAC was treated as the acquired company for financial reporting purposes and Boost Run Holdings was treated as the accounting acquirer. Boost Run Inc, the new public parent company formed to effect the Business Combination, was evaluated under the guidance on non-substantive newly formed entities in ASC 805 and was determined not to be a substantive entity. Accordingly, Boost Run Inc. is not itself considered in identifying the accounting acquirer. Because Boost Run Inc. survives as the ultimate parent of the combined company, the reverse recapitalization is presented by reference to Boost Run Inc’s legal capital structure. Accordingly, the Business Combination was treated as the equivalent of Boost Run Holdings issuing equity for the net assets of the SPAC, with no goodwill or other intangible assets recognized. The net assets of the SPAC were recorded at historical cost, and no goodwill or other intangible assets were recognized. The consolidated assets, liabilities, and results of operations prior to the Business Combination are those of Boost Run Holdings. The equity structure has been retrospectively adjusted in all periods presented to reflect the number and class of shares of Boost Run Inc. Common stock was issued to the former equity holders of Boost Run Holdings in connection with the reverse recapitalization. The historical accumulated deficit of the SPAC and Boost Run Inc. as of the Closing was reclassified to additional paid-in capital, as only Boost Run Holdings’ retained earnings are carried forward in connection with the reverse recapitalization; this reclassification did not impact total stockholders’ equity. Boost Run Holdings was determined to be the accounting acquirer based on the following factors: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Legacy Boost Run Holdings equity holders retained approximately 90% of the voting power of the combined company on a fully diluted basis;</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Legacy Boost Run Holdings equity holders appointed a majority of the Board of Directors;</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Boost Run Holdings’ operations represent the ongoing operations of the combined company; and</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Boost Run Holdings’ management team became the management team of the combined company.</td></tr> </table> The following table illustrates the Boost Run Units outstanding immediately prior to Closing, and the number of Boost Run common stock issued as a result of the Closing. Schedule of Common Stock issued <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Boost Run Holdings Units outstanding immediately prior to Closing</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: center"> </td> <td style="border-bottom: Black 1pt solid; text-align: center"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Number of Shares of Boost Run Common Stock issued to Boost Run Holdings Unit Holders upon Closing </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 30%; text-align: center">Class A Units</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right"><span id="xdx_909_eus-gaap--SharesOutstanding_iI_pid_c20260930__srt--TitleOfIndividualAxis__custom--BoostRunHoldingsMember__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_z6BLIrbK5Jw1" title="Class A Units">8,500</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 28%; text-align: center">Class B</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">29,533,018</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: center">Class B Units</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_906_eus-gaap--SharesOutstanding_iI_pid_c20260930__srt--TitleOfIndividualAxis__custom--BoostRunHoldingsMember__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zYAx7dRgyXfk" title="Class B Units">4,149</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center">Class A</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">14,241,982</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center; padding-bottom: 1pt">Class C Units</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_90A_eus-gaap--SharesOutstanding_iI_pid_c20260930__srt--TitleOfIndividualAxis__custom--BoostRunHoldingsMember__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassCMember_z2MJ6d5nEAMd" title="Class C Units">128</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt">Class A</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">375,000</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">12,777</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">44,150,000</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> The following table illustrates the combined share ownership after the Closing. Schedule of Share Ownership <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: center">Combined Share Ownership </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; width: 68%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; width: 1%"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 17%; text-align: center">Shares</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: center"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 13%; text-align: center">%</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCECFF"> <td style="font: 10pt Times New Roman, Times, Serif">Boost Run Class A Common Stock issued to Sponsors and SPV</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right"><span id="xdx_902_esrt--StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased_iI_pid_c20260930__us-gaap--StatementClassOfStockAxis__custom--CommonClassAOneMember__srt--TitleOfIndividualAxis__custom--SponsorsAndSPVMember_zhKKSSs2IAwb" title="Combined share ownership, shares">4,628,674 </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right"><span id="xdx_907_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20260930__us-gaap--StatementClassOfStockAxis__custom--CommonClassAOneMember__srt--TitleOfIndividualAxis__custom--SponsorsAndSPVMember__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__us-gaap--OtherInvesteesMember_zjZsH4yJgE91" title="Combined share ownership, percent">8%</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif">Boost Run Class A Common Stock issued to Willow Lane public shareholders</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right"><span id="xdx_906_esrt--StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased_iI_pid_c20260930__us-gaap--StatementClassOfStockAxis__custom--CommonClassAOneMember__srt--TitleOfIndividualAxis__custom--WillowLanePublicShareholdersMember_z7mbz6nO2bz5" title="Combined share ownership, shares">12,650,000 </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right"><span id="xdx_906_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20260930__us-gaap--StatementClassOfStockAxis__custom--CommonClassAOneMember__srt--TitleOfIndividualAxis__custom--WillowLanePublicShareholdersMember__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__us-gaap--OtherInvesteesMember_zpVXaBONz7Ra" title="Class B Units">21%</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCECFF"> <td style="font: 10pt Times New Roman, Times, Serif">Boost Run Class B Common Stock issued to Boost Run Holdings Unit Holders</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right"><span id="xdx_90D_esrt--StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased_iI_pid_c20260930__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember__srt--TitleOfIndividualAxis__custom--BoostRunHoldingsMember_z0pD117mw164" title="Combined share ownership, shares">29,533,018 </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right"><span id="xdx_900_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20260930__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember__srt--TitleOfIndividualAxis__custom--BoostRunHoldingsMember__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__us-gaap--OtherInvesteesMember_zsXMCy1ZsxHh" title="Class B Units">48%</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif">Boost Run Class A Common Stock issued to Boost Run Holdings Unit Holders</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right"><span id="xdx_90B_esrt--StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased_iI_pid_c20260930__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember__srt--TitleOfIndividualAxis__custom--BoostRunHoldingsOneMember_zgpdEpOxHFBj" title="Combined share ownership, shares">14,616,982 </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right"><span id="xdx_90D_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20260930__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember__srt--TitleOfIndividualAxis__custom--BoostRunHoldingsOneMember__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__us-gaap--OtherInvesteesMember_zxQieLumUVVe" title="Class B Units">23%</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCECFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt; white-space: nowrap">Total shares of Boost Run Common Stock</td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap"> </td> <td style="border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right">61,428,674 </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right"> </td> <td style="border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right"><span id="xdx_905_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20260930__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__us-gaap--OtherInvesteesMember_z9vepprg364d">100%</td></tr> </table>

44150000

441500000

10.00

8500000

114076000

7875000

12.50

15.00

17.50

7875000

1125000 1968750

3093750

10.00

0.0001

336000

500000

250000

500000

The following table illustrates the Boost Run Units outstanding immediately prior to Closing, and the number of Boost Run common stock issued as a result of the Closing. Schedule of Common Stock issued <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Boost Run Holdings Units outstanding immediately prior to Closing</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: center"> </td> <td style="border-bottom: Black 1pt solid; text-align: center"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Number of Shares of Boost Run Common Stock issued to Boost Run Holdings Unit Holders upon Closing </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 30%; text-align: center">Class A Units</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right"><span id="xdx_909_eus-gaap--SharesOutstanding_iI_pid_c20260930__srt--TitleOfIndividualAxis__custom--BoostRunHoldingsMember__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_z6BLIrbK5Jw1" title="Class A Units">8,500</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 28%; text-align: center">Class B</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">29,533,018</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: center">Class B Units</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_906_eus-gaap--SharesOutstanding_iI_pid_c20260930__srt--TitleOfIndividualAxis__custom--BoostRunHoldingsMember__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zYAx7dRgyXfk" title="Class B Units">4,149</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center">Class A</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">14,241,982</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center; padding-bottom: 1pt">Class C Units</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_90A_eus-gaap--SharesOutstanding_iI_pid_c20260930__srt--TitleOfIndividualAxis__custom--BoostRunHoldingsMember__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassCMember_z2MJ6d5nEAMd" title="Class C Units">128</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt">Class A</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">375,000</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">12,777</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">44,150,000</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table>

8500

29533018

4149

14241982

128

375000

12777

44150000

The following table illustrates the combined share ownership after the Closing. Schedule of Share Ownership <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: center">Combined Share Ownership </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; width: 68%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; width: 1%"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 17%; text-align: center">Shares</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: center"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 13%; text-align: center">%</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCECFF"> <td style="font: 10pt Times New Roman, Times, Serif">Boost Run Class A Common Stock issued to Sponsors and SPV</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right"><span id="xdx_902_esrt--StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased_iI_pid_c20260930__us-gaap--StatementClassOfStockAxis__custom--CommonClassAOneMember__srt--TitleOfIndividualAxis__custom--SponsorsAndSPVMember_zhKKSSs2IAwb" title="Combined share ownership, shares">4,628,674 </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right"><span id="xdx_907_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20260930__us-gaap--StatementClassOfStockAxis__custom--CommonClassAOneMember__srt--TitleOfIndividualAxis__custom--SponsorsAndSPVMember__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__us-gaap--OtherInvesteesMember_zjZsH4yJgE91" title="Combined share ownership, percent">8%</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif">Boost Run Class A Common Stock issued to Willow Lane public shareholders</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right"><span id="xdx_906_esrt--StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased_iI_pid_c20260930__us-gaap--StatementClassOfStockAxis__custom--CommonClassAOneMember__srt--TitleOfIndividualAxis__custom--WillowLanePublicShareholdersMember_z7mbz6nO2bz5" title="Combined share ownership, shares">12,650,000 </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right"><span id="xdx_906_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20260930__us-gaap--StatementClassOfStockAxis__custom--CommonClassAOneMember__srt--TitleOfIndividualAxis__custom--WillowLanePublicShareholdersMember__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__us-gaap--OtherInvesteesMember_zpVXaBONz7Ra" title="Class B Units">21%</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCECFF"> <td style="font: 10pt Times New Roman, Times, Serif">Boost Run Class B Common Stock issued to Boost Run Holdings Unit Holders</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right"><span id="xdx_90D_esrt--StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased_iI_pid_c20260930__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember__srt--TitleOfIndividualAxis__custom--BoostRunHoldingsMember_z0pD117mw164" title="Combined share ownership, shares">29,533,018 </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right"><span id="xdx_900_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20260930__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember__srt--TitleOfIndividualAxis__custom--BoostRunHoldingsMember__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__us-gaap--OtherInvesteesMember_zsXMCy1ZsxHh" title="Class B Units">48%</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif">Boost Run Class A Common Stock issued to Boost Run Holdings Unit Holders</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right"><span id="xdx_90B_esrt--StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased_iI_pid_c20260930__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember__srt--TitleOfIndividualAxis__custom--BoostRunHoldingsOneMember_zgpdEpOxHFBj" title="Combined share ownership, shares">14,616,982 </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right"><span id="xdx_90D_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20260930__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember__srt--TitleOfIndividualAxis__custom--BoostRunHoldingsOneMember__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__us-gaap--OtherInvesteesMember_zxQieLumUVVe" title="Class B Units">23%</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCECFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt; white-space: nowrap">Total shares of Boost Run Common Stock</td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap"> </td> <td style="border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right">61,428,674 </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right"> </td> <td style="border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right"><span id="xdx_905_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20260930__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__us-gaap--OtherInvesteesMember_z9vepprg364d">100%</td></tr> </table> 4628674

0.08

12650000

0.21

29533018

0.48

14616982

0.23

61428674

Note 3. Summary of Significant Accounting Policies Use of Estimates The preparation of financial statements in accordance with GAAP requires management to make certain estimates and assumptions. These estimates and assumptions impact the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities as of the date of the interim condensed consolidated financial statements, and the recognition of revenues and expenses during the reporting period. Estimates and judgments are based on several factors including historical experience, the facts and circumstances available at the time the estimates are made, general economic conditions and trends and the assessment of the probable future outcome. Significant estimates include the useful lives assigned to equipment and intangible assets, the fair value of blockchain awards receivable, the discount rates used for operating and finance leases, unit-based compensation including the determination of the fair value of the Company’s Class B units (the “Profit Interest Units”), restricted stock units (“RSUs”) and warrants, the determination of the fair value of the Company’s Class C units issued in conjunction with the execution of the Bridge Loan Agreement (see Note 13 – Financial Obligations and Debt), prior to the SPAC Merger, the non-employee share-based award (see Note 16 – Stock-based Compensation) and the discount rate used to determine the present value of the deferred payment obligations associated with the Company’s software licensing and support services arrangement, which contains a significant financing component. Also, see Note 8 – Software Licensing and Support Arrangements. Actual results could differ from those estimates. Estimates and assumptions are reviewed periodically and the effects of changes, if any, are reflected in the statements of operations in the period that they are determined. Restricted Cash Restricted cash primarily consists of funds held in segregated accounts pursuant to contractual arrangements and is not available for general corporate purposes. The restrictions are expected to lapse upon the satisfaction of specified contractual requirements. Amounts expected to be released within one year are classified as current assets, while amounts expected to remain restricted beyond one year are classified as noncurrent assets. Equipment, net Equipment acquired by the Company is recorded at cost, net of accumulated depreciation. Expenditures for repairs and maintenance are expensed as incurred, if any. Depreciation is computed using the straight-line method over the estimated useful life of the respective assets as follows: Schedule of Estimated Useful Life <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="background-color: White; width: 30%; text-align: left">Computer hardware</td><td style="background-color: White; width: 2%"> </td> <td style="background-color: White; width: 68%; text-align: left">4 years</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="background-color: White; text-align: left">Tool and machine</td><td style="background-color: White"> </td> <td style="background-color: White; text-align: left">4 years</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="background-color: White; text-align: left">Computer equipment</td><td style="background-color: White"> </td> <td style="background-color: White; text-align: left">3 years</td></tr> </table> Fixed Assets Not In Service Fixed assets not yet placed into service consist of costs incurred to acquire, construct, or develop long-lived assets that are not yet ready for their intended use and are recorded within equipment, net. Capitalized costs include direct materials and services, payroll and related costs for employees directly involved in the project, and other costs necessary to bring the assets to a condition and location for their intended use. Interest is capitalized for qualifying assets in accordance with ASC 835-20. Assets not in service are not depreciated until they are substantially complete and ready for their intended use, at which time they are placed into service and reclassified to the appropriate equipment category. The Company evaluates these assets for impairment in accordance with ASC 360 when events or changes in circumstances indicate the carrying amount may not be recoverable, including instances of project delays, changes in scope, or abandonment. Capitalized costs associated with abandoned projects are written off in the period such determination is made. Intangible Assets, net The Company’s intangible assets consist primarily of software licenses and IP addresses. Intangible assets are recognized when acquired and are measured at cost. Intangible assets are evaluated to determine whether they are definite-lived or indefinite-lived based on legal, regulatory, contractual, economic, and other relevant factors. Definite-lived intangible assets are amortized on a straight-line basis over their estimated useful lives. Software license assets are amortized over the contractual license period, which management has concluded represents the estimated useful life of the underlying licenses. Indefinite-lived intangible assets are not amortized. The Company may also enter into arrangements that contain software licenses, support services, subscription offerings, implementation services, and financing components. Consideration allocated to software licenses is capitalized as an intangible asset and amortized over the applicable license term. Amounts allocated to support services and subscription offerings are recorded as other assets and recognized as expense over the period the related benefits are received. Amounts allocated to implementation services are recognized as expense as the services are performed. Intangible assets are evaluated for impairment in accordance with ASC 350, Intangibles—Goodwill and Other, for indefinite-lived intangible assets and ASC 360, Property, Plant and Equipment, for definite-lived intangible assets whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Impairment losses, if any, are recognized in the interim condensed consolidated statements of operations. The Company recognized an immaterial impairment charge of $85 related to certain IP address assets during the nine months ended September 30, 2026. Deferred Transaction Costs Deferred transaction costs, consisting of legal and accounting fees and costs relating to the Company’s planned Merger are capitalized and recorded on the interim condensed consolidated balance sheets. The deferred transaction costs were offset against the proceeds received upon the closing of the Business Combination. Upon the closing of the Business Combination on May 8, 2026, deferred transaction costs attributable to the equity issuance of $1,908 were reclassified as a reduction of additional paid-in capital. As of September 30, 2026, and December 31, 2025, there were $0 and $1,002 of deferred transaction costs capitalized, respectively. Leases - Lessor Revenues from GPU Rentals The Company generates revenue by providing customers with access to its high-performance GPU servers under GPU rental agreements. The Company enters into contracts with both end customers and with third parties who separately contract with their own customers to use Boost Run’s services. These agreements contain lease components for the right to use specifically identified GPU servers and related hardware within dedicated data center areas, along with non-lease components for ancillary services which include the provision of power, internet connectivity, security, and customer support. The company has elected the lessor practical expedient available under ASC Topic 842, Leases, to combine the non-lease components that have the same pattern of transfer as the related operating lease components into a single combined component. The single combined component is accounted for under ASC Topic 842 as an operating lease if the lease components are the predominant components and is accounted for under ASC Topic 606 if the nonlease components are the predominant components. The lease components are the predominant components in our GPU rental arrangements and the single combined components in these arrangements are accounted for under the operating lease guidance of ASC Topic 842. The agreements provide customers with the exclusive right to control the use of the GPU servers during the contract term, including the ability to determine workloads, GPU utilization, and end-user access. Lease terms are based on the stated noncancellable initial term of the order, commencing when servers are provisioned. The initial terms of the GPU rental agreements may be extended if mutually agreed by both parties. We have concluded that it is probable that substantially all of the payments will be collected over the term of the arrangements and recognize the combined lease component payments on a straight-line basis over the respective lease terms. The difference between revenue recognized during the period and the contractual payments made is recorded in customer deposits in the interim condensed consolidated balance sheets. Certain agreements include variable payments related to a percentage of net revenues generated in the period or for additional capacity or ancillary services requested by customers. Variable lease payments are recognized in profit or loss when the changes in facts and circumstances on which the variable lease payments are based occur. The GPU servers remain on the Company’s balance sheet and continue to be depreciated over their estimated useful lives of approximately four years. Revenue The Company recognizes revenue in accordance with ASC 606, Revenue from Contract with Customers (“ASC 606”). The core principle of the revenue standard is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods or services. The following five steps are applied to achieve that core principle: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Step 1: Identify the contract with the customer;</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Step 2: Identify the performance obligations in the contract;</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Step 3: Determine the transaction price;</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Step 4: Allocate the transaction price to the performance obligations in the contract; and</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Step 5: Recognize revenue when, or as, the Company satisfies a performance obligation.</td></tr> </table> In order to identify the performance obligations in a contract with a customer, an entity must assess the promised goods or services in the contract and identify each promised good or service that is distinct. A performance obligation meets ASC 606’s definition of a “distinct” good or service (or bundle of goods or services) if both of the following criteria are met: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The customer can benefit from the good or service either on its own or together with other resources that are readily available to the customer (i.e., the good or service is capable of being distinct); and</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The entity’s promise to transfer the good or service to the customer is separately identifiable from other promises in the contract (i.e., the promise to transfer the good or service is distinct within the context of the contract).</td></tr> </table> If a good or service is not distinct, the good or service is combined with other promised goods or services until a bundle of goods or services is identified that is distinct. The transaction price is the amount of consideration to which an entity expects to be entitled in exchange for transferring promised goods or services to a customer. The consideration promised in a contract with a customer may include fixed amounts, variable amounts, or both. When determining the transaction price, an entity must consider the effects of all of the following: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Variable consideration</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Constraining estimates of variable consideration</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The existence of a significant financing component in the contract</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Noncash consideration</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Consideration payable to a customer</td></tr> </table> Variable consideration is included in the transaction price only to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized under the accounting contract will not occur when the uncertainty associated with the variable consideration is subsequently resolved. The transaction price is allocated to each performance obligation on a relative standalone selling price basis. The transaction price allocated to each performance obligation is recognized when that performance obligation is satisfied, at a point in time or over time, as appropriate. Blockchain Rewards Blockchain rewards represent the revenues earned from the provision of GPU computing services to decentralized networks, Bittensor and Aethir. The Company contributes computing power to these networks, who meet the definition of a customer under ASC 606, in exchange for consideration in the form of TAO and ATH respectively (collectively, “digital assets”). The Company’s performance obligation is to provide computing services that support network operations and validation. Each arrangement consists of a single performance obligation that is satisfied over time as the customer simultaneously receives and consumes the benefits of the services provided. Contracts with customers are open-ended and can be terminated at any time without penalty. Accordingly, the contract term is limited to the period in which services are provided. For Bittensor, this period is defined as the processing of a block, or unit of data in the Bittensor blockchain, which takes approximately 72 minutes, after which rewards are calculated and distributed. For Aethir, rewards and service fees are calculated daily. The transaction price is measured at the fair value of the digital assets earned at the end of the contract term when the consideration becomes determinable. Revenue is recognized over time as services are provided, with recognition occurring at the point the earned amount is fixed and determinable. Digital assets received as a form of payment are converted to cash or used to fulfill expenses shortly after they are earned. As such, the Company held $0 in TAO and ATH as of September 30, 2026, and December 31, 2025. Accounts receivable denominated in digital assets represent rights to receive a fixed amount of digital assets and are initially measured at the fair value of the asset receivable. These receivables are accounted for as hybrid instruments, with a receivable host contract that contains an embedded derivative based on the changes in the fair value of the underlying digital asset. The embedded derivative is accounted for at fair value. See Note 10 – Fair Value Measurements. Debt Debt is recorded at amortized cost, net of unamortized debt issuance costs and debt discounts, as applicable. Debt issuance costs and debt discounts are recorded as a reduction of the carrying amount of the related debt obligation and are amortized to interest expense using the effective interest method over the contractual term of the borrowing. The Company evaluates amendments to debt arrangements to determine whether such transactions should be accounted for as debt modifications or extinguishments in accordance with applicable accounting guidance. Stock-Based Compensation The Company accounts for stock-based compensation in accordance with ASC 718, Compensation - Stock Compensation. The Company measures equity-classified awards, including RSUs, based on the grant-date fair value of the underlying common stock. Stock-based compensation expense is recognized on a straight-line basis over the requisite service period for awards that vest based solely on service conditions, with forfeitures recognized as they occur. Income Taxes The Company accounts for income taxes under the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. Under this method, the Company determines deferred tax assets and liabilities on the basis of the differences between the financial statement and tax bases of assets and liabilities by using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates, or a change in the tax status of an entity, on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date or the date the change in tax status becomes effective, as applicable. See Note 19 – Income Taxes for information related to the change in tax status of the Company in connection with the Business Combination. The Company recognizes deferred tax assets to the extent that we believe that these assets are more likely than not to be realized. In making such a determination, the Company considers all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax-planning strategies, and results of recent operations. If the Company determines that it would be able to realize its deferred tax assets in the future in excess of their net recorded amount, the Company would make an adjustment to the deferred tax asset valuation allowance, which would reduce the provision for income taxes. The Company records uncertain tax positions in accordance with ASC 740, Income Taxes on the basis of a two-step process in which (1) we determine whether it is more likely than not that the tax positions will be sustained on the basis of the technical merits of the position and (2) for those tax positions that meet the more-likely-than-not recognition threshold, we recognize the largest amount of tax benefit that is more than 50 percent likely to be realized upon ultimate settlement with the related tax authority. We recognize interest and penalties related to unrecognized tax benefits on the provision for income tax expenses in the accompanying interim condensed consolidated statement of operations. Segment Information The Company determined its operating segment after considering its organizational structure and the information regularly reviewed and evaluated by its chief operating decision maker (“CODM”) in deciding how to allocate resources and assess performance. The Company has determined that its CODM is its Chief Executive Officer, who reviews the financial information on a regular basis for purposes of making operating decisions, allocation of resources, and assessing financial performance. The CODM uses net income (loss) to measure segment profit or loss in order to identify underlying trends in the performance of the business for purposes of allocating resources and evaluating financial performance. The Company’s objective in making resource allocation decisions is to optimize the financial results. Significant segment expenses that the CODM reviews and utilizes to manage the Company’s operations are cost of revenue and selling, general and administrative expenses at the level which are presented in the Company’s statements of operations. On the basis of these factors, the Company determined that it operates and manages its business as one operating segment and, therefore, has <span id="xdx_90C_eus-gaap--NumberOfReportableSegments_dc_uSegment_c20260101__20260930__us-gaap--StatementBusinessSegmentsAxis__custom--SingleReportableSegmentMember_zOVDCENmywT5" title="Number of reportable segment">one reportable segment. The Company’s primary source of income is from GPU rental services. All ancillary revenue sources—such as revenue generated through the Boost Run Platform, third-party platforms, or brokers—are aggregated within this segment, as they primarily support the provision of GPU rental services. All of the Company’s long-lived assets are located in the United States, and substantially all revenue is earned from providing GPU rental services to customers throughout the United States. Emerging Growth Company Status The Company is an emerging growth company, as defined in the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”). Under the JOBS Act, emerging growth companies can delay adopting new or revised accounting standards issued subsequent to the enactment of the JOBS Act, until such time as those standards apply to private companies. The Company has elected to use this extended transition period for complying with new or revised accounting standards that have different effective dates for public and private companies until the earlier of the date that it (i) is no longer an emerging growth company or (ii) affirmatively and irrevocably opts out of the extended transition period provided in the JOBS Act. As a result, these interim condensed consolidated financial statements may not be comparable to companies that comply with the new or revised accounting pronouncements as of public company effective dates. Recently Adopted Accounting Pronouncements In July 2025, the FASB issued ASU 2025-05, Measurement of Credit Losses for Accounts Receivable and Contract Assets (“ASU 2025-05”) amending ASC 326, Credit Losses, which provides a practical expedient for all entities in developing reasonable and supportable forecasts as part of estimating expected credit losses to assume that current conditions as of the balance sheet date do not change for the remaining life of the asset. The amendments in ASU 2025-05 are effective for annual reporting periods beginning after December 15, 2025, and interim reporting periods within those annual reporting periods, with early adoption permitted. The Company adopted ASU 2025-05 on January 1, 2026, and the adoption did not have a material impact on the Company’s interim condensed consolidated financial statements. Accounting Pronouncements Not Yet Adopted In November 2024, the FASB issued ASU 2024-03, Disaggregation of Income Statement Expenses (“ASU 2024-03”), which requires entities to disaggregate any relevant expense caption presented on the face of the income statement within continuing operations into the following required natural expense categories, as applicable: (1) purchases of inventory, (2) employee compensation, (3) depreciation, (4) intangible asset amortization, and (5) depreciation, depletion, and amortization recognized as part of oil- and gas-producing activities or other depletion expenses. The guidance is effective for fiscal years beginning after December 15, 2026, and interim periods beginning after December 15, 2027, with early adoption permitted. The Company is currently evaluating the impact this amended guidance may have on its interim condensed consolidated financial statements. There are no other new accounting pronouncements that are expected to have a significant impact on the Company’s interim condensed consolidated financial statements.

Use of Estimates The preparation of financial statements in accordance with GAAP requires management to make certain estimates and assumptions. These estimates and assumptions impact the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities as of the date of the interim condensed consolidated financial statements, and the recognition of revenues and expenses during the reporting period. Estimates and judgments are based on several factors including historical experience, the facts and circumstances available at the time the estimates are made, general economic conditions and trends and the assessment of the probable future outcome. Significant estimates include the useful lives assigned to equipment and intangible assets, the fair value of blockchain awards receivable, the discount rates used for operating and finance leases, unit-based compensation including the determination of the fair value of the Company’s Class B units (the “Profit Interest Units”), restricted stock units (“RSUs”) and warrants, the determination of the fair value of the Company’s Class C units issued in conjunction with the execution of the Bridge Loan Agreement (see Note 13 – Financial Obligations and Debt), prior to the SPAC Merger, the non-employee share-based award (see Note 16 – Stock-based Compensation) and the discount rate used to determine the present value of the deferred payment obligations associated with the Company’s software licensing and support services arrangement, which contains a significant financing component. Also, see Note 8 – Software Licensing and Support Arrangements. Actual results could differ from those estimates. Estimates and assumptions are reviewed periodically and the effects of changes, if any, are reflected in the statements of operations in the period that they are determined.

Restricted Cash Restricted cash primarily consists of funds held in segregated accounts pursuant to contractual arrangements and is not available for general corporate purposes. The restrictions are expected to lapse upon the satisfaction of specified contractual requirements. Amounts expected to be released within one year are classified as current assets, while amounts expected to remain restricted beyond one year are classified as noncurrent assets.

Equipment, net Equipment acquired by the Company is recorded at cost, net of accumulated depreciation. Expenditures for repairs and maintenance are expensed as incurred, if any. Depreciation is computed using the straight-line method over the estimated useful life of the respective assets as follows: Schedule of Estimated Useful Life <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="background-color: White; width: 30%; text-align: left">Computer hardware</td><td style="background-color: White; width: 2%"> </td> <td style="background-color: White; width: 68%; text-align: left">4 years</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="background-color: White; text-align: left">Tool and machine</td><td style="background-color: White"> </td> <td style="background-color: White; text-align: left">4 years</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="background-color: White; text-align: left">Computer equipment</td><td style="background-color: White"> </td> <td style="background-color: White; text-align: left">3 years</td></tr> </table>

Equipment acquired by the Company is recorded at cost, net of accumulated depreciation. Expenditures for repairs and maintenance are expensed as incurred, if any. Depreciation is computed using the straight-line method over the estimated useful life of the respective assets as follows: Schedule of Estimated Useful Life <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="background-color: White; width: 30%; text-align: left">Computer hardware</td><td style="background-color: White; width: 2%"> </td> <td style="background-color: White; width: 68%; text-align: left">4 years</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="background-color: White; text-align: left">Tool and machine</td><td style="background-color: White"> </td> <td style="background-color: White; text-align: left">4 years</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="background-color: White; text-align: left">Computer equipment</td><td style="background-color: White"> </td> <td style="background-color: White; text-align: left">3 years</td></tr> </table>

P4Y

P3Y

Fixed Assets Not In Service Fixed assets not yet placed into service consist of costs incurred to acquire, construct, or develop long-lived assets that are not yet ready for their intended use and are recorded within equipment, net. Capitalized costs include direct materials and services, payroll and related costs for employees directly involved in the project, and other costs necessary to bring the assets to a condition and location for their intended use. Interest is capitalized for qualifying assets in accordance with ASC 835-20. Assets not in service are not depreciated until they are substantially complete and ready for their intended use, at which time they are placed into service and reclassified to the appropriate equipment category. The Company evaluates these assets for impairment in accordance with ASC 360 when events or changes in circumstances indicate the carrying amount may not be recoverable, including instances of project delays, changes in scope, or abandonment. Capitalized costs associated with abandoned projects are written off in the period such determination is made.

Intangible Assets, net The Company’s intangible assets consist primarily of software licenses and IP addresses. Intangible assets are recognized when acquired and are measured at cost. Intangible assets are evaluated to determine whether they are definite-lived or indefinite-lived based on legal, regulatory, contractual, economic, and other relevant factors. Definite-lived intangible assets are amortized on a straight-line basis over their estimated useful lives. Software license assets are amortized over the contractual license period, which management has concluded represents the estimated useful life of the underlying licenses. Indefinite-lived intangible assets are not amortized. The Company may also enter into arrangements that contain software licenses, support services, subscription offerings, implementation services, and financing components. Consideration allocated to software licenses is capitalized as an intangible asset and amortized over the applicable license term. Amounts allocated to support services and subscription offerings are recorded as other assets and recognized as expense over the period the related benefits are received. Amounts allocated to implementation services are recognized as expense as the services are performed. Intangible assets are evaluated for impairment in accordance with ASC 350, Intangibles—Goodwill and Other, for indefinite-lived intangible assets and ASC 360, Property, Plant and Equipment, for definite-lived intangible assets whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Impairment losses, if any, are recognized in the interim condensed consolidated statements of operations. The Company recognized an immaterial impairment charge of $85 related to certain IP address assets during the nine months ended September 30, 2026.

85000

Deferred Transaction Costs Deferred transaction costs, consisting of legal and accounting fees and costs relating to the Company’s planned Merger are capitalized and recorded on the interim condensed consolidated balance sheets. The deferred transaction costs were offset against the proceeds received upon the closing of the Business Combination. Upon the closing of the Business Combination on May 8, 2026, deferred transaction costs attributable to the equity issuance of $1,908 were reclassified as a reduction of additional paid-in capital. As of September 30, 2026, and December 31, 2025, there were $0 and $1,002 of deferred transaction costs capitalized, respectively.

1908000

1002000

Leases - Lessor Revenues from GPU Rentals The Company generates revenue by providing customers with access to its high-performance GPU servers under GPU rental agreements. The Company enters into contracts with both end customers and with third parties who separately contract with their own customers to use Boost Run’s services. These agreements contain lease components for the right to use specifically identified GPU servers and related hardware within dedicated data center areas, along with non-lease components for ancillary services which include the provision of power, internet connectivity, security, and customer support. The company has elected the lessor practical expedient available under ASC Topic 842, Leases, to combine the non-lease components that have the same pattern of transfer as the related operating lease components into a single combined component. The single combined component is accounted for under ASC Topic 842 as an operating lease if the lease components are the predominant components and is accounted for under ASC Topic 606 if the nonlease components are the predominant components. The lease components are the predominant components in our GPU rental arrangements and the single combined components in these arrangements are accounted for under the operating lease guidance of ASC Topic 842. The agreements provide customers with the exclusive right to control the use of the GPU servers during the contract term, including the ability to determine workloads, GPU utilization, and end-user access. Lease terms are based on the stated noncancellable initial term of the order, commencing when servers are provisioned. The initial terms of the GPU rental agreements may be extended if mutually agreed by both parties. We have concluded that it is probable that substantially all of the payments will be collected over the term of the arrangements and recognize the combined lease component payments on a straight-line basis over the respective lease terms. The difference between revenue recognized during the period and the contractual payments made is recorded in customer deposits in the interim condensed consolidated balance sheets. Certain agreements include variable payments related to a percentage of net revenues generated in the period or for additional capacity or ancillary services requested by customers. Variable lease payments are recognized in profit or loss when the changes in facts and circumstances on which the variable lease payments are based occur. The GPU servers remain on the Company’s balance sheet and continue to be depreciated over their estimated useful lives of approximately four years.

Revenue The Company recognizes revenue in accordance with ASC 606, Revenue from Contract with Customers (“ASC 606”). The core principle of the revenue standard is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods or services. The following five steps are applied to achieve that core principle: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Step 1: Identify the contract with the customer;</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Step 2: Identify the performance obligations in the contract;</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Step 3: Determine the transaction price;</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Step 4: Allocate the transaction price to the performance obligations in the contract; and</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Step 5: Recognize revenue when, or as, the Company satisfies a performance obligation.</td></tr> </table> In order to identify the performance obligations in a contract with a customer, an entity must assess the promised goods or services in the contract and identify each promised good or service that is distinct. A performance obligation meets ASC 606’s definition of a “distinct” good or service (or bundle of goods or services) if both of the following criteria are met: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The customer can benefit from the good or service either on its own or together with other resources that are readily available to the customer (i.e., the good or service is capable of being distinct); and</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The entity’s promise to transfer the good or service to the customer is separately identifiable from other promises in the contract (i.e., the promise to transfer the good or service is distinct within the context of the contract).</td></tr> </table> If a good or service is not distinct, the good or service is combined with other promised goods or services until a bundle of goods or services is identified that is distinct. The transaction price is the amount of consideration to which an entity expects to be entitled in exchange for transferring promised goods or services to a customer. The consideration promised in a contract with a customer may include fixed amounts, variable amounts, or both. When determining the transaction price, an entity must consider the effects of all of the following: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Variable consideration</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Constraining estimates of variable consideration</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The existence of a significant financing component in the contract</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Noncash consideration</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Consideration payable to a customer</td></tr> </table> Variable consideration is included in the transaction price only to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized under the accounting contract will not occur when the uncertainty associated with the variable consideration is subsequently resolved. The transaction price is allocated to each performance obligation on a relative standalone selling price basis. The transaction price allocated to each performance obligation is recognized when that performance obligation is satisfied, at a point in time or over time, as appropriate. Blockchain Rewards Blockchain rewards represent the revenues earned from the provision of GPU computing services to decentralized networks, Bittensor and Aethir. The Company contributes computing power to these networks, who meet the definition of a customer under ASC 606, in exchange for consideration in the form of TAO and ATH respectively (collectively, “digital assets”). The Company’s performance obligation is to provide computing services that support network operations and validation. Each arrangement consists of a single performance obligation that is satisfied over time as the customer simultaneously receives and consumes the benefits of the services provided. Contracts with customers are open-ended and can be terminated at any time without penalty. Accordingly, the contract term is limited to the period in which services are provided. For Bittensor, this period is defined as the processing of a block, or unit of data in the Bittensor blockchain, which takes approximately 72 minutes, after which rewards are calculated and distributed. For Aethir, rewards and service fees are calculated daily. The transaction price is measured at the fair value of the digital assets earned at the end of the contract term when the consideration becomes determinable. Revenue is recognized over time as services are provided, with recognition occurring at the point the earned amount is fixed and determinable. Digital assets received as a form of payment are converted to cash or used to fulfill expenses shortly after they are earned. As such, the Company held $0 in TAO and ATH as of September 30, 2026, and December 31, 2025. Accounts receivable denominated in digital assets represent rights to receive a fixed amount of digital assets and are initially measured at the fair value of the asset receivable. These receivables are accounted for as hybrid instruments, with a receivable host contract that contains an embedded derivative based on the changes in the fair value of the underlying digital asset. The embedded derivative is accounted for at fair value. See Note 10 – Fair Value Measurements.

0 0

Debt Debt is recorded at amortized cost, net of unamortized debt issuance costs and debt discounts, as applicable. Debt issuance costs and debt discounts are recorded as a reduction of the carrying amount of the related debt obligation and are amortized to interest expense using the effective interest method over the contractual term of the borrowing. The Company evaluates amendments to debt arrangements to determine whether such transactions should be accounted for as debt modifications or extinguishments in accordance with applicable accounting guidance.

Stock-Based Compensation The Company accounts for stock-based compensation in accordance with ASC 718, Compensation - Stock Compensation. The Company measures equity-classified awards, including RSUs, based on the grant-date fair value of the underlying common stock. Stock-based compensation expense is recognized on a straight-line basis over the requisite service period for awards that vest based solely on service conditions, with forfeitures recognized as they occur.

Income Taxes The Company accounts for income taxes under the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. Under this method, the Company determines deferred tax assets and liabilities on the basis of the differences between the financial statement and tax bases of assets and liabilities by using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates, or a change in the tax status of an entity, on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date or the date the change in tax status becomes effective, as applicable. See Note 19 – Income Taxes for information related to the change in tax status of the Company in connection with the Business Combination. The Company recognizes deferred tax assets to the extent that we believe that these assets are more likely than not to be realized. In making such a determination, the Company considers all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax-planning strategies, and results of recent operations. If the Company determines that it would be able to realize its deferred tax assets in the future in excess of their net recorded amount, the Company would make an adjustment to the deferred tax asset valuation allowance, which would reduce the provision for income taxes. The Company records uncertain tax positions in accordance with ASC 740, Income Taxes on the basis of a two-step process in which (1) we determine whether it is more likely than not that the tax positions will be sustained on the basis of the technical merits of the position and (2) for those tax positions that meet the more-likely-than-not recognition threshold, we recognize the largest amount of tax benefit that is more than 50 percent likely to be realized upon ultimate settlement with the related tax authority. We recognize interest and penalties related to unrecognized tax benefits on the provision for income tax expenses in the accompanying interim condensed consolidated statement of operations.

Segment Information The Company determined its operating segment after considering its organizational structure and the information regularly reviewed and evaluated by its chief operating decision maker (“CODM”) in deciding how to allocate resources and assess performance. The Company has determined that its CODM is its Chief Executive Officer, who reviews the financial information on a regular basis for purposes of making operating decisions, allocation of resources, and assessing financial performance. The CODM uses net income (loss) to measure segment profit or loss in order to identify underlying trends in the performance of the business for purposes of allocating resources and evaluating financial performance. The Company’s objective in making resource allocation decisions is to optimize the financial results. Significant segment expenses that the CODM reviews and utilizes to manage the Company’s operations are cost of revenue and selling, general and administrative expenses at the level which are presented in the Company’s statements of operations. On the basis of these factors, the Company determined that it operates and manages its business as one operating segment and, therefore, has <span id="xdx_90C_eus-gaap--NumberOfReportableSegments_dc_uSegment_c20260101__20260930__us-gaap--StatementBusinessSegmentsAxis__custom--SingleReportableSegmentMember_zOVDCENmywT5" title="Number of reportable segment">one reportable segment. The Company’s primary source of income is from GPU rental services. All ancillary revenue sources—such as revenue generated through the Boost Run Platform, third-party platforms, or brokers—are aggregated within this segment, as they primarily support the provision of GPU rental services. All of the Company’s long-lived assets are located in the United States, and substantially all revenue is earned from providing GPU rental services to customers throughout the United States.

Emerging Growth Company Status The Company is an emerging growth company, as defined in the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”). Under the JOBS Act, emerging growth companies can delay adopting new or revised accounting standards issued subsequent to the enactment of the JOBS Act, until such time as those standards apply to private companies. The Company has elected to use this extended transition period for complying with new or revised accounting standards that have different effective dates for public and private companies until the earlier of the date that it (i) is no longer an emerging growth company or (ii) affirmatively and irrevocably opts out of the extended transition period provided in the JOBS Act. As a result, these interim condensed consolidated financial statements may not be comparable to companies that comply with the new or revised accounting pronouncements as of public company effective dates.

Recently Adopted Accounting Pronouncements In July 2025, the FASB issued ASU 2025-05, Measurement of Credit Losses for Accounts Receivable and Contract Assets (“ASU 2025-05”) amending ASC 326, Credit Losses, which provides a practical expedient for all entities in developing reasonable and supportable forecasts as part of estimating expected credit losses to assume that current conditions as of the balance sheet date do not change for the remaining life of the asset. The amendments in ASU 2025-05 are effective for annual reporting periods beginning after December 15, 2025, and interim reporting periods within those annual reporting periods, with early adoption permitted. The Company adopted ASU 2025-05 on January 1, 2026, and the adoption did not have a material impact on the Company’s interim condensed consolidated financial statements.

Accounting Pronouncements Not Yet Adopted In November 2024, the FASB issued ASU 2024-03, Disaggregation of Income Statement Expenses (“ASU 2024-03”), which requires entities to disaggregate any relevant expense caption presented on the face of the income statement within continuing operations into the following required natural expense categories, as applicable: (1) purchases of inventory, (2) employee compensation, (3) depreciation, (4) intangible asset amortization, and (5) depreciation, depletion, and amortization recognized as part of oil- and gas-producing activities or other depletion expenses. The guidance is effective for fiscal years beginning after December 15, 2026, and interim periods beginning after December 15, 2027, with early adoption permitted. The Company is currently evaluating the impact this amended guidance may have on its interim condensed consolidated financial statements. There are no other new accounting pronouncements that are expected to have a significant impact on the Company’s interim condensed consolidated financial statements. Note 4. Prepaid Expenses Prepaid expenses consisted of the following: Schedule of Prepaid Expenses <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_491_20260930_z9jCUFWrNNeb" style="font-weight: bold; text-align: center">September 30,</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49C_20251231_zyplVOIk03fj" style="font-weight: bold; text-align: center">December 31,</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_400_ecustom--OperatingLeasePrepaid_iI_pn3n3_maPEAOAzEEE_zZjxHlhml3g4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; width: 60%">Operating and finance lease prepaid</td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%">$</td><td style="text-align: right; width: 16%">12,364</td><td style="text-align: left; width: 1%"> </td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%">$</td><td style="text-align: right; width: 16%">6,050</td><td style="text-align: left; width: 1%"> </td></tr> <tr id="xdx_40B_ecustom--PrepaidServiceFee_iI_pn3n3_maPEAOAzEEE_zTTAsJ8k5FDl" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Software and apps</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,084</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--PrepaidInsurance_iI_pn3n3_maPEAOAzEEE_zFTHPuZeZuQ5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Insurance</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,992</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--OtherPrepaidExpenseCurrent_iI_pn3n3_maPEAOAzEEE_zKl5rfFb32zh" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Other</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">421</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">137</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--PrepaidExpenseCurrent_iTI_pn3n3_mtPEAOAzEEE_zwqK3CiLhqaf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Total prepaid expenses, current</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">19,861</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">6,187</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_402_ecustom--PrepaidServiceFeeNonCurrent_iI_pn3n3_maPENzYn1_z9AZG5Pui6we" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Software and apps</td><td> </td> <td style="text-align: left"></td><td style="text-align: right">828</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_ecustom--PrepaidInsuranceNonCurrent_iI_pn3n3_maPENzYn1_zugugSxhRUN6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Insurance</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">64</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_ecustom--ContractLaborNonCurrent_iI_pn3n3_maPENzYn1_zNSK1W0Q6ipi" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Contract labor</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">56</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_ecustom--OtherPrepaidExpenseNonCurrent_iI_pn3n3_maPENzYn1_znneSCTsLVa2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Other</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">13</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--PrepaidExpenseNoncurrent_iI_mtPENzYn1_zP4cf2ekgBW4" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Total prepaid expenses, non-current</td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">961</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table>

Prepaid expenses consisted of the following: Schedule of Prepaid Expenses <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_491_20260930_z9jCUFWrNNeb" style="font-weight: bold; text-align: center">September 30,</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49C_20251231_zyplVOIk03fj" style="font-weight: bold; text-align: center">December 31,</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_400_ecustom--OperatingLeasePrepaid_iI_pn3n3_maPEAOAzEEE_zZjxHlhml3g4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; width: 60%">Operating and finance lease prepaid</td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%">$</td><td style="text-align: right; width: 16%">12,364</td><td style="text-align: left; width: 1%"> </td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%">$</td><td style="text-align: right; width: 16%">6,050</td><td style="text-align: left; width: 1%"> </td></tr> <tr id="xdx_40B_ecustom--PrepaidServiceFee_iI_pn3n3_maPEAOAzEEE_zTTAsJ8k5FDl" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Software and apps</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,084</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--PrepaidInsurance_iI_pn3n3_maPEAOAzEEE_zFTHPuZeZuQ5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Insurance</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,992</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--OtherPrepaidExpenseCurrent_iI_pn3n3_maPEAOAzEEE_zKl5rfFb32zh" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Other</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">421</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">137</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--PrepaidExpenseCurrent_iTI_pn3n3_mtPEAOAzEEE_zwqK3CiLhqaf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Total prepaid expenses, current</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">19,861</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">6,187</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_402_ecustom--PrepaidServiceFeeNonCurrent_iI_pn3n3_maPENzYn1_z9AZG5Pui6we" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Software and apps</td><td> </td> <td style="text-align: left"></td><td style="text-align: right">828</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_ecustom--PrepaidInsuranceNonCurrent_iI_pn3n3_maPENzYn1_zugugSxhRUN6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Insurance</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">64</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_ecustom--ContractLaborNonCurrent_iI_pn3n3_maPENzYn1_zNSK1W0Q6ipi" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Contract labor</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">56</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_ecustom--OtherPrepaidExpenseNonCurrent_iI_pn3n3_maPENzYn1_znneSCTsLVa2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Other</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">13</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--PrepaidExpenseNoncurrent_iI_mtPENzYn1_zP4cf2ekgBW4" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Total prepaid expenses, non-current</td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">961</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table>

12364000 6050000 4084000

2992000

421000

137000

19861000

6187000

828000 64000 56000 13000

961000

Note 5. Equipment, Net Equipment, net consisted of the following: Schedule of Equipment <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_492_20260930_zUWhPheKz0p6" style="font-weight: bold; text-align: center">September 30,</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49F_20251231_zaoAAwxrnLNa" style="font-weight: bold; text-align: center">December 31,</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_404_eus-gaap--PropertyPlantAndEquipmentGross_iI_pn3n3_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ComputerHardwareMember_zdBmFPSAqw53" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Computer hardware</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">49,604</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">11,025</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--PropertyPlantAndEquipmentGross_iI_pn3n3_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FixedAssetsMember_zTXoQlTh5Y0e" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Fixed assets not in service</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">12,101</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8,094</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--PropertyPlantAndEquipmentGross_iI_pn3n3_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ToolAndMachineMember_zqj4g2ke0L77" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Tool and machine</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">139</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--PropertyPlantAndEquipmentGross_iI_pn3n3_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--ComputerEquipmentMember_zihc69akPEAk" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Computer equipment</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">40</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">28</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--PropertyPlantAndEquipmentGross_iI_pn3n3_maPPAENzliV_z57xg7FsfWqk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Property plant and equipment, gross</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">61,884</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">19,147</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iNI_pn3n3_di_msPPAENzliV_zpa2O4xcBwL6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Less: accumulated depreciation</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(10,320</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(4,281</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_405_eus-gaap--PropertyPlantAndEquipmentNet_iTI_pn3n3_mtPPAENzliV_zl9N03vKVVD4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Equipment, net</td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">51,564</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">14,866</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> All computer hardware shown above is leased to customers under operating lease arrangements. Depreciation expense for equipment was $2,753 and $659 during the three months ended September 30, 2026 and 2025, respectively and was $6,039 and $1,794 during the nine months ended September 30, 2026 and 2025, respectively. The net carrying value of disposals of long-lived assets for the nine months ended September 30, 2026 and 2025 was $0 and $1,110, respectively.

Equipment, net consisted of the following: Schedule of Equipment <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_492_20260930_zUWhPheKz0p6" style="font-weight: bold; text-align: center">September 30,</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49F_20251231_zaoAAwxrnLNa" style="font-weight: bold; text-align: center">December 31,</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_404_eus-gaap--PropertyPlantAndEquipmentGross_iI_pn3n3_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ComputerHardwareMember_zdBmFPSAqw53" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Computer hardware</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">49,604</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">11,025</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--PropertyPlantAndEquipmentGross_iI_pn3n3_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FixedAssetsMember_zTXoQlTh5Y0e" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Fixed assets not in service</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">12,101</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8,094</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--PropertyPlantAndEquipmentGross_iI_pn3n3_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ToolAndMachineMember_zqj4g2ke0L77" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Tool and machine</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">139</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--PropertyPlantAndEquipmentGross_iI_pn3n3_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--ComputerEquipmentMember_zihc69akPEAk" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Computer equipment</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">40</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">28</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--PropertyPlantAndEquipmentGross_iI_pn3n3_maPPAENzliV_z57xg7FsfWqk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Property plant and equipment, gross</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">61,884</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">19,147</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iNI_pn3n3_di_msPPAENzliV_zpa2O4xcBwL6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Less: accumulated depreciation</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(10,320</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(4,281</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_405_eus-gaap--PropertyPlantAndEquipmentNet_iTI_pn3n3_mtPPAENzliV_zl9N03vKVVD4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Equipment, net</td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">51,564</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">14,866</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table>

49604000

11025000

12101000

8094000

139000

40000

28000

61884000

19147000

10320000

4281000

51564000

14866000

2753000

659000

6039000

1794000

1110000

Note 6. Intangible Assets, Net The following table provides the gross carrying amount and accumulated amortization for each major class of intangible asset: Schedule of Intangible Assets <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="14" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">September 30, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="10" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">December 31, 2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Gross carrying amount</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Accumulated amortization</td><td style="padding-bottom: 1pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Impairment</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Net</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Gross carrying amount</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Accumulated amortization</td><td style="padding-bottom: 1pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Net</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Intangible assets subject to amortization</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; width: 30%; text-align: left; padding-bottom: 1pt">Software licenses (Note 8)</td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td id="xdx_980_eus-gaap--FiniteLivedIntangibleAssetsGross_iI_pn3n3_c20260930__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--SoftwareLicensesMember_zoQ4iGGcXaf2" style="border-bottom: Black 1pt solid; width: 6%; text-align: right" title="Gross carrying amount">50,834</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td id="xdx_987_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_iNI_pn3n3_di_c20260930__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--SoftwareLicensesMember_zI8HfG0a4tEf" style="border-bottom: Black 1pt solid; width: 6%; text-align: right" title="Accumulated amortization">(4,201</td><td style="width: 1%; padding-bottom: 1pt; text-align: left">)</td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td id="xdx_98F_ecustom--FiniteLivedIntangibleAssetsImpairment_iNI_pn3n3_di_c20260930__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--SoftwareLicensesMember_zoke8dOEyvS4" style="border-bottom: Black 1pt solid; width: 6%; text-align: right" title="Impairment">-</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td id="xdx_98D_eus-gaap--FiniteLivedIntangibleAssetsNet_iI_pn3n3_c20260930__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--SoftwareLicensesMember_zGT4kk7kjnej" style="border-bottom: Black 1pt solid; width: 6%; text-align: right" title="Net">46,633</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td id="xdx_984_eus-gaap--FiniteLivedIntangibleAssetsGross_iI_pn3n3_c20251231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--SoftwareLicensesMember_zLXiOWWGQa07" style="border-bottom: Black 1pt solid; width: 6%; text-align: right" title="Gross carrying amount">-</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td id="xdx_980_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_iNI_pn3n3_di_c20251231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--SoftwareLicensesMember_zoKc4biVSUVf" style="border-bottom: Black 1pt solid; width: 6%; text-align: right" title="Accumulated amortization">-</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td id="xdx_980_eus-gaap--FiniteLivedIntangibleAssetsNet_iI_pn3n3_c20251231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--SoftwareLicensesMember_zB4Po1RXPC1h" style="border-bottom: Black 1pt solid; width: 6%; text-align: right" title="Net">-</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; font-weight: bold">Total</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td id="xdx_98E_eus-gaap--FiniteLivedIntangibleAssetsGross_iI_pn3n3_c20260930_z0DHLwRomEd8" style="font-weight: bold; text-align: right" title="Gross carrying amount">50,834</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td id="xdx_98E_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_iNI_pn3n3_di_c20260930_zBWZNNHFZLe6" style="font-weight: bold; text-align: right" title="Accumulated amortization">(4,201</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td id="xdx_98A_ecustom--FiniteLivedIntangibleAssetsImpairment_iNI_pn3n3_di_c20260930_zNowHR7Ezxe" style="font-weight: bold; text-align: right" title="Impairment">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td id="xdx_98B_eus-gaap--FiniteLivedIntangibleAssetsNet_iI_pn3n3_c20260930_zYieSG9QOVad" style="font-weight: bold; text-align: right" title="Net">46,633</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td id="xdx_98E_eus-gaap--FiniteLivedIntangibleAssetsGross_iI_pn3n3_c20251231_zXlgWifKOdI4" style="font-weight: bold; text-align: right" title="Gross carrying amount">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td id="xdx_98A_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_iNI_pn3n3_di_c20251231_z8er8kTc8Cah" style="font-weight: bold; text-align: right" title="Accumulated amortization">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td id="xdx_98C_eus-gaap--FiniteLivedIntangibleAssetsNet_iI_pn3n3_c20251231_zT5ZNDwJ2K1f" style="font-weight: bold; text-align: right" title="Net">-</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Intangible assets not subject to amortization</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1pt">IP addresses</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_989_eus-gaap--IndefiniteLivedIntangibleAssetsExcludingGoodwill_iI_pn3n3_c20260930__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__custom--IPAddressesMember_zxOczTp22ITf" style="border-bottom: Black 1pt solid; text-align: right" title="Gross carrying amount">85</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_984_ecustom--IndefiniteLivedIntangibleAssetsAccumulatedAmortization_iNI_pn3n3_di_c20260930__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__custom--IPAddressesMember_zKOF13y2sead" style="border-bottom: Black 1pt solid; text-align: right" title="Accumulated amortization">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_980_ecustom--IndefiniteLivedIntangibleAssetsImpairment_iNI_pn3n3_di_c20260930__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__custom--IPAddressesMember_zfLPVMU85lB" style="border-bottom: Black 1pt solid; text-align: right" title="Impairment">(85</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_984_eus-gaap--IntangibleAssetsNetExcludingGoodwill_iI_pn3n3_c20260930__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__custom--IPAddressesMember_z45rAgNe4bi1" style="border-bottom: Black 1pt solid; text-align: right" title="Net">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_98E_eus-gaap--IndefiniteLivedIntangibleAssetsExcludingGoodwill_iI_pn3n3_c20251231__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__custom--IPAddressesMember_zHYXBdSfAbkl" style="border-bottom: Black 1pt solid; text-align: right" title="Gross carrying amount">16</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_988_ecustom--IndefiniteLivedIntangibleAssetsAccumulatedAmortization_iNI_pn3n3_di_c20251231__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__custom--IPAddressesMember_zviGpTjW9X9f" style="border-bottom: Black 1pt solid; text-align: right" title="Accumulated amortization">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_98B_eus-gaap--IndefiniteLivedIntangibleAssetsExcludingGoodwill_iI_pn3n3_c20251231__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__custom--IPAddressesMember_zg6Yd6vLGEP8" style="border-bottom: Black 1pt solid; text-align: right" title="Net">16</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Total intangible assets</td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td id="xdx_98F_eus-gaap--IntangibleAssetsGrossExcludingGoodwill_iI_pn3n3_c20260930_zMNR7crUuy4k" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total intangible assets, Gross carrying amount">50,919</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td id="xdx_985_ecustom--IndefiniteLivedIntangibleAssetsAccumulatedAmortization_iNI_pn3n3_di_c20260930_z6V1GiIYVLJf" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total intangible assets, Accumulated amortization">(4,201</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td id="xdx_983_ecustom--IndefiniteLivedIntangibleAssetsImpairment_iNI_pn3n3_di_c20260930_zMhqiT9BCC72" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Impairment">(85</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td id="xdx_981_eus-gaap--IntangibleAssetsNetExcludingGoodwill_iI_pn3n3_c20260930_zE2Ze0PNbFXd" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total intangible assets, Net">46,633</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td id="xdx_98C_eus-gaap--IntangibleAssetsGrossExcludingGoodwill_iI_pn3n3_c20251231_z5h96F9TQLg7" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total intangible assets, Gross carrying amount">16</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td id="xdx_985_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_iNI_pn3n3_di_c20251231_zdnPPYTrnggj" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total intangible assets, Accumulated amortization">-</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td id="xdx_983_eus-gaap--IntangibleAssetsNetExcludingGoodwill_iI_pn3n3_c20251231_zz70XxsN4Dml" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total intangible assets, Net">16</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> Intangible assets acquired in 2026 totaled $50,834. Intangible assets subject to amortization were assigned useful lives of 5.5 years. Total amortization expense was $2,328 and $0 during the three months ended September 30, 2026 and 2025, respectively, and was $4,201 and $0 during the nine months ended September 30, 2026 and 2025, respectively.

The following table provides the gross carrying amount and accumulated amortization for each major class of intangible asset: Schedule of Intangible Assets <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="14" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">September 30, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="10" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">December 31, 2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Gross carrying amount</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Accumulated amortization</td><td style="padding-bottom: 1pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Impairment</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Net</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Gross carrying amount</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Accumulated amortization</td><td style="padding-bottom: 1pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Net</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Intangible assets subject to amortization</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; width: 30%; text-align: left; padding-bottom: 1pt">Software licenses (Note 8)</td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td id="xdx_980_eus-gaap--FiniteLivedIntangibleAssetsGross_iI_pn3n3_c20260930__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--SoftwareLicensesMember_zoQ4iGGcXaf2" style="border-bottom: Black 1pt solid; width: 6%; text-align: right" title="Gross carrying amount">50,834</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td id="xdx_987_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_iNI_pn3n3_di_c20260930__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--SoftwareLicensesMember_zI8HfG0a4tEf" style="border-bottom: Black 1pt solid; width: 6%; text-align: right" title="Accumulated amortization">(4,201</td><td style="width: 1%; padding-bottom: 1pt; text-align: left">)</td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td id="xdx_98F_ecustom--FiniteLivedIntangibleAssetsImpairment_iNI_pn3n3_di_c20260930__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--SoftwareLicensesMember_zoke8dOEyvS4" style="border-bottom: Black 1pt solid; width: 6%; text-align: right" title="Impairment">-</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td id="xdx_98D_eus-gaap--FiniteLivedIntangibleAssetsNet_iI_pn3n3_c20260930__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--SoftwareLicensesMember_zGT4kk7kjnej" style="border-bottom: Black 1pt solid; width: 6%; text-align: right" title="Net">46,633</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td id="xdx_984_eus-gaap--FiniteLivedIntangibleAssetsGross_iI_pn3n3_c20251231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--SoftwareLicensesMember_zLXiOWWGQa07" style="border-bottom: Black 1pt solid; width: 6%; text-align: right" title="Gross carrying amount">-</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td id="xdx_980_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_iNI_pn3n3_di_c20251231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--SoftwareLicensesMember_zoKc4biVSUVf" style="border-bottom: Black 1pt solid; width: 6%; text-align: right" title="Accumulated amortization">-</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td id="xdx_980_eus-gaap--FiniteLivedIntangibleAssetsNet_iI_pn3n3_c20251231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--SoftwareLicensesMember_zB4Po1RXPC1h" style="border-bottom: Black 1pt solid; width: 6%; text-align: right" title="Net">-</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; font-weight: bold">Total</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td id="xdx_98E_eus-gaap--FiniteLivedIntangibleAssetsGross_iI_pn3n3_c20260930_z0DHLwRomEd8" style="font-weight: bold; text-align: right" title="Gross carrying amount">50,834</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td id="xdx_98E_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_iNI_pn3n3_di_c20260930_zBWZNNHFZLe6" style="font-weight: bold; text-align: right" title="Accumulated amortization">(4,201</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td id="xdx_98A_ecustom--FiniteLivedIntangibleAssetsImpairment_iNI_pn3n3_di_c20260930_zNowHR7Ezxe" style="font-weight: bold; text-align: right" title="Impairment">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td id="xdx_98B_eus-gaap--FiniteLivedIntangibleAssetsNet_iI_pn3n3_c20260930_zYieSG9QOVad" style="font-weight: bold; text-align: right" title="Net">46,633</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td id="xdx_98E_eus-gaap--FiniteLivedIntangibleAssetsGross_iI_pn3n3_c20251231_zXlgWifKOdI4" style="font-weight: bold; text-align: right" title="Gross carrying amount">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td id="xdx_98A_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_iNI_pn3n3_di_c20251231_z8er8kTc8Cah" style="font-weight: bold; text-align: right" title="Accumulated amortization">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td id="xdx_98C_eus-gaap--FiniteLivedIntangibleAssetsNet_iI_pn3n3_c20251231_zT5ZNDwJ2K1f" style="font-weight: bold; text-align: right" title="Net">-</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Intangible assets not subject to amortization</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1pt">IP addresses</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_989_eus-gaap--IndefiniteLivedIntangibleAssetsExcludingGoodwill_iI_pn3n3_c20260930__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__custom--IPAddressesMember_zxOczTp22ITf" style="border-bottom: Black 1pt solid; text-align: right" title="Gross carrying amount">85</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_984_ecustom--IndefiniteLivedIntangibleAssetsAccumulatedAmortization_iNI_pn3n3_di_c20260930__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__custom--IPAddressesMember_zKOF13y2sead" style="border-bottom: Black 1pt solid; text-align: right" title="Accumulated amortization">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_980_ecustom--IndefiniteLivedIntangibleAssetsImpairment_iNI_pn3n3_di_c20260930__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__custom--IPAddressesMember_zfLPVMU85lB" style="border-bottom: Black 1pt solid; text-align: right" title="Impairment">(85</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_984_eus-gaap--IntangibleAssetsNetExcludingGoodwill_iI_pn3n3_c20260930__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__custom--IPAddressesMember_z45rAgNe4bi1" style="border-bottom: Black 1pt solid; text-align: right" title="Net">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_98E_eus-gaap--IndefiniteLivedIntangibleAssetsExcludingGoodwill_iI_pn3n3_c20251231__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__custom--IPAddressesMember_zHYXBdSfAbkl" style="border-bottom: Black 1pt solid; text-align: right" title="Gross carrying amount">16</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_988_ecustom--IndefiniteLivedIntangibleAssetsAccumulatedAmortization_iNI_pn3n3_di_c20251231__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__custom--IPAddressesMember_zviGpTjW9X9f" style="border-bottom: Black 1pt solid; text-align: right" title="Accumulated amortization">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_98B_eus-gaap--IndefiniteLivedIntangibleAssetsExcludingGoodwill_iI_pn3n3_c20251231__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__custom--IPAddressesMember_zg6Yd6vLGEP8" style="border-bottom: Black 1pt solid; text-align: right" title="Net">16</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Total intangible assets</td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td id="xdx_98F_eus-gaap--IntangibleAssetsGrossExcludingGoodwill_iI_pn3n3_c20260930_zMNR7crUuy4k" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total intangible assets, Gross carrying amount">50,919</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td id="xdx_985_ecustom--IndefiniteLivedIntangibleAssetsAccumulatedAmortization_iNI_pn3n3_di_c20260930_z6V1GiIYVLJf" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total intangible assets, Accumulated amortization">(4,201</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td id="xdx_983_ecustom--IndefiniteLivedIntangibleAssetsImpairment_iNI_pn3n3_di_c20260930_zMhqiT9BCC72" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Impairment">(85</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td id="xdx_981_eus-gaap--IntangibleAssetsNetExcludingGoodwill_iI_pn3n3_c20260930_zE2Ze0PNbFXd" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total intangible assets, Net">46,633</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td id="xdx_98C_eus-gaap--IntangibleAssetsGrossExcludingGoodwill_iI_pn3n3_c20251231_z5h96F9TQLg7" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total intangible assets, Gross carrying amount">16</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td id="xdx_985_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_iNI_pn3n3_di_c20251231_zdnPPYTrnggj" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total intangible assets, Accumulated amortization">-</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td id="xdx_983_eus-gaap--IntangibleAssetsNetExcludingGoodwill_iI_pn3n3_c20251231_zz70XxsN4Dml" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total intangible assets, Net">16</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table>

50834000

4201000

46633000

50834000

4201000

46633000

85000

16000

50919000

4201000 85000

46633000

16000

50834000

P5Y6M

2328000

4201000

Note 7. Other Assets Other current assets consisted of the following: Schedule of Other Current Assets <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49B_20260930_zdENYPHipoBh" style="font-weight: bold; text-align: center">September 30,</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49B_20251231_zPtLELsIEFtk" style="font-weight: bold; text-align: center">December 31,</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_407_ecustom--SupportServicesAssetCurrent_iI_pn3n3_maOACzUYj_znna1V5Fq2a" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; width: 60%; text-align: left">Support services asset (Note 8)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">4,209</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--DeferredOfferingCosts_iI_pn3n3_maOACzUYj_z3ez9ZpBWxr2" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Bolt-on offerings asset (Note 8)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">129</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_ecustom--OtherCurrentAssets_iI_pn3n3_maOACzUYj_zMKCpoto8n44" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; padding-bottom: 1pt">Other</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">239</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">131</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--OtherAssetsCurrent_iTI_pn3n3_mtOACzUYj_zxsgHGzU7bXg" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Other current assets</td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">4,577</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">131</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> Other long-term assets consisted of the following: Schedule of Other Long Term Assets <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49B_20260930_zjcHm7W1s14h" style="font-weight: bold; text-align: center">September 30,</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49B_20251231_zGEjc7IZu5R2" style="font-weight: bold; text-align: center">December 31,</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_40F_ecustom--SupportServicesAssetNoncurrent_iI_pn3n3_maOANzmqp_zvo5pQ6aXbSc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; width: 60%; text-align: left">Support services asset (Note 8)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">17,043</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_407_ecustom--DeferredOfferingCostsNoncurrent_iI_pn3n3_maOANzmqp_zHDsKfIWeYwk" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1pt">Bolt-on offerings asset (Note 8)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">199</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--OtherAssetsNoncurrent_iTI_pn3n3_mtOANzmqp_zXkNRX1GQkF7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Other long-term assets</td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">17,242</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table>

Other current assets consisted of the following: Schedule of Other Current Assets <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49B_20260930_zdENYPHipoBh" style="font-weight: bold; text-align: center">September 30,</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49B_20251231_zPtLELsIEFtk" style="font-weight: bold; text-align: center">December 31,</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_407_ecustom--SupportServicesAssetCurrent_iI_pn3n3_maOACzUYj_znna1V5Fq2a" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; width: 60%; text-align: left">Support services asset (Note 8)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">4,209</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--DeferredOfferingCosts_iI_pn3n3_maOACzUYj_z3ez9ZpBWxr2" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Bolt-on offerings asset (Note 8)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">129</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_ecustom--OtherCurrentAssets_iI_pn3n3_maOACzUYj_zMKCpoto8n44" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; padding-bottom: 1pt">Other</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">239</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">131</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--OtherAssetsCurrent_iTI_pn3n3_mtOACzUYj_zxsgHGzU7bXg" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Other current assets</td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">4,577</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">131</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table>

4209000

129000

239000 131000

4577000

131000

Other long-term assets consisted of the following: Schedule of Other Long Term Assets <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49B_20260930_zjcHm7W1s14h" style="font-weight: bold; text-align: center">September 30,</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49B_20251231_zGEjc7IZu5R2" style="font-weight: bold; text-align: center">December 31,</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_40F_ecustom--SupportServicesAssetNoncurrent_iI_pn3n3_maOANzmqp_zvo5pQ6aXbSc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; width: 60%; text-align: left">Support services asset (Note 8)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">17,043</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_407_ecustom--DeferredOfferingCostsNoncurrent_iI_pn3n3_maOANzmqp_zHDsKfIWeYwk" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1pt">Bolt-on offerings asset (Note 8)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">199</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--OtherAssetsNoncurrent_iTI_pn3n3_mtOANzmqp_zXkNRX1GQkF7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Other long-term assets</td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">17,242</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table>

17043000 199000

17242000

Note 8. Software Licensing and Support Arrangement On April 17, 2026, the Company entered into a long-term software licensing and support arrangement under which it obtained term software licenses, support services, and certain implementation and subscription offerings (the “bolt-on offerings”). The arrangement provides for aggregate contractual consideration of $100,000, payable in five annual installments beginning in October 2026. The Company concluded that the deferred payment terms contain a significant financing component. Accordingly, upon execution of the arrangement, the payment obligation was initially measured at the present value of the future contractual payments using an imputed interest rate determined at inception. The difference between the contractual payment obligation and its present value is recognized as interest expense over the payment term using the effective interest method. The Company allocated the present value of the contractual consideration to the software licenses, support services, and bolt-on offerings based on the contractual pricing established in the arrangement. Management concluded that those contractual fee allocations represented the best evidence reasonably available of the relative standalone prices of the identified elements because observable standalone pricing information was not available, the software licenses and support services are not sold separately, and management did not identify evidence indicating that the contractual pricing was structured to subsidize one contractual element with another. The software licenses are recognized as finite-lived intangible assets and are amortized on a straight-line basis over the contractual license period, which management concluded represents the estimated useful life of the licenses. Refer to software licenses in Note 6 – Intangible Assets, net. The portions of the consideration allocated to support services and bolt-on offerings are recognized within other assets on the interim condensed consolidated balance sheets, representing the Company’s contractual rights to receive those future services. The support services asset is amortized on a straight-line basis over the contractual support period as the Company receives and consumes the benefits of the support services throughout the contractual term. The bolt-on offerings include subscription-based offerings and implementation-related professional services and are recognized as a single asset because the contractual consideration for the bolt-on offerings is priced as a single package and is not separately allocated among the individual components. Accordingly, the bolt-on offerings asset is amortized on a straight-line basis over the three-year contractual term. Refer to support services asset and bolt-on offerings asset in Note 7 – Other Assets. The liability associated with the deferred payment arrangement is recognized within finance obligation, current and finance obligation, non-current on the interim condensed consolidated balance sheets. Refer to software licensing and support agreement in Note 13 – Financial Obligations and Debt. Interest expense associated with the financing component is recognized separately from amortization expense in the interim condensed consolidated statements of operations. During the three and nine months ended September 30, 2026, the Company recognized $2,328 and $4,201, respectively, of amortization expense related to the term software licenses, $1,061 and $1,914, respectively, of support services expense related to the support asset, $33 and $59, respectively, of expense related to bolt-on offerings, and $2,436 and $4,340, respectively, of interest expense associated with the financing component of the License Agreement. The amortization of the software licenses, support services asset, and bolt-on offerings is presented within depreciation and amortization expense in the condensed consolidated statements of operations. Interest expense associated with the financing component is presented within interest expense and is recognized using the effective interest method over the contractual payment term.

100000000

2328000

4201000

1061000 1914000

2436000

4340000

Note 9. Revenues The following table presents the Company’s disaggregated revenues: Schedule of Disaggregated Revenues <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_495_20260701__20260930_z2CzCMoKyufl" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_492_20250701__20250930_zNzU62oEHT5" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_498_20260101__20260930_zXDkI2P0a7nc" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_490_20250101__20250930_z0yj5vLfHDwk" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the three months ended September 30,</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the nine months ended September 30,</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_40B_eus-gaap--SalesTypeLeaseRevenue_maRzJpk_zRy1Iy6BoTAa" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 36%; text-align: left">Lease revenue</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">39,396</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">3,810</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">80,428</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">14,848</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_404_ecustom--BlockchainAwardRevenue_maRzJpk_z7VzXpvLh1pe" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Blockchain award revenue</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">476</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">2,929</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,538</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">4,454</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--Revenues_iT_mtRzJpk_zoYIu5LLozyk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Total revenue</td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">39,872</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">6,739</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">81,966</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">19,302</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table>

The following table presents the Company’s disaggregated revenues: Schedule of Disaggregated Revenues <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_495_20260701__20260930_z2CzCMoKyufl" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_492_20250701__20250930_zNzU62oEHT5" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_498_20260101__20260930_zXDkI2P0a7nc" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_490_20250101__20250930_z0yj5vLfHDwk" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the three months ended September 30,</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the nine months ended September 30,</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_40B_eus-gaap--SalesTypeLeaseRevenue_maRzJpk_zRy1Iy6BoTAa" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 36%; text-align: left">Lease revenue</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">39,396</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">3,810</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">80,428</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">14,848</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_404_ecustom--BlockchainAwardRevenue_maRzJpk_z7VzXpvLh1pe" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Blockchain award revenue</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">476</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">2,929</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,538</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">4,454</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--Revenues_iT_mtRzJpk_zoYIu5LLozyk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Total revenue</td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">39,872</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">6,739</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">81,966</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">19,302</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table>

39396000

3810000

80428000

14848000

476000 2929000 1538000 4454000

39872000

6739000

81966000

19302000

Note 10. Fair Value Measurements The authoritative guidance on fair value measurements establishes a three-tier fair value hierarchy for disclosure of fair value measurements as follows: Level 1 — Quoted prices in active markets for identical assets or liabilities. Level 2 — Observable inputs (other than Level 1 quoted prices), such as quoted prices in active markets for similar assets or liabilities, quoted prices in markets that are not active for identical or similar assets or liabilities, or other inputs that are observable or can be corroborated by observable market data. Level 3 — Unobservable inputs that are supported by little or no market activity that are significant to determining the fair value of the assets or liabilities, including pricing models, discounted cash flow methodologies and similar techniques. Assets and liabilities measured at fair value are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires management to make judgments and consider factors specific to the asset or liability. The carrying values of the Company’s accounts receivable, prepaid expenses, other current assets, accounts payable, credit card payable, and accrued expenses and other current liabilities approximate their fair values due to the short-term nature of these instruments. The carrying value of long-term financial obligations and debt approximates fair value because of the market interest rate of the debt. Financial Instruments Recorded at Fair Value on a Recurring Basis Digital Asset Receivable As part of the Company’s Blockchain Rewards revenue generating activities, the Company was required to make an initial deposit of USDC and ATH tokens with the Aethir network. These tokens are given to the network in connection with staking services and remain with the network until the end of the company’s provision of services to the network. As tokens are held and controlled by the network, the deposit represents a receivable for the Company, accounted for as a hybrid instrument under ASC 815 with the host contract representing the underlying digital assets receivable and an embedded derivative based on the changes in fair value of the underlying digital assets. Digital assets receivable are immaterial and are included in accounts receivable in the interim condensed consolidated balance sheets. The Company uses active spot prices as the only key input to determine the fair value of the embedded derivative related to digital assets receivable. Fair value is measured using quoted digital asset prices at the time of measurement within the Company’s principal market. Key inputs for measuring the embedded derivative on digital assets receivable are observable and can be validated against pricing sources with reasonable price transparency. The reliance on observable inputs supports the categorization of the embedded derivative as Level 2 within the fair value hierarchy. During the three months ended March 31, 2026, the security deposit was returned by the Aethir network, resulting in full settlement of the digital asset receivable. Accordingly, no digital asset receivable remained outstanding as of September 30, 2026.

<p id="xdx_80A_eus-gaap--AccountsPayableAccruedLiabilitiesAndOtherLiabilitiesDisclosureCurrentTextBlock_zJZdcIBEvMs8" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">Note 11. Accrued Expenses and Other Liabilities Accrued expenses and other liabilities consisted of the following: Schedule of Accrued Expenses and Other Current Liabilities <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_492_20260930_zn9iCWTXZzq1" style="font-weight: bold; text-align: center">September 30,</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49B_20251231_z61H4A55a6Kb" style="font-weight: bold; text-align: center">December 31,</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_40D_eus-gaap--AccruedProfessionalFeesCurrent_iI_pn3n3_maAPAOAzs56_zrurqoTRVUvl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Professional fees</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">846</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--AccruedBonusesCurrentAndNoncurrent_iI_pn3n3_maAPAOAzs56_z9lb5yu7H2r6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Accrued bonus</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">623</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">248</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_ecustom--AccruedElectricityCostCurrent_iI_pn3n3_maAPAOAzs56_zuWIAPYfpmAi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Accrued electricity cost</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">450</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--DeferredRevenueCurrent_iI_pn3n3_maAPAOAzs56_zjjASQetYrlf" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Contract liability</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">203</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_ecustom--AccruedTaxCurrent_iI_pn3n3_maAPAOAzs56_zAzBq79jxCk1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Tax</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">131</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--OtherEmployeeRelatedLiabilitiesCurrentAndNoncurrent_iI_pn3n3_maAPAOAzs56_zeQ5AOWnafU9" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Other</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">43</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">987</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--AccountsPayableAndOtherAccruedLiabilities_iTI_pn3n3_mtAPAOAzs56_zR92DDERSaIg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Total accrued expenses and other liabilities, current</td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">2,296</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">1,235</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table>

Accrued expenses and other liabilities consisted of the following: Schedule of Accrued Expenses and Other Current Liabilities <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_492_20260930_zn9iCWTXZzq1" style="font-weight: bold; text-align: center">September 30,</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49B_20251231_z61H4A55a6Kb" style="font-weight: bold; text-align: center">December 31,</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_40D_eus-gaap--AccruedProfessionalFeesCurrent_iI_pn3n3_maAPAOAzs56_zrurqoTRVUvl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Professional fees</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">846</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--AccruedBonusesCurrentAndNoncurrent_iI_pn3n3_maAPAOAzs56_z9lb5yu7H2r6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Accrued bonus</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">623</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">248</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_ecustom--AccruedElectricityCostCurrent_iI_pn3n3_maAPAOAzs56_zuWIAPYfpmAi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Accrued electricity cost</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">450</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--DeferredRevenueCurrent_iI_pn3n3_maAPAOAzs56_zjjASQetYrlf" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Contract liability</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">203</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_ecustom--AccruedTaxCurrent_iI_pn3n3_maAPAOAzs56_zAzBq79jxCk1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Tax</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">131</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--OtherEmployeeRelatedLiabilitiesCurrentAndNoncurrent_iI_pn3n3_maAPAOAzs56_zeQ5AOWnafU9" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Other</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">43</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">987</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--AccountsPayableAndOtherAccruedLiabilities_iTI_pn3n3_mtAPAOAzs56_zR92DDERSaIg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Total accrued expenses and other liabilities, current</td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">2,296</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">1,235</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table>

846000

623000

248000

450000

203000

131000

43000

987000

2296000

1235000

Note 12. Leases Operating Leases The Company enters into colocation and data center leases in the United States for dedicated data center space where the Company keeps its GPU servers and related hardware. The colocation and data center leases provide the Company with minimum amounts of power capacity and costs for overages above the established capacity thresholds are charged to the Company. These overage payments are treated as variable lease payments and are excluded from the measurement of the colocation leases. During the nine months ended September 30, 2026, the Company entered into four colocation leases. Two of these colocation leases were entered into during the first quarter of 2026, included lease terms of 3three and seven years, respectively, and required the Company to make fixed payments totaling $6,260 and $113,835, respectively, on an undiscounted basis. The Company was required to pay $365 and $6,788 in prepayments related to these leases, respectively. Additionally, the seven-year colocation lease required the Company to issue a standby letter of credit in the amount of $<span id="xdx_90F_eus-gaap--LettersOfCreditOutstandingAmount_iI_pn3n3_c20251231__us-gaap--TypeOfArrangementAxis__custom--ColocationLeaseTwoMember__us-gaap--CreditFacilityAxis__us-gaap--LetterOfCreditMember_z4fOJXNPPI8k" title="Letter of credit">6,435 during the fourth quarter of 2025. The remaining two colocation leases were entered into during the second quarter of 2026, included lease terms of <span id="xdx_905_eus-gaap--LesseeOperatingLeaseTermOfContract_iI_dtY_c20260630__us-gaap--TypeOfArrangementAxis__custom--ColocationLeaseThreeMember_zqzYbpjkvCMi" style="display: none" title="Operting lease term">3three years for each and required the Company to make fixed payments totaling $17,617 and $4,378, respectively, on an undiscounted basis. The Company was required to pay $625 in prepayments related to one of these leases. During the third quarter of 2026, the Company modified one operating lease. The Company increased the power capacity and made certain additional changes to a data center lease which resulted in a net increase to the operating ROU asset of $2,556 at the modification date. During the third quarter of 2026, the Company entered into a warehouse lease for a storage facility in Rock Island, Illinois. The lease includes a 5five year lease term and requires fixed payments totaling $1,111 on an undiscounted basis. During the nine months ended September 30, 2025, the Company entered into two colocation leases. One of these colocation leases was entered into during the first quarter of 2025 and included a 3three-year lease term which required the Company to make fixed payments totaling $1,756 on an undiscounted basis. The other colocation lease was entered into during the second quarter of 2025 and included a 3three-year lease term which required the Company to make fixed payments totaling $8,317 on an undiscounted basis. The Company leased office space in Chicago, IL, which had an initial lease term of 12.5 months and automatically extended for additional twelve-month renewal terms unless the Company provided advance notice of its intent to terminate at the end of the then-current lease term. The lease expired in February 2026. Finance Leases During the nine months ended September 30, 2026, the Company entered into 37 finance lease agreements for GPU servers. Twelve of these finance lease agreements were entered into during the first quarter of 2026, included 30-month lease terms, and required the Company to make fixed payments totaling $55,693 on an undiscounted basis. The Company made advance payments totaling $1,948 and $1,860 to secure five of these leases of GPUs during the first quarter of 2026 and fourth quarter of 2025, respectively. The Company made advance payments totaling $9,384 in April 2026 to secure the remaining seven leases of GPUs. Twenty-two of these finance lease agreements were entered into during the second quarter of 2026, included lease terms ranging from 30 to 36 months, and required the Company to make fixed payments totaling $240,190 on an undiscounted basis. The Company made advance payments totaling $26,206 to secure 13 of these leases. The Company entered into three finance lease agreements during the third quarter of 2026 and included lease terms of 24 and 36 months, respectively. The 24-month lease requires a first monthly payment of $<span id="xdx_909_eus-gaap--FinanceLeasePrincipalPayments_pn3n3_c20260701__20260930__us-gaap--TypeOfArrangementAxis__us-gaap--LeaseAgreementsMember__us-gaap--LeaseContractualTermAxis__custom--TwentyFourMonthLeaseMember_zvp5StfqHWb4" title="Finance lease payments">36,845 and 23 remaining monthly payments of $<span id="xdx_90F_eus-gaap--FinanceLeaseLiabilityPaymentsDue_iI_pn3n3_c20260930__us-gaap--TypeOfArrangementAxis__us-gaap--LeaseAgreementsMember__us-gaap--LeaseContractualTermAxis__custom--TwentyFourMonthLeaseMember_z9H1xpt31K9k" title="Finance lease payment">4,257. The Company made advance payments totaling $<span id="xdx_90F_eus-gaap--PaymentsForLeasingCosts_pn3n3_c20260101__20260930__us-gaap--TypeOfArrangementAxis__us-gaap--LeaseAgreementsMember__us-gaap--LeaseContractualTermAxis__custom--ThitySixMonthLeaseMember_zWlQY8A5iCag" title="Secure leases payments">59,155 to secure the 36-month lease, which requires fixed monthly payments of $<span id="xdx_90E_eus-gaap--FinanceLeasePrincipalPayments_pn3n3_c20260101__20260930__us-gaap--TypeOfArrangementAxis__us-gaap--LeaseAgreementsMember__us-gaap--LeaseContractualTermAxis__custom--ThitySixMonthLeaseMember_zORnijdyeGs5" title="Finance lease payments">2,672. The remaining financing lease agreement entered into during the third quarter of 2026 was executed in September 2026 with Dell Financial Services (“DFS”) and commenced on September 2, 2026. The lease has a six-month term and requires an initial prepayment of $<span id="xdx_907_eus-gaap--FinanceLeasePrincipalPayments_pn3n3_c20260701__20260930__us-gaap--TypeOfArrangementAxis__us-gaap--LeaseAgreementsMember__us-gaap--LeaseContractualTermAxis__custom--InitialPrepaymentMember_zxAr3r4yvh77" title="Finance lease payments">88, in addition to a September 2026 monthly payment of $<span id="xdx_90E_eus-gaap--FinanceLeasePrincipalPayments_pn3n3_c20260701__20260930__us-gaap--TypeOfArrangementAxis__us-gaap--LeaseAgreementsMember__us-gaap--LeaseContractualTermAxis__custom--September2026MonthlyPaymentMember_zE85lCjMc1n" title="Finance lease payments">26, followed by three additional monthly payments of $<span id="xdx_90C_eus-gaap--FinanceLeasePrincipalPayments_pn3n3_c20260701__20260930__us-gaap--TypeOfArrangementAxis__us-gaap--LeaseAgreementsMember__us-gaap--LeaseContractualTermAxis__custom--ThreeAdditionalMonthlyPaymentsMember_zQAfbHudHNp4" title="Finance lease payments">26 and a final payment of $<span id="xdx_90D_eus-gaap--FinanceLeasePrincipalPayments_pn3n3_c20260701__20260930__us-gaap--TypeOfArrangementAxis__us-gaap--LeaseAgreementsMember__us-gaap--LeaseContractualTermAxis__custom--FinalPaymentMember_zX4p15CRkN9e" title="Finance lease payments">276. The Company identified the arrangement as a finance lease under ASC 842 because ownership of the underlying asset transfers to the Company at the end of the lease term for a nominal purchase price of $<span id="xdx_900_ecustom--NominalPurchasePrice_pn3n3_c20260701__20260930__us-gaap--TypeOfArrangementAxis__us-gaap--LeaseAgreementsMember__us-gaap--LeaseContractualTermAxis__custom--FinalPaymentMember_zYrbtuUcTRoj" title="Nominal purchase price">1. Accordingly, the Company will recognize a right-of-use asset and corresponding lease liability. In July 2026, the Company exercised its option to purchase equipment leased from Hewlett Packard Financial Services Company (“HP”) under certain operating and finance leases. Upon exercising the buyout option, the Company derecognized the related lease liabilities and right-of-use assets and recognized the purchased equipment as property and equipment (Hardware). During the nine months ended September 30, 2025, the Company entered into nine finance lease agreements for GPU servers that have 30-month lease terms and require the Company to make fixed payments totaling $40,548 on an undiscounted basis. The Company made advance payments totaling $2,314 to secure three of these leases of GPUs during the nine months ended September 30, 2025. The Company made advance payments totaling $546 to secure six of these leases of GPUs during the year ended December 31, 2024. Short-term Leases In October 2023, the Company entered into a twelve-month lease for dedicated colocation space and related services. The lease was treated as a short-term lease and was not recognized on the interim condensed consolidated balance sheets. The Company paid fees of $242 during the three months ended March 31, 2025. This lease was terminated in February 2025. The following table presents the maturities of the Company’s operating and finance lease liabilities as of September 30, 2026: Schedule of Future Minimum Lease Payments <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Operating Leases</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Finance Leases</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">2026</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98C_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear_iIP1us-gaap--LesseeOperatingLeaseDescriptionAbstract_pn3n3_maOPL_c20260930_zAC0vLgRdcjh" style="width: 16%; text-align: right" title="Operating lease 2026">6,048</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_989_eus-gaap--FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear_iIP1us-gaap--LesseeFinanceLeaseDescriptionAbstract_pn3n3_maOFL_c20260930_zGyS1DdKSSQ3" style="width: 16%; text-align: right" title="Finance lease 2026">44,804</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">2027</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_iIP1us-gaap--LesseeOperatingLeaseDescriptionAbstract_pn3n3_maOPL_c20260930_zTTfTzNSHF1h" style="text-align: right" title="Operating lease 2027">29,296</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--FinanceLeaseLiabilityPaymentsDueNextTwelveMonths_iIP1us-gaap--LesseeFinanceLeaseDescriptionAbstract_pn3n3_maOFL_c20260930_z970LRyRPCqe" style="text-align: right" title="Finance lease 2027">186,221</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">2028</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_iIP1us-gaap--LesseeOperatingLeaseDescriptionAbstract_pn3n3_maOPL_c20260930_zgdoNBz2NfKh" style="text-align: right" title="Operating lease 2028">26,344</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--FinanceLeaseLiabilityPaymentsDueYearTwo_iIP1us-gaap--LesseeFinanceLeaseDescriptionAbstract_pn3n3_maOFL_c20260930_zVGGfcFEQuM6" style="text-align: right" title="Finance lease 2028">165,947</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">2029</td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearThree_iIP1us-gaap--LesseeOperatingLeaseDescriptionAbstract_pn3n3_maOPL_c20260930_z08RZaLx6kGk" style="text-align: right" title="Operating lease 2029">21,686</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--FinanceLeaseLiabilityPaymentsDueYearThree_iIP1us-gaap--LesseeFinanceLeaseDescriptionAbstract_pn3n3_maOFL_c20260930_zA8UNnAz6Ihk" style="text-align: right" title="Finance lease 2029">36,872</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">2030</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearFour_iIP1us-gaap--LesseeOperatingLeaseDescriptionAbstract_pn3n3_maOPL_c20260930_zyeNJBYTahHk" style="text-align: right" title="Operating lease 2030">17,320</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--FinanceLeaseLiabilityPaymentsDueYearFour_iIP1us-gaap--LesseeFinanceLeaseDescriptionAbstract_pn3n3_maOFL_c20260930_z5yxIaVFrhah" style="text-align: right" title="Finance lease 2030">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Thereafter</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_982_ecustom--LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour_iIP1us-gaap--LesseeOperatingLeaseDescriptionAbstract_pn3n3_maOPL_c20260930_zBGOmQI9twjg" style="border-bottom: Black 1pt solid; text-align: right" title="Operating lease Thereafter">38,949</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_989_ecustom--FinanceLeaseLiabilityPaymentsDueAfterYearFour_iIP1us-gaap--LesseeFinanceLeaseDescriptionAbstract_pn3n3_maOFL_c20260930_zHqOf4VtPv49" style="border-bottom: Black 1pt solid; text-align: right" title="Finance lease Thereafter">-</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Total lease payments</td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iTIP1us-gaap--LesseeOperatingLeaseDescriptionAbstract_pn3n3_mtOPL_c20260930_zoBC7OnMJKSl" style="text-align: right" title="Operating lease total future minimum lease payments">139,643</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--FinanceLeaseLiabilityPaymentsDue_iTIP1us-gaap--LesseeFinanceLeaseDescriptionAbstract_pn3n3_mtOFL_c20260930_zDm8rYXppSpc" style="text-align: right" title="Finance lease total future minimum lease payments">433,844</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Less: imputed interest</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_981_eus-gaap--LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_iNIP1us-gaap--LesseeOperatingLeaseDescriptionAbstract_pn3n3_di_c20260930_zOtm7Nd8xkJk" style="border-bottom: Black 1pt solid; text-align: right" title="Operating lease less: imputed interest">(25,730</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98E_eus-gaap--FinanceLeaseLiabilityUndiscountedExcessAmount_iNIP1us-gaap--LesseeFinanceLeaseDescriptionAbstract_pn3n3_di_c20260930_zcBgvjcn1aY" style="border-bottom: Black 1pt solid; text-align: right" title="Finance lease less: imputed interest">(34,359</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; font-weight: bold; padding-bottom: 2.5pt">Present value of lease liabilities</td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td id="xdx_98A_eus-gaap--OperatingLeaseLiability_iTIP1us-gaap--LesseeOperatingLeaseDescriptionAbstract_pn3n3_c20260930_zjEkFw2LorLa" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Operating lease total">113,913</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td id="xdx_986_eus-gaap--FinanceLeaseLiability_iTIP1us-gaap--LesseeFinanceLeaseDescriptionAbstract_pn3n3_c20260930_zmXUZcuISVp4" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Finance lease total">399,485</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> In April and May 2026, the Company entered into two colocation leases that had not yet commenced as of September 30, 2026 and are not included in the disclosures above. Both leases have 7seven-year lease terms and require the Company to make fixed payments totaling $42,788 and $184,042, respectively, on an undiscounted basis. Additionally, the lease executed in May 2026 required the Company to issue a standby letter of credit in the amount of $12,960 during the second quarter of 2026. In July and August 2026, the Company entered into two colocation leases that had not yet commenced as of September 30, 2026 and are not included in the disclosures above. The lease executed in July 2026 includes a 5five-year lease term and requires the Company to make fixed payments totaling $39,996. The lease executed in August 2026 includes a 12 year lease term and requires the Company to make fixed payments totaling $391,269. Lessor Accounting The Company generates income by renting access to its Nvidia GPUs through its proprietary platform, third-party AI platforms, and GPU brokers, under rental agreements. The Company’s agreements with lessees are categorized as either having terms greater than one month or having month-to-month terms. For the Company’s agreements greater than one month, lessees are required to make up-front payments at the inception of the agreement. Lessees in month-to-month agreements are required to make payments in arrears after the provision of services has been rendered. For three and nine months ended September 30, 2026, lease income generated for operating leases was $39,396 and $80,428, respectively. For the three and nine months ended September 30, 2025, lease income generated for operating leases was $3,810 and $14,848, respectively.

P3Y

P7Y

6260000

113835000

365000

6788000

6435000

P3Y

17617000

4378000

625000

2556000

P5Y

1111000

P3Y

1756000

P3Y

8317000

P12M15D

automatically extended for additional twelve-month renewal terms unless the Company provided advance notice of its intent to terminate at the end of the then-current lease term. The lease expired in February 2026

P30M

55693000

1948000

1860000

9384000

P30M

P36M

240190000

26206000

P24M

P36M

36845000

4257000

59155000

2672000

88000

26000

276000

1000

P30M

40548000

2314000

546000

242000

The following table presents the maturities of the Company’s operating and finance lease liabilities as of September 30, 2026: Schedule of Future Minimum Lease Payments <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Operating Leases</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Finance Leases</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">2026</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98C_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear_iIP1us-gaap--LesseeOperatingLeaseDescriptionAbstract_pn3n3_maOPL_c20260930_zAC0vLgRdcjh" style="width: 16%; text-align: right" title="Operating lease 2026">6,048</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_989_eus-gaap--FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear_iIP1us-gaap--LesseeFinanceLeaseDescriptionAbstract_pn3n3_maOFL_c20260930_zGyS1DdKSSQ3" style="width: 16%; text-align: right" title="Finance lease 2026">44,804</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">2027</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_iIP1us-gaap--LesseeOperatingLeaseDescriptionAbstract_pn3n3_maOPL_c20260930_zTTfTzNSHF1h" style="text-align: right" title="Operating lease 2027">29,296</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--FinanceLeaseLiabilityPaymentsDueNextTwelveMonths_iIP1us-gaap--LesseeFinanceLeaseDescriptionAbstract_pn3n3_maOFL_c20260930_z970LRyRPCqe" style="text-align: right" title="Finance lease 2027">186,221</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">2028</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_iIP1us-gaap--LesseeOperatingLeaseDescriptionAbstract_pn3n3_maOPL_c20260930_zgdoNBz2NfKh" style="text-align: right" title="Operating lease 2028">26,344</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--FinanceLeaseLiabilityPaymentsDueYearTwo_iIP1us-gaap--LesseeFinanceLeaseDescriptionAbstract_pn3n3_maOFL_c20260930_zVGGfcFEQuM6" style="text-align: right" title="Finance lease 2028">165,947</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">2029</td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearThree_iIP1us-gaap--LesseeOperatingLeaseDescriptionAbstract_pn3n3_maOPL_c20260930_z08RZaLx6kGk" style="text-align: right" title="Operating lease 2029">21,686</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--FinanceLeaseLiabilityPaymentsDueYearThree_iIP1us-gaap--LesseeFinanceLeaseDescriptionAbstract_pn3n3_maOFL_c20260930_zA8UNnAz6Ihk" style="text-align: right" title="Finance lease 2029">36,872</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">2030</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearFour_iIP1us-gaap--LesseeOperatingLeaseDescriptionAbstract_pn3n3_maOPL_c20260930_zyeNJBYTahHk" style="text-align: right" title="Operating lease 2030">17,320</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--FinanceLeaseLiabilityPaymentsDueYearFour_iIP1us-gaap--LesseeFinanceLeaseDescriptionAbstract_pn3n3_maOFL_c20260930_z5yxIaVFrhah" style="text-align: right" title="Finance lease 2030">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Thereafter</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_982_ecustom--LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour_iIP1us-gaap--LesseeOperatingLeaseDescriptionAbstract_pn3n3_maOPL_c20260930_zBGOmQI9twjg" style="border-bottom: Black 1pt solid; text-align: right" title="Operating lease Thereafter">38,949</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_989_ecustom--FinanceLeaseLiabilityPaymentsDueAfterYearFour_iIP1us-gaap--LesseeFinanceLeaseDescriptionAbstract_pn3n3_maOFL_c20260930_zHqOf4VtPv49" style="border-bottom: Black 1pt solid; text-align: right" title="Finance lease Thereafter">-</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Total lease payments</td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iTIP1us-gaap--LesseeOperatingLeaseDescriptionAbstract_pn3n3_mtOPL_c20260930_zoBC7OnMJKSl" style="text-align: right" title="Operating lease total future minimum lease payments">139,643</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--FinanceLeaseLiabilityPaymentsDue_iTIP1us-gaap--LesseeFinanceLeaseDescriptionAbstract_pn3n3_mtOFL_c20260930_zDm8rYXppSpc" style="text-align: right" title="Finance lease total future minimum lease payments">433,844</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Less: imputed interest</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_981_eus-gaap--LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_iNIP1us-gaap--LesseeOperatingLeaseDescriptionAbstract_pn3n3_di_c20260930_zOtm7Nd8xkJk" style="border-bottom: Black 1pt solid; text-align: right" title="Operating lease less: imputed interest">(25,730</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98E_eus-gaap--FinanceLeaseLiabilityUndiscountedExcessAmount_iNIP1us-gaap--LesseeFinanceLeaseDescriptionAbstract_pn3n3_di_c20260930_zcBgvjcn1aY" style="border-bottom: Black 1pt solid; text-align: right" title="Finance lease less: imputed interest">(34,359</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; font-weight: bold; padding-bottom: 2.5pt">Present value of lease liabilities</td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td id="xdx_98A_eus-gaap--OperatingLeaseLiability_iTIP1us-gaap--LesseeOperatingLeaseDescriptionAbstract_pn3n3_c20260930_zjEkFw2LorLa" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Operating lease total">113,913</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td id="xdx_986_eus-gaap--FinanceLeaseLiability_iTIP1us-gaap--LesseeFinanceLeaseDescriptionAbstract_pn3n3_c20260930_zmXUZcuISVp4" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Finance lease total">399,485</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table>

6048000

44804000

29296000

186221000

26344000

165947000

21686000

36872000

17320000

38949000

139643000

433844000

25730000

34359000

113913000

399485000

P7Y

42788000

184042000

12960000

P5Y

39996000

P12Y

391269000

39396000

80428000

3810000

14848000

Note 13. Financial Obligations and Debt The Company’s financial obligations consisted of the following: Schedule of Financial Obligations <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49E_20260930_zacO98EI0xhk" style="font-weight: bold; text-align: center">September 30,</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49B_20251231_zeNmEv9itcuf" style="font-weight: bold; text-align: center">December 31,</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_402_ecustom--FinancialObligations_iI_pn3n3_hus-gaap--DebtInstrumentAxis__custom--SoftwareLicensingAndSupportAgreementMember_zCKGsdBXwkR5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Software licensing and support agreement (Note 8)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">78,726</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right"> -</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_404_ecustom--FinancialObligations_iI_pn3n3_hus-gaap--DebtInstrumentAxis__custom--FinancedInsurancePremiumMember_zs8UVyAoTTT2" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Financed insurance premium</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,477</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--FinancialObligations_iI_pn3n3_zFvWYgBEMkCj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Total financial obligations</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td style="font-weight: bold; text-align: right">80,203</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_406_ecustom--FinancialObligationCurrentPortion_iNI_pn3n3_di_zPF6rOpbc3h2" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1pt">Less: current portion</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(21,072</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40B_ecustom--FinancialObligationNoncurrent_iTI_pn3n3_zc3Tj1lOtVpa" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Total long-term financial obligations, net</td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">59,131</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> The Company’s indebtedness consisted of the following: Schedule of Indebtedness Consisted <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49E_20260930_zWYs1c2iiuNh" style="font-weight: bold; text-align: center">September 30,</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_490_20251231_zZ6u2bLW2Ytl" style="font-weight: bold; text-align: center">December 31,</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_405_eus-gaap--DebtInstrumentCarryingAmount_iI_pn3n3_hus-gaap--LongtermDebtTypeAxis__us-gaap--BridgeLoanMember_zr4x7kOpgWij" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Bridge loan</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right"> -</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">4,836</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--DebtInstrumentCarryingAmount_iI_pn3n3_hus-gaap--LongtermDebtTypeAxis__custom--RelatedPartyLoanMember_z1LsDOouw7Db" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Related party loan (Note 14)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,430</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--LongTermDebt_iI_pn3n3_zy5oOmYD80jb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Total debt</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td style="font-weight: bold; text-align: right">6,266</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--LongTermDebtCurrent_iNI_pn3n3_di_zrTbEvk2ux7b" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1pt">Less: current portion</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(242</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_405_eus-gaap--LongTermDebtNoncurrent_iI_pn3n3_zjWSwgqTJhoe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Total long-term debt, net</td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">6,024</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> The carrying value of the Company’s long-term debt, net approximates its fair value. Letter of Credit On May 6, 2026, the Company entered into a letter of credit agreement with a lender to support its obligations under a data center lease. Pursuant to the agreement, the Company is required to maintain an irrevocable standby letter of credit of approximately $12,960 as security for its payment and performance obligations under the lease. The required letter of credit amount was determined based on six months of the initial annual base rent under the lease. The beneficiary may draw upon the letter of credit upon the occurrence of certain events of default under the lease agreement. As of September 30, 2026, no amounts had been drawn under the letter of credit. In connection with the letter of credit, cash collateral is required to be maintained in a restricted account. As of September 30, 2026, the Company had $13,008 recorded, which satisfies the minimum required security deposit, as restricted cash on its interim condensed consolidated balance sheet related to the letter of credit. Insurance Premium Financing Agreement On June 26, 2026, the Company entered into a premium financing agreement with a financial institution to finance certain insurance premiums. Under the agreement, the Company financed insurance premiums of $2,179, which are payable in nine monthly installments through February 2027 and bear interest at an annual rate of <span id="xdx_909_eus-gaap--DebtInstrumentInterestRateStatedPercentage_iI_pid_dp_uPure_c20260626__us-gaap--LongtermDebtTypeAxis__custom--InsurancePremiumFinancingAgreementMember_zF37qW3L4jhl" title="Interest rate">7.99%. The financing arrangement is secured by certain rights to unearned insurance premiums associated with the underlying insurance policies. The financed premiums are recorded within prepaid assets in the interim condensed consolidated balance sheet and are amortized to insurance expense in the interim condensed consolidated statement of operations over the coverage period, while amounts due under the financing arrangement are recorded within financial obligations in the interim condensed consolidated balance sheet. Bridge Loan On August 11, 2025, the Company entered into a bridge loan agreement providing for an initial borrowing of $<span id="xdx_904_eus-gaap--LineOfCreditFacilityMaximumBorrowingCapacity_iI_pn3n3_c20250811__us-gaap--TypeOfArrangementAxis__custom--AugustTwoThousandTwentyFiveBridgeLoanAgreementMember__us-gaap--ShortTermDebtTypeAxis__us-gaap--BridgeLoanMember_zVIgL3zvCVH4" title="Line of credit bridge loan">5,000, with up to an additional $<span id="xdx_90C_eus-gaap--LineOfCreditFacilityRemainingBorrowingCapacity_iI_pn3n3_c20250811__us-gaap--TypeOfArrangementAxis__custom--AugustTwoThousandTwentyFiveBridgeLoanAgreementMember__us-gaap--ShortTermDebtTypeAxis__us-gaap--BridgeLoanMember_zaZXVROaLO5h" title="Line of credit additional borrowings">20,000 available at the lender’s discretion (the “August 2025 Bridge Loan”). On February 27, 2026, the Company entered into an amendment and waiver agreement pursuant to which the Company obtained additional short-term bridge loans totaling $<span id="xdx_903_eus-gaap--BridgeLoan_iI_pn3n3_c20260227__us-gaap--TypeOfArrangementAxis__custom--FebruaryTwoThousandTwentySixBridgeLoanAgreementMember__us-gaap--ShortTermDebtTypeAxis__us-gaap--BridgeLoanMember_zA8bEHzUgv23" title="Short term bridge loans">11,000 (the “February 2026 Bridge Loans”). The August 2025 Bridge Loan accrued interest at the prime rate plus <span id="xdx_90D_eus-gaap--LineOfCreditFacilityInterestRateAtPeriodEnd_iI_pid_dp_c20250811__us-gaap--TypeOfArrangementAxis__custom--AugustTwoThousandTwentyFiveBridgeLoanAgreementMember__us-gaap--ShortTermDebtTypeAxis__us-gaap--BridgeLoanMember_zpPdYw2bQQ4e" title="Loan interest rate, percentage">4.50%, subject to a prime rate floor of <span id="xdx_90C_ecustom--LineOfCreditFacilityInterestPrimeFloorRate_iI_pid_dp_c20250811__us-gaap--TypeOfArrangementAxis__custom--AugustTwoThousandTwentyFiveBridgeLoanAgreementMember__us-gaap--ShortTermDebtTypeAxis__us-gaap--BridgeLoanMember_zGKVPMaJXhxd" title="Prime floor rate, percentage">7.5%, and was secured by substantially all of the Company’s assets. <span id="xdx_906_eus-gaap--LineOfCreditFacilityDescription_c20250811__20250811__us-gaap--TypeOfArrangementAxis__custom--AugustTwoThousandTwentyFiveBridgeLoanAgreementMember__us-gaap--ShortTermDebtTypeAxis__us-gaap--BridgeLoanMember_zW4iMGXofY1k" title="Line of credit facility, description">The February 2026 Bridge Loans were issued at a discount and matured upon the earlier of April 28, 2026 or the consummation of a permitted SPAC acquisition. In connection with the consummation of the Business Combination on May 8, 2026 (see Note 2 – Business Combination), the Company repaid all outstanding amounts under the August 2025 Bridge Loan and the February 2026 Bridge Loans and recorded a loss on extinguishment of debt of $1,351 in the interim condensed consolidated statement of operations during the nine months ended September 30, 2026. As of September 30, 2026, there were no amounts outstanding under these arrangements. Warrant Agreement On August 11, 2025, Boost Run Holdings issued a warrant in connection with the August 2025 Bridge Loan Agreement. On August 28, 2025, the warrant was cancelled pursuant to a Warrant Cancellation Agreement, and the holder received 128 Class C Units of Boost Run Holdings. Upon consummation of the Business Combination on May 8, 2026, the outstanding Class C Units were cancelled and converted into the right to receive shares of the Company’s Class A Common Stock in accordance with the Business Combination Agreement. As of September 30, 2026, future aggregate maturities of the Software Licensing and Support Agreement and the Financed Insurance Premium payable were as follows: Schedule of Maturities of Long Term Debt <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Financial Obligations</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Debt</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left; width: 60%">Remaining three months of 2026</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98D_eus-gaap--ContractualObligationFutureMinimumPaymentsDueRemainderOfFiscalYear_iI_pn3n3_c20260930_z4BBEElcEy7k" style="width: 16%; text-align: right" title="Financial obligations, Remaining 2026">21,001</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98F_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear_iI_pn3n3_c20260930_z8jn0bt9Kwfb" style="width: 16%; text-align: right" title="Debt Remaining 2026">-</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">2027</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--ContractualObligationDueInNextTwelveMonths_iI_pn3n3_c20260930_zcsJob8rdIRd" style="text-align: right" title="Financial Obligations 2027">20,500</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_iI_pn3n3_c20260930_zn5lRN7CCSeg" style="text-align: right" title="Debt 2027">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">2028</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--ContractualObligationDueInSecondYear_iI_pn3n3_c20260930_zTHMYTWCzZ1g" style="text-align: right" title="Financial Obligations 2028">20,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_iI_pn3n3_c20260930_zM5PzQ9nrNNk" style="text-align: right" title="Debt 2028">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">2029</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--ContractualObligationDueInThirdYear_iI_pn3n3_c20260930_zWeaHhlZQivi" style="text-align: right" title="Financial Obligations 2029">20,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_iI_pn3n3_c20260930_zTE5mGrNRjB6" style="text-align: right" title="Debt 2029">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">2030</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--ContractualObligationDueInFourthYear_iI_pn3n3_c20260930_zaqZGII0kXji" style="text-align: right" title="Financial Obligations 2030">20,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_iI_pn3n3_c20260930_zxoNO3HuSne2" style="text-align: right" title="Debt 2030">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1pt">Thereafter</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98D_ecustom--ContractualObligationDueInFourthYearAfterYearThree_iI_pn3n3_c20260930_zkjFmz1mUhM4" style="border-bottom: Black 1pt solid; text-align: right" title="Financial obligations, Thereafter">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_ecustom--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearAfterYearThree_iI_pn3n3_c20260930_zBZ1WK20k4h" style="border-bottom: Black 1pt solid; text-align: right" title="Debt Thereafter">-</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; font-weight: bold; text-align: left; padding-bottom: 1pt">Total undiscounted payments</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98E_eus-gaap--ContractualObligation_iI_pn3n3_c20260930_zmJFIE8nrMIg" style="border-bottom: Black 1pt solid; text-align: right" title="Financial obligations, Total undiscounted payments">101,501</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_eus-gaap--DebtInstrumentCarryingAmount_iI_pn3n3_c20260930_zTibffXodCQ4" style="border-bottom: Black 1pt solid; text-align: right" title="Debt Total undiscounted payments">-</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1pt">Less: unamortized discount</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_980_ecustom--ContractualObligationtUnamortizedDiscountPremiumPayments_iNI_pn3n3_di_c20260930_z6nsA76Ri1M2" style="border-bottom: Black 1pt solid; text-align: right" title="Financial obligations, less: unamortized discount">21,298</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98A_eus-gaap--DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet_iNI_pn3n3_di_c20260930_zt6LJFbNr8L9" style="border-bottom: Black 1pt solid; text-align: right" title="Debt less: unamortized discount">-</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Total financial obligations</td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td id="xdx_985_ecustom--FinancialObligations_iTI_pn3n3_c20260930_zY78z9tA0cul" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Ffinancial obligations,Total financial obligations">80,203</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td id="xdx_987_eus-gaap--LongTermDebt_iI_pn3n3_c20260930_zbIMiwLFsNI6" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Debt Total financial obligations">-</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table>

The Company’s financial obligations consisted of the following: Schedule of Financial Obligations <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49E_20260930_zacO98EI0xhk" style="font-weight: bold; text-align: center">September 30,</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49B_20251231_zeNmEv9itcuf" style="font-weight: bold; text-align: center">December 31,</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_402_ecustom--FinancialObligations_iI_pn3n3_hus-gaap--DebtInstrumentAxis__custom--SoftwareLicensingAndSupportAgreementMember_zCKGsdBXwkR5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Software licensing and support agreement (Note 8)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">78,726</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right"> -</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_404_ecustom--FinancialObligations_iI_pn3n3_hus-gaap--DebtInstrumentAxis__custom--FinancedInsurancePremiumMember_zs8UVyAoTTT2" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Financed insurance premium</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,477</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--FinancialObligations_iI_pn3n3_zFvWYgBEMkCj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Total financial obligations</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td style="font-weight: bold; text-align: right">80,203</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_406_ecustom--FinancialObligationCurrentPortion_iNI_pn3n3_di_zPF6rOpbc3h2" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1pt">Less: current portion</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(21,072</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40B_ecustom--FinancialObligationNoncurrent_iTI_pn3n3_zc3Tj1lOtVpa" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Total long-term financial obligations, net</td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">59,131</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table>

78726000 1477000 80203000 21072000 59131000

The Company’s indebtedness consisted of the following: Schedule of Indebtedness Consisted <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49E_20260930_zWYs1c2iiuNh" style="font-weight: bold; text-align: center">September 30,</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_490_20251231_zZ6u2bLW2Ytl" style="font-weight: bold; text-align: center">December 31,</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_405_eus-gaap--DebtInstrumentCarryingAmount_iI_pn3n3_hus-gaap--LongtermDebtTypeAxis__us-gaap--BridgeLoanMember_zr4x7kOpgWij" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Bridge loan</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right"> -</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">4,836</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--DebtInstrumentCarryingAmount_iI_pn3n3_hus-gaap--LongtermDebtTypeAxis__custom--RelatedPartyLoanMember_z1LsDOouw7Db" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Related party loan (Note 14)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,430</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--LongTermDebt_iI_pn3n3_zy5oOmYD80jb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Total debt</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td style="font-weight: bold; text-align: right">6,266</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--LongTermDebtCurrent_iNI_pn3n3_di_zrTbEvk2ux7b" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1pt">Less: current portion</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(242</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_405_eus-gaap--LongTermDebtNoncurrent_iI_pn3n3_zjWSwgqTJhoe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Total long-term debt, net</td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">6,024</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table>

4836000

1430000

6266000

242000

6024000

12960000

13008000

2179000

0.0799

5000000

20000000

11000000

0.0450

0.075

The February 2026 Bridge Loans were issued at a discount and matured upon the earlier of April 28, 2026 or the consummation of a permitted SPAC acquisition.

-1351000

As of September 30, 2026, future aggregate maturities of the Software Licensing and Support Agreement and the Financed Insurance Premium payable were as follows: Schedule of Maturities of Long Term Debt <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Financial Obligations</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Debt</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left; width: 60%">Remaining three months of 2026</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98D_eus-gaap--ContractualObligationFutureMinimumPaymentsDueRemainderOfFiscalYear_iI_pn3n3_c20260930_z4BBEElcEy7k" style="width: 16%; text-align: right" title="Financial obligations, Remaining 2026">21,001</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98F_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear_iI_pn3n3_c20260930_z8jn0bt9Kwfb" style="width: 16%; text-align: right" title="Debt Remaining 2026">-</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">2027</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--ContractualObligationDueInNextTwelveMonths_iI_pn3n3_c20260930_zcsJob8rdIRd" style="text-align: right" title="Financial Obligations 2027">20,500</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_iI_pn3n3_c20260930_zn5lRN7CCSeg" style="text-align: right" title="Debt 2027">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">2028</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--ContractualObligationDueInSecondYear_iI_pn3n3_c20260930_zTHMYTWCzZ1g" style="text-align: right" title="Financial Obligations 2028">20,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_iI_pn3n3_c20260930_zM5PzQ9nrNNk" style="text-align: right" title="Debt 2028">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">2029</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--ContractualObligationDueInThirdYear_iI_pn3n3_c20260930_zWeaHhlZQivi" style="text-align: right" title="Financial Obligations 2029">20,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_iI_pn3n3_c20260930_zTE5mGrNRjB6" style="text-align: right" title="Debt 2029">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">2030</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--ContractualObligationDueInFourthYear_iI_pn3n3_c20260930_zaqZGII0kXji" style="text-align: right" title="Financial Obligations 2030">20,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_iI_pn3n3_c20260930_zxoNO3HuSne2" style="text-align: right" title="Debt 2030">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1pt">Thereafter</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98D_ecustom--ContractualObligationDueInFourthYearAfterYearThree_iI_pn3n3_c20260930_zkjFmz1mUhM4" style="border-bottom: Black 1pt solid; text-align: right" title="Financial obligations, Thereafter">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_ecustom--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearAfterYearThree_iI_pn3n3_c20260930_zBZ1WK20k4h" style="border-bottom: Black 1pt solid; text-align: right" title="Debt Thereafter">-</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; font-weight: bold; text-align: left; padding-bottom: 1pt">Total undiscounted payments</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98E_eus-gaap--ContractualObligation_iI_pn3n3_c20260930_zmJFIE8nrMIg" style="border-bottom: Black 1pt solid; text-align: right" title="Financial obligations, Total undiscounted payments">101,501</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_eus-gaap--DebtInstrumentCarryingAmount_iI_pn3n3_c20260930_zTibffXodCQ4" style="border-bottom: Black 1pt solid; text-align: right" title="Debt Total undiscounted payments">-</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1pt">Less: unamortized discount</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_980_ecustom--ContractualObligationtUnamortizedDiscountPremiumPayments_iNI_pn3n3_di_c20260930_z6nsA76Ri1M2" style="border-bottom: Black 1pt solid; text-align: right" title="Financial obligations, less: unamortized discount">21,298</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98A_eus-gaap--DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet_iNI_pn3n3_di_c20260930_zt6LJFbNr8L9" style="border-bottom: Black 1pt solid; text-align: right" title="Debt less: unamortized discount">-</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Total financial obligations</td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td id="xdx_985_ecustom--FinancialObligations_iTI_pn3n3_c20260930_zY78z9tA0cul" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Ffinancial obligations,Total financial obligations">80,203</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td id="xdx_987_eus-gaap--LongTermDebt_iI_pn3n3_c20260930_zbIMiwLFsNI6" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Debt Total financial obligations">-</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table>

21001000

20500000

20000000

101501000

-21298000 80203000

Note 14. Related Party Transactions Related Party Loan On November 25, 2025, the Company entered into the Related Party Loan with its CEO, Andrew Karos, under which the Company borrowed $1,430. In connection with the Closing on May 8, 2026 (see Note 2 – Business Combination), the Company repaid in full all outstanding borrowings under this arrangement. Consulting Agreement On January 13, 2026, the Company entered into a consulting services agreement with B. Luke Weil, a Director of the Company (formerly the Chairman and Chief Executive Officer of the SPAC), pursuant to which Mr. Weil will provide advice on business strategy and corporate governance and use reasonable efforts to introduce the Company to clients and investors, commencing on the first business day following the closing of the Merger. In consideration for these services, the Company agreed to grant Mr. Weil <span id="xdx_902_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant_iI_pid_c20260113__us-gaap--TypeOfArrangementAxis__custom--ConsultingAgreementMember_zhlPByTs66dd" title="Issued shares, granted">336,000 shares of the Company’s Class A common stock on the date of closing, subject to vesting based on the Company’s stock price performance during the post-closing period. Specifically, <span id="xdx_905_eus-gaap--SaleOfStockNumberOfSharesIssuedInTransaction_pid_c20260113__20260113__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--VWAPMember__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zzgodWwPQO8k" title="Number of issued shares of common stock">112,000 shares will vest if the VWAP of the Company’s Class A common stock equals or exceeds $<span id="xdx_906_eus-gaap--SaleOfStockPricePerShare_iI_pid_c20260113__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--VWAPMember__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zmATrEGte8z2" title="Share price">12.00 per share for any 30 trading days within any consecutive 45 trading days, an additional <span id="xdx_901_eus-gaap--SaleOfStockNumberOfSharesIssuedInTransaction_pid_c20260113__20260113__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--VWAPOneMember__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_z4ke33yDeol5" title="Number of issued shares of common stock">112,000 shares will vest if the VWAP equals or exceeds $<span id="xdx_903_eus-gaap--SaleOfStockPricePerShare_iI_pid_c20260113__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--VWAPOneMember__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_z4vL0HV6yzUk" title="Share price">14.50 per share for any 30 trading days within any consecutive 45 trading days, and the remaining <span id="xdx_907_eus-gaap--SaleOfStockNumberOfSharesIssuedInTransaction_pid_c20260113__20260113__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--VWAPTwoMember__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zOpFxHRgVSZ5" title="Number of issued shares of common stock">112,000 shares will vest if the VWAP equals or exceeds $<span id="xdx_908_eus-gaap--SaleOfStockPricePerShare_iI_pid_c20260113__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--VWAPTwoMember__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zW1rFWNDs0rk" title="Share price">17.00 per share for any 30 trading days within any consecutive 45 trading days. During the nine months ended September 30, 2026, all applicable vesting conditions associated with the <span id="xdx_905_eus-gaap--SaleOfStockNumberOfSharesIssuedInTransaction_pid_c20260101__20260930__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zycAD5baLovh" title="Number of issued shares of common stock">336,000 share award were satisfied and the award became fully vested, see Note 2 – Business Combination and Note 16 – Stock-based Compensation. Installment Note In May 2026, in connection with the Business Combination (see Note 2 – Business Combination), the Company issued an installment note with an initial principal amount of $8,500 to Andrew Karos, the Company’s Chief Executive Officer, as partial consideration for the cancellation of his equity interests in Boost Run Holdings, LLC. The installment note was satisfied in full in connection with the Closing on May 8, 2026. Earnout Shares On May 8, 2026, in connection with the Business Combination (see Note 2 – Business Combination), Andrew Karos, the Company’s Chief Executive Officer, became entitled to receive up to <span id="xdx_90E_eus-gaap--StockIssuedDuringPeriodSharesAcquisitions_pid_c20260508__20260508__us-gaap--TypeOfArrangementAxis__custom--MergerAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__srt--ChiefExecutiveOfficerMember_zeIm53heIiD7" title="Issued shares">7,875,000 Karos Earnout Shares. The Sponsor, which is controlled by B. Luke Weil, a member of the Company’s Board of Directors, became entitled to receive up to <span id="xdx_909_ecustom--StockIssuedDuringPeriodOfEarnoutSharesOne_pid_c20260508__20260508__us-gaap--TypeOfArrangementAxis__custom--EarnoutAgreementAmendmentMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--LukeWeilMember_zXpYBnFyR3Bj" title="Issued shares">1,125,000 Sponsor Earnout Shares, and the SPV, an entity owned by Sean Goodrich, a member of the Company’s Board of Directors, became entitled to receive up to <span id="xdx_90A_ecustom--StockIssuedDuringPeriodOfEarnoutSharesTwo_c20260508__20260508__us-gaap--TypeOfArrangementAxis__custom--EarnoutAgreementAmendmentMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SeanGoodrichMember_zmpAMIK5HZI6" title="Issued shares">1,968,750 SPV Earnout Shares, in each case upon achievement of specified Class A Common Stock price targets during the three-year period following Closing, as described in Note 2 – Business Combination. During the nine months ended September 30, 2026, all applicable stock price targets were achieved, and the Company issued <span id="xdx_900_eus-gaap--StockIssuedDuringPeriodSharesAcquisitions_pid_c20260101__20260930__us-gaap--TypeOfArrangementAxis__custom--MergerAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__srt--ChiefExecutiveOfficerMember_zD6nETJ7dFP1" title="Issued shares">7,875,000 Karos Earnout Shares, <span id="xdx_90D_ecustom--StockIssuedDuringPeriodOfEarnoutSharesOne_pid_c20260101__20260930__us-gaap--TypeOfArrangementAxis__custom--EarnoutAgreementAmendmentMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--LukeWeilMember_zF5dPVFbwsAb" title="Issued shares">1,125,000 Sponsor Earnout Shares, and <span id="xdx_90D_ecustom--StockIssuedDuringPeriodOfEarnoutSharesTwo_c20260101__20260930__us-gaap--TypeOfArrangementAxis__custom--EarnoutAgreementAmendmentMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SeanGoodrichMember_zrutFAedPhf4" title="Issued shares">1,968,750 SPV Earnout Shares. The Earnout Shares are classified within permanent equity and are not subject to remeasurement; see Note 2 – Business Combination for the related accounting treatment.

1430000

336000

112000

12.00

112000

14.50

112000

17.00

336000

8500000

7875000

1125000 1968750

7875000

1125000 1968750

Note 15. Stockholders’ Equity Business Combination On May 8, 2026, the Company consummated the Business Combination (see Note 2 - Business Combination) which was accounted for as a reverse recapitalization, with Boost Run Holdings, LLC determined to be the accounting acquirer for financial reporting purposes. In connection with the Closing, all outstanding equity interests of Boost Run Holdings were cancelled and converted into the right to receive merger consideration in accordance with the Business Combination Agreement. As a result, no Class A Units, Class B Units or Class C Units of Boost Run Holdings remained outstanding as of September 30, 2026. Authorized Capital Stock As of September 30, 2026, pursuant to the Company’s Amended and Restated Certificate of Incorporation, the Company is authorized to issue 1,000,000,000 shares of capital stock, consisting of: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">500,000,000 shares of Class A Common Stock, par value $0.0001 per share;</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">200,000,000 shares of Class B Common Stock, par value $0.0001 per share; and</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">300,000,000 shares of Preferred Stock, par value $0.0001 per share. As of September 30, 2026, no shares of preferred stock were issued or outstanding.</td></tr> </table> Class A Common Stock and Class B Common Stock Holders of Class A Common Stock and Class B Common Stock vote together as a single class on all matters submitted to a vote of stockholders. Each share of Class A Common Stock is entitled to one vote per share, and each share of Class B Common Stock is entitled to ten votes per share. Holders of Class A Common Stock and Class B Common Stock participate equally on a per-share basis with respect to dividends and distributions and are entitled to receive ratably all assets available for distribution upon liquidation, subject to the rights of any outstanding preferred stock. Each share of Class B Common Stock automatically converts into one share of Class A Common Stock upon certain transfers and other events specified in the Company’s Certificate of Incorporation, including (i) a transfer, assignment or other disposition of the share, (ii) the holder ceasing to serve as an executive officer or director of the Company, or (iii) the holder’s ownership of Class B Common Stock falling below 40% of the shares held by that holder at the closing of the Business Combination. Legacy Class C Units Prior to the Business Combination, Boost Run Holdings issued 128 Class C Units in connection with the August 2025 Warrant Cancellation Agreement. The Class C Units were non-voting interests that entitled the holder to specified economic rights in Boost Run Holdings and were subject to a participation threshold of $6,394 per unit. The Company determined that the Class C Units were appropriately classified as permanent equity because the units did not contain redemption features outside of the Company’s control. Upon consummation of the Business Combination on May 8, 2026, all outstanding Class C Units were cancelled and converted into the right to receive shares of Boost Run Class A Common Stock in accordance with the Business Combination Agreement. Accordingly, no Class C Units remained outstanding as of September 30, 2026. Warrants In connection with the Business Combination, the Company assumed Public Warrants and Private Warrants previously issued by the SPAC. Each whole warrant entitles the holder to purchase one share of the Company’s Class A Common Stock at an exercise price of $<span id="xdx_90A_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_pid_c20260930__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zZeqb9yEV63j" title="Exercise price of warrants">11.50 per share. The warrants became exercisable upon consummation of the Business Combination and expire on May 8, 2031, unless earlier exercised, redeemed or otherwise terminated in accordance with their terms. Management evaluated the warrant terms in accordance with ASC 815, Derivatives and Hedging, and concluded that the warrants qualify for equity classification. Accordingly, the warrants are recorded within additional paid-in capital and are not subsequently remeasured. Warrant Redemption On July 21, 2026, the Company delivered a notice of redemption to the holders of all of its outstanding warrants to purchase Class A Common Stock, calling such warrants for redemption at 5:00 p.m., New York City time, on August 20, 2026, at a redemption price of $0.01 per warrant, in accordance with the terms of the Warrant Agreement. Prior to the redemption date, holders were able to exercise their warrants for cash at the stated exercise price of $<span id="xdx_909_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_pid_c20260721__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_ze8itMjSmCZd" title="Exercise price of warrants">11.50 per share; any warrants not exercised by that time were to be redeemed for $0.01 per warrant, and holders of such unexercised warrants will have no further rights with respect to those warrants other than to receive the redemption price. During the nine months ended September 30, 2026, holders exercised all <span id="xdx_90E_ecustom--StockIssuedDuringPeriodSharesWarrantsExercised_pid_c20260101__20260930__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zRLyFzvxnKpg" title="Number of warrants exercised">11,447,717 warrants in connection with the redemption, respectively, for aggregate cash proceeds of approximately $131,615, recorded in the interim condensed consolidated balance sheet, which is net of approximately $34 of fees recorded in selling, general and administrative (excluding depreciation and amortization) in the interim condensed consolidated statement of operations, resulting in the issuance of <span id="xdx_90E_ecustom--StockIssuedDuringPeriodSharesWarrantsExercised_pid_c20260101__20260930__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zejFAiVRKapk" title="Number of warrants exercised">11,447,717 shares of the Company’s Class A Common Stock. As of September 30, 2026, <span id="xdx_90E_eus-gaap--ClassOfWarrantOrRightOutstanding_iI_pid_do_c20260930__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_z4dBxWBqT0Lf" title="Number of warrants or rights outstanding">no warrants remained outstanding.

1000000000

500000000

0.0001

200000000

0.0001

300000000

0.0001

128

6394

11.50

0.01

11.50

0.01 11447717

131615000

34000

11447717

Note 16. Stock-Based Compensation RSUs The Company maintains the Boost Run Inc. 2026 Omnibus Incentive Plan (the “2026 Plan”), which was approved by the Company’s board of directors and stockholders in 2026. The 2026 Plan permits the grant of stock options, stock appreciation rights, restricted stock awards, RSUs, performance-based awards, and other equity and cash-based incentive awards to eligible employees, directors, and consultants. The 2026 Plan authorizes the issuance of up to <span id="xdx_90A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized_iI_pid_c20260930__us-gaap--PlanNameAxis__custom--TwoThousandTwentySixOmnibusIncentivePlanMember__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_z0VXsQ8YjRhd" title="Number of shares authorized">9,214,301 shares of the Company’s Class A Common Stock pursuant to awards granted under the plan. Awards are granted at the discretion of the board of directors or its authorized committee and are subject to the terms and conditions established in the applicable award agreements. The RSUs generally vest over a service period of one to four years and are settled in shares of the Company’s Class A Common Stock upon vesting. During the three months ended September 30, 2026, the Company granted <span id="xdx_909_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_pid_c20260101__20260930__us-gaap--PlanNameAxis__custom--TwoThousandTwentySixOmnibusIncentivePlanMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zBDm8FCE32Ve" title="RSU granted">6,228,003 RSUs under the 2026 Plan. As of September 30, 2026, <span id="xdx_903_eus-gaap--CommonStockCapitalSharesReservedForFutureIssuance_iI_pid_c20260930__us-gaap--PlanNameAxis__custom--TwoThousandTwentySixOmnibusIncentivePlanMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zq2j96UhUQL1" title="Shares reserved for future issuance">2,986,298 shares remained available for future grant under the 2026 Plan. <p id="xdx_89A_eus-gaap--ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock_zpCXQdHbUOId" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">The following is a summary of time-based RSU activity during the period ended September 30, 2026: Schedule of summary of time-based RSU activity <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Number of RSUs</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Weighted Average Grant Date Fair Value</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Unvested - December 31, 2025</td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iS_pid_c20260101__20260930__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zTLlCcTbdux2" style="text-align: right" title="Unvested">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_iS_pid_c20260101__20260930__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zmBpsV91KJUb" style="text-align: right" title="Weighted average grant date fair value, unvested">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 60%">Granted</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_pid_c20260101__20260930__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zaBJVr3WYSjb" style="width: 16%; text-align: right" title="Granted">6,228,003</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_988_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_pid_c20260101__20260930__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zaq9US8A6iG9" style="width: 16%; text-align: right" title="Weighted average grant date fair value, Granted">16.65</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Vested</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_pid_c20260101__20260930__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zFi6lgTQ7yt3" style="text-align: right" title="Vested">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_pid_c20260101__20260930__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zri0O0seCLle" style="text-align: right" title="Weighted average grant date fair value, Vested">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Cancelled or Forfeited</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_983_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_pid_c20260101__20260930__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zsidLGO1SRhc" style="border-bottom: Black 1pt solid; text-align: right" title="Cancelled or Forefeited">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_989_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_pid_c20260101__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zUEjdyIbNDN2" style="border-bottom: Black 1pt solid; text-align: right" title="Weighted average grant date fair value, Cancelled or Forfeited">-</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">Unvested - September 30, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_981_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iE_pid_c20260101__20260930__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zR1oNBxgOy1h" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Unvested">6,228,003</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_98E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_iE_pid_c20260101__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zgKxOUrZHtNe" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Weighted average grant date fair value, unvested">16.65</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> During the three and nine months ended September 30, 2026, the Company recorded a total stock-based compensation expense of $<span id="xdx_900_eus-gaap--AllocatedShareBasedCompensationExpense_pn3n3_c20260701__20260930__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__srt--TitleOfIndividualAxis__custom--EmployeesAndNonEmployeeDirectorsMember_zR0hFlBjZqt1" title="Stock based compensation expense"><span id="xdx_904_eus-gaap--AllocatedShareBasedCompensationExpense_pn3n3_c20260101__20260930__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__srt--TitleOfIndividualAxis__custom--EmployeesAndNonEmployeeDirectorsMember_zGizBgr1k0h" title="Stock based compensation expense">242 related to the RSUs awarded to employees and non-employee directors. During the three and nine months ended September 30, 2026, the Company recorded a total stock-based compensation expense of $<span id="xdx_90D_eus-gaap--AllocatedShareBasedCompensationExpense_pn3n3_c20260701__20260930__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__srt--TitleOfIndividualAxis__custom--NonEmployeesMember_z2tpLGf4AWR6" title="Stock based compensation expense"><span id="xdx_903_eus-gaap--AllocatedShareBasedCompensationExpense_pn3n3_c20260101__20260930__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__srt--TitleOfIndividualAxis__custom--NonEmployeesMember_zy4ztzyV8V82" title="Stock based compensation expense">8 related to RSUs awarded to nonemployees. As of September 30, 2026, total stock-based compensation expense not yet recognized related to the unvested RSUs was $<span id="xdx_90C_eus-gaap--EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions_iI_pn3n3_c20260930__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zcyTOs1Xs2m8" title="Cost not yet recognized">103,446, which is expected to be recognized over a weighted-average period of <span id="xdx_901_eus-gaap--EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1_dtY_c20260101__20260930__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zq0gg9tbqJie" title="Period of recognition">3 years. Profit Interest Units Pursuant to the Amended and Restated Limited Liability Company Agreement dated August 2025 to provide appropriate equity-based incentives to key employees, the Company issued Profit Interest Units to individuals in exchange for services rendered to or on behalf of the Company. These units, once granted, are generally subject to vesting conditions, which may vary by individual. Profit Interest Units did not require any capital contribution and entitled holders to share in the future appreciation of the Company’s fair market value through distributions. A Profit Interest Unit became eligible for distributions only if: (i) the unit was vested as of the distribution date, and (ii) the total distribution amount exceeded a threshold (or “Participation Threshold”) amount established by the Board on the date of grant. Holders of Profit Interest Units, however, had no voting rights with respect to such units on matters concerning the Company’s business or affairs. The Profit Interest Units were accounted for as unit-based compensation in accordance with ASC 718, Compensation – Stock Compensation. These units generally vested over two years and did not have a contractual expiration date. The Profit Interest Units were subject to forfeiture until the service-based vesting requirement was satisfied through continued employment or service with the Company. Pursuant to the terms of the award agreements, all outstanding unvested Profit Interest Units vested upon the closing of the Business Combination on May 8, 2026. In connection with the Business Combination, all vested and unvested Profit Interest Units were converted into shares of the Company’s Class A Common Stock in accordance with the terms of the merger agreement. The following is a summary of the Class A Common Stock converted from Profit Interest Units activity for the nine months ended September 30, 2026: Schedule of Class A Common Stock Converted from Profit Interest Units Activity <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Class A Common Stock Converted from Profit Interest Units</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Weighted Average Participation Threshold</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; font-weight: bold">Unvested balance as of December 31, 2025</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_987_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iS_pid_c20260101__20260930__us-gaap--AwardTypeAxis__custom--ProfitInterestUnitsMember_zlDHmqy15pY7" style="width: 16%; text-align: right" title="Unvested">13,847,261</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_984_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_iS_pid_c20260101__20260930__us-gaap--AwardTypeAxis__custom--ProfitInterestUnitsMember_zNSlLW7NmYa8" style="width: 16%; text-align: right" title="Weighted average grant date fair value, unvested">1,322</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Granted</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_980_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_pid_c20260101__20260930__us-gaap--AwardTypeAxis__custom--ProfitInterestUnitsMember_zNCmdNFhmg6a" style="font-weight: bold; text-align: right" title="Granted">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_988_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_pid_c20260101__20260930__us-gaap--AwardTypeAxis__custom--ProfitInterestUnitsMember_zXssNBiC8JCf" style="font-weight: bold; text-align: right" title="Weighted average grant date fair value, Granted">-</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Vested</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_iN_pid_di_c20260101__20260930__us-gaap--AwardTypeAxis__custom--ProfitInterestUnitsMember_zXsUD3Zmnkl9" style="text-align: right" title="Vested">(13,847,261</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_pid_c20260101__20260930__us-gaap--AwardTypeAxis__custom--ProfitInterestUnitsMember_zVjhi9i9ziV8" style="text-align: right" title="Weighted average grant date fair value, Vested">1,322</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Forfeited</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_pid_c20260101__20260930__us-gaap--AwardTypeAxis__custom--ProfitInterestUnitsMember_zY51Xd89juK4" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Forfeited">-</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_981_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_pid_c20260101__20260930__us-gaap--AwardTypeAxis__custom--ProfitInterestUnitsMember_zCipRXLNuK3e" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Weighted average grant date fair value, Forfeited">-</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Unvested balance as of September 30, 2026</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_988_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iE_pid_c20260101__20260930__us-gaap--AwardTypeAxis__custom--ProfitInterestUnitsMember_znYME4BpYqJb" style="font-weight: bold; text-align: right" title="Unvested">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td id="xdx_984_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iE_pid_c20260101__20260930__us-gaap--AwardTypeAxis__custom--ProfitInterestUnitsMember_zhEc2GckRqsf" style="font-weight: bold; text-align: right" title="Weighted average grant date fair value, unvested">-</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold">Vested balance immediately prior to Closing of the Business Combination</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_980_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedNumber_iS_pid_c20260701__20260930__us-gaap--AwardTypeAxis__custom--ProfitInterestUnitsMember_zfO4x3PR5t33" style="font-weight: bold; text-align: right" title="Class A common stock converted from profit interest units, Vested balance ending">14,241,982</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td id="xdx_982_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedWeightedAverageGrantDateFairValue_iS_pid_c20260701__20260930__us-gaap--AwardTypeAxis__custom--ProfitInterestUnitsMember_zKw3uVELfeL6" style="font-weight: bold; text-align: right" title="Weighted average grant date fair value, vested">1,417</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Conversion</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_984_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsConversion_pid_c20260701__20260930__us-gaap--AwardTypeAxis__custom--ProfitInterestUnitsMember_z1xy6Pu2pgn3" style="border-bottom: Black 1pt solid; text-align: right" title="Conversion">(14,241,982</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_981_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageConversion_pid_c20260701__20260930__us-gaap--AwardTypeAxis__custom--ProfitInterestUnitsMember_zJK5U3vrmdlh" style="border-bottom: Black 1pt solid; text-align: right" title="Weighted average grant date fair value, Conversion">1,417</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold">Outstanding as of September 30, 2026</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_982_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedNumber_iE_pid_c20260701__20260930__us-gaap--AwardTypeAxis__custom--ProfitInterestUnitsMember_zWfeoW7xIzse" style="font-weight: bold; text-align: right" title="Vested balance">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td id="xdx_98E_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedWeightedAverageGrantDateFairValue_iE_pid_c20260701__20260930__us-gaap--AwardTypeAxis__custom--ProfitInterestUnitsMember_z2H5tqlO5LFe" style="font-weight: bold; text-align: right" title="Weighted average grant date fair value, vested">-</td><td style="font-weight: bold; text-align: left"> </td></tr> </table> During the three months ended September 30, 2026 and 2025, the Company recognized $0 and $12,814 of stock-based compensation expense related to the Profit Interest Units, respectively. During the nine months ended September 30, 2026 and 2025, the Company recorded stock-based compensation expense of $248 and $13,220, respectively related to the Profit Interest Units, recorded in selling, general and administrative (excluding depreciation and amortization) in the interim condensed consolidated statement of operations. As of September 30, 2026, all Profit Interest Units were vested and there was <span id="xdx_904_eus-gaap--EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions_iI_pid_do_c20260930__us-gaap--AwardTypeAxis__custom--ProfitInterestUnitsMember_ztF4h9OBg9u1">no remaining unrecognized compensation cost related to these awards. Non-employee Share-Based Award During the nine months ended September 30, 2026, the Company recognized stock-based compensation expense of $7,020 related to an equity-classified share-based award granted to a consultant in connection with the Business Combination. The award was accounted for pursuant to ASC 718, Compensation-Stock Compensation. The grant-date fair value of the award was determined using a Monte Carlo simulation model due to the presence of market-based vesting conditions. The award became fully vested during the three months ended June 30, 2026, and no unrecognized compensation cost remained as of September 30, 2026. See Note 2 - Business Combination, and Note 14 - Related Party Transactions, for additional information regarding the consulting agreement award. <p id="xdx_89D_eus-gaap--ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock_zp1wfwWk9opk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">The following weighted-average assumptions were used in the Monte Carlo simulation: Schedule of Weighted Average Assumptions <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 70%; margin-right: auto"> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 80%">Volatility</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">75.0</td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Risk-free interest rate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4.15</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Dividend yield</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">0.00</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Maximum term (years)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7.0</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Stock price at grant date</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">20.97</td><td style="text-align: left"> </td></tr> </table> During the nine months ended September 30, 2026, all market-based vesting conditions associated with the award were achieved and the award became fully vested. As a result, the Company recognized $7,020 of stock-based compensation expense within selling, general and administrative expenses in the Company’s interim condensed consolidated statements of operations during the nine months ended September 30, 2026. No unrecognized compensation cost related to this award remained as of September 30, 2026.

9214301

6228003

2986298

<p id="xdx_89A_eus-gaap--ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock_zpCXQdHbUOId" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">The following is a summary of time-based RSU activity during the period ended September 30, 2026: Schedule of summary of time-based RSU activity <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Number of RSUs</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Weighted Average Grant Date Fair Value</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Unvested - December 31, 2025</td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iS_pid_c20260101__20260930__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zTLlCcTbdux2" style="text-align: right" title="Unvested">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_iS_pid_c20260101__20260930__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zmBpsV91KJUb" style="text-align: right" title="Weighted average grant date fair value, unvested">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 60%">Granted</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_pid_c20260101__20260930__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zaBJVr3WYSjb" style="width: 16%; text-align: right" title="Granted">6,228,003</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_988_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_pid_c20260101__20260930__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zaq9US8A6iG9" style="width: 16%; text-align: right" title="Weighted average grant date fair value, Granted">16.65</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Vested</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_pid_c20260101__20260930__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zFi6lgTQ7yt3" style="text-align: right" title="Vested">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_pid_c20260101__20260930__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zri0O0seCLle" style="text-align: right" title="Weighted average grant date fair value, Vested">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Cancelled or Forfeited</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_983_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_pid_c20260101__20260930__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zsidLGO1SRhc" style="border-bottom: Black 1pt solid; text-align: right" title="Cancelled or Forefeited">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_989_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_pid_c20260101__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zUEjdyIbNDN2" style="border-bottom: Black 1pt solid; text-align: right" title="Weighted average grant date fair value, Cancelled or Forfeited">-</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">Unvested - September 30, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_981_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iE_pid_c20260101__20260930__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zR1oNBxgOy1h" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Unvested">6,228,003</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_98E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_iE_pid_c20260101__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zgKxOUrZHtNe" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Weighted average grant date fair value, unvested">16.65</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table>

6228003

16.65

6228003

16.65

242000

8000

103446000

P3Y

The following is a summary of the Class A Common Stock converted from Profit Interest Units activity for the nine months ended September 30, 2026: Schedule of Class A Common Stock Converted from Profit Interest Units Activity <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Class A Common Stock Converted from Profit Interest Units</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Weighted Average Participation Threshold</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; font-weight: bold">Unvested balance as of December 31, 2025</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_987_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iS_pid_c20260101__20260930__us-gaap--AwardTypeAxis__custom--ProfitInterestUnitsMember_zlDHmqy15pY7" style="width: 16%; text-align: right" title="Unvested">13,847,261</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_984_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_iS_pid_c20260101__20260930__us-gaap--AwardTypeAxis__custom--ProfitInterestUnitsMember_zNSlLW7NmYa8" style="width: 16%; text-align: right" title="Weighted average grant date fair value, unvested">1,322</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Granted</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_980_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_pid_c20260101__20260930__us-gaap--AwardTypeAxis__custom--ProfitInterestUnitsMember_zNCmdNFhmg6a" style="font-weight: bold; text-align: right" title="Granted">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_988_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_pid_c20260101__20260930__us-gaap--AwardTypeAxis__custom--ProfitInterestUnitsMember_zXssNBiC8JCf" style="font-weight: bold; text-align: right" title="Weighted average grant date fair value, Granted">-</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Vested</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_iN_pid_di_c20260101__20260930__us-gaap--AwardTypeAxis__custom--ProfitInterestUnitsMember_zXsUD3Zmnkl9" style="text-align: right" title="Vested">(13,847,261</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_pid_c20260101__20260930__us-gaap--AwardTypeAxis__custom--ProfitInterestUnitsMember_zVjhi9i9ziV8" style="text-align: right" title="Weighted average grant date fair value, Vested">1,322</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Forfeited</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_pid_c20260101__20260930__us-gaap--AwardTypeAxis__custom--ProfitInterestUnitsMember_zY51Xd89juK4" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Forfeited">-</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_981_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_pid_c20260101__20260930__us-gaap--AwardTypeAxis__custom--ProfitInterestUnitsMember_zCipRXLNuK3e" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Weighted average grant date fair value, Forfeited">-</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Unvested balance as of September 30, 2026</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_988_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iE_pid_c20260101__20260930__us-gaap--AwardTypeAxis__custom--ProfitInterestUnitsMember_znYME4BpYqJb" style="font-weight: bold; text-align: right" title="Unvested">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td id="xdx_984_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iE_pid_c20260101__20260930__us-gaap--AwardTypeAxis__custom--ProfitInterestUnitsMember_zhEc2GckRqsf" style="font-weight: bold; text-align: right" title="Weighted average grant date fair value, unvested">-</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold">Vested balance immediately prior to Closing of the Business Combination</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_980_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedNumber_iS_pid_c20260701__20260930__us-gaap--AwardTypeAxis__custom--ProfitInterestUnitsMember_zfO4x3PR5t33" style="font-weight: bold; text-align: right" title="Class A common stock converted from profit interest units, Vested balance ending">14,241,982</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td id="xdx_982_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedWeightedAverageGrantDateFairValue_iS_pid_c20260701__20260930__us-gaap--AwardTypeAxis__custom--ProfitInterestUnitsMember_zKw3uVELfeL6" style="font-weight: bold; text-align: right" title="Weighted average grant date fair value, vested">1,417</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Conversion</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_984_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsConversion_pid_c20260701__20260930__us-gaap--AwardTypeAxis__custom--ProfitInterestUnitsMember_z1xy6Pu2pgn3" style="border-bottom: Black 1pt solid; text-align: right" title="Conversion">(14,241,982</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_981_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageConversion_pid_c20260701__20260930__us-gaap--AwardTypeAxis__custom--ProfitInterestUnitsMember_zJK5U3vrmdlh" style="border-bottom: Black 1pt solid; text-align: right" title="Weighted average grant date fair value, Conversion">1,417</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold">Outstanding as of September 30, 2026</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_982_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedNumber_iE_pid_c20260701__20260930__us-gaap--AwardTypeAxis__custom--ProfitInterestUnitsMember_zWfeoW7xIzse" style="font-weight: bold; text-align: right" title="Vested balance">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td id="xdx_98E_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedWeightedAverageGrantDateFairValue_iE_pid_c20260701__20260930__us-gaap--AwardTypeAxis__custom--ProfitInterestUnitsMember_z2H5tqlO5LFe" style="font-weight: bold; text-align: right" title="Weighted average grant date fair value, vested">-</td><td style="font-weight: bold; text-align: left"> </td></tr> </table>

13847261

1322

13847261

1322

14241982 1417 -14241982 1417

12814000

248000

13220000

7020000

<p id="xdx_89D_eus-gaap--ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock_zp1wfwWk9opk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">The following weighted-average assumptions were used in the Monte Carlo simulation: Schedule of Weighted Average Assumptions <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 70%; margin-right: auto"> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 80%">Volatility</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">75.0</td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Risk-free interest rate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4.15</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Dividend yield</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">0.00</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Maximum term (years)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7.0</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Stock price at grant date</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">20.97</td><td style="text-align: left"> </td></tr> </table>

0.750

0.0415

0.0000

P7Y

20.97

7020000

Note 17. Net Loss Per Share (“EPS”) The Company applies the two-class method when computing EPS attributable to common stockholders in accordance with ASC Topic 260, Earnings per Share (“ASC Topic 260”). Under ASC Topic 260, entities that have multiple classes of common stock or have issued securities other than common stock that participate in dividends with common stock (i.e., participating securities) are required to apply the two-class method to compute EPS. The two-class method determines earnings per share for each class of common stock and participating securities, if any, according to dividends declared or accumulated and participation rights in undistributed earnings. The two-class method requires income available to common stockholders for the period to be allocated between common stock and participating securities based upon their respective rights to share in the undistributed earnings as if all such earnings had been distributed during the period. There were no participating securities during the reporting periods, and no allocation of earnings to participating securities was required during the reporting periods. Because the Company had both Class A Common Stock and Class B Common Stock outstanding during the reporting periods, undistributed earnings were allocated between the two classes of common stock based on their respective rights to participate in such earnings. ASC Topic 260 does not provide a specific example of calculating diluted EPS under the two-class method. Accordingly, the Company has applied the reallocation method, under which the numerator used in the diluted EPS calculation reflects the reversal of undistributed earnings allocated in the basic EPS calculation and the reallocation of undistributed earnings to the classes of common stock assumed to be outstanding during the reporting period. Basic EPS is calculated by dividing net loss attributable to the applicable class of common stockholders by the weighted average number of respective common stock outstanding during the reporting period. Diluted EPS is calculated by dividing net loss attributable to common stockholders, adjusted for the impact of dilutive securities, by the weighted-average number of common stock outstanding, including the effect of all potentially dilutive shares. In the calculation of diluted EPS, the more dilutive of the two-class method or the if-converted method are used. For the periods presented, the Company determined that the two-class method and the if-converted method resulted in the same diluted earnings per share and, accordingly, applied the if-converted method for presentation purposes. Under the if-converted method, Class B Common Stock is assumed to have converted into Class A Common Stock for purposes of calculating diluted loss per share for Class A Common Stock. On May 8, 2026, the Company consummated the Business Combination described in Note 2 – Business Combination, which was accounted for as a reverse recapitalization. Accordingly, all shares presented for periods prior to the Business Combination have been retrospectively adjusted to reflect the exchange ratio established in the Business Combination Agreement. The Company has two classes of common stock, Class A Common Stock and Class B Common Stock. Holders of Class A Common Stock and Class B Common Stock participate equally in dividends and distributions on a per-share basis. Because the participating rights of the two classes are identical, basic and diluted loss per share are the same for each class of common stock for all periods presented in which both classes were outstanding. The following table sets forth the computation of basic and diluted net loss per share for the three months ended September 30, 2026 and 2025: Schedule of Net Loss Per Share, Basic and Diluted <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom; background-color: White"> <td style="display: none"> </td><td style="display: none"> </td> <td style="display: none; text-align: left"> </td><td id="xdx_496_20260701__20260930_z2qqQGWz0878" style="display: none; text-align: right"> </td><td style="display: none; text-align: left"> </td><td style="display: none"> </td> <td style="display: none; text-align: left"> </td><td id="xdx_499_20250701__20250930_znviaHEW8r16" style="display: none; text-align: right"> </td><td style="display: none; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the three months ended September 30,</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Numerator:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--NetIncomeLoss_pn3n3_zvm3lJkzvYw1" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; width: 60%; text-align: left; padding-bottom: 1pt">Net loss</td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 16%; text-align: right">(14,102</td><td style="width: 1%; padding-bottom: 1pt; text-align: left">)</td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 16%; text-align: right">(17,168</td><td style="width: 1%; padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--NetIncomeLossAvailableToCommonStockholdersBasic_pn3n3_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_ziNkHRsRGxC" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Net loss attributable to common stockholders - basic - Class A</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(8,957</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(148</td><td style="text-align: left">)</td></tr> <tr id="xdx_408_eus-gaap--NetIncomeLossAvailableToCommonStockholdersBasic_pn3n3_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_ztsllJMRVTee" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Net loss attributable to common stockholders - basic - Class B</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(5,145</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(17,020</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--NetIncomeLossAvailableToCommonStockholdersDiluted_pn3n3_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zBNqzyqLXqOd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Net loss attributable to common stockholders - dilutive - Class A</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(14,102</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(17,168</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Denominator:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pid_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zjOVKvsH9Fif" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Weighted average common shares outstanding - basic - Class A</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">51,406,707</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">257,442</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pid_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_z0A0oBBF35Gl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Weighted average common shares outstanding - basic - Class B</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">29,533,018</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">29,533,018</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--IncrementalCommonSharesAttributableToConversionOfDebtSecurities_pid_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zIJnP0yyDdhj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Incremental Shares - Class B conversion to Class A</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">29,533,018</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">29,533,018</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_pid_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_z6c62oymud74" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Weighted average common shares outstanding - dilutive - Class A</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">80,939,725</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">29,790,460</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Loss per share</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--EarningsPerShareBasic_pid_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zUG6oKfNfcfk" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 2.5pt">Net loss per share - basic - Class A</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(0.17</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(0.58</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> <tr id="xdx_402_eus-gaap--EarningsPerShareBasic_pid_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zn8lDnWKR1ye" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 2.5pt">Net loss per share - basic - Class B</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(0.17</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(0.58</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--EarningsPerShareDiluted_pid_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zCRN33amYtO9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 2.5pt">Net loss per share - dilutive - Class A</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(0.17</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(0.58</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> </table> The following table sets forth the computation of basic and diluted net loss per share for the nine months ended September 30, 2026 and 2025: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom; background-color: White"> <td style="display: none"> </td><td style="display: none"> </td> <td style="display: none; text-align: left"> </td><td id="xdx_49B_20260101__20260930_zMOU3WQFJWFj" style="display: none; text-align: right"> </td><td style="display: none; text-align: left"> </td><td style="display: none"> </td> <td style="display: none; text-align: left"> </td><td id="xdx_491_20250101__20250930_zTP1VGt2lNCk" style="display: none; text-align: right"> </td><td style="display: none; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the nine months ended September 30,</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Numerator:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--NetIncomeLoss_pn3n3_zSEslNKeJ747" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; width: 60%; text-align: left; padding-bottom: 1pt">Net loss</td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 16%; text-align: right">(93,267</td><td style="width: 1%; padding-bottom: 1pt; text-align: left">)</td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 16%; text-align: right">(14,617</td><td style="width: 1%; padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--NetIncomeLossAvailableToCommonStockholdersBasic_pn3n3_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zM3wKqYdCK7d" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Net loss attributable to common stockholders - basic - Class A</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(40,741</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(43</td><td style="text-align: left">)</td></tr> <tr id="xdx_408_eus-gaap--NetIncomeLossAvailableToCommonStockholdersBasic_pn3n3_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zwM9f2pXJiVe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Net loss attributable to common stockholders - basic - Class B</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(52,526</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(14,574</td><td style="text-align: left">)</td></tr> <tr id="xdx_40D_eus-gaap--NetIncomeLossAvailableToCommonStockholdersBasic_pn3n3_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zWsYRTD29N0e" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="display: none; padding-left: 10pt; text-align: left">Net loss attributable to common stockholders - basic</td><td style="display: none"> </td> <td style="display: none; text-align: left">$</td><td style="display: none; text-align: right">(52,526</td><td style="display: none; text-align: left">)</td><td style="display: none"> </td> <td style="display: none; text-align: left">$</td><td style="display: none; text-align: right">(14,574</td><td style="display: none; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--NetIncomeLossAvailableToCommonStockholdersDiluted_pn3n3_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zwBQCxx66183" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Net loss attributable to common stockholders - dilutive - Class A</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(93,267</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(14,617</td><td style="text-align: left">)</td></tr> <tr id="xdx_400_eus-gaap--NetIncomeLossAvailableToCommonStockholdersDiluted_pn3n3_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zPxBEX5wwRm1" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="display: none; padding-left: 10pt; text-align: left">Net loss attributable to common stockholders - dilutive</td><td style="display: none"> </td> <td style="display: none; text-align: left">$</td><td style="display: none; text-align: right">(93,267</td><td style="display: none; text-align: left">)</td><td style="display: none"> </td> <td style="display: none; text-align: left">$</td><td style="display: none; text-align: right">(14,617</td><td style="display: none; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Denominator:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pid_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_z3XBWDGdiinl" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Weighted average common shares outstanding - basic - Class A</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">22,907,066</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">86,129</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pid_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zChbPhlmcHdh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Weighted average common shares outstanding - basic - Class B</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">29,533,018</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">29,533,018</td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pid_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zwyWuWaLHUId" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="display: none; padding-left: 10pt; text-align: left">Weighted average common shares outstanding - basic</td><td style="display: none"> </td> <td style="display: none; text-align: left"> </td><td style="display: none; text-align: right">29,533,018</td><td style="display: none; text-align: left"> </td><td style="display: none"> </td> <td style="display: none; text-align: left"> </td><td style="display: none; text-align: right">29,533,018</td><td style="display: none; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--IncrementalCommonSharesAttributableToConversionOfDebtSecurities_pid_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zKdvAccq5BXh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Incremental Shares - Class B conversion to Class A</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">29,533,018</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">29,533,018</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_pid_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zpGBit4xCAJ9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Weighted average common shares outstanding - dilutive - Class A</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">52,440,084</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">29,619,147</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_pid_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zpQ4gnQzoFL9" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="display: none; padding-left: 10pt; text-align: left">Weighted average common shares outstanding - dilutive</td><td style="display: none"> </td> <td style="display: none; text-align: left"> </td><td style="display: none; text-align: right">52,440,084</td><td style="display: none; text-align: left"> </td><td style="display: none"> </td> <td style="display: none; text-align: left"> </td><td style="display: none; text-align: right">29,619,147</td><td style="display: none; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Loss per share</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--EarningsPerShareBasic_pid_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zyiTakyvP9R6" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 2.5pt">Net loss per share - basic - Class A</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(1.78</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(0.49</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> <tr id="xdx_402_eus-gaap--EarningsPerShareBasic_pid_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zxkv5JJcZSHk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 2.5pt">Net loss per share - basic - Class B</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(1.78</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(0.49</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> <tr id="xdx_402_eus-gaap--EarningsPerShareBasic_pid_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zVBrN157i2Kf" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="display: none; padding-left: 10pt; text-align: left; padding-bottom: 2.5pt">Net loss per share - basic</td><td style="display: none; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; display: none; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; display: none; text-align: right">(1.78</td><td style="display: none; padding-bottom: 2.5pt; text-align: left">)</td><td style="display: none; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; display: none; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; display: none; text-align: right">(0.49</td><td style="display: none; padding-bottom: 2.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--EarningsPerShareDiluted_pid_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zt99lMRVF1ga" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 2.5pt">Net loss per share - dilutive - Class A</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(1.78</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(0.49</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> <tr id="xdx_400_eus-gaap--EarningsPerShareDiluted_pid_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zthGZGIJHHfi" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="display: none; padding-left: 10pt; text-align: left; padding-bottom: 2.5pt">Net loss per share - dilutive</td><td style="display: none; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; display: none; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; display: none; text-align: right">(1.78</td><td style="display: none; padding-bottom: 2.5pt; text-align: left">)</td><td style="display: none; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; display: none; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; display: none; text-align: right">(0.49</td><td style="display: none; padding-bottom: 2.5pt; text-align: left">)</td></tr> </table> The Company reported net losses for the three and nine months ended September 30, 2026 and 2025. Accordingly, the inclusion of potential common shares would have been anti-dilutive and diluted net loss per share was therefore equal to basic net loss per share for those periods. Potential common shares excluded from diluted net loss per share consisted of <span id="xdx_908_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_pid_c20260701__20260930__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--RestrictedStockUnitsRSUMember_zJs1UUh1s5s9" title="Potential common shares excluded from diluted net loss per share"><span id="xdx_90A_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_pid_c20260101__20260930__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--RestrictedStockUnitsRSUMember_zMP99dNLbiz7" title="Potential common shares excluded from diluted net loss per share">6,228,003 RSUs during the three and nine months ended September 30, 2026. There were no anti-dilutive shares in the prior periods.

The following table sets forth the computation of basic and diluted net loss per share for the three months ended September 30, 2026 and 2025: Schedule of Net Loss Per Share, Basic and Diluted <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom; background-color: White"> <td style="display: none"> </td><td style="display: none"> </td> <td style="display: none; text-align: left"> </td><td id="xdx_496_20260701__20260930_z2qqQGWz0878" style="display: none; text-align: right"> </td><td style="display: none; text-align: left"> </td><td style="display: none"> </td> <td style="display: none; text-align: left"> </td><td id="xdx_499_20250701__20250930_znviaHEW8r16" style="display: none; text-align: right"> </td><td style="display: none; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the three months ended September 30,</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Numerator:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--NetIncomeLoss_pn3n3_zvm3lJkzvYw1" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; width: 60%; text-align: left; padding-bottom: 1pt">Net loss</td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 16%; text-align: right">(14,102</td><td style="width: 1%; padding-bottom: 1pt; text-align: left">)</td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 16%; text-align: right">(17,168</td><td style="width: 1%; padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--NetIncomeLossAvailableToCommonStockholdersBasic_pn3n3_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_ziNkHRsRGxC" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Net loss attributable to common stockholders - basic - Class A</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(8,957</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(148</td><td style="text-align: left">)</td></tr> <tr id="xdx_408_eus-gaap--NetIncomeLossAvailableToCommonStockholdersBasic_pn3n3_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_ztsllJMRVTee" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Net loss attributable to common stockholders - basic - Class B</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(5,145</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(17,020</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--NetIncomeLossAvailableToCommonStockholdersDiluted_pn3n3_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zBNqzyqLXqOd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Net loss attributable to common stockholders - dilutive - Class A</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(14,102</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(17,168</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Denominator:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pid_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zjOVKvsH9Fif" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Weighted average common shares outstanding - basic - Class A</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">51,406,707</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">257,442</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pid_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_z0A0oBBF35Gl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Weighted average common shares outstanding - basic - Class B</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">29,533,018</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">29,533,018</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--IncrementalCommonSharesAttributableToConversionOfDebtSecurities_pid_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zIJnP0yyDdhj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Incremental Shares - Class B conversion to Class A</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">29,533,018</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">29,533,018</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_pid_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_z6c62oymud74" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Weighted average common shares outstanding - dilutive - Class A</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">80,939,725</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">29,790,460</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Loss per share</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--EarningsPerShareBasic_pid_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zUG6oKfNfcfk" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 2.5pt">Net loss per share - basic - Class A</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(0.17</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(0.58</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> <tr id="xdx_402_eus-gaap--EarningsPerShareBasic_pid_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zn8lDnWKR1ye" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 2.5pt">Net loss per share - basic - Class B</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(0.17</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(0.58</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--EarningsPerShareDiluted_pid_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zCRN33amYtO9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 2.5pt">Net loss per share - dilutive - Class A</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(0.17</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(0.58</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> </table> The following table sets forth the computation of basic and diluted net loss per share for the nine months ended September 30, 2026 and 2025: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom; background-color: White"> <td style="display: none"> </td><td style="display: none"> </td> <td style="display: none; text-align: left"> </td><td id="xdx_49B_20260101__20260930_zMOU3WQFJWFj" style="display: none; text-align: right"> </td><td style="display: none; text-align: left"> </td><td style="display: none"> </td> <td style="display: none; text-align: left"> </td><td id="xdx_491_20250101__20250930_zTP1VGt2lNCk" style="display: none; text-align: right"> </td><td style="display: none; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the nine months ended September 30,</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Numerator:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--NetIncomeLoss_pn3n3_zSEslNKeJ747" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; width: 60%; text-align: left; padding-bottom: 1pt">Net loss</td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 16%; text-align: right">(93,267</td><td style="width: 1%; padding-bottom: 1pt; text-align: left">)</td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 16%; text-align: right">(14,617</td><td style="width: 1%; padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--NetIncomeLossAvailableToCommonStockholdersBasic_pn3n3_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zM3wKqYdCK7d" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Net loss attributable to common stockholders - basic - Class A</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(40,741</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(43</td><td style="text-align: left">)</td></tr> <tr id="xdx_408_eus-gaap--NetIncomeLossAvailableToCommonStockholdersBasic_pn3n3_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zwM9f2pXJiVe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Net loss attributable to common stockholders - basic - Class B</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(52,526</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(14,574</td><td style="text-align: left">)</td></tr> <tr id="xdx_40D_eus-gaap--NetIncomeLossAvailableToCommonStockholdersBasic_pn3n3_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zWsYRTD29N0e" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="display: none; padding-left: 10pt; text-align: left">Net loss attributable to common stockholders - basic</td><td style="display: none"> </td> <td style="display: none; text-align: left">$</td><td style="display: none; text-align: right">(52,526</td><td style="display: none; text-align: left">)</td><td style="display: none"> </td> <td style="display: none; text-align: left">$</td><td style="display: none; text-align: right">(14,574</td><td style="display: none; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--NetIncomeLossAvailableToCommonStockholdersDiluted_pn3n3_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zwBQCxx66183" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Net loss attributable to common stockholders - dilutive - Class A</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(93,267</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(14,617</td><td style="text-align: left">)</td></tr> <tr id="xdx_400_eus-gaap--NetIncomeLossAvailableToCommonStockholdersDiluted_pn3n3_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zPxBEX5wwRm1" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="display: none; padding-left: 10pt; text-align: left">Net loss attributable to common stockholders - dilutive</td><td style="display: none"> </td> <td style="display: none; text-align: left">$</td><td style="display: none; text-align: right">(93,267</td><td style="display: none; text-align: left">)</td><td style="display: none"> </td> <td style="display: none; text-align: left">$</td><td style="display: none; text-align: right">(14,617</td><td style="display: none; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Denominator:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pid_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_z3XBWDGdiinl" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Weighted average common shares outstanding - basic - Class A</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">22,907,066</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">86,129</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pid_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zChbPhlmcHdh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Weighted average common shares outstanding - basic - Class B</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">29,533,018</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">29,533,018</td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pid_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zwyWuWaLHUId" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="display: none; padding-left: 10pt; text-align: left">Weighted average common shares outstanding - basic</td><td style="display: none"> </td> <td style="display: none; text-align: left"> </td><td style="display: none; text-align: right">29,533,018</td><td style="display: none; text-align: left"> </td><td style="display: none"> </td> <td style="display: none; text-align: left"> </td><td style="display: none; text-align: right">29,533,018</td><td style="display: none; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--IncrementalCommonSharesAttributableToConversionOfDebtSecurities_pid_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zKdvAccq5BXh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Incremental Shares - Class B conversion to Class A</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">29,533,018</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">29,533,018</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_pid_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zpGBit4xCAJ9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Weighted average common shares outstanding - dilutive - Class A</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">52,440,084</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">29,619,147</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_pid_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zpQ4gnQzoFL9" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="display: none; padding-left: 10pt; text-align: left">Weighted average common shares outstanding - dilutive</td><td style="display: none"> </td> <td style="display: none; text-align: left"> </td><td style="display: none; text-align: right">52,440,084</td><td style="display: none; text-align: left"> </td><td style="display: none"> </td> <td style="display: none; text-align: left"> </td><td style="display: none; text-align: right">29,619,147</td><td style="display: none; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Loss per share</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--EarningsPerShareBasic_pid_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zyiTakyvP9R6" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 2.5pt">Net loss per share - basic - Class A</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(1.78</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(0.49</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> <tr id="xdx_402_eus-gaap--EarningsPerShareBasic_pid_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zxkv5JJcZSHk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 2.5pt">Net loss per share - basic - Class B</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(1.78</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(0.49</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> <tr id="xdx_402_eus-gaap--EarningsPerShareBasic_pid_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zVBrN157i2Kf" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="display: none; padding-left: 10pt; text-align: left; padding-bottom: 2.5pt">Net loss per share - basic</td><td style="display: none; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; display: none; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; display: none; text-align: right">(1.78</td><td style="display: none; padding-bottom: 2.5pt; text-align: left">)</td><td style="display: none; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; display: none; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; display: none; text-align: right">(0.49</td><td style="display: none; padding-bottom: 2.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--EarningsPerShareDiluted_pid_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zt99lMRVF1ga" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 2.5pt">Net loss per share - dilutive - Class A</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(1.78</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(0.49</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> <tr id="xdx_400_eus-gaap--EarningsPerShareDiluted_pid_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zthGZGIJHHfi" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="display: none; padding-left: 10pt; text-align: left; padding-bottom: 2.5pt">Net loss per share - dilutive</td><td style="display: none; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; display: none; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; display: none; text-align: right">(1.78</td><td style="display: none; padding-bottom: 2.5pt; text-align: left">)</td><td style="display: none; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; display: none; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; display: none; text-align: right">(0.49</td><td style="display: none; padding-bottom: 2.5pt; text-align: left">)</td></tr> </table>

-14102000

-17168000

-8957000

-148000

-5145000

-17020000

-14102000

-17168000

51406707

257442

29533018

80939725

29790460

-0.17

-0.58

-0.17

-0.58

-0.17

-0.58

-93267000

-14617000

-40741000

-43000

-52526000

-14574000

-52526000

-14574000

-93267000

-14617000

-93267000

-14617000

22907066

86129

29533018

52440084

29619147

52440084

29619147

-1.78

-0.49

-1.78

-0.49

-1.78

-0.49

-1.78

-0.49

-1.78

-0.49

6228003

Note 18. Commitments and Contingencies Partnership Agreement On April 17, 2026, the Company entered into a Partnership Agreement (“PA”), establishing a five-year strategic purchasing arrangement. Under the PA, the Company is committed to minimum annual purchase commitments across specified product categories, with aggregate minimum purchase commitments totaling approximately $1,440,000 over the five-year term, payable as $578,000 in the first year and $215,500 in each of the second through fifth years. The PA also establishes minimum purchase requirements for certain specified product categories within the annual purchase commitments (“Designated Spend requirements”). The agreement also provides for volume-based pricing discounts, supply chain prioritization, and advance planning coordination. If the Company does not satisfy the applicable annual minimum purchase commitment through qualifying purchases during a contract year, it is required to pay the contractual shortfall amount for that year. As of September 30, 2026, the Company had placed qualifying orders that substantially exceeded the aggregate minimum purchase commitment for the first contract year, and subsequent qualifying orders satisfied the remaining applicable Year 1 Designated Spend requirements. Accordingly, management does not expect to incur a contractual shortfall payment for at least one year from the date these interim condensed consolidated financial statements are issued. Except for amounts recognized in connection with executed purchase orders, no asset or liability has been recognized for the remaining executory purchase commitments under the PA. Data Center Capacity and Construction Agreement In April 2026, the Company entered into a capacity and construction agreement for a colocation site which requires the owner of the colocation site to complete certain improvements and provide the Company with a first right of refusal on the full capacity of the colocation site either through a lease, colocation agreement, or outright acquisition. Additionally, this agreement requires the Company to pay certain fees upon execution of the agreement and completion of the project. The Company is required to pay $<span id="xdx_906_ecustom--RequiredToPayProjectCompletionPayment_pn3n3_c20260401__20260430__us-gaap--TypeOfArrangementAxis__custom--DatacenterCapacityAndConstructionAgreementMember_zjheC2guqnj3" title="Required to pay project completion payment">3,500 at project completion. As of September 30, 2026, the Company paid $1,750 upon execution of the agreement. GPU Server Rental Services Agreement On June 8, 2026, the Company entered into a GPU server rental services agreement with a third party pursuant to which the Company will provide 240 GPU servers for an initial term of three years commencing on November 30, 2026. Under the agreement, the customer is required to make aggregate prepayments of $18,972 prior to commencement of services and an additional payment of $37,944 on the service commencement date, as well as a monthly rental fee of $3,689. On June 27, 2026, the Company and the customer executed Amendment No. 1 to the agreement, which added (i) a firm, non-cancellable commitment for 18 dedicated CPU nodes, and (ii) a firm, non-cancellable commitment for approximately 6.27 petabytes of raw NVMe storage for the full duration of the GPU rental term. Total contractual consideration associated with the initial term is approximately $207,565. The agreement provides the customer with options to renew the arrangement for successive one-year terms beginning November 30, 2029, and November 30, 2030. As of September 30, 2026, the Company recorded deferred revenue of $18,972 to customer deposits in the interim condensed consolidated balance sheet related to customer prepayments received under the agreement. Infrastructure Services Agreements During September 2026, the Company entered into multiple long-term customer agreements with multi-year terms extending through 2032. The agreements include customer prepayments and future service obligations. The total contractual value of the arrangements are in excess of $700,000, subject to the terms and conditions of the agreements. Technology Services Agreement On September 30, 2026, the Company entered into a non-cancellable technology services agreement with a 5five-year term. Pursuant to the agreement, the Company is committed to future payments of approximately $10,513 through October 2031. Payments are due in annual installments over the contractual term. No asset or liability has been recognized for the executory commitments under the agreement as of September 30, 2026. Legal proceedings From time to time, the Company may be involved in legal proceedings arising in the normal course of business. When deemed appropriate by management, the Company records reserves in its interim condensed consolidated financial statements for pending litigation matters. As of September 30, 2026, management was not aware of any pending or threatened legal actions that would require accrual or disclosure.

1440000

578000

215500

3500000

1750000

18972000

37944000

3689000

207565000

18972000

700000

P5Y

10513000

Note 19. Income Taxes In connection with the Business Combination (see Note 2 – Business Combination), Boost Run Holdings, LLC, previously treated as a nontaxable partnership for U.S. federal income tax purposes, became a wholly-owned disregarded entity of Boost Run, Inc. The Business Combination was accounted for as a reverse recapitalization for financial reporting purposes, with Boost Run Holdings, LLC identified as the accounting acquirer, as Boost Run Holdings, LLC’s legacy equity holders retained the majority of the voting power, board composition, and senior management of the combined company. Accordingly, the Business Combination did not result in a new basis of accounting, a step-up in the tax basis of Boost Run Holdings, LLC’s assets and liabilities, or the recognition of goodwill, and the tax consequences of the Business Combination are accounted for as a change in the tax status of an entity. For the three and nine months ended September 30, 2026, the Company was able to make a reliable estimate of its annual effective tax rate (“AETR”) and, accordingly, calculated its interim tax provision by applying the estimated AETR to year-to-date ordinary loss, in accordance with ASC 740-270-30-6. In the prior interim period (three and six months ended June 30, 2026), the Company used the actual year-to-date effective tax rate, in accordance with ASC 740-270-30-18, because small changes in projected annual ordinary income produced disproportionately large changes in the estimated AETR. The Company’s current forecast of an annual ordinary loss that exceeds the year-to-date loss supports a reliable AETR estimate. The Company will continue to reassess at each interim period. For the three months ended September 30, 2026, the Company recognized income tax benefit of $9,749, and for the nine months ended September 30, 2026, the Company recognized an income tax expense of $45,992, each recorded in benefit (provision) for income taxes in the interim condensed consolidated statement of operations. The Company’s benefit of $9,749 for the three months ended September 30, 2026, relates to ordinary operations for the period. The Company’s expense of $45,992 for the nine months ended September 30, 2026, primarily relates to the change in tax status due to the Business Combination. The Company’s effective tax rate for the three and nine months ended September 30, 2026, are 40.9% and negative 97.3%, respectively. The Company recognized deferred tax liabilities and deferred tax assets for the cumulative temporary differences that existed as of the Closing date, resulting in income tax expense of $56,560, recorded to provision for income taxes in the interim condensed consolidated statement of operations and a deferred tax liability on the Company’s interim condensed consolidated balance sheet. The temporary differences were measured based on the Company’s best estimate of the carryover tax basis of the Company’s assets and liabilities as of the Closing date, including with respect to depreciation methods expected to be elected on the Company’s final partnership income tax return for the pre-Business Combination period, and using the enacted U.S. federal statutory rate of 21% and an estimated blended state rate reflecting the Company’s state footprint as of the measurement date. These estimates are based on the Company’s current expectations and preliminary discussions with its tax return preparers and are subject to change as the Company’s state footprint evolves and as the Company’s final pre-Business Combination tax returns are completed and filed. This item is treated as a discrete item for interim reporting purposes and is excluded from the year-to-date ordinary income and actual effective tax rate described above. The Company is in a net deferred tax liability position, with recognized deferred tax liabilities exceeding recognized deferred tax assets and expects to generate sufficient future taxable income to realize its deferred tax assets. Accordingly, no valuation allowance was recorded against the deferred tax assets established in connection with the Business Combination. Because the Company was not historically subject to entity-level income tax, income tax expense and the effective tax rate for the current-year periods presented are not comparable to the corresponding prior-year periods, which did not reflect income tax expense attributable to the Company’s operations.

-9749000

45992000

-9749000

45992000

0.409

-0.973

56560000

0.21

Note 20. Segment Information When evaluating the Company’s performance and making key decisions regarding resource allocation the CODM reviews several key metrics, which include the following: Schedule of Segment Information <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="display: none; text-align: left"> </td><td style="display: none"> </td> <td style="display: none; text-align: left"> </td><td id="xdx_490_20260701__20260930_zsHJxISgZX6a" style="display: none; text-align: right"> </td><td style="display: none; text-align: left"> </td><td style="display: none"> </td> <td style="display: none; text-align: left"> </td><td id="xdx_493_20250701__20250930_zc83QRDYgqR8" style="display: none; text-align: right"> </td><td style="display: none; text-align: left"> </td><td style="display: none"> </td> <td style="display: none; text-align: left"> </td><td id="xdx_495_20260101__20260930_z7HGrn4juea3" style="display: none; text-align: right"> </td><td style="display: none; text-align: left"> </td><td style="display: none"> </td> <td style="display: none; text-align: left"> </td><td id="xdx_491_20250101__20250930_zYyBb98HGBl2" style="display: none; text-align: right"> </td><td style="display: none; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the three months ended September 30,</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the nine months ended September 30,</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_40D_eus-gaap--CostOfRevenue_pn3n3_zOIEIbfF4Qi9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 36%; text-align: left">Cost of revenue (excluding depreciation and amortization)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right">1,785</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right">1,166</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right">5,081</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right">2,410</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--SellingGeneralAndAdministrativeExpense_pn3n3_zjXKoZXk6jG9" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Selling, general and administrative (excluding depreciation and amortization)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">10,971</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">14,472</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">27,254</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">16,039</td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--DepreciationAndAmortization_pn3n3_zyA9ODT9I1Of" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Depreciation and amortization</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">34,808</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,305</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">57,676</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7,185</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--LeaseCost_pn3n3_zocOhfPEZ664" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Colocation lease cost</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">9,366</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,403</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">24,588</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">3,775</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--OperatingCostsAndExpenses_pn3n3_z7vKjKWgz5Bk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; font-weight: bold; text-align: left; padding-bottom: 2.5pt">Total operating expenses</td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">56,930</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">20,346</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">114,599</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">29,409</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> The Company’s long-lived assets were located in the U.S. as of September 30, 2026, and December 31, 2025.

When evaluating the Company’s performance and making key decisions regarding resource allocation the CODM reviews several key metrics, which include the following: Schedule of Segment Information <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="display: none; text-align: left"> </td><td style="display: none"> </td> <td style="display: none; text-align: left"> </td><td id="xdx_490_20260701__20260930_zsHJxISgZX6a" style="display: none; text-align: right"> </td><td style="display: none; text-align: left"> </td><td style="display: none"> </td> <td style="display: none; text-align: left"> </td><td id="xdx_493_20250701__20250930_zc83QRDYgqR8" style="display: none; text-align: right"> </td><td style="display: none; text-align: left"> </td><td style="display: none"> </td> <td style="display: none; text-align: left"> </td><td id="xdx_495_20260101__20260930_z7HGrn4juea3" style="display: none; text-align: right"> </td><td style="display: none; text-align: left"> </td><td style="display: none"> </td> <td style="display: none; text-align: left"> </td><td id="xdx_491_20250101__20250930_zYyBb98HGBl2" style="display: none; text-align: right"> </td><td style="display: none; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the three months ended September 30,</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the nine months ended September 30,</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_40D_eus-gaap--CostOfRevenue_pn3n3_zOIEIbfF4Qi9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 36%; text-align: left">Cost of revenue (excluding depreciation and amortization)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right">1,785</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right">1,166</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right">5,081</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right">2,410</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--SellingGeneralAndAdministrativeExpense_pn3n3_zjXKoZXk6jG9" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Selling, general and administrative (excluding depreciation and amortization)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">10,971</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">14,472</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">27,254</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">16,039</td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--DepreciationAndAmortization_pn3n3_zyA9ODT9I1Of" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Depreciation and amortization</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">34,808</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,305</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">57,676</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7,185</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--LeaseCost_pn3n3_zocOhfPEZ664" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Colocation lease cost</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">9,366</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,403</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">24,588</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">3,775</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--OperatingCostsAndExpenses_pn3n3_z7vKjKWgz5Bk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; font-weight: bold; text-align: left; padding-bottom: 2.5pt">Total operating expenses</td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">56,930</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">20,346</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">114,599</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">29,409</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table>

1785000

1166000

5081000

2410000

10971000

14472000

27254000

16039000

34808000

3305000

57676000

7185000

9366000

1403000

24588000

3775000

56930000

20346000

114599000

29409000

Note 21. Subsequent Events The Company has evaluated subsequent events through the date these interim condensed consolidated financial statements were issued and determined that there have been no events that have occurred that would require adjustments to disclosures in the interim condensed consolidated financial statements other than the following: Office Lease On September 24, 2026, the Company entered into a new office lease at 400 Skokie Boulevard. On October 1, 2026, the Company gained access to the space and the lease commenced. The lease has a 54-month term from October 2026 through March 2031. Monthly base rent is $10.25 from October 2026 through September 2027, $10.51 from October 2027 through September 2028, $10.77 from October 2028 through September 2029, $11.00 from October 2029 through September 2030, and $11.28 from October 2030 through March 2031. The agreement requires a security deposit equal to two months of the initial monthly base rent, or $20.50. Equipment Leases Subsequent to September 30, 2026, the Company entered into five equipment finance leases, executed during October 2026. The first lease has a 24-month term and requires an initial monthly payment of $4,617, followed by 23 additional monthly payments of $533. The remaining four leases each have a six-month term. The first of these leases requires an initial payment of $1,089, four additional monthly payments of $299, and a final payment of $3,397. The second requires an initial payment of $<span id="xdx_900_eus-gaap--FinanceLeasePrincipalPayments_pn3n3_c20261116__20261116__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--TypeOfArrangementAxis__custom--SecondLeaseMember__us-gaap--LeaseContractualTermAxis__custom--InitialPrepaymentMember_zt8C8pSmoNP1" title="Finance lease payments">9,801, four additional monthly payments of $<span id="xdx_90D_eus-gaap--FinanceLeasePrincipalPayments_pn3n3_c20261116__20261116__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--TypeOfArrangementAxis__custom--SecondLeaseMember__us-gaap--LeaseContractualTermAxis__custom--FourAdditionalMonthlyPaymentsMember_z2FJ25euR6Mb" title="Finance lease payments">2,695, and a final payment of $<span id="xdx_90F_eus-gaap--FinanceLeasePrincipalPayments_pn3n3_c20261116__20261116__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--TypeOfArrangementAxis__custom--SecondLeaseMember__us-gaap--LeaseContractualTermAxis__custom--FinalPaymentMember_zCsTXW1zjvob" title="Finance lease payments">30,569. The third requires an initial payment of $<span id="xdx_905_eus-gaap--FinanceLeasePrincipalPayments_pn3n3_c20261116__20261116__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--TypeOfArrangementAxis__custom--ThirdLeaseMember__us-gaap--LeaseContractualTermAxis__custom--InitialPrepaymentMember_zv62PDyt2Vyf" title="Finance lease payments">1,523, four additional monthly payments of $<span id="xdx_909_eus-gaap--FinanceLeasePrincipalPayments_pn3n3_c20261116__20261116__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--TypeOfArrangementAxis__custom--ThirdLeaseMember__us-gaap--LeaseContractualTermAxis__custom--FourAdditionalMonthlyPaymentsMember_zyAnu0XK9bn7" title="Finance lease payments">427, and a final payment of $<span id="xdx_908_eus-gaap--FinanceLeasePrincipalPayments_pn3n3_c20261116__20261116__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--TypeOfArrangementAxis__custom--ThirdLeaseMember__us-gaap--LeaseContractualTermAxis__custom--FinalPaymentMember_zR3YFgtjcG3e" title="Finance lease payments">4,843. The fourth requires an initial payment of $<span id="xdx_908_eus-gaap--FinanceLeasePrincipalPayments_pn3n3_c20261116__20261116__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--TypeOfArrangementAxis__custom--FourthLeaseMember__us-gaap--LeaseContractualTermAxis__custom--InitialPrepaymentMember_zY9qX42aawC" title="Finance lease payments">248, four additional monthly payments of $<span id="xdx_908_eus-gaap--FinanceLeasePrincipalPayments_pn3n3_c20261116__20261116__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--TypeOfArrangementAxis__custom--FourthLeaseMember__us-gaap--LeaseContractualTermAxis__custom--FourAdditionalMonthlyPaymentsMember_zyVOobcmDnt7" title="Finance lease payments">68, and a final payment of $<span id="xdx_90F_eus-gaap--FinanceLeasePrincipalPayments_pn3n3_c20261116__20261116__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--TypeOfArrangementAxis__custom--FourthLeaseMember__us-gaap--LeaseContractualTermAxis__custom--FinalPaymentMember_z4GaO42cSznc" title="Finance lease payments">774. The Company classified all five arrangements as finance leases under ASC 842. Accordingly, the Company will recognize the corresponding right-of-use assets and lease liabilities.

P54M

10.25

10.51

10.77

11.00

11.28

20.50

P24M

4617000

533000

1089000

299000

3397000

9801000

2695000

30569000

1523000

427000

4843000

248000

68000

774000