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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Revenue | 1m | 658,000 | — | — |
| Cost of revenue | 4m | 1m | — | — |
| Gross profit | −3m | −580,000 | — | — |
| Research and development | 2m | 6m | 5m | 6m |
| Selling, general and administrative | 3m | 3m | 5m | 5m |
| Operating expenses | 5m | 8m | 10m | 11m |
| Operating income | −8m | −9m | −10m | −11m |
| Net income | −8m | 5m | −7m | −6m |
| Earnings per share | — | — | 0.00 | 0.01 |
| Earnings per share, diluted | — | — | 0.00 | 0.01 |
| Weighted average shares, diluted | 9.34bn | 3.23bn | 1.56bn | 754m |
| Metric | Aug 19, 2026 | Aug 18, 2026 | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | — | — | 2m | 2m | 5m | 14m | 18m |
| Receivables | — | — | 73,000 | 83,000 |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | −6m | −6m | −9m | −7m |
| Depreciation and amortisation | 1m | 2m | 514,000 | 562,000 |
| Share-based compensation | 303,000 | 682,000 | 1m | 2m |
| Capital expenditure |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| — |
| — |
| — |
| Current assets | — | — | 2m | 2m | 5m | — | — |
| Property, plant and equipment | — | — | 8m | 9m | 11m | — | — |
| Total assets | — | — | 12m | 13m | 17m | — | — |
| Current liabilities | — | — | 2m | 2m | 2m | — | — |
| Equity | — | — | 8m | 10m | −5m | −2m | 982,000 |
| Shares outstanding | — | — | 13.87bn | 3.41bn | 1.86bn | — | — |
| Shares issued | — | — | 13.87bn | 3.41bn | 1.86bn | — | — |
| 24,000 |
| 12,000 |
| 637,000 |
| 836,000 |
| Investing cash flow | −24,000 | −12,000 | −637,000 | −836,000 |
| Financing cash flow | 6m | 3m | 1m | 7m |