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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 | 647,000 | 522,000 | 82,000 | 45,000 |
| Cost of revenue | — | 437,000 | 62,000 | 10,000 |
| Gross profit | −148,000 | 85,000 | 20,000 | 35,000 |
| Selling, general and administrative | 3m | 3m | 3m | 2m |
| Operating income | −8m | −8m | −8m | −6m |
| Pre-tax income | −8m | −8m | −8m | −6m |
| Income tax | 5,000 | 7,000 | — | — |
| Net income | −8m | −8m | −8m | −6m |
| Earnings per share | −6.53 | −72.60 | −115.20 | −42.40 |
| Earnings per share, diluted | −6.53 | −72.60 | −115.20 | −42.40 |
| Weighted average shares | 1m | 108,563 | 67,505 | 153,465 |
| Weighted average shares, diluted | 1m | 108,563 | 67,505 | 153,465 |
| Metric | Aug 18, 2026 | Dec 31, 2025 | Dec 31, 2024 | Jun 30, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | — | 7m | 3m | — | 810,000 | 10m | 1m |
| Receivables | — | 37,000 | — |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | −7m | −8m | −8m | −6m |
| Depreciation and amortisation | 84,000 | 107,000 | 68,000 | 23,000 |
| Share-based compensation | 1m | 182,000 | 241,000 | 790,000 |
| Capital expenditure |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| — |
| — |
| — |
| Current assets | — | 20m | 6m | — | 7m | — | — |
| Property, plant and equipment | — | 67,000 | 130,000 | — | 194,000 | — | — |
| Total assets | — | 20m | 6m | — | 8m | — | — |
| Current liabilities | — | 1m | 2m | — | 2m | — | — |
| Total liabilities | — | 1m | 2m | — | 2m | — | — |
| Equity | — | 19m | 4m | 2m | 6m | 10m | 807,000 |
| Shares outstanding | — | 3m | 235,821 | — | 254,843 | — | — |
| Shares issued | — | 3m | 235,821 | — | 254,843 | — | — |
| 20,000 |
| 43,000 |
| 194,000 |
| 48,000 |
| Investing cash flow | −11m | 3m | −4m | −66,000 |
| Financing cash flow | 21m | 7m | 3m | 15m |