GFAI: financial statements from SEC

Income statement

Metric	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Revenue	35m	36m	36m	34m
Cost of revenue	30m	30m	31m	30m
Gross profit	5m	6m	5m	4m
Research and development	837,719	591,225	169,511	99,947
Selling, general and administrative	9m	10m	13m	14m
Operating income	−6m	−7m	−29m	−17m
Pre-tax income	−5m	−6m	−29m	−18m
Income tax	−6,394	−125,925	434,320	132,208
Net income	−7m	−6m	−30m	−19m
Earnings per share	−0.30	−0.53	−4.53	−14.97
Earnings per share, diluted	−0.30	−0.53	−4.53	−14.97
Weighted average shares	22m	11m	7m	1m

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	—	—	25m	22m	20m	—	—
Receivables	—	—	5m	6m	6m	—	—
Inventory	—	—	21,519	274,854	506,403	—	—
Current assets	—	—	34m	31m	31m	—	—
Property, plant and equipment	—	—	3m	3m	4m	—	—
Goodwill	—	—	—	411,862	411,862	—	—
Total assets	—	—	49m	45m	46m	—	—
Current liabilities	—	—	6m	6m	14m	—	—
Short-term debt	—	—	—	44,232	337,241	—	—
Long-term debt	—	—	—	—	44,410	—	—
Total liabilities	—	—	15m	13m	21m	—	—
Equity	—	—	34m	32m	25m	19m	7m
Shares outstanding	—	—	18m	18m	10m	—	—
Shares issued	—	—	18m	18m	10m	—	—

Metric	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Operating cash flow	−1m	−3m	−2m	−17m
Share-based compensation	1m	2m	1m	252,095
Capital expenditure	345,149	244,581	2m	4m
Investing cash flow	231,590	200,386	−2m	−9m
Financing cash flow	3m	5m	17m	21m