v3.26.1
Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues $ 0 $ (3,742) $ 0 $ (9,891)
Operating Expenses        
Cost of revenues 0 (47) 0 (71)
Selling, general and administrative (984) (1,524) (6,163) (7,204)
Depreciation, amortization, and accretion 0 (52) (130) (175)
Development costs 0 (741) 0 (748)
Gain on sale of subsidiaries 0 0 15,513 0
Total operating income/ (expenses) (984) (2,364) 9,220 (8,198)
Income/(loss) from operations (984) (2,271) 9,220 (7,918)
Other income/(expense):        
Interest expense (399) (1,572) (3,839) (4,854)
Fair value movement of FPA Asset 0 0 0 (483)
Fair value movement of convertible notes (1,377) 1,079 (2,263) 898
Debt restructuring costs 0 0 (753) 0
Fair value movement of warrant derivative liability (676) 0 (514) 0
Gain on settlement of payables 426 0 426 0
Loss on settlement of liabilities (151) 0 (151) 0
Loss on settlement of SAA with Hover (2,025) 0 (2,025) 0
Loss on issuance of debt (19) 0 (19) (948)
Loss on extinguishment of debt (3,404) 0 (3,404) 179
Provision for loss from related party (1,139) 0 (1,139) 0
Other expense 0 0 (232) (8)
Other income 0 64 0 67
Total other expenses 8,765 429 13,914 5,149
Income / (Loss) before provision for income taxes (9,749) (2,700) (4,694) (13,067)
Income taxes 0 0 0 0
Income / (Loss) from continuing operations (9,749) (2,700) (4,694) (13,067)
Discontinued operations:        
Gain/(loss) from operations of discontinued business component 0 (1,735) 0 (6,950)
Gain/(loss) on sale of discontinued operations, net assets 0 (635) 0 1,531
Income/(loss) from discontinued operations 0 (2,370) 0 (5,419)
Net income/(loss) $ (9,749) $ (5,070) $ (4,694) $ (18,486)
Basic & diluted earnings/(loss) per share of common stock:        
Continuing operations, basic and diluted (in dollars per share) $ (14.48) $ (163.08) $ (11.69) $ (789.26)
Discontinued operations, basic and diluted (in dollars per share) 0 (143.15) 0 (327.31)
Total loss per share of common stock, basic and diluted (in dollars per share) $ (14.48) $ (306.23) $ (11.69) $ (1,116.58)
Weighted-average common stock outstanding, basic & diluted (in shares) 673,133 16,556 401,699 16,556
Comprehensive income / (loss):        
Net income/(loss) $ (9,749) $ (5,070) $ (4,694) $ (18,486)
Foreign currency translation adjustment (100) (2,659) 94 (3,379)
Comprehensive income/(loss) (9,849) (7,729) (4,600) (21,865)
UNITED STATES        
Revenues 0 (93) 0 (280)
Operating Expenses        
Depreciation, amortization, and accretion 0 (49) (130) (148)
Other income/(expense):        
Interest expense (371) (450) (3,285) (1,531)
Fair value movement of FPA Asset 0 0 0 483
Fair value movement of convertible notes (1,377) 1,079 (2,263) 898
Debt restructuring costs 0 0 (753) 0
Fair value movement of warrant derivative liability (677) 0 (514) 0
Gain on settlement of payables 426 0 426 0
Loss on settlement of liabilities (151) (151) (948)
Loss on settlement of SAA with Hover (2,025) (2,025)
Loss on issuance of debt (19) 0 (19) 0
Provision for loss from related party 1,139 0 1,139 (179)
Income taxes 0 0 0 0
Discontinued operations:        
Net income/(loss) (9,414) (1,200) (18,720) (8,691)
Comprehensive income / (loss):        
Net income/(loss) $ (9,414) $ (1,200) $ (18,720) $ (8,691)