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FY2025
12 months to Dec 31, 2025
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|---|---|
| Cash Flows from Operating Activities: | |
| Net loss | |
| Adjustment to reconcile net loss to cash used in operating activities: | |
| Accretion of asset retirement obligation | |
| Depreciation | |
| Day one loss on issuance of convertible notes | |
| Change in fair value of liabilities | |
| Stock based compensation expense | |
| Changes in operating assets and liabilities: | |
| Prepaid expenses and other current assets | |
| Other receivables | |
| Accounts payable | |
| Accounts payable – related party | |
| Accrued expenses and other current liabilities | |
| Net cash used in operating activities | |
| Cash Flows from Investing Activities: | |
| Purchase of property, plant and equipment | |
| Investment in intangible assets | |
| Net cash used in investing activities | |
| Cash Flows from Financing Activities: | |
| Proceeds from convertible notes | |
| Repayment of convertible note | |
| Proceeds from Business Combination | |
| Proceeds from Issuance of Class A ordinary shares | |
| Net cash provided by financing activities | |
| Effect of exchange rate changes on cash | |
| Net increase in cash | |
| Cash , beginning of year | |
| Cash, end of year | |
| Supplemental cash flow information: | |
| Interest paid | |
| Noncash investing and financing activities: | |
| Conversion of June and July Notes to Class A ordinary shares | |
| Conversion of Senior Convertible Notes including accrued interest | |
| Non cash issuance of shares | |
| Accounts payable, accrued liabilities and other current liabilities assumed in Business Combination | |
| Convertible notes payable assumed in Business Combination | |
| Warrant liabilities combined assumed in Business Combination |
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