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FY2025
12 months to Dec 31, 2025
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|
|---|---|
| Cash flows from operating activities: | |
| Net loss | |
| Less: Net loss (income) from discontinued operations | |
| Loss from continuing operations | |
| Adjustments to reconcile loss from continuing operations to net cash used in operating activities: | |
| Share-based compensation | |
| Change in fair value of convertible securities | |
| Effect of exchange rates | |
| Accrued interest on short-term deposit | |
| Change in operating assets and liabilities: | |
| Prepaid expenses and other current assets | |
| Accounts payable | |
| Non-cash lease expense | |
| Operating lease liabilities | |
| Accrued expense and other current liabilities | |
| Cash used in operating activities from continuing operations | |
| Net cash used in operating activities from discontinued operations | |
| Net cash used in operating activities | |
| Short-term deposit | |
| Purchase of property and equipment | |
| Cash used in investing activities from continuing operations | |
| Cash used in investing activities | |
| Cash flows from financing activities: | |
| Proceeds from convertible debt | |
| Proceeds from issuance of Ordinary Shares and warrants in an initial public offering, net | |
| Net cash provided by financing activities | |
| Cash provided by financing activities | |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | |
| Net increase (decrease) in cash and cash equivalents | |
| Cash, cash equivalents and restricted cash at beginning of year | |
| Cash, cash equivalents and restricted cash at end of year | |
| Supplemental disclosure of non-cash investing and financing activities: | |
| Offering cost included in accrued expense and other current liabilities | |
| Operating lease right-of-use assets acquired through lease liability | |
| Deferred offering costs transferred to additional paid-in-capital | |
| Conversion of SAFEs into ordinary shares | |
| Cash and cash equivalents | |
| Restricted cash | |
| Cash, cash equivalents and restricted cash at end of year |
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