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FY2025
12 months to Dec 31, 2025
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|---|---|
| Cash flows from operating activities: | |
| Net loss | |
| Adjustments to reconcile net loss to net cash used in operating activities: | |
| Depreciation and amortization | |
| Amortization of right of use asset | |
| Amortization of discount on debt issued | |
| Derivative loss | |
| Change in fair values of senior secured note and warrant liabilities | |
| Financing charges from issuance of senior secured note | |
| Provision for excess and obsolete inventory | |
| Stock-based compensation | |
| Changes in operating assets and liabilities: | |
| Accounts receivable | |
| Inventories | |
| Prepaid expenses and other assets | |
| Accounts payable | |
| Accrued expenses and other liabilities | |
| Operating lease obligation | |
| Net cash used in operating activities | |
| Cash flows from financing activities: | |
| Proceeds from loans from related parties | |
| Payments to loans from related parties | |
| Proceeds from notes payable | |
| Financing costs paid | |
| Proceeds from issuance of convertible notes | |
| Repayment of convertible notes | |
| Proceeds from subscription of Common Stock | |
| Repayment of finance lease obligations | |
| Net cash provided by financing activities | |
| Net increase (decrease) in cash, cash equivalents and restricted cash | |
| Cash, cash equivalents and restricted cash at beginning of the period | |
| Cash, cash equivalents and restricted cash at end of the period | |
| Effect of exchange rate changes on cash and cash equivalents | |
| Supplemental disclosure of cash flow information: | |
| Cash paid for interest | |
| Cash paid for income taxes | |
| Non-cash investing and financing activities: | |
| Right of use assets acquired under finance leases | |
| Write-off of related party receivable | |
| Preferred stock conversion to common stock | |
| Right of use assets acquired under operating leases | |
| Reclassification of plant, property and equipment from right of use assets acquired under operating leases | |
| Interest added to principal on convertible notes | |
| Derivative liability recognized on issuance of convertible notes | |
| Conversion of convertible note and accrued interest to common stock | |
| Derecognition of derivative liability upon conversion of convertible notes | |
| Cash, cash equivalents and restricted cash at end of the period | |
| Cash and cash equivalents | |
| Restricted cash |
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