Annual report [Section 13 and 15(d), not S-K Item 405]

Discontinued Operations (Tables)

v3.26.1
Discontinued Operations (Tables)
 12 Months Ended
Dec. 31, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Reconciliation of Discontinued Operations
The following table presents a reconciliation of discontinued operations for the year ended December 31, 2025 and 2024 (amount in thousands):
For the Years Ended
December 31, 2025 December 31, 2024
 Revenues, net $ —  $ 6,442 
 Cost of revenues —  7,364 
 Gross profit (loss) —  (922)
 Operating expenses:
 General and administration 102  2,569 
 Research and development —  — 
 Total operating expenses 102  2,569 
 Loss from operations (102) (3,491)
 Interest expense —  (378)
 Other income —  30 
 Loss from discontinued operations, net of tax $ (102) $ (3,839)
The assets and liabilities classified in discontinued operations as of December 31, 2025 and 2024 (amount in thousands):

December 31, 2025 December 31, 2024
Restricted cash $ —  $ 627 
Accounts receivable, net —  605 
Inventory, net —  1,487 
Prepaid expenses and other current assets —  3,424 
Total current assets in discontinued operations —  6,143 
Property, plant and equipment, net —  4,895 
Other assets —  544 
Total non-current assets in discontinued operations —  5,439 
Total assets in discontinued operations —  11,582 
Accounts payable $ —  $ 2,432 
Secured promissory note payable $ —  $ 1,000 
Finance lease liability —  2,356 
Other current liabilities —  79 
Total current liabilities in discontinued operations —  5,867 
Secured long-term debt, net of discount of $318
 —  2,924 
Total non-current liabilities in discontinued operations —  2,924 
Total liabilities in discontinued operations —  8,791