Total revenue for 2025 was $0, compared to $1.34 million in 2024. Net loss for 2025 was $18.27 million, an improvement from the $29.19 million loss in 2024. Operating expenses decreased by 37% to $15.2 million. The company faces substantial doubt regarding its ability to continue as a going concern due to recurring losses and a working capital deficit of $70.5 million. The company is pursuing a merger with IX Acquisition Corp. (IXAQ) expected to close by September 30, 2026.