Total revenue for 2025 was $5.98 million, a 41% decrease from $10.2 million in 2024, reflecting a strategic shift away from low-margin product sales. Gross profit increased to $2.85 million in 2025 from $0.66 million in 2024, with gross margin expanding from 6% to 48%. Net loss for 2025 was $24.8 million, primarily due to a $25.5 million non-cash loss from the change in fair value of PIPE warrant liabilities. The company completed a business combination with AlphaVest Acquisition Corp. in December 2025, transitioning to a public entity. Cash and cash equivalents increased to $7.0 million as of December 31, 2025, compared to $0.4 million in the prior year, bolstered by PIPE financing. The company deconsolidated its former variable interest entities (VIEs) in December 2025.