Reported a net loss of $(6.6) million for the fourth quarter of 2025, with a diluted net loss per share of Class A common stock of $(0.17). Reported a net loss of $(14.1) million for the full year 2025, with a diluted loss per share of Class A common stock of $(0.39). Ended the year 2025 with $57.2 million of cash and cash equivalents and no debt. Net losses for both periods reflected ongoing general and administrative expenses. Included a non-cash, one-time impairment charge of $3.9 million related to the Permian Basin project. The Permian Basin project was suspended in February 2026. The company is focused on a revised strategy to deploy its technology. Management is continuing to evaluate strategic alternatives, including a potential sale or merger.