INV — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-13

• Revenue was $1.0 million and $0.5 million for the three months ended June 30, 2026 and 2025, respectively, an increase of $0.5 million or 100.2%. The increase was driven by an increase of product sales and service revenue in the Technology segment.

• Cost of sales was $5.1 million and $2.9 million for the three months ended June 30, 2026 and 2025, respectively, an increase of $2.2 million or 77.3%. The increase related to an increase in revenue in the Technology segment resulting in an increase in costs related to supplies and materials, amortiz…

• General and administrative expense was $14.5 million and $18.6 million for the three months ended June 30, 2026 and 2025, respectively, a decrease of $4.1 million, or 21.9%. The decrease was due to a decrease in stock-based compensation costs and a decrease in professional and legal fees.

• Goodwill impairment expense was $113.3 million for the three months ended June 30, 2025. The prior-year charge was due to sustained decreases in the Company’s publicly quoted share price and market capitalization, which were sensitive to the general downward volatility experienced in the stock marke…

• Sales and marketing expense was $3.1 million and $2.2 million for the three months ended June 30, 2026 and 2025, respectively, an increase of $0.9 million, or 39.9%. The increase was due to increased marketing-related events and expenses primarily associated with the commercialization of the Technol…

Text removed vs the prior filing · source: 10-Q · 2026-05-14

• three months ended March 31, 2026three months ended March 31, 2025Change

• Change in fair value of financial liabilities63 16,429 (16,366)*

• Loss on extinguishment of debt was $1.0 million for the three months ended March 31, 2026. This is due to a loss incurred as a result of the repayment of the Convertible Debentures. There was no loss on extinguishment of debt for three months ended March 31, 2025.

• (5) Loss on extinguishment of debt - For the three months ended March 31, 2026 the Company repaid the Convertible Debentures, which resulted in an aggregate of $1.0 million loss on extinguishment of debt. There was no loss on extinguishment of debt for three months ended March 31, 2025. (6) Loss on …

• As discussed in more detail below, management has concluded that there is substantial doubt about our ability to continue as a going concern within one year after the date that these condensed consolidated financial statements included in Item 1. of this Form 10-Q were issued. The condensed consolid…

Text added vs the prior filing · source: 10-Q · 2026-08-13

• At this time, Accelsius is party to a purchase order with DarkNX whereby Accelsius is to provide cooling equipment and services concerning six, ten-megawatt deployments. Accelsius has recently been informed that the deployment site identified in the DarkNX purchase order is no longer available. Acce…

• During the fiscal quarter ended June 30, 2026, none of our directors or officers (as defined in Rule 16a-1(f) under the Exchange Act) adopted, modified or terminated a Rule 10b5-1 trading arrangement or a “non-Rule 10b5-1 trading arrangement” (as defined in Item 408 of Regulation S-K).

Text removed vs the prior filing · source: 10-Q · 2026-05-14

• During the fiscal quarter ended March 31, 2026, none of our directors or officers (as defined in Rule 16a-1(f) under the Exchange Act) adopted, modified or terminated a Rule 10b5-1 trading arrangement or a “non-Rule 10b5-1 trading arrangement” (as defined in Item 408 of Regulation S-K).