Financial insights of DFNS

MyFinsight

For the quarter ending 2026-03-31.

Income Statement	2026-03-31	2025-12-31
Impairment loss	-	1,086*
Revenues	3,653	-
Cost of revenues	3,282	-
Gross profit	371	-
Research and development expenses	274	-
Selling and marketing expenses	157	-
General and administrative expenses	3,528	7,021*
General and administrative expenses of consolidated variable interest entities	223	44*
Total operating expenses	4,182	8,150
Loss from operations	-3,811	-8,150*
Interest expense	2,591	-
Interest income of consolidated variable interest entities	1,790	-70*
Loss on shares issued as commitment for eloc agreement	-	-312*
Loss on debt extinguishment	-	-1,871*
Penalties on late registration	-	275*
Change in fair value - convertible note embedded derivative	-	147*
Interest on related parties promissory note	354	39*
Change in fair value - stock purchase warrant liabilities	-	32,942*
Change in fair value - convertible note	5,392	-
Day one loss on private placement	-	3,359*
Change in fair value - stock purchase warrant liabilities	-26,635	-
Total other income (expense), net	-22,398	27,303*
Net income (loss) before income taxes	-26,209	19,153*
Income taxes	38	2*
Net income (loss) from continuing operations	-26,247	19,151*
Net loss from discontinued operations	-104	508*
Net income (loss)	-26,351	19,658*
Net income (loss) attributable to non-controlling interests	796	21*
Net income (loss) attributable to the companys stockholders	-27,147	19,637

Basic EPS	-1.01	2.348
Diluted EPS	-1.14	2.123
Basic Average Shares	28,158,248	8,364,332
Diluted Average Shares	30,874,436	9,249,992

Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.