Financial Statements — KSEZ
Balance Sheet
(in millions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 |
|---|
| Cash & Equivalents | 0.21 | 0.00 | 0.00 | 0.00 | 0.01 | 0.06 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 |
| Accounts Receivable | -- | 0.04 | 0.01 | 0.03 | 0.02 | 0.02 | 0.01 | -- | -- | -- | -- |
| Total Current Assets | 0.78 | 0.04 | 0.11 | 0.03 | 0.06 | 0.09 | 0.01 | 0.00 | 0.01 | 0.01 | 0.00 |
| Property, Plant & Equipment | 0.04 | 0.06 | 0.07 | 0.07 | 0.09 | 0.10 | 0.09 | -- | -- | -- | -- |
| Total Non-current Assets* | 7.93 | 0.11 | 0.13 | 0.14 | 0.09 | 0.10 | 0.09 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Assets | 8.71 | 0.15 | 0.23 | 0.17 | 0.15 | 0.19 | 0.11 | 0.00 | 0.01 | 0.01 | 0.00 |
| Accounts Payable | 0.09 | 0.37 | 0.34 | 0.22 | 0.10 | 0.02 | 0.02 | 0.00 | 0.01 | 0.01 | 0.00 |
| Short-term Debt | -- | -- | -- | -- | 0.15 | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 2.80 | 0.97 | 1.27 | 1.30 | 0.49 | 0.58 | 0.25 | 0.23 | 0.20 | 0.18 | 0.14 |
| Total Non-current Liabilities* | 7.55 | 0.04 | 0.04 | 0.05 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.00 | 0.00 |
| Total Liabilities* | 10.35 | 1.00 | 1.31 | 1.35 | 0.49 | 0.58 | 0.25 | 0.23 | 0.20 | 0.18 | 0.14 |
| Retained Earnings | (7.63) | (6.46) | (6.26) | (5.24) | (2.83) | (1.77) | (1.32) | (1.02) | (0.99) | (0.96) | (0.93) |
| Total Stockholder Equity | (1.64) | (0.85) | (1.08) | (1.18) | (0.34) | (0.39) | (0.14) | (0.22) | (0.19) | (0.16) | (0.13) |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 |
|---|
| Total Revenue | 0.03 | (0.09) | 0.09 | 0.00 | 0.07 | 0.07 | 0.06 | 0.06 | 0.01 | 0.00 | 0.00 | 0.00 | -- | 0.00 | 0.00 |
| Cost of Revenue | 0.00 | -0.00 | 0.00 | 0.01 | 0.06 | 0.05 | 0.05 | 0.05 | 0.01 | 0.00 | 0.00 | 0.00 | -- | 0.00 | 0.00 |
| Gross Profit | 0.55 | 0.26 | 0.09 | (0.01) | 0.01 | 0.02 | 0.01 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | -- | 0.00 | 0.00 |
| Selling, General & Admin | 0.21 | 0.03 | 0.35 | 0.09 | 0.08 | 0.03 | 0.13 | 0.25 | 0.09 | 0.08 | 0.02 | 0.02 | 0.00 | 0.01 | 0.05 |
| Total Operating Expenses | 0.36 | 0.13 | 0.25 | 0.97 | 0.20 | 2.11 | 1.06 | 0.46 | 0.20 | 0.08 | 0.02 | 0.02 | 0.00 | 0.01 | 0.05 |
| Operating Income | 0.18 | 0.13 | (0.16) | (0.98) | (0.19) | (2.09) | (1.04) | (0.44) | (0.19) | (0.08) | (0.02) | (0.02) | -0.00 | (0.01) | (0.05) |
| Interest Expense | 0.05 | -- | -- | -- | -- | -- | -- | 0.01 | 0.00 | 0.02 | 0.01 | 0.01 | 0.00 | 0.01 | 0.00 |
| Net Income | (1.38) | 0.21 | (0.21) | (1.02) | (0.22) | (2.19) | (1.05) | (0.46) | (0.20) | (0.09) | (0.03) | (0.03) | (0.01) | (0.02) | (0.06) |
| Basic EPS | (0.03) | (0.01) | (0.01) | (0.02) | (0.01) | (0.09) | (0.06) | (0.02) | (0.01) | (0.01) | (0.01) | (0.01) | 0.00 | 0.00 | 0.00 |
| Diluted EPS | (0.03) | (0.01) | (0.01) | (0.02) | (0.01) | (0.09) | (0.06) | (0.02) | (0.01) | (0.01) | (0.01) | (0.01) | 0.00 | 0.00 | 0.00 |
Cash Flow Statement
(in thousands USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 |
|---|
| Operating Cash Flow | (254.06) | (215.80) | (149.02) | (98.69) | (90.42) | (218.19) | (413.44) | (257.81) | (182.70) | (81.28) | (26.18) | (22.24) | (4.02) | (2.22) | (61.06) |
| Capital Expenditures | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | (1.67) | 18.33 | 83.52 | -- | -- | -- | -- | -- | -- |
| Free Cash Flow* | (254.06) | (215.80) | (149.02) | (98.69) | (90.42) | (218.19) | (411.76) | (276.14) | (266.22) | -- | -- | -- | -- | -- | -- |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.67 | (18.33) | (83.52) | -- | -- | -- | -- | -- | -- |
| Financing Cash Flow | 451.96 | 223.57 | 149.02 | 98.69 | 85.48 | 209.17 | 365.50 | 334.67 | 250.00 | 108.60 | 25.00 | 14.00 | 16.00 | 0.00 | 60.00 |
* Derived from reported values
