Income statement waterfall. Green diagonal stripes add to the running result, red diagonal stripes subtract from it, and a thin axis line marks the loss-zone boundary.
- Revenue: $450K. Running result $450K. Revenue: $450K.
- Cost of revenue: $0. Running result $450K.
- Gross profit: $450K. Running result $450K.
- Research and development (including related party amounts of $178 and $34 for the three months ended June 30, 2026 and 2025, respectively, and $238 and $41 for the six months ended June 30, 2026 and 2025, respectively): −$18.95M. Running result −$18.5M.
- General and administrative (including related party amounts of $0 for the three months ended June 30, 2026 and 2025, and $0 and $239 for the six months ended June 30, 2026 and 2025, respectively): −$3.31M. Running result −$21.8M.
- Operating income: −$21.8M. Running result −$21.8M.
- Other income: $1.12M. Running result −$20.69M.
- Pre-tax loss: −$20.69M. Running result −$20.69M.
- Income tax benefit: $0. Running result −$20.69M.
- Net loss: −$20.69M. Running result −$20.69M.
