XML 78 R40.htm IDEA: XBRL DOCUMENT v3.26.1
Segment Reporting (Tables)
3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information
The following table presents revenues, expenditures and loss from operations data of the Company and its reportable segments for the three months ended March 31, 2026, and 2025. In 2025, the Company operated as a single segment (AIEV).

Three Months Ended March 31, 2026Three Months Ended March 31, 2025
(in thousands)AIEV
Robotics (1)
AIXCConsolidatedConsolidated
Revenue$224 $288 $— $512 $316 
Cost of revenues11,746 144 — 11,890 21,381 
Gross (loss) profit(11,522)144 — (11,378)(21,065)
Operating expenses
Research and development6,986 — 6,990 6,419 
Settlement on accrued research and development expenses— — — — — 
Sales and marketing4,978 — 638 5,616 2,629 
General and administrative5,647 — 3,548 9,195 13,674 
Loss on disposal of property, plant, and equipment328 — — 328 44 
Asset impairment on long-lived assets— — — — — 
Impairment of intangible assets, including goodwill2,072 — 183 2,255 — 
Credit loss expense - short-term note receivable— — 143 143 — 
Total operating expenses20,011 — 4,516 24,527 22,766 
(Loss) income from operations$(31,533)$144 $(4,516)$(35,905)$(43,831)
(1) The Robotics segment is evaluated by the CODM using gross profit as an additional performance measure. General and Administrative, Research and Development, and Sales and Marketing expenses are not allocated to the Robotics segment, as these costs are managed on a consolidated basis and are primarily reflected within the AIEV segment.
Additional segment disclosures are as follows:
Three Months Ended March 31, 2026Three Months Ended March 31, 2025
(in thousands)AIEVRoboticsAIXCConsolidatedConsolidated
Depreciation and amortization$8,081 $— $— $8,081 $17,527 
Interest expense$(2,478)$— $— $(2,478)$(2,302)
Net loss on digital assets
$— $— $(1,946)$(1,946)$— 
As of
March 31, 2026
As of
December 31, 2025
(in thousands)AIEVRoboticsAIXCConsolidatedConsolidated
Net assets$(2,774)$144 $21,871 $19,241 $7,759