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Subsequent Events
6 Months Ended
Jun. 30, 2025
Subsequent Events  
Subsequent Events

16. Subsequent Events

KEB Hana Bank

In July 2025, the Company executed an amendment to extend the maturity date to July 2026 for the principal amount of KRW 8.0 billion ($5.9 million) with an annual interest rate of 4.0%.

Anapass, Inc., Related Party

In July 2025, the Company executed an amendment with Anapass, Inc. to extend the maturity date from July 2025 to July 2026 for the promissory note with a principal of KRW 6.0 billion ($4.5 million) entered into in July 2016.

In July 2025, the Company entered into a term loan agreement with Anapass, Inc. pursuant to which the Company borrowed KRW 3.0 billion ($2.2 million). The term loan has a maturity date in July 2026 and bears an annual interest rate of 6.5%.

In August 2025, the Company entered into a term loan agreement with Anapass, Inc. pursuant to which the Company borrowed KRW 2.0 billion ($1.5 million). The term loan has a maturity date in August 2026 and bears an annual interest rate of 6.5%.

Warrant Issuance Agreement

In August 2025, the Company entered into a warrant issuance agreement with an existing investor pursuant to which the Company issued a warrant to purchase up to 1,400,000 shares of the Company's common stock. The warrant is exercisable from the issuance date at an exercise price of $2.00 per share and expires in August 2030.