v3.26.1

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Current assets:
Cash	$ 642	$ 1,659
Prepaid expenses and other current assets	158	181
Total current assets	800	1,840
Other non-current assets	404	432
Total assets	1,204	2,272
Current liabilities:
Accounts payable	4,070	3,963
Accrued expenses and other current liabilities	1,547	1,764
Other liabilities	406	406
Convertible promissory notes, current ($300 to related parties)	3,227	3,133
Senior secured notes, current	1,311	1,273
Total liabilities	10,561	10,539
Stockholders’ deficit
Common Stock, $0.0001 par value; 600,000,000 shares authorized; 172,318,506 and 172,318,506 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively	17	17
Additional paid-in capital	110,449	110,211
Accumulated other comprehensive loss	(180)	(162)
Accumulated deficit	(119,643)	(118,333)
Total stockholders’ deficit	(9,357)	(8,267)
Total liabilities and stockholders’ deficit	1,204	2,272
Series A Convertible Preferred Stock [Member]
Stockholders’ deficit
Convertible preferred stock value
Series C Convertible Preferred Stock [Member]
Stockholders’ deficit
Convertible preferred stock value

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Zapata Quantum, Inc. 10-Q