Fusemachines Inc.

For the period ended Mar 31, 2026. Filed May 15, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2026 · Filed May 15, 2026

FUSE$0.33-7.7%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Interim Statements of Stockholders’ Deficit

Fusemachines Inc. and Subsidiaries

Condensed Consolidated Interim Statements of Stockholders’ Deficit

Convertible preferred stock* · Common stock * · Additional paid-in capital · Treasury stock* · Share Subscription Receivable · Accumulated deficit · Accumulated other comprehensive Income · Total stockholders’ deficit
Shares · Amount · Shares · Amount · Amount · Shares · Amount · Amount · Amount · Amount · Amount
Balance at December 31, 2025	-	-	28,938,266	$3	31,311	-	$	-	$(11,005)	$(35,145)	260	(14,576)
Stock-based compensation	-	-	-	-	406	-		-	-	-	-	406
Net loss	-	-	-	-	-	-		-	-	(872)	-	(872)
Issuance of common stock upon cashless exercise of stock option	-	-	1,715	-	1	-		-	-	-	-	1
Shares withheld related to cashless exercise			(741)	-	(1)	-		-	-	-	-	(1)
Deemed dividend related to Shortfall Warrants modification (refer note 16)	-	-	-	-	84	-		-	-	(84)	-	-
Foreign currency translation	-	-	-	-	-	-		-	-	-	9	9
Balance at March 31, 2026 (unaudited)	-	-	28,939,240	3	31,801	-		-	(11,005)	(36,101)	269	(15,033)

Convertible preferred stock * · Common stock * · Additional paid-in capital · Treasury stock * · Share Subscription Receivable · Accumulated deficit · Accumulated other comprehensive Income · Total stockholders’ deficit
Shares · Amount · Shares · Amount · Amount · Shares · Amount · Amount · Amount · Amount · Amount
Balance at December 31, 2024	9,043,234	$7,865	11,039,388	$2	4,698	667,000	(2,903)	$	-	$(34,217)	250	$(24,305)
Retroactive application of recapitalization	(3,092,561)	-	(3,775,196)	(1)	1	(228,097)			-	-	-	0
Balance at December 31, 2024	5,950,673	7,865	7,264,192	1	4,699	438,903	(2,903)		-	(34,217)	250	(24,304)
Stock-based compensation	-	-	-	-	65	-	-		-	-	-	65
Net loss	-	-	-	-	-	-	-		-	(253)	-	(253)
Loss for extinguishment of convertible notes payable	-	-	-	-	391	-	-		-	-	-	391
Issuance of shares upon repayment of 2023 Promissory Notes	-	-	6,772	-	3	-	-		-	-	-	3
Balance at March 31, 2025 (unaudited)	5,950,673	7,865	7,270,964	1	5,158	438,903	(2,903)		-	(34,470)	250	(24,099)

*	The number of shares of convertible preferred stock, common stock and treasury stock issued and outstanding prior to the Merger have been retroactively adjusted by the Exchange Ratio to give effect to the reverse recapitalization treatment of the Merger.

In connection with the consummation of the business combination, the Company adopted a new capital structure and amended the par value of its common stock from $0.00001 per share to $0.0001 per share. Accordingly, the historical equity presentation has been adjusted to reflect the revised par value of the Company’s common stock. The change resulted in a reclassification of amounts within stockholders’ equity from additional paid-in capital to common stock to reflect the increased par value per share. This reclassification had no impact on total stockholders’ equity.

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