Fusemachines Inc.

For the period ended Jun 30, 2026. Filed Aug 7, 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.

Jun 30, 2026 · Filed Aug 7, 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

Unaudited Condensed Consolidated Interim Statements of Stockholder’ Deficit

Convertible preferred stock* · Common stock * · Treasury stock* · Accumulated
Three months ended June 30, 2026 · Shares · Amount · Shares · Amount · Additional paid-in capital Amount · Shares · Amount · Share Subscription Receivable Amount · Accumulated deficit Amount · other comprehensive Income Amount · Total stockholders’ deficit Amount
Balance at March 31, 2026	-	-	28,939,240	$3	31,801	-	$	-	$(11,005)	$(36,101)	269	(15,033)
Stock-based compensation	-	-	-	-	472	-		-	-	-	-	472
Net loss	-	-	-	-	-	-		-	-	(2,849)	-	(2,849)
Issuance of common stock upon exercise of stock option	-	-	26,321	-	18	-		-	-	-	-	18
Issuance of common stock upon cashless exercise of stock option	-	-	19,741	-	38	-		-	-	-	-	38
Foreign currency translation	-	-	-	-	-	-		-	-	-	-	-
Balance at June 30, 2026 (unaudited)	-	-	28,985,302	3	32,329	-		-	(11,005)	(38,950)	269	(17,354)

Convertible preferred stock* · Common stock * · Treasury stock* · Accumulated
Three months ended June 30, 2025	Shares	Amount	Shares	Amount	Additional paid-in capital Amount	Shares	Amount	Share Subscription Receivable Amount	Accumulated deficit Amount	other comprehensive Income Amount	Total stockholders’ deficit Amount
Balance at March 31, 2025	5,950,673	7,865	7,270,964	1	5,158	438,903	(2,903)	-	(34,470)	250	(24,099)
Stock-based compensation	-	-	-	-	53	-	-	-	-	-	53
Net loss	-	-	-	-		-	-	-	(3,786)		(3,786)
Balance at June 30, 2025 (unaudited)	5,950,673	7,865	7,270,964	1	5,211	438,903	(2,903)	-	(38,256)	250	(27,832)

Unaudited Condensed Consolidated Interim Statements of Stockholder’ Deficit

Convertible preferred stock* · Common stock * · Treasury stock* · Accumulated
Six months ended June 30, 2026	Shares	Amount	Shares	Amount	Additional paid-in capital Amount	Shares	Amount	Share Subscription Receivable Amount	Accumulated deficit Amount	other comprehensive Income Amount	Total stockholders’ deficit Amount
Balance at December 31, 2025	-	-	28,938,266	3	31,311	-	-	(11,005)	(35,145)	260	(14,576)
Stock-based compensation	-	-	-	-	878	-	-	-	-	-	878
Net loss	-	-	-	-	-	-	-	-	(3,721)	-	(3,721)
Issuance of common stock upon cashless exercise of stock option	-	-	21,456	-	39	-	-	-	-	-	39
Shares withheld related to cashless exercise	-	-	(741)	-	(1)	-	-	-	-	-	(1)
Deemed dividend related to Shortfall Warrants modification ( refer note 15 )	-	-	-	-	84	-	-	-	(84)	-	-
Issuance of common stock upon exercise of stock option	-	-	26,321	-	18	-	-	-	-	-	18
Foreign currency translation	-	-	-	-	-	-	-	-	-	9	9
Balance at June 30, 2026 (unaudited)	-	-	28,985,302	3	32,329	-	-	(11,005)	(38,950)	269	(17,354)

Convertible preferred stock* · Common stock * · Treasury stock* · Accumulated
Six months ended June 30, 2025	Shares	Amount	Shares	Amount	Additional paid-in capital Amount	Shares	Amount	Share Subscription Receivable Amount	Accumulated deficit Amount	other comprehensive Income Amount	Total stockholders’ deficit 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)	-	-	-	-	-
Balance at December 31, 2024	5,950,673	7,865	7,264,192	1	4,699	438,903	(2,903)	-	(34,217)	250	(24,305)
Stock-based compensation	-	-	-	-	118	-	-	-	-	-	118
Net loss	-	-	-	-	-	-	-	-	(4,039)	-	(4,039)
Loss for extinguishment of convertible notes payable	-	-	-	-	391	-	-	-	-	-	391
Issuance of shares upon repayment of 2023 Promissory Notes	-	-	6,772	-	3	-	-	-	-	-	3
Balance at June 30, 2025 (unaudited)	5,950,673	7,865	7,270,964	1	5,211	438,903	(2,903)	-	(38,256)	250	(27,832)

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’ deficit from additional paid-in capital to common stock to reflect the increased par value per share. This reclassification had no impact on total stockholders’ deficit.

ContentsView on SEC.gov

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