Fusemachines Inc.
For the period ended Sep 30, 2026. Filed Nov 3, 2026.
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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.
Sep 30, 2026 · Filed Nov 3, 2026
FUSE$0.33-7.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Interim Statements of Stockholders’ Deficit
Condensed Consolidated Interim Statements of Stockholder’ Deficit
| Convertible preferred stock* · Common stock * · Treasury stock* · Accumulated | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Three months ended September 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 June 30, 2026 | - | - | 28,985,302 | 3 | 32,329 | - | - | (11,005) | (38,950) | 269 | (17,354) |
| Stock-based compensation | - | - | - | - | 431 | - | - | - | - | - | 431 |
| Net loss | - | - | - | - | - | - | - | - | (4,623) | - | (4,623) |
| Issuance of common stock upon exercise of Restricted stock units option | - | - | 19,572 | - | - | - | - | - | - | - | - |
| Settlement proceeds on account of partial early termination of forward contract (Refer note 15) | - | - | - | - | - | - | - | 679 | - | - | 679 |
| Adjustment of share subscription receivable on account of partial early termination of forward contract (Refer note 15) | - | - | - | - | - | - | - | 9,588 | - | - | 9,588 |
| Issuance of common stock as consideration payable to customer (Refer note 4) | - | - | 750,000 | 1 | 578 | - | - | - | - | - | 579 |
| Warrants issued in connection with new Convertible Notes (Refer note 6) | - | - | - | - | 231 | - | - | - | - | - | 231 |
| Shortfall warrant amendment (Refer note 16) | - | - | - | - | 494 | - | - | - | - | - | 494 |
| Issuance of common stock to settle outstanding severance pay of employees (Refer note 9) | - | - | 530,902 | - | 460 | - | - | - | - | - | 460 |
| Issuance of common stock to settle outstanding invoices of vendor (Refer note 18) | - | - | 2,138,935 | - | 1,298 | - | - | - | - | - | 1,298 |
| Foreign currency translation | - | - | - | - | - | - | - | - | - | 2 | 2 |
| Balance at September 30, 2026 (unaudited) | - | - | 32,424,711 | 4 | 35,821 | - | - | (738) | (43,573) | 271 | (8,215) |
| Convertible preferred stock * · Common stock * · Treasury stock * · Accumulated | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Three months ended September 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 June 30, 2025 | 5,950,673 | 7,865 | 7,270,964 | 1 | 5,211 | 438,903 | (2,903) | - | (38,256) | 250 | (27,832) |
| Stock-based compensation | - | - | - | - | 58 | - | - | - | - | - | 58 |
| Net loss | - | - | - | - | - | - | - | (1,174) | (1,174) | ||
| Issuance of common stock upon cashless exercise | - | - | 745,896 | - | - | - | - | - | - | - | - |
| Shares withheld related to cashless exercise | - | - | (79,234) | - | - | - | - | - | - | - | - |
| Foreign currency translation | - | - | - | - | - | - | - | - | - | 8 | 8 |
| Balance at September 30, 2025 (unaudited) | 5,950,673 | 7,865 | 7,937,626 | 1 | 5,269 | 438,903 | (2,903) | - | (39,430) | 258 | (28,940) |
Condensed Consolidated Interim Statements of Stockholder’ Deficit
| Convertible preferred stock* · Common stock * · Treasury stock* · Accumulated | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nine months ended September 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 | - | - | - | - | 1,309 | - | - | - | - | - | 1,309 |
| Net loss | - | - | - | - | - | - | - | - | (8,344) | - | (8,344) |
| Issuance of common stock upon cashless exercise of stock option | - | - | 21,456 | - | 39 | - | - | - | - | - | 39 |
| Issuance of common stock upon exercise of stock option | - | 26,321 | - | 18 | - | - | - | - | - | 18 | |
| Shares withheld related to cashless exercise | - | - | (741) | - | (1) | - | - | - | - | - | (1) |
| Issuance of common stock upon cashless exercise of Restricted stock unit’s option | - | - | 19,572 | - | - | - | - | - | - | - | - |
| Settlement proceeds on account of partial early termination of forward contract (Refer note 15) | - | - | - | - | - | - | - | 679 | - | - | 679 |
| Adjustment of share subscription receivable on account of partial early termination of forward contract (Refer note 15) | - | - | - | - | - | - | - | 9,588 | - | - | 9,588 |
| Issuance of common stock as consideration payable to customer (Refer note 4) | - | - | 750,000 | 1 | 578 | - | - | - | - | - | 579 |
| Warrants issued in connection with new Convertible Notes (Refer note 6) | - | - | - | - | 231 | - | - | - | - | - | 231 |
| Shortfall warrant amendment (Refer note 16) | - | - | - | - | 494 | - | - | - | - | - | 494 |
| Issuance of common stock to settle outstanding severance pay of employees (Refer note 9) | - | - | 530,902 | - | 460 | - | - | - | - | - | 460 |
| Issuance of common stock to settle outstanding invoices of vendor (Refer note 18) | - | - | 2,138,935 | - | 1,298 | - | - | - | - | - | 1,298 |
| Deemed dividend related to Shortfall Warrants modification (Refer note 16) | - | - | - | - | 84 | - | - | - | (84) | - | - |
| Foreign currency translation | - | - | - | - | - | - | - | - | - | 11 | 11 |
| Balance at September 30, 2026 (unaudited) | - | - | 32,424,711 | 4 | 35,821 | - | - | (738) | (43,573) | 271 | (8,215) |
| Convertible preferred stock* · Common stock * · Treasury stock* · Accumulated | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nine months ended September 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 (Audited) | 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 (Audited) | 5,950,673 | 7,865 | 7,264,192 | 1 | 4,699 | 438,903 | (2,903) | - | (34,217) | 250 | (24,305) |
| Stock-based compensation | - | - | - | - | 176 | - | - | - | - | - | 176 |
| Net loss | - | - | - | - | - | - | - | - | (5,213) | - | (5,213) |
| Issuance of common stock upon cashless exercise | - | - | 745,896 | - | 707 | - | - | - | - | - | 707 |
| Shares withheld related to cashless exercise | - | - | (79,234) | - | (707) | - | - | - | - | - | (707) |
| Loss for extinguishment of convertible notes payable | - | - | - | - | 391 | - | - | - | - | - | 391 |
| Issuance of shares upon repayment of 2023 Promissory Notes | - | - | 6,772 | - | 3 | - | - | - | - | - | 3 |
| Foreign currency translation | 8 | 8 | |||||||||
| Balance at September 30, 2025 (unaudited) | 5,950,673 | 7,865 | 7,937,626 | 1 | 5,269 | 438,903 | (2,903) | - | (39,430) | 258 | (28,940) |
| * | 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’ deficit. |
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