CERO Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	0.86	1.59	3.25	1.52	0.48	1.1
Cash & Short-Term Investments	0.86	1.59	3.25	1.52	0.48	1.1
Cash Growth	-83.52%	-51.19%	113.76%	219.73%	-56.68%	-
Prepaid Expenses	0.72	1.07	0.27	0.37	0.23	0.26
Restricted Cash	-	0.07	0.07	0.08	41.67	-
Other Current Assets	-	-	0.11	-	-	-
Total Current Assets	1.57	2.73	3.71	1.97	42.37	1.36
Property, Plant & Equipment	0.63	0.91	1.99	3.16	-	-
Long-Term Deferred Tax Assets	-	-	-	-	-	0.02
Long-Term Deferred Charges	-	-	0.5	-	-	-
Other Long-Term Assets	-	-	-	-	-	178.7
Total Assets	2.21	3.64	6.21	5.13	42.37	180.08
Accounts Payable	7.69	7.58	4.51	1.67	1.65	0.01
Accrued Expenses	0.7	0.7	1.91	0.14	0	0.08
Short-Term Debt	-	-	-	0.6	0.65	-
Current Portion of Leases	0.46	0.7	0.88	0.77	-	-
Current Income Taxes Payable	-	-	-	-	0.6	-
Other Current Liabilities	2.48	0.11	0.11	0.32	27.84	-
Total Current Liabilities	11.33	9.09	7.4	3.51	30.75	0.1
Long-Term Leases	-	-	0.7	1.58	-	-
Other Long-Term Liabilities	-	-	-	-	22.62	187.65
Total Liabilities	11.46	9.09	8.1	5.08	53.37	187.75
Common Stock	0	0	0	0	0	0
Additional Paid-In Capital	80.29	78.13	67.14	1.03	-	-
Retained Earnings	-96.72	-90.84	-70.92	-43.09	-11	-7.67
Comprehensive Income & Other	-0.04	-	-1.3	-	-	-
Total Common Equity	-16.48	-12.71	-5.07	-42.06	-11	-7.67
Shareholders' Equity	-9.26	-5.45	-1.89	0.04	-11	-7.67
Total Liabilities & Equity	2.21	3.64	6.21	5.13	42.37	180.08
Total Debt	0.6	0.7	1.58	2.94	0.65	-
Net Cash (Debt)	0.26	0.89	1.68	-1.42	-0.17	1.1
Net Cash Growth	-93.25%	-47.01%	-	-	-	-
Net Cash Per Share	0.02	0.21	65.72	-	-15.48	-
Filing Date Shares Outstanding	45.11	36.79	0.27	-	-	0.01
Total Common Shares Outstanding	36.01	21.1	0.12	-	-	0.01
Working Capital	-9.75	-6.35	-3.69	-1.54	11.62	1.26
Book Value Per Share	-0.46	-0.60	-41.98	-	-	-667.47
Tangible Book Value	-16.48	-12.71	-5.07	-42.06	-11	-7.67
Tangible Book Value Per Share	-0.46	-0.60	-41.98	-	-	-667.47
Machinery	-	2.55	2.55	2.55	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.