Correction of 1Q26 Financial Statements and Deteriorating Performance

XBRL error correction: minor adjustments in balance sheet, statement of changes in equity, and cash flow statement (1~2 won units)
1Q26 revenue: KRW 10.12 billion (similar to prior year), operating loss widened to KRW 3.58 billion (vs KRW 1.15 billion loss in prior year)
Net loss of KRW 13.78 billion (vs KRW 4.27 billion loss in prior year), basic EPS loss of KRW 1,078
Total equity decreased 55% to KRW 11.31 billion from KRW 25.09 billion at end-2025
Debt ratio surged to 730.68% (from 260.21%), net debt ratio 236.64%
Increased debt due to convertible bonds (KRW 5.09 billion) and bonds with warrants (KRW 2.69 billion)
Derivative liabilities skyrocketed to KRW 14.86 billion (from KRW 1.53 billion)
Operating cash flow -KRW 0.64 billion, investing -KRW 0.85 billion, financing +KRW 4.03 billion (from CB issuance)
Cash and cash equivalents increased to KRW 2.88 billion (from KRW 0.34 billion)