A. Financials

1. Bank balance summary report – all accounts

As of 16 June 2026, DeltaX tracks both corporate bank accounts and founder/personal accounts that were historically used for company-related transactions. These personal/founder accounts are disclosed for due diligence transparency and will be reconciled separately from purely personal transactions.

Using an FX rate assumption of VND 26,000/USD:

Founder/personal accounts are not treated as normal corporate accounts. They are shown here only because, historically, some customer receipts, founder advances, and company-related payments were processed through these accounts. DeltaX is separating company and personal transactions more strictly going forward and intends to use corporate bank accounts as the primary payment channels after investment.

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2. Loan summary report – including founder loan

DeltaX has the following founder / related-party loans and founder-supported obligations.

For the Mr. An loan, interest is calculated at 10% per year from January 2026. Accrued interest as of June 2026 is approximately VND 75 million. The original repayment date was December 2025, but the loan has been extended by mutual agreement, with written documentation available.

These related-party loans and founder advances are recognized as company obligations. They are important obligations for the company, but repayment will be handled based on company cashflow, working capital needs, customer delivery obligations, production scale-up requirements, and investor-approved budget. DeltaX does not intend to weaken operating cashflow by prioritizing immediate repayment ahead of production and customer delivery obligations.

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3. Three months of bank statements for all accounts

DeltaX provides bank statements and transaction history for the following accounts:

The company understands that some historical customer receipts and company expenses passed through founder/personal accounts. These accounts are provided for transparency and will be reconciled into company-related and personal transaction categories.

Going forward, DeltaX intends to process company revenue and operating expenses primarily through corporate bank accounts.

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4. Balance sheets 2024, 2026 – including detailed inventory and production equipment breakdown

DeltaX currently provides balance sheets for 2024 and 2025. The 2026 YTD management balance sheet is not yet available and will be provided as a follow-up document.

Balance sheet summary

Inventory and production asset details

DeltaX now has supporting schedules for inventory, tools/equipment, and fixed assets as of June 2026.

The inventory schedule currently provides item-level quantities by warehouse, but the detailed monetary valuation by category still needs to be reconciled with accounting.

Inventory breakdown

Production equipment breakdown

The 2026 YTD balance sheet and detailed inventory/equipment valuation are being prepared and will be provided as follow-up documents.

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5. Owner current account report – status of founder’s investment

The founder’s contribution to DeltaX consists of equity investment, founder/related-party loans, and founder-paid company expenses.

Equity capital

Founder / related-party loans and advances

The founder’s investment is therefore a combination of equity, related-party loans, and founder advances. DeltaX will prepare an owner current account reconciliation that separates:

1. Founder equity contribution.
2. Related-party loans.
3. Founder-paid company expenses.
4. Customer receipts received through founder/personal accounts.
5. Personal transactions that should not be treated as company transactions.

Repayment of related-party loans and founder advances will be handled based on company cashflow, working capital needs, production scale-up requirements, and investor-approved budget.

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6. Aged receivables report – breakdown by country and region

As of 31 December 2025, customer receivables were VND 2,092,706,399, with a provision for doubtful receivables of VND 610,010,567.

A detailed aged receivables schedule by customer, country, region, invoice date, and collection status is being prepared.

Aged receivables schedule

Customer-level receivables

DeltaX has a high proportion of international revenue, so the receivables report will include country and regional exposure.

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7. Full liability breakdown: taxes, suppliers, VAT, employee obligations

As of 31 December 2025, total liabilities were VND 1,552,413,257. The accounting balance sheet includes the following liability categories:

In addition to balance sheet liabilities, DeltaX also tracks related-party loans and founder advances separately:

A detailed liability breakdown file will be provided, including:

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8. Corporate credit cards – total outstanding balance

DeltaX currently has no corporate credit cards and no outstanding corporate credit card balance.

Some company-related online expenses were historically paid through founder/personal payment methods or PayPal. These transactions will be reconciled separately under the owner current account / founder advance reconciliation.

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9. Present a full cost model per robot: manufacturing, components, logistics – by product

For Phase 1, DeltaX will focus the cost model on Delta X Smart as the main scale-up product.

Delta X Smart cost model

Margin calculation

This cost model is a management estimate and will be refined as DeltaX formalizes procurement, production, QA/QC, warranty tracking, and volume purchasing.

Delta X 3 and Elbot are not included in the primary Phase 1 cost model. Delta X Smart is the main product line for production scale-up and investor planning.

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10. Are commercial invoices issued? What is the revenue recognition policy for international transactions?

DeltaX issues commercial invoices and/or pro forma invoices for international transactions, especially where required for shipment, customs clearance, and customer payment processing.

Revenue recognition policy:

1. Customer deposits and prepayments are not recognized as revenue immediately.
2. Customer deposits are treated as customer advances / liabilities until the product is shipped or the performance obligation is substantially completed.
3. Hardware revenue is recognized when the robot is shipped or delivered and control is transferred to the customer.
4. For international transactions, revenue is reconciled against commercial invoices, bank receipts, PayPal receipts, and shipping records.
5. Vision AI packages, support services, and custom integrations are recognized based on delivery of the related product/service milestone.
6. If a transaction includes hardware and service/customization components, DeltaX will separate the transaction into hardware revenue and service/customization revenue where practical.

Invoice samples and shipment documents will be provided as supporting evidence.

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11. What portion of revenue is recurring vs. one-time revenue?

DeltaX is primarily a hardware company at the current stage. Most revenue is generated from one-time robot and hardware package sales.

Recurring revenue is currently limited and estimated at approximately USD 20,000 per year. This mainly comes from support, service, software-related activities, or recurring customer support arrangements.

DeltaX does not currently have a large ARR/MRR base. However, after investment, the company plans to increase recurring revenue through:

1. Software and Vision AI upgrade packages.
2. Maintenance and support plans.
3. Remote support service packages.
4. Distributor/service partner support programs.
5. Training and application development services.

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12. What portion of revenue comes from hardware sales, Vision AI Package, service/support, custom integrations?

Management estimate of revenue mix:

A more detailed revenue split by product, customer, country, and year will be prepared as a follow-up schedule.

The 2025 and 2026 YTD category split above applies the current estimated revenue mix to shipment-based revenue estimates. Final accounting revenue may differ after invoice and bank receipt reconciliation.

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13. What are the typical payment terms with customers? Is there upfront payment? Escrow on large deals?

Most DeltaX customers pay upfront before shipment. For many standard robot orders, customers pay 100% before delivery. For some larger or more customized orders, customers may pay a deposit of approximately 50–70%, with the remaining balance paid before shipment or before final delivery.

Typical payment terms:

DeltaX usually avoids post-delivery credit terms because most customers are international and the company needs to manage component purchasing, production cashflow, and shipping risk.

Customer prepayments are treated as customer advances until the product is shipped or the relevant performance obligation is completed.

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14. What is the warranty policy and average warranty cost per robot?

DeltaX provides a standard 1-year warranty for its robots.

Warranty policy:

Average warranty cost:

The estimated warranty cost includes replacement parts, support time, troubleshooting, and occasional hardware replacement. DeltaX will improve formal warranty tracking after investment through serial-number tracking, defect classification, spare parts inventory, and QA/QC reporting.

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15. Revenue graph over 3 years – by product and by geographic region

The figures below are conservative management estimates based on shipment records. They are calculated using shipment dates and order values in the shipment tracker, excluding shipping fees and excluding support rows that may duplicate product shipments. These figures may be lower than accounting revenue because some deposits, service revenue, support revenue, custom integration work, or non-shipment-linked transactions may not be fully reflected in the shipment tracker.

Revenue by year

Revenue by product – 2025

Revenue by product – 2026 YTD

Revenue by region – 2025

Revenue by region – 2026 YTD

DeltaX will reconcile the shipment-based revenue estimate against commercial invoices, bank receipts, PayPal receipts, and accounting records before final submission.

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16. What is the current cash balance, monthly burn rate, and runway if no capital is raised? What is the bridge plan?

As of 16 June 2026, DeltaX estimates the following cash position:

Current monthly burn rate is still being finalized through transaction classification across MB, ACB, VCB, and PayPal statements.

Runway formula:

Bridge plan if no capital is raised immediately

DeltaX will implement a controlled bridge plan to preserve cash and maintain operations:

1. Focus production on standard, higher-margin robot packages.
2. Maintain build-to-order or semi-build-to-order production to avoid excessive finished-goods inventory.
3. Require customer upfront payment or deposit before production.
4. Collect outstanding receivables and follow up on overdue customer balances.
5. Delay non-critical CAPEX and non-essential hiring.
6. Prioritize spending on customer delivery obligations, key components, warranty support, and essential payroll.
7. Reduce custom engineering work unless prepaid by customers.
8. Negotiate supplier payment timing where possible.
9. Defer repayment of related-party loans or founder advances unless approved and supported by company cashflow.
10. Use bridge financing, customer deposits, or distributor pre-orders if needed.

DeltaX recognizes that the current runway is limited without new capital. The purpose of the $4M investment is not only to extend runway but also to industrialize Delta X Smart, improve working capital, complete CE readiness, and scale production capacity.