XML 31 R24.htm IDEA: XBRL DOCUMENT v3.25.2

Basis of Presentation and Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2025

Accounting Policies [Abstract]

Schedule of Net Liabilities Acquired

The net liabilities of Armada are recorded at their acquisition-date fair value in the condensed interim combined consolidated financial statements as follows:

Cash and cash equivalents	$		3,361
Prepaid expenses			169,425
Accounts payable and accrued expenses			(4,873,019	)
Debt (promissory notes)			(3,144,883	)
Other current liabilities			(1,499,936	)
Net liabilities acquired	$		(9,345,052	)
Accumulated Deficit	$		(9,345,052	)

These condensed interim

Summary of List of Subsidiaries

A list of subsidiaries and Rezolve AI plc’s holding as of June 30, 2025 is as follows:

Name of the entity		Date of incorporation or acquisition (*)		Country of incorporation		Group shareholding (%)
Rezolve Taiwan Inc.		November 9, 2000		Taiwan		100%
Rezolve Technology (India) Private Limited		March 19, 2021		India		100%
Rezolve Mobile Commerce Inc.		April 20, 2016		United States of America		100%
Rezolve Technology S.L.		August 25, 2020		Spain		100%
Rezolve AI IP Holdings Limited		December 19, 2024		United Kingdom		100%
Rezolve Ai Finance LLC		February 12, 2025		United States of America		100%
Rezolve Ai Finance Holdings LLC		February 12, 2025		United States of America		100%
Armada Acquisition Corp. I		August 15, 2024		United States of America		100%
GroupBy Inc.		March 25, 2025	*	Canada		100%
GroupBy International Ltd		March 25, 2025	*	Canada		100%
GroupBy USA Inc.		March 25, 2025	*	United States of America		100%
GroupBy UK Ltd		March 25, 2025	*	United Kingdom		100%
Bluedot Industries Pty. Ltd		March 17, 2025	*	Australia		100%
Bluedot Industries, Inc.		March 17, 2025	*	United States of America		100%
Bluedot Innovation Pty. Ltd		February 20, 2025	*	Australia		100%
Prediqt Business Solutions Private Limited		June 2, 2025	*	India		100%
Mpower Plus Global Limited		May 31, 2025	*	United Kingdom		100%
Mpower Plus Poland SP Z o.o		May 31, 2025	*	Poland		100%
Mpower Plus France SARL		May 31, 2025	*	France		100%
Mpower Plus B.V.		May 31, 2025	*	Netherlands		100%
Mpower PLUS Global PTE. Ltd.		May 31, 2025	*	Singapore		100%
Mpower Plus Hungary KFT		May 31, 2025	*	Hungary		100%
MPower Plus BVBA		May 31, 2025	*	Belgium		100%
MPower Plus Deutschland GmbH		May 31, 2025	*	Germany		100%
MPower Plus Global Malaysia SDN BHD		May 31, 2025	*	Malaysia		100%
MP PLUS RM S.R.L		May 31, 2025	*	Romania		100%

Summary of Revenue By Region

The Company's revenue by region is as follows:

		Six months ended June 30, 2025				Six months ended June 30, 2024
North America, South America and Canada			5,612,576				683,902
United Kingdom and Europe			340,054				53,399
Asia Pacific			364,320				464,713
Total Revenue			6,316,950				1,202,014

Summary of Initial Useful Life of Assets

The initial useful lives of computer software assets as estimated by management are summarized as follows:

Assets		Useful life
Software		5 years

Assets		Useful life
Technology intellectual property		10 years

Assets		Useful life
Customer contracts and related relationships		4 years

Assets		Useful life
Recruitment database		3 years

Summary of Fair Value Measurements at Reporting Date

Fair value measurements at reporting date:

Description		Level 1				Level 2			Level 3
June 30, 2025
Fair value on recurring basis
(1) Share-based payment liability	$		1,400,000		$	—			$	—
(2) Derivative liability	$	—			$		1,513,430		$	—
(3) Other receivable	$		5,710,714		$		—		$	—
December 31, 2024
Fair value on recurring basis
(1) Share-based payment liability	$		1,400,000		$	—			$	—
(2) Derivative liability	$	—			$		2,579,875		$	—
(2) Derivative asset	$	—			$		2,587,581		$	—

(1)See note 8.6.

The derivative asset and the derivative liability were valued by a third-party valuation expert using a Geometric Brownian Motion based Monte Carlo simulation to project the underlying metric value to ultimately determine the fair value upon the date of issuance. This model incorporates the most recent data available including risk-free interest rate, expected life of options,

Summary of Customers Representing More Than 10% of Accounts Receivable

At June 30, 2025 and December 31, 2024, the following customers represented more than 10% of total accounts receivable.

		June 30, 2025				December 31, 2024
Wondr Gaming (1)			32		%		—		%
Coles Supermarkets Australia Pty Ltd (2)		18			%		—		%
La Liga		Less than 10%				100			%

(1) A full expected credit loss allowance has been recorded against the outstanding balance of this accounts receivable. See note 2.14. and Note 13.

(2) The outstanding balance was settled in full in July 2025.

Summary of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table presents the potential shares of ordinary shares outstanding that were excluded from the computation of diluted net loss per share of ordinary shares as of the periods presented because including them would have been antidilutive:

		June 30, 2025				June 30, 2024
Convertible debt (note 8)			54,172				884,791
Shares payable (note 8)			498,221				22,838
Warrants			13,019,976				574,526
Share options			7,522,654				848,287
Convertible promissory notes			222,153				—
Series A preferred shares			—				4,574,146
Advisors Loans (note 8)			1,606,039				—
Total			22,923,214				6,904,589

X

- Definition

Disclosure in tabular form of useful lives of assets.

+ References

No definition available.

+ Details

Name:	rzlv_DisclosureInTabularFormOfUsefulLivesOfAssetsTableTextBlock
Namespace Prefix:	rzlv_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_AccountingPoliciesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

+ Details

Name:	us-gaap_EquityMethodInvestmentsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

+ Details

Name:	us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

+ Details

Name:	us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

+ Details

Name:	us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of business combination. Includes, but is not limited to, recognized asset and liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-8

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479303/805-10-55-41

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479907/805-20-50-2

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 805
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479581/805-30-50-2

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 805
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479581/805-30-50-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479907/805-20-50-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-3

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-2

+ Details

Name:	us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the nature of a concentration, a benchmark to which it is compared, and the percentage that the risk is to the benchmark.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-18

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 20
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-20

+ Details

Name:	us-gaap_SchedulesOfConcentrationOfRiskByRiskFactorTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration