v3.25.2
Condensed Consolidated Statements of Changes in Stockholders’ Deficit (Unaudited) - USD ($)
$ in Thousands
Preferred Stock
Series A
Common Stock
Class A
Additional Paid-in Capital
Accumulated Deficit
Accumulated Other Comprehensive Loss
Total
Balance at Dec. 31, 2023 $ 2 $ 255,596 $ (257,256) $ (118) $ (1,776)
Balance (in Shares) at Dec. 31, 2023 4,500,000 18,599,982        
Dividends on the Series A Preferred Stock (1,365) (1,365)
Sale of Common Stock through forward purchase agreement 1,683 1,683
Stock-based compensation 123 123
Issuance of warrants associated with Term Loans 179 179
Foreign currency translation adjustment (1) (1)
Net loss (6,270) (6,270)
Balance at Mar. 31, 2024 $ 2 257,581 (264,891) (119) (7,427)
Balance (in Shares) at Mar. 31, 2024 4,500,000 18,599,982        
Balance at Dec. 31, 2023 $ 2 255,596 (257,256) (118) (1,776)
Balance (in Shares) at Dec. 31, 2023 4,500,000 18,599,982        
Dividends on the Series A Preferred Stock           (2,730)
Foreign currency translation adjustment           (2)
Net loss           (10,217)
Balance at Jun. 30, 2024 $ 2 257,920 (270,203) (120) (12,401)
Balance (in Shares) at Jun. 30, 2024 4,500,000 18,599,982        
Balance at Mar. 31, 2024 $ 2 257,581 (264,891) (119) (7,427)
Balance (in Shares) at Mar. 31, 2024 4,500,000 18,599,982        
Dividends on the Series A Preferred Stock (1,365) (1,365)
Stock-based compensation 142 142
Issuance of warrants associated with Term Loans 197 197
Foreign currency translation adjustment (1) (1)
Net loss (3,947) (3,947)
Balance at Jun. 30, 2024 $ 2 257,920 (270,203) (120) (12,401)
Balance (in Shares) at Jun. 30, 2024 4,500,000 18,599,982        
Balance at Dec. 31, 2024 $ 2 266,013 (284,734) (123) (18,842)
Balance (in Shares) at Dec. 31, 2024 4,126,667 21,326,609        
Dividends on the Series A Preferred Stock (1,238) (1,238)
Stock-based compensation 160 160
Issuance of warrants associated with Term Loans 688 688
Foreign currency translation adjustment 6 6
Net loss (4,998) (4,998)
Balance at Mar. 31, 2025 $ 2 266,861 (290,970) (117) (24,224)
Balance (in Shares) at Mar. 31, 2025 4,126,667 21,326,609        
Balance at Dec. 31, 2024 $ 2 266,013 (284,734) (123) (18,842)
Balance (in Shares) at Dec. 31, 2024 4,126,667 21,326,609        
Dividends on the Series A Preferred Stock           (2,490)
Proceeds from sale of Common Stock from at-the-market (“ATM”) offering           $ 204
Proceeds from sale of Common Stock from at-the-market (“ATM”) offering (in Shares)           134,771
Foreign currency translation adjustment           $ 4
Net loss           (10,688)
Balance at Jun. 30, 2025 $ 2 268,170 (297,912) (119) (29,859)
Balance (in Shares) at Jun. 30, 2025 4,126,667 21,520,932        
Balance at Mar. 31, 2025 $ 2 266,861 (290,970) (117) (24,224)
Balance (in Shares) at Mar. 31, 2025 4,126,667 21,326,609        
Dividends on the Series A Preferred Stock (1,252) (1,252)
Proceeds from sale of Common Stock from at-the-market (“ATM”) offering 204 $ 204
Proceeds from sale of Common Stock from at-the-market (“ATM”) offering (in Shares)   134,771       134,771
Issuance of Common Stock under employee stock purchase plan 77 $ 77
Issuance of Common Stock under employee stock purchase plan (in Shares)   59,552        
Stock-based compensation 146 146
Issuance of warrants associated with Term Loans 882 882
Foreign currency translation adjustment (2) (2)
Net loss (5,690) (5,690)
Balance at Jun. 30, 2025 $ 2 $ 268,170 $ (297,912) $ (119) $ (29,859)
Balance (in Shares) at Jun. 30, 2025 4,126,667 21,520,932