v3.25.2
Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock [Member]
Preferred Stock [Member]
Series C Preferred Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Accumulated Other Comprehensive (Loss) Income, net
Beginning Balance at Dec. 31, 2023 $ 185,989 $ 197,636   $ 252 $ 33,157 $ (45,056)
Beginning Balance, Shares at Dec. 31, 2023   19,198,379        
Net income (loss) (14,328)       (14,328)  
Other comprehensive income 573         573
Issuance of stock and warrants from Private Placements, net of issuance costs 152,474 $ 102,434 $ 137 49,903    
Issuance of stock and warrants from Private Placements, net of issuance costs, Shares   53,922,000 2,732      
Exercises of warrants to purchase common stock 0          
Restricted stock awards, net of forfeitures 906 $ 906        
Restricted stock awards, net of forfeitures, Shares   383,268        
Ending Balance at Jun. 30, 2024 325,614 $ 300,976 $ 137 50,155 18,829 (44,483)
Ending Balance, Shares at Jun. 30, 2024   73,503,647 2,732      
Beginning Balance at Mar. 31, 2024 180,906 $ 198,004   252 30,264 (47,614)
Beginning Balance, Shares at Mar. 31, 2024   19,584,040        
Net income (loss) (11,435)       (11,435)  
Other comprehensive income 3,131         3,131
Issuance of stock and warrants from Private Placements, net of issuance costs 152,474 $ 102,434 $ 137 49,903    
Issuance of stock and warrants from Private Placements, net of issuance costs, Shares   53,922,000 2,732      
Restricted stock awards, net of forfeitures 538 $ 538        
Restricted stock awards, net of forfeitures, Shares   (2,393)        
Ending Balance at Jun. 30, 2024 325,614 $ 300,976 $ 137 50,155 18,829 (44,483)
Ending Balance, Shares at Jun. 30, 2024   73,503,647 2,732      
Beginning Balance at Dec. 31, 2024 327,788 [1] $ 322,791   29,687 17,772 (42,462)
Beginning Balance, Shares at Dec. 31, 2024   84,972,610        
Net income (loss) 862       862  
Other comprehensive income 3,772         3,772
Exercises of warrants to purchase common stock 9,445 $ 9,445        
Exercises of warrants to purchase common stock, Shares   3,778,000        
Restricted stock awards, net of forfeitures 2,398 $ 2,398        
Restricted stock awards, net of forfeitures, Shares   3,423,920        
Ending Balance at Jun. 30, 2025 344,265 $ 334,634   29,687 18,634 (38,690)
Ending Balance, Shares at Jun. 30, 2025   92,174,530        
Beginning Balance at Mar. 31, 2025 338,289 $ 329,920   29,687 17,338 (38,656)
Beginning Balance, Shares at Mar. 31, 2025   87,777,849        
Net income (loss) 1,296       1,296  
Other comprehensive income (34)         (34)
Exercises of warrants to purchase common stock 2,540 $ 2,540        
Exercises of warrants to purchase common stock, Shares   1,016,000        
Restricted stock awards, net of forfeitures 2,174 $ 2,174        
Restricted stock awards, net of forfeitures, Shares   3,380,681        
Ending Balance at Jun. 30, 2025 $ 344,265 $ 334,634   $ 29,687 $ 18,634 $ (38,690)
Ending Balance, Shares at Jun. 30, 2025   92,174,530        
[1] Derived from audited December 31, 2024 Consolidated Financial Statements.