Debt (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands |
6 Months Ended | |||
---|---|---|---|---|
Nov. 22, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
Dec. 31, 2024 |
|
Short-Term Debt [Line Items] | ||||
Principal amount | $ 21,975 | $ 21,975 | ||
Gross proceeds | 360 | |||
2024 Convertible Notes [Member] | ||||
Short-Term Debt [Line Items] | ||||
Principal amount | $ 21,975 | 21,975 | 21,975 | |
Gross proceeds | 21,975 | |||
Net proceeds | $ 18,300 | |||
Subscription receivable | $ 400 | |||
Subscription received | $ 400 | |||
Interest rate, percentage | 12.00% | 12.00% | 12.00% | |
Debt term | 5 years | |||
Conversion price | $ 1.00 | $ 1.00 | $ 1.00 | |
Convertible notes description | the Company is subject to certain customary affirmative and negative covenants regarding the incurrence of indebtedness, the existence of liens, the repayment of indebtedness and the making of investments, the payment of cash in respect of dividends, distributions or redemptions, the transfer of assets, the maturity of other indebtedness, transactions with affiliates, and the consummation of fundamental transactions where the aggregate consideration payable in respect thereof, as determined on a per share of the Company’s common stock basis, has a fair market value that is less than $1.50, among other customary matters. Under the 2024 Convertible Notes, the Company is subject to a financial covenant requiring that the amount of its available cash equal or exceed $5.0 million at all times that at least 25% of the principal amount of 2024 Convertible Notes issued are outstanding |