v3.25.2
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT (unaudited) - USD ($)
$ in Thousands
Total
Redeemable convertible preferred stock
Common Stock [Member]
Additional Paid-in Capital
Accumulated Deficit
Balance at Dec. 31, 2023 $ (131,185)   $ 54 $ 306,167 $ (437,406)
Balance (in shares) at Dec. 31, 2023     54,392,170    
Share-based compensation expense 875     875  
Net Income (Loss) (4,381)       (4,381)
Balance at Mar. 31, 2024 (134,691)   $ 54 307,042 (441,787)
Balance (in shares) at Mar. 31, 2024     54,392,170    
Balance at Dec. 31, 2023 (131,185)   $ 54 306,167 (437,406)
Balance (in shares) at Dec. 31, 2023     54,392,170    
Accretion of redeemable convertible preferred stock to redemption value 0        
Net Income (Loss) (8,445)        
Balance at Jun. 30, 2024 (138,032)   $ 54 307,765 (445,851)
Balance (in shares) at Jun. 30, 2024     54,392,170    
Balance at Dec. 31, 2023 (131,185)   $ 54 306,167 (437,406)
Balance (in shares) at Dec. 31, 2023     54,392,170    
Balance at Dec. 31, 2024 $ (148,041) $ 4,372 $ 75 308,247 (456,363)
Balance (in shares) at Dec. 31, 2024 75,462,390 119,318 75,462,390    
Balance at Mar. 31, 2024 $ (134,691)   $ 54 307,042 (441,787)
Balance (in shares) at Mar. 31, 2024     54,392,170    
Share-based compensation expense 723     723  
Net Income (Loss) (4,064)       (4,064)
Balance at Jun. 30, 2024 (138,032)   $ 54 307,765 (445,851)
Balance (in shares) at Jun. 30, 2024     54,392,170    
Balance at Dec. 31, 2024 $ (148,041) $ 4,372 $ 75 308,247 (456,363)
Balance (in shares) at Dec. 31, 2024 75,462,390 119,318 75,462,390    
Share-based compensation expense $ 137     137  
Accretion of redeemable convertible preferred stock to redemption value 1,508 $ (1,508)   1,508  
Reclassification of pre-funded stock warrants 761     761  
Net Income (Loss) (1,592)       (1,592)
Balance at Mar. 31, 2025 (147,227) $ 2,864 $ 75 310,653 (457,955)
Balance (in shares) at Mar. 31, 2025   119,318 75,462,390    
Balance at Dec. 31, 2024 $ (148,041) $ 4,372 $ 75 308,247 (456,363)
Balance (in shares) at Dec. 31, 2024 75,462,390 119,318 75,462,390    
Accretion of redeemable convertible preferred stock to redemption value $ 1,775        
Net Income (Loss) (2,667)        
Balance at Jun. 30, 2025 $ (147,945) $ 2,597 $ 75 311,010 (459,030)
Balance (in shares) at Jun. 30, 2025 75,462,390 119,318 75,462,390    
Balance at Mar. 31, 2025 $ (147,227) $ 2,864 $ 75 310,653 (457,955)
Balance (in shares) at Mar. 31, 2025   119,318 75,462,390    
Share-based compensation expense 90     90  
Accretion of redeemable convertible preferred stock to redemption value 267 $ (267)   267  
Net Income (Loss) (1,075)       (1,075)
Balance at Jun. 30, 2025 $ (147,945) $ 2,597 $ 75 $ 311,010 $ (459,030)
Balance (in shares) at Jun. 30, 2025 75,462,390 119,318 75,462,390