v3.25.2
Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Total
Balance at Dec. 31, 2023 $ 9,000 $ 44,359,000 $ (49,207,000) $ (4,839,000)
Balance, shares at Dec. 31, 2023 4,380,184      
Net income (loss) 16,774,000 16,774,000
Stock-based compensation 50,000 50,000
Reclass of derivative liability upon conversion of related convertible notes 144,000 144,000
Issuance of common stock for convertible note conversion 451,000 451,000
Issuance of common stock for convertible note conversion, shares 143,056      
Issuance of common stock for settlement with vendors $ 1,000 1,692,000 1,693,000
Issuance of common stock for settlement with vendors, shares 273,052      
Issuance of restricted shares to Wisdom Financial to repay loan interest 270,000 270,000
Issuance of restricted shares to Wisdom Financial to repay loan interest, shares 36,040      
Issuance of common stock for private placements $ 4,000 2,027,000 2,031,000
Issuance of common stock for private placements, shares 2,058,112      
Balance at Mar. 31, 2024 $ 14,000 48,993,000 (32,433,000) 16,574,000
Balance, shares at Mar. 31, 2024 6,890,444      
Balance at Dec. 31, 2023 $ 9,000 44,359,000 (49,207,000) (4,839,000)
Balance, shares at Dec. 31, 2023 4,380,184      
Net income (loss)       19,727,000
Balance at Jun. 30, 2024 $ 14,000 49,436,000 (29,480,000) 19,970,000
Balance, shares at Jun. 30, 2024 7,080,271      
Balance at Mar. 31, 2024 $ 14,000 48,993,000 (32,433,000) 16,574,000
Balance, shares at Mar. 31, 2024 6,890,444      
Net income (loss) 2,953,000 2,953,000
Stock-based compensation (67,000) (67,000)
Reclass of derivative liability upon conversion of related convertible notes 129,000 129,000
Issuance of common stock for convertible note conversion 381,000 381,000
Issuance of common stock for convertible note conversion, shares 189,827      
Balance at Jun. 30, 2024 $ 14,000 49,436,000 (29,480,000) 19,970,000
Balance, shares at Jun. 30, 2024 7,080,271      
Balance at Dec. 31, 2024 $ 17,000 51,578,000 (41,275,000) 10,320,000
Balance, shares at Dec. 31, 2024 8,534,973      
Net income (loss) (3,586,000) (3,586,000)
Stock-based compensation (39,000) (39,000)
Reclass of derivative liability upon conversion of related convertible notes 33,000 33,000
Issuance of common stock for convertible note conversion $ 2,000 575,000 577,000
Issuance of common stock for convertible note conversion, shares 614,321      
Issuance of common stock for warrant exercise $ 1,000 241,000 242,000
Issuance of common stock for warrant exercise, shares 475,729      
Issuance of senior convertible note 1,838 1,838
Balance at Mar. 31, 2025 $ 20,000 54,226,000 (44,861,000) 9,385,000
Balance, shares at Mar. 31, 2025 9,625,022      
Balance at Dec. 31, 2024 $ 17,000 51,578,000 (41,275,000) 10,320,000
Balance, shares at Dec. 31, 2024 8,534,973      
Net income (loss)       (4,738,000)
Balance at Jun. 30, 2025 $ 20,000 53,800,000 (46,013,000) 7,807,000
Balance, shares at Jun. 30, 2025 9,856,086      
Balance at Mar. 31, 2025 $ 20,000 54,226,000 (44,861,000) 9,385,000
Balance, shares at Mar. 31, 2025 9,625,022      
Net income (loss) (1,152,000) (1,152,000)
Stock-based compensation 34,000 34,000
Issuance of common stock for warrant exercise (536,000) (536,000)
Issuance of common stock for warrant exercise, shares 231,064      
Issuance of senior convertible note 76 76
Balance at Jun. 30, 2025 $ 20,000 $ 53,800,000 $ (46,013,000) $ 7,807,000
Balance, shares at Jun. 30, 2025 9,856,086