v3.25.2
Consolidated Statements of Changes in Stockholders’ Equity - USD ($)
$ in Thousands
Common Stock
Series B Preferred Stock
Additional Paid-In Capital
Retained Earnings (Accumulated Deficit)
Class B Preferred Units
Special Preferred Unit
Total
Balance at Dec. 31, 2023 $ 157,610   $ 193,044 $ (190,607) $ 25,871 $ 815 $ 2,437
Net Loss   (1,113) (1,113)
Accrued Class B Distributions   (873) 873 (873)
Accrued Special Preferred Units Distributions   (48) 48 (48)
Balance at Mar. 31, 2024 157,610   193,044 (192,641) 26,744 863 403
Balance at Dec. 31, 2023 157,610   193,044 (190,607) 25,871 815 2,437
Net Loss             (1,494)
Balance at Jun. 30, 2024 157,610   193,044 (193,969) 27,647 907 (925)
Balance at Mar. 31, 2024 157,610   193,044 (192,641) 26,744 863 403
Net Loss   (381) (381)
Accrued Class B Distributions   (903) 903 (903)
Accrued Special Preferred Units Distributions   (44) 44 (44)
Balance at Jun. 30, 2024 157,610   193,044 (193,969) 27,647 907 (925)
Balance at Dec. 31, 2024 193,044 (196,102) 28,475 1,143 (3,058)
Balance (in Shares) at Dec. 31, 2024 157,610          
Net Loss (1,728) (1,728)
Accrued Class B Distributions (705) 705 (705)
Conversion of Class B Preferred Units to Common stock $ 1 29,180 (29,180) 29,181
Conversion of Class B Preferred Units to Common stock (in Shares) 3,782,641          
Conversion of Special Preferred Units to Debt (1,143)
Public Offering $ 2 3,250 3,252
Public Offering (in Shares) 1,250,000          
Nectarine Management, LLC. Subscription Agreement $ 30 30
Nectarine Management, LLC. Subscription Agreement (in Shares) 985,063          
Balance at Mar. 31, 2025 $ 3 $ 30 225,474 (198,535) 26,972
Balance (in Shares) at Mar. 31, 2025 5,190,251 985,063          
Balance at Dec. 31, 2024 193,044 (196,102) 28,475 1,143 (3,058)
Balance (in Shares) at Dec. 31, 2024 157,610          
Net Loss             (2,428)
Balance at Jun. 30, 2025 $ 3 $ 30 225,476 (199,235) 26,274
Balance (in Shares) at Jun. 30, 2025 5,406,305 985,063          
Balance at Mar. 31, 2025 $ 3 $ 30 225,474 (198,535) 26,972
Balance (in Shares) at Mar. 31, 2025 5,190,251 985,063          
Net Loss (700) (700)
Issuance of commitment shares pursuant to equity line of credit
Issuance of commitment shares pursuant to equity line of credit (in Shares) 215,054          
Issuance of common stock pursuant to equity line of credit 2 2
Issuance of common stock pursuant to equity line of credit (in Shares) 1,000          
Balance at Jun. 30, 2025 $ 3 $ 30 $ 225,476 $ (199,235) $ 26,274
Balance (in Shares) at Jun. 30, 2025 5,406,305 985,063