Related Party Transactions |
12 Months Ended |
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Dec. 31, 2025 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions | Note 11. Related Party Transactions
On September 23, 2025, the Company issued shares of its common stock to a director. The Company issued shares of common stock to a director in settlement of $56 of previously accrued fees. The shares have a par value of $, resulting in $500 recorded to common stock. The excess of par value over the liability settled, totaling $444, was recorded as a reduction to additional paid-in capital. No incremental compensation expense was recognized as the related services had been fully accrued in prior periods.
In separate transactions on September 23, 2025, the Company issued shares to its Interim CEO & CFO and shares to an employee. The shares were granted at a fair value of $ per share, resulting in compensation expense of $ for each grant. The shares carry a par value of $, resulting in $100 recorded to common stock for each issuance. The excess of par value over the fair value of the shares issued, totaling $90 for each grant, was recorded as a reduction to additional paid-in capital. The shares were vested on grant date.
Loans Payable – Related Party
On August 1, 2023, a former executive loaned the Company $15. The loan bears interest at an annual rate of 4.43%. A maturity date has not yet been set. For the years ended December 31, 2025 and 2024, respectively, the Company recorded $0.7 and $0.6 of interest expense in respect of this loan.
Accounts Payable – Related Party
During the year ended December 31, 2023, a former executive paid consultants reimbursable by the Company in the amount of $20, which are outstanding as of December 31, 2025. During the year ended December 31, 2024, an executive paid legal fee reimbursable by the company in the amount of $25, which are outstanding as of December 31, 2025. The total related-party payable balance outstanding as of December 31, 2025 was $45.
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