Subsequent Events |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Subsequent Events [Abstract] | |
| Subsequent Events | Note 13. Subsequent Events
The Company has evaluated subsequent events through the date these financial statements were issued and determined the following are material:
On December 23, 2025, we initiated a common stock offering to raise up to $1,000 at $ per share from accredited investors. The offering is exempt from registration under Section 4(a)(2) of the Securities Act of 1933, as amended, and Rule 506(b) of Regulation D thereunder. At December 31, 2025, we had raised $300 and issued shares of common stock. Subsequent to December 31, 2025, we raised an additional $375 and issued shares of common stock. The offering closed on January 29, 2026 with the company raising $675 in aggregate and issuing a total of common shares.
In February 2026, the Company bound a Management Liability (Directors & Officers) insurance policy with a $1,000 aggregate limit of liability. The policy provides coverage for an annual period and includes Insuring Agreements A, B, and C. The annual premium for the policy is $34, plus applicable fees and taxes. This policy replaces coverage that had been previously exhausted.
No other subsequent events requiring disclosure were identified. |