v3.26.1
Stockholders’ Equity (Tables)
12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Schedule of Equity Transactions

The Company completed equity transactions during the years ended December 31, 2025 and 2024. The following table provides an overview of those transactions:

  

(In thousands)

 

Date   Description  Type  Number of
Shares
   Transaction
Fees
  

Net

Proceeds

 
2025                   
November 4 through December 19   At-the-Market Offering (ATM)  Common Stock   78   $234   $782 
                       
2024                      
September 30   Confidentially Marketed Public Offering (CMPO)  Common Stock   120   $1,409   $13,591 
Schedule of Estimated Fair Values and Assumptions

 

Contractual life  5.0 years 
Volatility   90%
Risk free interest rate   4%
Dividend yield   0.00%
Schedule of Stock Warrant Activity

A summary of warrant activity is presented below:

   

    Common Stock 
    

Number of
Warrants

(In thousands)

    

Weighted

Average

Exercise

Price

    

Weighted

Average

Remaining

Life in

Years

    

Intrinsic

Value

(In thousands)

 
Outstanding, January 1, 2024   489   $227.15    3.03   $14,096 
Issued   11    111.30           
Expired   (138)   253.04           
Outstanding, December 31, 2024   362    213.92    2.80    8,505 
Exercised   (77)   -           
Expired   (22)   303.07           
Outstanding and exercisable, December 31, 2025   263   $267.78    0.92   $63