v3.26.1
COMMON STOCK (Tables)
12 Months Ended
Dec. 31, 2025
COMMON STOCK.  
Schedule of assumptions used to calculate fair value of warrants

  ​ ​ ​

December 31, 

2025

2024

 

Amended March 2025 Warrants

 

Unmodified August 2022 Warrants

Modified August 2022 Warrants

Unmodified August 2022 Warrants

 

Modified August 2022 Warrants

Dividend yield

 

Volatility

 

130.0

175.9

147.3

111.3

103.6

Risk-free interest rate

 

3.73

3.48

3.55

4.22

4.28

Expected lives (years)

 

5.18

 

1.64

 

3.07

 

2.64

 

4.07

 

Weighted average fair value

$

0.572

$

0.176

$

0.369

$

0.101

$

0.162

Schedule of fair value of liabilities transfer from Level 3 to Level 2

(Amounts in Thousands)

Balance as of January 1, 2025

Issuance of Warrants

Change in Far Value through Date of Modification

Exercises

Transfer out to Level 2

Balance as of December 31, 2025

Level 3 Warrant Liabilities

$

-

$

1,477

$

3,414

$

(270)

$

(4,621)

$

-

Schedule of warrants outstanding

Number of Warrants

Outstanding and Common

Exercise

Stock Underlying Warrants

Price

December 31, 

  ​ ​ ​

Issuance Date

  ​ ​ ​

Expiration Date

  ​ ​ ​

Classification

per Share

  ​ ​ ​

2025

  ​ ​ ​

2024

Unmodified August 2022 Warrants

August 25, 2022

August 25, 2027

Liability

$

13.20

433,321

433,321

Modified August 2022 Warrants

August 25, 2022

August 25, 2027

Liability

$

4.13

55,553

55,553

January 2024 Purchase Warrants

January 26, 2024

July 26, 2029

Equity

$

4.13

171,000

171,000

July 2024 Purchase Warrants

July 9, 2024

July 9, 2027

Equity

$

2.25

1,248,527

1,248,527

August 2024 Purchase Warrants

August 1, 2024

August 1, 2029

Equity

$

1.36

2,566,667

2,566,667

Amended March 2025 Warrants

September 19, 2025

March 5, 2031

Liability

$

0.35

 

11,848,177

 

-

September 2025 Warrants

September 19, 2025

September 19, 2031

Equity

$

0.75

4,912,500

-

 

21,235,745

4,475,068

(1)Liability classified
(2)Equity classified