Subsequent Events |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Subsequent Events [Abstract] | |
| Subsequent Events | (12) Subsequent Events.
On April 28, 2026, the Board has approved an amendment to the Company’s Articles of Incorporation (the “Articles Amendment”) to authorize a new class of capital stock designated as Nonvoting Common Stock, par value $ per share (the “Nonvoting Common Stock”). The Articles Amendment authorizes the issuance of up to shares of Nonvoting Common Stock. In accordance with the Articles Amendment, the Company expects to exchange all outstanding shares, or and shares of related party Series B Convertible Preferred Stock and Series C Convertible Preferred Stock, respectively, for a total of shares of Nonvoting Common Stock in Q2 2026. The Company does not expect the amendment to have a material impact on its condensed consolidated financial statements.
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