v3.26.1
Stockholders' Deficit (Tables)
3 Months Ended
Mar. 31, 2026
Stockholders' Deficit  
Schedule of warrant activity

The following is a summary of warrant activity for the three months ended March 31, 2026 (dollars in thousands, except per share data):

  ​ ​ ​

Number of

  ​ ​ ​

Weighted Average

  ​ ​ ​

Remaining

Warrants

Exercise Price

Contractual Term

Outstanding as of January 1, 2026

 

92,891

$

0.27

 

2.37

Warrants exercised for cash

 

(25)

 

0.22

 

Cashless exercise

 

(643)

 

0.22

 

Warrants expired and cancellation

 

(140)

 

2.00

 

Outstanding as of March 31, 2026 (1)

 

92,083

$

0.27

 

2.15

(1)At March 31, 2026, of the approximately 92 million total outstanding warrants listed above, approximately 91 million warrants were under Blocker Letter Agreements or suspension agreements.
Schedule of warrant modifications

  ​ ​ ​

Post-modification

  ​ ​ ​

Pre-modification

Exercise price

$

0.28

$

0.28

Expected term (in years)

 

3.2

 

3.0

Volatility

 

80

%  

 

78

%

Risk-free interest rate

 

3.8

%  

 

3.8

%

Dividend yield

 

0

%  

 

0

%