v3.26.1
Condensed Consolidated Statements of Changes in Mezzanine Equity and Stockholders’ Equity (Deficit) (Unaudited) - USD ($)
$ in Thousands
Series A
Preferred Stock
Class A
Common Stock
Mezzanine Equity
Additional Paid-in Capital
Accumulated Deficit
Accumulated Other Comprehensive Loss
Total
Balance at Dec. 31, 2023 $ 2 $ 255,596 $ (257,256) $ (118) $ (1,776)
Balance (in Shares) at Dec. 31, 2023 4,500,000 18,599,982        
Dividends on the Series A Preferred Stock (5,521) (5,521)
Issuance of Class A Common Stock through forward purchase agreement 1,683 1,683
Exercise of forward purchase agreement warrant 1,815 1,815
Exercise of forward purchase agreement warrant (in Shares) 664,883        
Extinguishment of excess warrant liability upon exercise of warrants associated with the forward purchase agreement 96 96
Modification of forward purchase agreement (94) (94)
Stock-based compensation 562 562
Issuance of warrants associated with Term Loans 1,397 1,397
Issuance of Class A Common Stock under employee stock purchase plan 63 63
Issuance of Class A Common Stock under employee stock purchase plan (in Shares) 32,758        
Waiver of accrued dividends associated with Sponsor Support Agreement 3,733 3,733
Induced conversion of Series A Preferred Stock into Class A Common Stock 1,162 (1,162)
Induced conversion of Series A Preferred Stock into Class A Common Stock (in Shares) (373,333) 1,028,986        
Waiver of restriction and vesting requirement of Class A Common Stock
Waiver of restriction and vesting requirement of Class A Common Stock (in Shares) 1,000,000        
Foreign currency translation adjustment (5) (5)
Net loss (20,795) (20,795)
Balance at Dec. 31, 2024 $ 2 266,013 (284,734) (123) (18,842)
Balance (in Shares) at Dec. 31, 2024 4,126,667 21,326,609        
Dividends on the Series A Preferred Stock   (1,238) (1,238)
Stock-based compensation   160 160
Issuance of warrants associated with Term Loans   688 688
Foreign currency translation adjustment   6 6
Net loss   (4,998) (4,998)
Balance at Mar. 31, 2025 $ 2   266,861 (290,970) (117) (24,224)
Balance (in Shares) at Mar. 31, 2025 4,126,667 21,326,609          
Balance at Dec. 31, 2024 $ 2 266,013 (284,734) (123) (18,842)
Balance (in Shares) at Dec. 31, 2024 4,126,667 21,326,609        
Dividends on the Series A Preferred Stock (4,906) (4,906)
Issuance of Class A Common Stock from at-the-market (“ATM”) offering 414 414
Issuance of Class A Common Stock from at-the-market (“ATM”) offering (in Shares) 300,742        
Issuance of Class A Common Stock from registered direct offering $ 1 1
Issuance of Class A Common Stock from registered direct offering (in Shares) 4,915,926        
Issuance of Placement Agent Warrants $ 391
Issuance of Placement Agent Warrants (in Shares)   368,694        
Issuance of Class A Common Stock for services 134 134
Issuance of Class A Common Stock for services (in Shares) 109,670        
Modification of Term Loan Warrants 1,455 1,455
Extinguishment of Term Loans 27,879 27,879
Exercise of forward purchase agreement warrant 3,111 3,111
Exercise of forward purchase agreement warrant (in Shares) 2,074,012        
Modification of forward purchase agreement (62) (62)
Stock-based compensation 657 657
Issuance of warrants associated with Term Loans 1,570 1,570
Issuance of Class A Common Stock under employee stock purchase plan 184 184
Issuance of Class A Common Stock under employee stock purchase plan (in Shares) 208,001        
Foreign currency translation adjustment 3 3
Net loss (23,756) (23,756)
Balance at Dec. 31, 2025 $ 3 $ 391 301,355 (313,396) (120) (12,158)
Balance (in Shares) at Dec. 31, 2025 4,126,667 28,934,960 368,694        
Dividends on the Series A Preferred Stock (1,350) (1,350)
Stock-based compensation 239 239
Net proceeds from issuance of Class A Common Stock, Issued Pre-Funded Warrants, and Series A Warrants in February 2026 Offering $ 5 27,777 27,782
Net proceeds from issuance of Class A Common Stock, Issued Pre-Funded Warrants, and Series A Warrants in February 2026 Offering (in Shares) 47,946,150        
Foreign currency translation adjustment   (1) (1)
Net loss (4,351)   (4,351)
Balance at Mar. 31, 2026 $ 8 $ 391 $ 329,371 $ (319,097) $ (121) $ 10,161
Balance (in Shares) at Mar. 31, 2026 4,126,667 76,881,110 368,694