v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Dec. 31, 2024
Current assets:      
Cash and cash equivalents $ 233 $ 585 $ 172
Investment in crypto assets – Bitcoin 66 506 2,849
Accounts receivable, net 697 495 213
Prepaid expenses and other current assets 464 509 385
Total current assets 1,460 2,095 3,619
Property and equipment, net 47 56 108
Total assets 1,507 2,151 3,727
Current liabilities:      
Accounts payable and accrued expenses 3,941 3,496 6,038
Deferred revenues 679 389 561
Loans payable 661 754 3,608
Loans payable – related parties   2,319
Convertible notes at fair value   3,452
Deferred underwriter fee payable   3,250
SEPA put option liability 74 186
Total current liabilities 5,355 4,825 19,228
Loans payable, net of current portion 176 220
Warrant liabilities 55 71 15
SEPA put option liability, net of current portion   434
Total liabilities 5,586 5,116 19,677
Commitments and contingencies (Note 13)
Stockholders’ deficit:      
Preferred Stock, value
Common Stock, value 5 5  
Additional paid-in-capital 103,268 101,929  
Treasury stock, value (529) (529) (529)
Accumulated deficit (106,823) (104,370) (101,569)
Total stockholders’ deficit $ (4,079) (2,965) (15,950)
Total liabilities and stockholders’ deficit   2,151 3,727
Previously Reported [Member]      
Stockholders’ deficit:      
Common Stock, value   2 2
Additional paid-in-capital   101,932 $ 86,146
Total stockholders’ deficit   $ (2,965)