v3.26.1
Equity (Tables)
6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Schedule of Restricted Stock Grants

The following table summarizes the status and activity of the Company’s restricted stock grants at June 30, 2026 and 2025, and the changes during the six months then ended:

 

    Six Months Ended June 30,  
    2026     2025  
          Weighted           Weighted  
          Average           Average  
          Grant Date           Grant Date  
    Number of     Fair Value     Number of     Fair Value  
Restricted Stock Grants   Shares     Per Share     Shares     Per Share  
Outstanding at beginning of period         $       666     $ 6.00  
Restrictions lifted during the period                 (666 )     6.00  
Outstanding at end of period         $           $  

The following table summarizes the status and activity of the Company’s total restricted stock units outstanding at June 30, 2026 and 2025, and the changes during the six months then ended:

 

    Six Months Ended June 30,  
    2026     2025  
          Weighted           Weighted  
          Average           Average  
          Grant Date           Grant Date  
    Number of     Fair Value     Number of     Fair Value  
Restricted Stock Units   Shares     Per Share     Shares     Per Share  
Outstanding at beginning of period     2,470,079     $ 1.12       1,070,079     $ 2.36  
Granted during the period     200,000       0.30       1,500,000       0.18  
Restrictions lifted during the period         $       (100,000 )   $ 0.35  
Outstanding at end of period     2,670,079     $ 1.06       2,470,079     $ 1.12  
Schedule of Stock-Based Compensation Expense

Stock-based compensation expense for the periods presented is as follows:

 

  

    Three Months Ended
June 30,
    Six Months Ended
June 30,
 
    2026     2025     2026     2025  
    (in thousands)  
Restricted stock grants           2             3  
Restricted stock units     72       97       145       170  
Total stock-based compensation   $ 72     $ 99     $ 145     $ 173  
Schedule of Common Stock Warrants Outstanding

The following table summarizes the activity of the Company’s common stock warrants for the six months ended June 30, 2026 and 2025.

 

    Six Months Ended June 30,  
    2026     2025  
    Number of
Underlying
    Weighted
Average
Exercise Price
    Number of
Underlying
    Weighted
Average
Exercise Price
 
Common Stock Warrants   Shares     Per Share     Shares     Share  
Outstanding at beginning of period     7,427,587     $ 0.93       10,819,742     $ 1.14  
Issued during the period                        
Exercised during the period                        
Expired during the period                 (3,338,155 )     1.52  
Outstanding at end of period     7,427,587     $ 0.93       7,481,587     $ 0.98  

Common stock warrants outstanding as of June 30, 2026 are as follows:

 

    Number of     Exercise      
Common Stock Warrants   Warrants     Price     Expiration Date
June 2023 HCW Series A Warrants     1,427,587     $ 1.90     December 26, 2028
November 2023 HCW Series A Warrants     6,000,000     $ 0.70     November 6, 2028
      7,427,587