v3.26.1
Condensed Consolidated Statements of Operations - (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Costs and expenses:        
Exploration expense $ (27) $ (81) $ (86) $ (152)
Administrative expense (345) (748) (834) (1,463)
Stock-based compensation (72) (99) (145) (173)
Other operating income (expense), net (5) (5)
Total costs and expenses (444) (933) (1,065) (1,793)
Loss from operations (444) (933) (1,065) (1,793)
Other income (expense):        
Interest and other income (expense), net 6 52 11 78
Gain (loss) on foreign currency transactions (8) (42) (8) (42)
Total other income (expense) (2) 10 3 36
Loss from operations before income taxes and discontinued operations (446) (923) (1,062) (1,757)
Income taxes (Note 9)
Loss from continuing operations (446) (923) (1,062) (1,757)
Income (loss) from discontinued operations, net of taxes (Note 3) 1,128 83 1,142 (319)
Net income (loss) $ 682 $ (840) $ 80 $ (2,076)
Net income (loss) per common share - basic        
Continuing operations $ (0.03) $ (0.06) $ (0.07) $ (0.12)
Discontinued operations 0.07 0 0.07 (0.02)
Net income (loss) per common share - basic $ 0.04 $ (0.06) $ 0 $ (0.14)
Weighted-average shares outstanding - basic 16,788,213 [1] 15,053,048 [1] 15,925,424 15,052,713
[1] Potentially dilutive shares have not been included for loss periods because to do so would be anti-dilutive. Potentially dilutive shares at June 30, 2026, consist of 2,670,079 equivalent shares related to restricted stock units and 7,427,587 equivalent shares related to outstanding warrants. Potentially dilutive shares at June 30, 2025, consist of 2,470,079 equivalent shares related to stock-based awards and 7,481,587 equivalent shares related to outstanding warrants. See Note 10 for a discussion of stock-based compensation and warrants.