v3.26.1
COMMON WARRANTS AND EQUITY OFFERING
 6 Months Ended
Jun. 30, 2026
Stockholders' Equity Note [Abstract]  
COMMON WARRANTS AND EQUITY OFFERING
NOTE 10 — COMMON WARRANTS AND EQUITY OFFERING
Common Warrants – During the year ended December 31, 2024 and through October 2025, the Company had 78,200 exercisable common warrants outstanding, with a contractual exercise price of $0.80 per warrant. All of the common warrants expired in October 2025. During the six months ended June 30, 2025, no common warrants were exercised.

Equity Offering – On May 14, 2026, the Company completed an underwritten public offering of 44,444,445 shares of common stock at a public offering price of $1.35 per share and gross proceeds of $60.0 million. On June 12, 2026, the underwriters exercised an option to purchase an additional 6,666,666 shares of common stock at a public offering price of $1.35 per share and gross proceeds of $9.0 million. The sale of common stock resulted in total gross proceeds of $69.0 million and net proceeds of $64.5 million, after deducting underwriting fees and offering expenses.
Common WarrantsExercise PriceProceeds Received