v3.26.1
Stockholders' Deficit
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Stockholders' Deficit Stockholders' Deficit
The following table summarizes stockholders' deficit transactions for the three and six months ended June 30, 2026 (Dollar amounts in thousands of U.S. dollars):
Common stockAdditional
paid in
capital		Retained earnings
(Accumulated Deficit)		Accumulated
other
comprehensive
income (loss)		Total
stockholders'
deficit
NumberAmount
Balances, March 31, 202611,134,174 $38,788 $24,158 $(244,084)$(190)$(181,328)
Stock-based compensation(1)
26,837 417 551 - - 968 
Net loss- - - (20,471)- (20,471)
Other comprehensive loss- - - - 60 60 
Balances, June 30, 202611,161,011 $39,205 $24,709 $(264,555)$(130)$(200,771)
Common stockAdditional
paid in
capital		Retained earnings
(Accumulated Deficit)		Accumulated
other
comprehensive
income (loss)		Total
stockholders'
deficit
NumberAmount
Balances, December 31, 202511,111,453 $38,308 $23,526 $(225,977)$(57)$(164,200)
Exercise of stock options- - — - - — 
Stock-based compensation(1)
49,558 897 1,183 - 2,080 
Net loss- - - (38,578)- (38,578)
Other comprehensive loss- - - - (73)(73)
Balances, June 30, 202611,161,011 $39,205 $24,709 $(264,555)$(130)$(200,771)
(1)The Company capitalizes stock-based compensation costs directly attributable to the development of qualifying assets. Qualifying assets include internal use software (“IUS”), assets under construction (“AUC”), equipment, or other long-lived assets that meet the capitalization criteria prescribed by ASC 350 "Intangibles - Goodwill and Other" ("ASC 350"). During the three and six months ended June 30, 2026, the Company capitalized less than $0.1 million of stock-based compensation directly attributable to the development of certain IUS assets. During each of the three and six months ended June 30, 2025, the Company capitalized $0.1 million of stock-based compensation directly attributable to the development of certain IUS assets.
2026 Stock Buyback Program
On February 12, 2026, the Company announced that its Board of Directors (“Board”) approved a stock buyback program to repurchase up to $40 million of its common stock in the open market. The $40 million buyback program commenced on February 13, 2026 and is expected to terminate on February 12, 2027. For the three and six ended June 30, 2026, the Company did not repurchase shares under this program.
2025 Stock Buyback Program
On February 13, 2025, the Company announced that its Board approved a stock buyback program to repurchase up to $40 million of its common stock in the open market. The $40 million buyback program commenced on February 14, 2025 and terminated on February 12, 2026. For the three and six months ended June 30, 2026, the Company did not repurchase shares under this program.
2024 Stock Buyback Program
On February 22, 2024, the Company announced that its Board approved a stock buyback program to repurchase up to $40 million of its common stock in the open market. Purchases were to be made exclusively through the facilities of the NASDAQ Capital Market. The stock buyback program commenced on February 23, 2024 and terminated on February 22, 2025. For the three and six months ended June 30, 2025, the Company did not repurchase shares under this program.