Stockholders' Deficit (Tables)

6 Months Ended

Jun. 30, 2026

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 stock			Additional paid in capital		Retained earnings (Accumulated Deficit)		Accumulated other comprehensive income (loss)		Total stockholders' deficit
	Number	Amount

Balances, March 31, 2026	11,134,174	$	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, 2026	11,161,011	$	39,205	$	24,709	$	(264,555)	$	(130)	$	(200,771)


	Common stock			Additional paid in capital		Retained earnings (Accumulated Deficit)		Accumulated other comprehensive income (loss)		Total stockholders' deficit
	Number	Amount

Balances, December 31, 2025	11,111,453	$	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, 2026	11,161,011	$	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.