v3.26.1
Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)
$ in Thousands
Preferred Stock [Member]
Series A One Preferred Stock [Member]
Preferred Stock [Member]
Series B Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Treasury Stock, Common [Member]
Retained Earnings [Member]
Total
Balance at Dec. 31, 2024 $ 1 $ 1 $ 79,920 $ (29) $ (77,809) $ 2,084
Balance, shares at Dec. 31, 2024 601 1,040 407,295        
Balance, Treasury shares at Dec. 31, 2024         (8)    
Net loss (975) (975)
Stock-based compensation expense 69 69
Issuance of Common Stock for exercise of warrants
Issuance of Common Stock for exercise of warrants, shares     25,000        
Shares sold for cash 907 907
Shares sold for cash, shares     142,960        
Balance at Mar. 31, 2025 $ 1 $ 1 80,896 $ (29) (78,784) 2,085
Balance, shares at Mar. 31, 2025 601 1,040 575,255        
Balance, Treasury shares at Mar. 31, 2025         (8)    
Balance at Dec. 31, 2024 $ 1 $ 1 79,920 $ (29) (77,809) 2,084
Balance, shares at Dec. 31, 2024 601 1,040 407,295        
Balance, Treasury shares at Dec. 31, 2024         (8)    
Net loss             (104,398)
Balance at Jun. 30, 2025 $ 7 634,746 $ (29) (182,207) 452,519
Balance, shares at Jun. 30, 2025 66,154,792        
Balance, Treasury shares at Jun. 30, 2025         (8)    
Balance at Dec. 31, 2024 $ 1 $ 1 79,920 $ (29) (77,809) 2,084
Balance, shares at Dec. 31, 2024 601 1,040 407,295        
Balance, Treasury shares at Dec. 31, 2024         (8)    
Balance at Dec. 31, 2025 $ 20 3,263,114 $ (31,721) (812,396) $ 2,419,017
Balance, shares at Dec. 31, 2025 198,646,255        
Balance, Treasury shares at Dec. 31, 2025         (1,938,458)   4,071,231
Balance at Mar. 31, 2025 $ 1 $ 1 80,896 $ (29) (78,784) $ 2,085
Balance, shares at Mar. 31, 2025 601 1,040 575,255        
Balance, Treasury shares at Mar. 31, 2025         (8)    
Net loss (103,423) (103,423)
Stock-based compensation expense 16,416 16,416
Issuance of Common Stock for exercise of warrants
Issuance of Common Stock for exercise of warrants, shares     69,842        
Shares issued for vested restricted stock 261 261
Shares issued for vested restricted stock, shares     37,502        
Issuance of Common Stock for exchange agreement $ (1) $ (1)
Issuance of Common Stock for exchange agreement, shares (601) (1,040) 38,683        
Issuance of Common Stock sold in private placement June 23, 2026 3,848 3,848
Issuance of Common Stock sold in private placement June 23, 2026, shares     34,000        
Issuance of Common Stock sold in private placement May 26, 2025 $ 6 404,618 404,624
Issuance of Common Stock sold in private placement May 26, 2025, shares     58,704,673        
Issuance of Common Stock sold in at-the-market-offering $ 1 128,707 128,708
Issuance of Common Stock sold in at-the-market-offering, shares     6,694,837        
Balance at Jun. 30, 2025 $ 7 634,746 $ (29) (182,207) 452,519
Balance, shares at Jun. 30, 2025 66,154,792        
Balance, Treasury shares at Jun. 30, 2025         (8)    
Balance at Dec. 31, 2025 $ 20 3,263,114 $ (31,721) (812,396) $ 2,419,017
Balance, shares at Dec. 31, 2025 198,646,255        
Balance, Treasury shares at Dec. 31, 2025         (1,938,458)   4,071,231
Net loss (685,561) $ (685,561)
Stock-based compensation expense 3,001 3,001
Shares issued for vested restricted stock  
Shares issued for vested restricted stock, shares     340,385        
Settlement of accrued bonuses in shares (gross) of common stock 5,040 5,040
Settlement of accrued bonuses in shares (gross) of common stock, shares     490,273        
Shares of Common Stock withheld for taxes for net share settlement (2,896) (2,896)
Shares of Common Stock withheld for taxes for net share settlement, shares     (351,404)        
Balance at Mar. 31, 2026 $ 20 3,268,259 $ (31,721) (1,497,957) 1,738,601
Balance, shares at Mar. 31, 2026 199,125,509        
Balance, Treasury shares at Mar. 31, 2026         (1,938,458)    
Balance at Dec. 31, 2025 $ 20 3,263,114 $ (31,721) (812,396) $ 2,419,017
Balance, shares at Dec. 31, 2025 198,646,255        
Balance, Treasury shares at Dec. 31, 2025         (1,938,458)   4,071,231
Net loss             $ (1,079,835)
Issuance of Common Stock for exercise of pre-funded warrants, shares     11,817,165        
Balance at Jun. 30, 2026 $ 22 3,344,472 $ (41,743) (1,892,231) $ 1,410,520
Balance, shares at Jun. 30, 2026 221,054,539        
Balance, Treasury shares at Jun. 30, 2026         (4,071,231)   4,071,231
Balance at Mar. 31, 2026 $ 20 3,268,259 $ (31,721) (1,497,957) $ 1,738,601
Balance, shares at Mar. 31, 2026 199,125,509        
Balance, Treasury shares at Mar. 31, 2026         (1,938,458)    
Net loss (394,274) (394,274)
Stock-based compensation expense 3,055 3,055
Shares issued for vested restricted stock
Shares issued for vested restricted stock, shares     129,809        
Issuance of Common Stock sold in private placement June 23, 2026 $ 1 73,330 73,331
Issuance of Common Stock sold in private placement June 23, 2026, shares     10,013,351        
Shares of Common Stock withheld for taxes for net share settlement (172) (172)
Shares of Common Stock withheld for taxes for net share settlement, shares     (31,295)        
Issuance of Common Stock for exercise of pre-funded warrants $ 1 1
Issuance of Common Stock for exercise of pre-funded warrants, shares     11,817,165        
Stock repurchased (treasury stock) $ (10,022) (10,022)
Stock repurchased (treasury stock), shares         (2,132,773)    
Balance at Jun. 30, 2026 $ 22 $ 3,344,472 $ (41,743) $ (1,892,231) $ 1,410,520
Balance, shares at Jun. 30, 2026 221,054,539        
Balance, Treasury shares at Jun. 30, 2026         (4,071,231)   4,071,231