v3.26.1
Condensed Consolidated Statements of Convertible Preferred Stock and Stockholders' Deficit (Unaudited) - USD ($)
$ in Thousands
Total
Zynext Ventures USA LLC
Common Stock [Member]
Common Stock [Member]
Zynext Ventures USA LLC
Additional Paid-in Capital [Member]
Additional Paid-in Capital [Member]
Zynext Ventures USA LLC
Treasury Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Non-controlling Interest [Member]
Accumulated Deficit [Member]
Series A-1 convertible preferred stock [Member]
Preferred Stock [Member]
Beginning balance at Dec. 31, 2024 $ (306,424)   $ 236   $ 1,857,662     $ (1,398) $ 19,956 $ (2,182,880) $ 0
Balance, shares at Dec. 31, 2024     23,635,000               32,000
Net income (loss) (26,370)               (1,104) (25,266)  
Other comprehensive income (loss) (70)             (70)      
Share-based compensation 3,184       2,587       597    
Shares sold at the market 6,343   $ 28   6,315            
Shares sold at the market, shares     2,783,000                
Payment of CEO payroll in shares 89   $ 1   88            
Payment of CEO payroll In shares, shares     33,000                
Issuance of warrants 398       398            
Issuance of shares for services 39       39            
Issuance of shares for services, shares     11,000                
Issuance of shares in connection with debt agreement 220   $ 1   219            
Issuance of shares in connection with debt agreement, shares     66,000                
Vesting of nonvested shares, shares     1,000                
Exercise of stock options and employee share purchases 44       43       1    
Exercise of stock options and employee share purchases, shares     18,000                
Issuance of shares for employee salaries 149       171   $ (22)        
Issuance of shares for employee salaries, shares     24,000       (8,000)        
Retirement of treasury shares related to employee withholding         (22)   $ 22        
Retirement of treasury shares related to employee withholding, share     (8,000)       8,000        
Ending balance at Mar. 31, 2025 (322,398)   $ 266   1,867,500     (1,468) 19,450 (2,208,146) $ 0
Balance, shares at Mar. 31, 2025     26,563,000               32,000
Beginning balance at Dec. 31, 2024 (306,424)   $ 236   1,857,662     (1,398) 19,956 (2,182,880) $ 0
Balance, shares at Dec. 31, 2024     23,635,000               32,000
Net income (loss) (56,382)                    
Other comprehensive income (loss) (106)                    
Ending balance at Jun. 30, 2025 (336,308)   $ 300   1,882,704     (1,504) 18,293 (2,236,101) $ 0
Balance, shares at Jun. 30, 2025     30,004,000               32,000
Beginning balance at Dec. 31, 2024 (306,424)   $ 236   1,857,662     (1,398) 19,956 (2,182,880) $ 0
Balance, shares at Dec. 31, 2024     23,635,000               32,000
Share-based compensation                 1,506    
Ending balance at Dec. 31, 2025 (277,861)   $ 353   1,911,740     (439) (6,750) (2,182,765)  
Balance, shares at Dec. 31, 2025     35,320,000               32,000
Beginning balance at Mar. 31, 2025 (322,398)   $ 266   1,867,500     (1,468) 19,450 (2,208,146) $ 0
Balance, shares at Mar. 31, 2025     26,563,000               32,000
Net income (loss) (30,012)               (2,057) (27,955)  
Other comprehensive income (loss) (36)             (36)      
Share-based compensation 3,338       2,438       900    
Shares sold at the market 12,217   $ 31   12,186            
Shares sold at the market, shares     3,136,000                
Payment of CEO payroll in shares 114       114            
Payment of CEO payroll In shares, shares     40,000                
Issuance of shares for services 26       26            
Issuance of shares for services, shares     9,000                
Issuance of shares in connection with debt agreement 404   $ 2   402            
Issuance of shares in connection with debt agreement, shares     179,000                
Vesting of nonvested shares, shares     15,000                
Issuance of shares for employee salaries 39   $ 1   103   $ (65)        
Issuance of shares for employee salaries, shares     91,000       (29,000)        
Retirement of treasury shares related to employee withholding         (65)   $ 65        
Retirement of treasury shares related to employee withholding, share     (29,000)       29,000        
Ending balance at Jun. 30, 2025 (336,308)   $ 300   1,882,704     (1,504) 18,293 (2,236,101) $ 0
Balance, shares at Jun. 30, 2025     30,004,000               32,000
Beginning balance at Dec. 31, 2025 (277,861)   $ 353   1,911,740     (439) (6,750) (2,182,765)  
Balance, shares at Dec. 31, 2025     35,320,000               32,000
Net income (loss) 39,206               (20) 39,226  
Other comprehensive income (loss) 2             2      
Share-based compensation 774       766       8    
Shares sold at the market 996 $ 6,423 $ 3 $ 21 993 $ 6,402          
Shares sold at the market, shares     284,000 2,133,000              
Payment of CEO payroll in shares 88       88            
Payment of CEO payroll In shares, shares     27,000                
Modification of warrants 435       435            
Issuance of shares for services 1,394   $ 4   1,390            
Issuance of shares for services, shares     418,000                
Issuance of shares in connection with debt agreement 441   $ 2   439            
Issuance of shares in connection with debt agreement, shares     141,000                
Vesting of nonvested shares     $ 2   (2)            
Vesting of nonvested shares, shares     158,000                
Employee share purchases 55       55            
Employee share purchases, shares     21,000                
Issuance of shares for employee salaries 64       91   $ (27)        
Issuance of shares for employee salaries, shares     28,000       (8,000)        
Retirement of treasury shares related to employee withholding         (27)   $ 27        
Retirement of treasury shares related to employee withholding, share     (8,000)       8,000        
Ending balance at Mar. 31, 2026 (227,983)   $ 385   1,922,370     (437) (6,762) (2,143,539)  
Balance, shares at Mar. 31, 2026     38,522,000               32,000
Beginning balance at Dec. 31, 2025 (277,861)   $ 353   1,911,740     (439) (6,750) (2,182,765)  
Balance, shares at Dec. 31, 2025     35,320,000               32,000
Net income (loss) 38,639                    
Other comprehensive income (loss) $ (11)                    
Share-based compensation                 12    
Exercise of stock options, shares 225,102                    
Ending balance at Jun. 30, 2026 $ (205,850)   $ 427   1,945,037     (450) (6,775) (2,144,089)  
Balance, shares at Jun. 30, 2026     42,616,000               32,000
Beginning balance at Mar. 31, 2026 (227,983)   $ 385   1,922,370     (437) (6,762) (2,143,539)  
Balance, shares at Mar. 31, 2026     38,522,000               32,000
Net income (loss) (567)               (17) (550)  
Other comprehensive income (loss) (13)             (13)      
Share-based compensation 6,975       6,971       4    
Shares sold at the market 14,095   $ 37   14,058            
Shares sold at the market, shares     3,649,000                
Payment of CEO payroll in shares 113       113            
Payment of CEO payroll In shares, shares     32,000                
Modification of warrants 171       171            
Issuance of shares for services 234   $ 2   232            
Issuance of shares for services, shares     56,000                
Issuance of shares in connection with debt agreement 402   $ 1   401            
Issuance of shares in connection with debt agreement, shares     113,000                
Exercise of stock options 644   $ 2   642            
Exercise of stock options, shares     226,000                
Issuance of shares for employee salaries 79       106   $ (27)        
Issuance of shares for employee salaries, shares     25,000       (7,000)        
Retirement of treasury shares related to employee withholding         (27)   $ 27        
Retirement of treasury shares related to employee withholding, share     (7,000)       7,000        
Ending balance at Jun. 30, 2026 $ (205,850)   $ 427   $ 1,945,037     $ (450) $ (6,775) $ (2,144,089)  
Balance, shares at Jun. 30, 2026     42,616,000               32,000