v3.26.1
Liquidated Damages Payable
 6 Months Ended
Jun. 30, 2026
Liquidated Damages Payable [Abstract]  
Liquidated Damages Payable Liquidated Damages Payable
Liquidated damages were recorded as a result of the following: (i) certain registration rights agreements that provide for damages if the Company does not register certain shares of the Company’s common stock within the requisite time frame (the “Registration Rights Damages”); and (ii) certain securities purchase agreements that provide for damages if the Company does not maintain its periodic filings with the SEC within the requisite time frame (the “Public Information Failure Damages”).
Obligations with respect to the liquidated damages payable are summarized as follows:
As of June 30, 2026
Registration Rights DamagesPublic Information Failure DamagesAccrued InterestBalance
MDB common stock to be issued (1)$15 $— $— $15 
Series H convertible preferred stock567 574 1,000 2,141 
Convertible debentures (2)— 144 115 259 
Series J convertible preferred stock (2)152 152 219 523 
Series K convertible preferred stock (2)166 70 512 748 
Total$900 $940 $1,846 $3,686 
As of December 31, 2025
Registration Rights DamagesPublic Information Failure DamagesAccrued InterestBalance
MDB common stock to be issued (1)$15 $— $— $15 
Series H convertible preferred stock567 574 933 2,074 
Convertible debentures (2)— 144 106 250 
Series J convertible preferred stock (2)152 152 201 505 
Series K convertible preferred stock (2)166 70 455 691 
Total$900 $940 $1,695 $3,535 
(1)Consists of shares of common stock issuable to MDB Capital Group, LLC (“MDB”).
(2)Represents previously issued and converted debt or equity securities.
As of June 30, 2026 and December 31, 2025, the short-term liquidated damages payable were $3,686 and $3,535, respectively. The Company will continue to accrue interest on the liquidated damages balance at 1.0% per month based on the balance outstanding as of June 30, 2026, or $3,686, until paid. There is no scheduled date when the unpaid liquidated damages become due.
During the three months ended June 30, 2026 and 2025, the Company recorded accrued interest on liquidated damages of $76 in each period. During the six months ended June 30, 2026 and 2025, the Company recorded accrued interest on liquidated damages of $151 in each period.