v3.26.1
Statements of Stockholders' Equity (Unaudited) - USD ($)
$ in Thousands
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Total
Beginning balance, value at Dec. 31, 2024 $ 0 $ 90,601 $ (84,424) $ 6,177
Beginning balance, shares at Dec. 31, 2024 117,796      
Common stock issued for cash, net 9,033 9,033
Stock repurchase during stock split rounding (1) (1)
Stock repurchase during stock split rounding, shares (13)      
Common stock issued for cash, net, shares 127,582      
Stock-based compensation 62 62
Net loss (4,301) (4,301)
Ending balance, value at Mar. 31, 2025 $ 0 99,695 (88,725) 10,970
Ending balance, shares at Mar. 31, 2025 245,365      
Beginning balance, value at Dec. 31, 2024 $ 0 90,601 (84,424) 6,177
Beginning balance, shares at Dec. 31, 2024 117,796      
Net loss       (6,676)
Ending balance, value at Jun. 30, 2025 $ 0 104,225 (91,100) 13,125
Ending balance, shares at Jun. 30, 2025 504,413      
Beginning balance, value at Mar. 31, 2025 $ 0 99,695 (88,725) 10,970
Beginning balance, shares at Mar. 31, 2025 245,365      
Common stock issued for cash, net 4,505 4,505
Common stock issued for cash, net, shares 27,084      
Stock issued for warrants exercised 3 3
Stock issued for warrants exercised, shares 231,964      
Stock-based compensation 22 22
Net loss (2,375) (2,375)
Ending balance, value at Jun. 30, 2025 $ 0 104,225 (91,100) 13,125
Ending balance, shares at Jun. 30, 2025 504,413      
Beginning balance, value at Dec. 31, 2025 $ 1 104,797 (100,275) 4,523
Beginning balance, shares at Dec. 31, 2025 632,516      
Common stock issued for cash, net 482 482
Common stock issued for cash, net, shares 178,933      
Stock-based compensation 3 3
Net loss (4,937) (4,937)
Ending balance, value at Mar. 31, 2026 $ 1 105,282 (105,212) 71
Ending balance, shares at Mar. 31, 2026 811,449      
Beginning balance, value at Dec. 31, 2025 $ 1 104,797 (100,275) 4,523
Beginning balance, shares at Dec. 31, 2025 632,516      
Net loss       (7,525)
Ending balance, value at Jun. 30, 2026 $ 2 125,998 (107,800) 18,200
Ending balance, shares at Jun. 30, 2026 1,461,449      
Beginning balance, value at Mar. 31, 2026 $ 1 105,282 (105,212) 71
Beginning balance, shares at Mar. 31, 2026 811,449      
Issuance of common stock and pre-funded warrants, net of offering costs $ 1 20,714 20,715
Issuance of common stock and pre-funded warrants, net of offering costs, shares 650,000      
Stock-based compensation 2 2
Net loss (2,588) (2,588)
Ending balance, value at Jun. 30, 2026 $ 2 $ 125,998 $ (107,800) $ 18,200
Ending balance, shares at Jun. 30, 2026 1,461,449