v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (DEFICIT) - USD ($)
$ in Thousands
Total
Preferred stock series A
Preferred stock series C
Preferred Shares
Preferred stock series A
Preferred Shares
Preferred stock series C
Common Shares
Additional Paid-in Capital
Accumulated Other Comprehensive Income
Accumulated Deficit
Beginning balance, preferred shares (in shares) at Dec. 31, 2024       0 2,600        
Beginning balance, common shares (in shares) at Dec. 31, 2024           610,389      
Beginning balance at Dec. 31, 2024 $ (2,714)     $ 0 $ 0 $ 0 $ 18,761 $ 0 $ (21,475)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Stock-based compensation 456           456    
Shares issued upon vesting of restricted stock units (in shares)           4,635      
Shares issued for services (in shares)           1,692      
Shares issued for services 30           30    
Shares issued for cash (in shares)           1,650      
Net loss (1,968)               (1,968)
Ending balance, preferred shares (in shares) at Mar. 31, 2025       0 2,600        
Ending balance, common shares (in shares) at Mar. 31, 2025           618,366      
Ending balance at Mar. 31, 2025 (4,196)     $ 0 $ 0 $ 0 19,247 0 (23,443)
Beginning balance, preferred shares (in shares) at Dec. 31, 2024       0 2,600        
Beginning balance, common shares (in shares) at Dec. 31, 2024           610,389      
Beginning balance at Dec. 31, 2024 $ (2,714)     $ 0 $ 0 $ 0 18,761 0 (21,475)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Exercise of stock options (in shares) 0                
Change in fair value of convertible debt due to instrument credit risk $ 0                
Net loss (5,417)                
Ending balance, preferred shares (in shares) at Jun. 30, 2025   0   0 2,600        
Ending balance, common shares (in shares) at Jun. 30, 2025           673,320      
Ending balance at Jun. 30, 2025 (6,495)     $ 0 $ 0 $ 0 20,397 0 (26,892)
Beginning balance, preferred shares (in shares) at Mar. 31, 2025       0 2,600        
Beginning balance, common shares (in shares) at Mar. 31, 2025           618,366      
Beginning balance at Mar. 31, 2025 (4,196)     $ 0 $ 0 $ 0 19,247 0 (23,443)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Stock-based compensation 394           394    
Shares issued upon vesting of restricted stock units (in shares)           4,635      
Shares issued for services (in shares)           1,389      
Shares issued for services 19           19    
Stock split (in shares)           (8)      
Shares issued for conversion of notes & conversion of preferred A shares (in shares)           48,938      
Shares issued for conversion of notes 737           737    
Change in fair value of convertible debt due to instrument credit risk 0                
Net loss (3,449)               (3,449)
Ending balance, preferred shares (in shares) at Jun. 30, 2025   0   0 2,600        
Ending balance, common shares (in shares) at Jun. 30, 2025           673,320      
Ending balance at Jun. 30, 2025 $ (6,495)     $ 0 $ 0 $ 0 20,397 0 (26,892)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Shares issued for conversion of notes & conversion of preferred A shares (in shares)   23,810       2,381,000      
Ending balance, preferred shares (in shares) at Jul. 01, 2025   57,568              
Beginning balance, preferred shares (in shares) at Dec. 31, 2025   56,418 2,600 56,418 2,600        
Beginning balance, common shares (in shares) at Dec. 31, 2025 3,234,423         3,234,423      
Beginning balance at Dec. 31, 2025 $ 38,881     $ 0 $ 0 $ 0 103,675 0 (64,794)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Stock-based compensation 1,908           1,908    
Shares issued upon vesting of restricted stock units (in shares)           15,488      
Warrants issued for venture loan and security agreement 1,362           1,362    
Shares issued for conversion of notes & conversion of preferred A shares (in shares)       (1,200)   120,000      
Change in fair value of convertible debt due to instrument credit risk 2,188             2,188  
Net loss (25,073)               (25,073)
Ending balance, preferred shares (in shares) at Mar. 31, 2026       55,218 2,600        
Ending balance, common shares (in shares) at Mar. 31, 2026           3,369,911      
Ending balance at Mar. 31, 2026 $ 19,266     $ 0 $ 0 $ 0 106,945 2,188 (89,867)
Beginning balance, preferred shares (in shares) at Dec. 31, 2025   56,418 2,600 56,418 2,600        
Beginning balance, common shares (in shares) at Dec. 31, 2025 3,234,423         3,234,423      
Beginning balance at Dec. 31, 2025 $ 38,881     $ 0 $ 0 $ 0 103,675 0 (64,794)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Exercise of stock options (in shares) 9,000                
Change in fair value of convertible debt due to instrument credit risk $ 2,078                
Net loss $ (48,490)                
Ending balance, preferred shares (in shares) at Jun. 30, 2026   52,128 2,600 52,128 2,600        
Ending balance, common shares (in shares) at Jun. 30, 2026 3,718,624         3,718,624      
Ending balance at Jun. 30, 2026 $ (1,501)     $ 0 $ 0 $ 0 109,705 2,078 (113,284)
Beginning balance, preferred shares (in shares) at Mar. 31, 2026       55,218 2,600        
Beginning balance, common shares (in shares) at Mar. 31, 2026           3,369,911      
Beginning balance at Mar. 31, 2026 19,266     $ 0 $ 0 $ 0 106,945 2,188 (89,867)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Stock-based compensation 2,760           2,760    
Shares issued upon vesting of restricted stock units (in shares)           35,007      
Exercise of stock options (in shares)           4,706      
Shares issued for conversion of notes & conversion of preferred A shares (in shares)       (3,090)   309,000      
Change in fair value of convertible debt due to instrument credit risk (110)             (110)  
Net loss $ (23,417)               (23,417)
Ending balance, preferred shares (in shares) at Jun. 30, 2026   52,128 2,600 52,128 2,600        
Ending balance, common shares (in shares) at Jun. 30, 2026 3,718,624         3,718,624      
Ending balance at Jun. 30, 2026 $ (1,501)     $ 0 $ 0 $ 0 $ 109,705 $ 2,078 $ (113,284)