v3.26.1
Nature of Business and Basis of Presentation (Tables)
6 Months Ended
Jun. 30, 2026
Nature of Business and Basis of Presentation [Abstract]  
Inventories
Inventories consisted of the following:
 
         
(in thousands)
 
June 30,
2026
   
December 31,
2025
 
Finished Goods
 $511   $445 
Work in Process
  108    88 
Raw Materials
  1,209    1,457 
Inventory Reserves
  (86   (80
Total
 $1,742   $1,910 
Potential Shares of Common Stock not Included in Diluted Net Loss Per Share
The following table sets forth the potential shares of common stock that are not included in the calculation of diluted net loss per share because to do so would be anti-dilutive as of the end of each period presented:
 
         
   
June 30
 
   
2026
   
2025
 
Stock options
  1,722    125 
Warrants to purchase common stock
  2,514,009    49,316 
Series F convertible preferred stock
  2,592    306 
Series F-1 convertible preferred stock
  3,264    386 
Series J convertible preferred stock
  3    2 
Total
  2,521,590    50,135 
Reconciliation of Reported Net Loss with Reported Net Loss Per Share
The following table reconciles reported net loss with reported net loss per share for each of the three and six months ended:
 
                 
   
Three months ended
June 30
   
Six months ended
June 30
 
   
2026
   
2025
   
2026
   
2025
 
(in thousands, except per share amounts)
                   
Net loss
 $(4,828  $(12,553  $(9,369  $(15,567
Deemed dividend attributable to Series J Convertible Preferred Stock
  1    1    3    2 
Net loss attributable to common shareholders
 $(4,827  $(12,552  $(9,366  $(15,565
Weighted average shares outstanding
  181,243    5,881    120,263    4,428 
Basic and diluted loss per share
 $(27  $(2,134  $(78  $(3,515