v3.26.1
CONDENSED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT) - USD ($)
$ in Thousands
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Total
Beginning balance at Dec. 31, 2024 $ 1 $ 399,362 $ (400,440) $ (1,077)
Beginning balance (in shares) at Dec. 31, 2024 452,533      
Stock-based compensation - RSUs   111   111
Issuance of shares for RSUs (in shares) 1,315      
Shares issued to vendor for services   25   25
Shares issued to vendor for services (in shares) 2,500      
Issuance of shares in an at-the-market ("ATM") placement, net of issuance costs   13,803   13,803
Issuance of shares in an at-the-market ("ATM") placement, net of issuance costs (in shares) 623,440      
Net loss     (3,366) (3,366)
Ending balance at Mar. 31, 2025 $ 1 413,301 (403,806) 9,496
Ending balance (in shares) at Mar. 31, 2025 1,079,788      
Beginning balance at Dec. 31, 2024 $ 1 399,362 (400,440) (1,077)
Beginning balance (in shares) at Dec. 31, 2024 452,533      
Net loss       (6,154)
Ending balance at Jun. 30, 2025 $ 1 415,367 (406,594) 8,774
Ending balance (in shares) at Jun. 30, 2025 1,308,685      
Beginning balance at Mar. 31, 2025 $ 1 413,301 (403,806) 9,496
Beginning balance (in shares) at Mar. 31, 2025 1,079,788      
Stock-based compensation - RSUs   97   97
Issuance of shares for RSUs (in shares) 2,451      
Issuance of shares in an at-the-market ("ATM") placement, net of issuance costs   1,969   1,969
Issuance of shares in an at-the-market ("ATM") placement, net of issuance costs (in shares) 226,446      
Net loss     (2,788) (2,788)
Ending balance at Jun. 30, 2025 $ 1 415,367 (406,594) 8,774
Ending balance (in shares) at Jun. 30, 2025 1,308,685      
Beginning balance at Dec. 31, 2025 $ 1 422,530 (410,033) 12,498 [1]
Beginning balance (in shares) at Dec. 31, 2025 2,200,240      
Stock-based compensation - RSUs   50   50
Issuance of shares for RSUs (in shares) 1,131      
Issuance of shares in an at-the-market ("ATM") placement, net of issuance costs   31,867   31,867
Issuance of shares in an at-the-market ("ATM") placement, net of issuance costs (in shares) 3,299,728      
Net loss     (1,656) (1,656)
Ending balance at Mar. 31, 2026 $ 1 454,447 (411,689) 42,759
Ending balance (in shares) at Mar. 31, 2026 5,501,099      
Beginning balance at Dec. 31, 2025 $ 1 422,530 (410,033) 12,498 [1]
Beginning balance (in shares) at Dec. 31, 2025 2,200,240      
Net loss       (4,567)
Ending balance at Jun. 30, 2026 $ 1 454,692 (414,600) 40,093
Ending balance (in shares) at Jun. 30, 2026 5,527,071      
Beginning balance at Mar. 31, 2026 $ 1 454,447 (411,689) 42,759
Beginning balance (in shares) at Mar. 31, 2026 5,501,099      
Stock-based compensation - RSUs   62   62
Issuance of shares for RSUs (in shares) 2,041      
Warrants exercised   237   237
Warrants exercised (in shares) 23,931      
Issuance costs from ATM   (54)   (54)
Net loss     (2,911) (2,911)
Ending balance at Jun. 30, 2026 $ 1 $ 454,692 $ (414,600) $ 40,093
Ending balance (in shares) at Jun. 30, 2026 5,527,071      
[1] The condensed balance sheet as of December 31, 2025 was derived from the audited balance sheet as of that date.