v3.26.1
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
Total
Series A Preferred Stock
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Balance, shares at Dec. 31, 2024     4,474,765    
Balance, amount at Dec. 31, 2024 $ 115,604 $ 0 $ 4 $ 227,098 $ (111,498)
Issuance of restricted common stock, shares     92,205    
Issuance of restricted common stock, amount 0 0 $ 1 (1) 0
Stock-based compensation 475 0 0 475 0
Net income (loss) 140 0 $ 0 0 140
Balance, shares at Mar. 31, 2025     4,566,970    
Balance, amount at Mar. 31, 2025 116,219 0 $ 5 227,572 (111,358)
Balance, shares at Dec. 31, 2024     4,474,765    
Balance, amount at Dec. 31, 2024 115,604 0 $ 4 227,098 (111,498)
Net income (loss) (1,536)        
Balance, shares at Jun. 30, 2025     4,591,468    
Balance, amount at Jun. 30, 2025 115,156 0 $ 6 228,184 (113,034)
Balance, shares at Mar. 31, 2025     4,566,970    
Balance, amount at Mar. 31, 2025 116,219 0 $ 5 227,572 (111,358)
Issuance of restricted common stock, shares     24,498    
Issuance of restricted common stock, amount 139 0 $ 1 138  
Stock-based compensation 474 0   474  
Net income (loss) (1,676) 0     (1,676)
Balance, shares at Jun. 30, 2025     4,591,468    
Balance, amount at Jun. 30, 2025 115,156 $ 0 $ 6 228,184 (113,034)
Balance, shares at Dec. 31, 2025   17,013,637 4,797,239    
Balance, amount at Dec. 31, 2025 207,364 $ 17,014 $ 5 312,205 (121,860)
Issuance of restricted common stock, shares     10,949    
Issuance of restricted common stock, amount 0 0 $ 0 0 0
Stock-based compensation 492 0 0 492 0
Net income (loss) (25,627) 0 $ 0 0 (25,627)
Restricted common stock surrendered for tax withholding, shares     (14,192)    
Restricted common stock surrendered for tax withholding, amount 0 $ 0 $ 0 0 0
Preferred conversion, shares   (17,013,637) 8,506,818    
Preferred conversion, amount 0 $ (17,014) $ 8 17,006 0
Reduction for fractional shares in reverse stock split, shares     (193)    
Reduction for fractional shares in reverse stock split, amount (44) 0 $ 0 (44) 0
Balance, shares at Mar. 31, 2026     13,300,621    
Balance, amount at Mar. 31, 2026 182,185 $ 0 $ 13 329,659 (147,487)
Balance, shares at Dec. 31, 2025   17,013,637 4,797,239    
Balance, amount at Dec. 31, 2025 207,364 $ 17,014 $ 5 312,205 (121,860)
Net income (loss) (8,173)        
Balance, shares at Jun. 30, 2026     13,290,902    
Balance, amount at Jun. 30, 2026 200,051 0 $ 13 330,071 (130,033)
Balance, shares at Mar. 31, 2026     13,300,621    
Balance, amount at Mar. 31, 2026 182,185 0 $ 13 329,659 (147,487)
Issuance of restricted common stock, shares     782    
Issuance of restricted common stock, amount 0       0
Stock-based compensation 412 0 $ 0 412 0
Net income (loss) 17,454 0 $ 0 0 17,454
Restricted common stock forfeitures, shares     (10,501)    
Restricted common stock forfeitures, amount 0       0
Balance, shares at Jun. 30, 2026     13,290,902    
Balance, amount at Jun. 30, 2026 $ 200,051 $ 0 $ 13 $ 330,071 $ (130,033)