v3.26.1
Condensed Consolidated Statements of Changes in Stockholders' Deficit (Unaudited) - USD ($)
$ in Thousands
Common Stock [Member]
Treasury Stock, Common [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Total
Balance at Dec. 31, 2024 $ 2 $ (529) $ 86,146 $ (101,569) $ (15,950)
Balance, shares at Dec. 31, 2024 28,175,172        
Balance treasury, shares at Dec. 31, 2024   (187,745)      
Stock-based compensation expense 208 208
Net (loss) income (1,902) (1,902)
Issuance of common stock in connection with private placement
Issuance of common stock in connection with private placement, shares 1,473,696        
Partial conversion of Yorkville Note 1,094 1,094
Partial conversion of Yorkville Note, shares 1,111,708        
Balance at Mar. 31, 2025 $ 2 $ (529) 87,448 (103,471) (16,550)
Balance, shares at Mar. 31, 2025 30,760,576        
Balance treasury, shares at Mar. 31, 2025   (187,745)      
Balance at Dec. 31, 2024 $ 2 $ (529) 86,146 (101,569) (15,950)
Balance, shares at Dec. 31, 2024 28,175,172        
Balance treasury, shares at Dec. 31, 2024   (187,745)      
Net (loss) income         1,080
Balance at Jun. 30, 2025 $ 2 $ (529) 97,176 (100,489) (3,840)
Balance, shares at Jun. 30, 2025 46,283,392        
Balance treasury, shares at Jun. 30, 2025   (187,745)      
Balance at Mar. 31, 2025 $ 2 $ (529) 87,448 (103,471) (16,550)
Balance, shares at Mar. 31, 2025 30,760,576        
Balance treasury, shares at Mar. 31, 2025   (187,745)      
Issuance of common stock in connection with subscription agreements with related parties 1,197 1,197
Issuance of common stock in connection with subscription agreements with related parties, shares 2,857,142        
Stock-based compensation expense 197 197
Net (loss) income 2,982 2,982
Issuance of common stock upon partial conversion of Yorkville Note 298 298
Issuance of common stock upon partial conversions of Yorkville Note, shares 754,854        
Issuance of common stock in connection with private placement 2,497 2,497
Issuance of common stock in connection with private placement, shares 3,390,923        
Issuance of common stock in connection with settlement of vendor payable 111 111
Issuance of common stock in connection with settlement of vendor payable, shares 250,000        
Issuance of common stock upon conversion of loans with related parties 2,334 2,334
Issuance of common stock upon conversions of loans with related parties, shares 3,166,475        
Issuance of common stock upon conversion of PIPE Notes 510 510
Issuance of common stock upon conversion of PIPE Notes, shares 1,453,174        
Issuance of common stock upon conversion of loan extensions with related parties 2,584 2,584
Issuance of common stock upon conversion of loan extensions with related parties, shares 3,650,248        
Balance at Jun. 30, 2025 $ 2 $ (529) 97,176 (100,489) (3,840)
Balance, shares at Jun. 30, 2025 46,283,392        
Balance treasury, shares at Jun. 30, 2025   (187,745)      
Balance at Dec. 31, 2025 $ 5 $ (529) 101,929 (104,370) $ (2,965)
Balance, shares at Dec. 31, 2025 51,984,473        
Balance treasury, shares at Dec. 31, 2025   (187,745)     187,745
Issuance of common stock in connection with 2024 SEPA 408 $ 408
Issuance of common stock in connection with 2024 SEPA, shares 400,000        
Issuance of common stock in connection with subscription agreements with related parties 500 500
Issuance of common stock in connection with subscription agreements with related parties, shares 595,238        
Stock-based compensation expense 431 431
Net (loss) income (2,453) (2,453)
Balance at Mar. 31, 2026 $ 5 $ (529) 103,268 (106,823) (4,079)
Balance, shares at Mar. 31, 2026 52,979,711        
Balance treasury, shares at Mar. 31, 2026   (187,745)      
Balance at Dec. 31, 2025 $ 5 $ (529) 101,929 (104,370) $ (2,965)
Balance, shares at Dec. 31, 2025 51,984,473        
Balance treasury, shares at Dec. 31, 2025   (187,745)     187,745
Net (loss) income         $ (4,625)
Balance at Jun. 30, 2026 $ 5 $ (529) 106,001 (108,995) $ (3,518)
Balance, shares at Jun. 30, 2026 57,909,088        
Balance treasury, shares at Jun. 30, 2026   (187,745)     187,745
Balance at Mar. 31, 2026 $ 5 $ (529) 103,268 (106,823) $ (4,079)
Balance, shares at Mar. 31, 2026 52,979,711        
Balance treasury, shares at Mar. 31, 2026   (187,745)      
Issuance of common stock in connection with 2024 SEPA 495 495
Issuance of common stock in connection with 2024 SEPA, shares 953,862        
Issuance of common stock in connection with subscription agreements with related parties 1,550 1,550
Issuance of common stock in connection with subscription agreements with related parties, shares 1,943,203        
Stock-based compensation expense 463 463
Net (loss) income (2,172) (2,172)
Issuance of common stock upon partial conversion of Yorkville Note 182 182
Issuance of common stock upon partial conversions of Yorkville Note, shares 219,429        
Issuance of common stock in connection with exercise of pre-funded warrants
Issuance of common stock in connection with exercises of pre-funded warrants, shares 677,539        
Issuance of common stock in connection with exercise of warrants 43 43
Issuance of common stock in connection with exercise of warrants, shares 133,095        
Vesting of restricted stock units
Vesting of restricted stock units, shares 1,002,249        
Balance at Jun. 30, 2026 $ 5 $ (529) $ 106,001 $ (108,995) $ (3,518)
Balance, shares at Jun. 30, 2026 57,909,088        
Balance treasury, shares at Jun. 30, 2026   (187,745)     187,745