v3.26.1
Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)
$ in Thousands
Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
AOCI Attributable to Parent [Member]
Retained Earnings [Member]
Total
Temporary Equity [Member]
Convertible Preferred Stock [Member]
Balance at Dec. 31, 2024 $ 3 $ 1 $ 111,509 $ 44 $ (128,070) $ (16,513)
Balance, shares at Dec. 31, 2024 26,560,266 2,963,695        
Stock based compensation related to options granted to employees and non-employees 82 82
Exercise of options and vesting of early exercise [1] [1] [1]
Exercise of options and vesting of early exercise, shares   609          
Foreign currency translation adjustments, net of tax (17) (17)
Net income (2,162) (2,162)
Issuance of Series CF preferred stock [1] 2,476 2,476
Issuance of Series CF preferred stock, shares 1,033,601            
Balance at Mar. 31, 2025 $ 3 $ 1 114,067 27 (130,232) (16,134)
Balance, shares at Mar. 31, 2025 27,593,867 2,964,304        
Balance at Dec. 31, 2024 $ 3 $ 1 111,509 44 (128,070) (16,513)
Balance, shares at Dec. 31, 2024 26,560,266 2,963,695        
Net income           (5,197)  
Redemption of Series G convertible preferred stock            
Balance at Jun. 30, 2025 $ 3 $ 1 115,057 (14) (133,267) (18,220) $ 2,746
Balance, shares at Jun. 30, 2025 27,881,811 3,164,758         329,671
Balance at Mar. 31, 2025 $ 3 $ 1 114,067 27 (130,232) (16,134)
Balance, shares at Mar. 31, 2025 27,593,867 2,964,304        
Stock based compensation related to options granted to employees and non-employees 280 280
Foreign currency translation adjustments, net of tax (41) (41)
Net income (3,035) (3,035)
Issuance of common shares 433 433
Issuance of common shares, shares   203,788          
Issuance of Series CF preferred stock [1] 277 277
Issuance of Series CF preferred stock, shares 284,610            
Issuance of Series C convertible preferred stock- net of issuance costs $ 2,746
Issuance of Series C convertible preferred stock- net of issuance costs, shares             329,671
Issuance of Series F preferred stock [1] [1]
Issuance of Series F preferred stock, shares 3,334 (3,334)          
Balance at Jun. 30, 2025 $ 3 $ 1 115,057 (14) (133,267) (18,220) $ 2,746
Balance, shares at Jun. 30, 2025 27,881,811 3,164,758         329,671
Balance at Dec. 31, 2025 $ 2 $ 1 116,556 (70) (139,152) (22,663) $ 11,389
Balance, shares at Dec. 31, 2025 17,494,820 13,896,400         1,237,717
Stock based compensation related to options granted to employees and non-employees 203 203
Exercise of options and vesting of early exercise [1] [1]
Exercise of options and vesting of early exercise, shares   96          
Issuance of common shares for service [1] 2,035 2,035
Issuance of common shares for service, shares   161,963          
Issuance of common shares related to direct listing [1] [1] [1]
Issuance of common shares related to direct listing, shares   418,219          
Exercise of Common Warrants to Common Stock [1] 20 20
Exercise of Common Warrants to Common Stock, shares   4,479          
Issuance of Series D convertible preferred stock- net of issuance costs $ 2,679
Issuance of Series D convertible preferred stock- net of issuance costs, shares             324,175
Conversion of Series E Preferred Stock into Common Stock $ 1 6,828 6,829 $ (6,828)
Conversion of Series E Preferred Stock into Common Stock, shares   1,477,857         (682,770)
Exercise of Series D Common Warrants into Common Stock - net of issuance costs [1] 93 93
Exercise of Series D Common Warrants into Common Stock - net of issuance costs, shares   8,098          
Conversion of Series D Convertible Preferred Stock into Common Stock [1] 196 196 $ (196)
Conversion of Series D Convertible Preferred Stock into Common Stock, shares   19,433         (24,000)
Exercise of Series C Common Warrants into Common Stock - net of issuance costs [1] 3,121 3,121
Exercise of Series C Common Warrants into Common Stock - net of issuance costs, shares   1,033,335          
Conversion of Series C Convertible Preferred Stock into Common Stock [1] 2,309 2,309 $ (2,309)
Conversion of Series C Convertible Preferred Stock into Common Stock, shares   1,367,742         (277,171)
Conversion of B-2 Preferred Stock into Common Stock [1] [1] [1]
Conversion of B-2 Preferred Stock into Common Stock, shares (607,775) 607,775          
Conversion of B-3 Preferred Stock into Common Stock [1] [1] [1]
Conversion of B-3 Preferred Stock into Common Stock, shares (2,057,103) 2,057,102          
Common Stock Dividend [1] 85 (85) [1]
Common Stock Dividend, shares   22,109          
Direct Listing Costs (250) (250)
Cash Dividend (136) (136)
Foreign currency translation adjustments, net of tax (27) (27)
Net income (6,703) (6,703)
Conversion of promissory notes into Series G convertible preferred stock- net of issuance costs, shares             366,941
RedemptionOfSeriesGConvertiblePreferredStock, shares             (123,096)
Cash Dividend [1] (85) 85 [1]
Balance at Mar. 31, 2026 $ 2 $ 2 131,196 (97) (146,076) (14,973) $ 4,735
Balance, shares at Mar. 31, 2026 14,829,942 21,074,608         577,951
Balance at Dec. 31, 2025 $ 2 $ 1 116,556 (70) (139,152) $ (22,663) $ 11,389
Balance, shares at Dec. 31, 2025 17,494,820 13,896,400         1,237,717
Issuance of common shares for service, shares           1,018,141  
Net income           $ (11,473)  
Redemption of Series G convertible preferred stock           1,220  
Balance at Jun. 30, 2026 $ 2 $ 3 137,679 (111) (150,979) (13,406) $ 7,153
Balance, shares at Jun. 30, 2026 14,651,864 29,973,178         821,796
Balance at Mar. 31, 2026 $ 2 $ 2 131,196 (97) (146,076) (14,973) $ 4,735
Balance, shares at Mar. 31, 2026 14,829,942 21,074,608         577,951
Stock based compensation related to options granted to employees and non-employees 364 364
Issuance of common shares for service [1] 436 436
Issuance of common shares for service, shares   856,178          
Exercise of Common Warrants to Common Stock [1] 1 1
Exercise of Common Warrants to Common Stock, shares   130          
Exercise of Series D Common Warrants into Common Stock - net of issuance costs [1] 1,654 1,654
Exercise of Series D Common Warrants into Common Stock - net of issuance costs, shares   1,426,000          
Conversion of B-3 Preferred Stock into Common Stock [1] [1] [1]
Conversion of B-3 Preferred Stock into Common Stock, shares (178,078) 178,078          
Common Stock Dividend 131 131
Foreign currency translation adjustments, net of tax (14) (14)
Net income (4,772) (4,772)
Issuance of Common Stock under Equity Line of Credit - net of issuance costs $ 1 4,028 4,029
Issuance of Common Stock under Equity Line of Credit - net of issuance costs, shares   6,438,184          
Conversion of promissory notes into Series G convertible preferred stock- net of issuance costs 3,638
Conversion of promissory notes into Series G convertible preferred stock- net of issuance costs, shares            
Redemption of Series G convertible preferred stock (1,220)
Cash Dividend (131) (131)
Balance at Jun. 30, 2026 $ 2 $ 3 $ 137,679 $ (111) $ (150,979) $ (13,406) $ 7,153
Balance, shares at Jun. 30, 2026 14,651,864 29,973,178         821,796
[1] )Represents less than $1