v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT) - USD ($)
$ in Thousands
Common Stock
Preferred Stock
Additional Paid-in Capital
Accumulated Deficit
Total
Balance at the beginning period at Dec. 31, 2024 $ 93   $ 143,489 $ (80,817) $ 62,765
Beginning balance (in shares) at Dec. 31, 2024 33,667,132 6      
Net Loss       (4,221) (4,221)
Stock-Based Compensation     531   531
Stock-Based Compensation (in shares) 43,595        
Balance at the ending period at Mar. 31, 2025 $ 93   144,020 (85,038) 59,075
Ending balance (in shares) at Mar. 31, 2025 33,710,727 6      
Balance at the beginning period at Dec. 31, 2024 $ 93   143,489 (80,817) 62,765
Beginning balance (in shares) at Dec. 31, 2024 33,667,132 6      
Net Loss         (9,277)
Balance at the ending period at Jun. 30, 2025 $ 93   144,506 (90,094) 54,505
Ending balance (in shares) at Jun. 30, 2025 33,756,595 6      
Balance at the beginning period at Mar. 31, 2025 $ 93   144,020 (85,038) 59,075
Beginning balance (in shares) at Mar. 31, 2025 33,710,727 6      
Net Loss       (5,056) (5,056)
Stock-Based Compensation     486   486
Stock-Based Compensation (in shares) 45,868        
Balance at the ending period at Jun. 30, 2025 $ 93   144,506 (90,094) 54,505
Ending balance (in shares) at Jun. 30, 2025 33,756,595 6      
Balance at the beginning period at Dec. 31, 2025 $ 94   148,191 (152,891) (4,606)
Beginning balance (in shares) at Dec. 31, 2025 34,855,815 6      
Net Loss       (6,642) (6,642)
Shares Issued for Louisiana Development Project (Note 3) $ 1   1,799   1,800
Shares Issued for Louisiana Development Project (Note 3) (in shares) 562,500        
Conversion of Convertible Debt to Shares (Note 8) $ 1   2,999   3,000
Conversion of Convertible Debt to Shares (Note 8) (in shares) 1,003,344        
Rights Offering (Note 10) $ 3   9,945   9,948
Rights Offering (Note 10) (in shares) 3,344,152        
Stock-Based Compensation     189   189
Stock-Based Compensation (in shares) 10,493        
Balance at the ending period at Mar. 31, 2026 $ 99   163,123 (159,533) 3,689
Ending balance (in shares) at Mar. 31, 2026 39,776,304 6      
Balance at the beginning period at Dec. 31, 2025 $ 94   148,191 (152,891) (4,606)
Beginning balance (in shares) at Dec. 31, 2025 34,855,815 6      
Net Loss         (8,500)
Balance at the ending period at Jun. 30, 2026 $ 101   168,606 (161,391) 7,316
Ending balance (in shares) at Jun. 30, 2026 41,556,741 6      
Balance at the beginning period at Mar. 31, 2026 $ 99   163,123 (159,533) 3,689
Beginning balance (in shares) at Mar. 31, 2026 39,776,304 6      
Net Loss       (1,858) (1,858)
Shares Issued for Louisiana Development Project (Note 3) $ 2   5,275   5,277
Shares Issued for Louisiana Development Project (Note 3) (in shares) 1,759,000        
Stock-Based Compensation     208   208
Stock-Based Compensation (in shares) 21,437        
Balance at the ending period at Jun. 30, 2026 $ 101   $ 168,606 $ (161,391) $ 7,316
Ending balance (in shares) at Jun. 30, 2026 41,556,741 6