v3.26.1
Condensed Consolidated Statements of Temporary Equity and Stockholders' Equity (Deficit) (Unaudited) - USD ($)
$ in Thousands
Temporary Equity Preferred Stock [Member]
Class A Common Stock [Member]
Class B Common Stock [Member]
Permanent Equity Preferred Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
AOCI Attributable to Parent [Member]
Parent [Member]
Total
Beginning balance, value at Dec. 31, 2024 $ 0 $ 1 $ 0 $ 0 $ 40,351 $ (40,856) $ 0 $ (504) $ (504)
Beginning balance, shares at Dec. 31, 2024 0 467,351 19,034 0          
Issuance of Preferred Stock, net of embedded derivative bifurcation $ 7,706 (83) (83) 7,623
Issuance of Preferred Stock, net of embedded derivative bifurcation, shares 10,800 24,000              
Conversion of Preferred Stock to Class A common stock $ (1,784) 2,407 2,407 623
Conversion of Preferred Stock to Class A common stock, shares (2,515) 10,349              
Preferred stock deemed dividends and accretion $ 301 (384) (384) (83)
Stock-based compensation 627 627 627
Common stock activity
Common stock activity, net, shares   12,424 (2,778)            
Issuance costs (1,474) (1,474) (1,474)
Net loss (2,015) (2,015) (2,015)
Ending balance, value at Mar. 31, 2025 $ 6,223 $ 1 $ 0 $ 0 41,828 (43,255) 0 (1,426) 4,797
Ending balance, shares at Mar. 31, 2025 8,285 514,124 16,256 0          
Beginning balance, value at Dec. 31, 2024 $ 0 $ 1 $ 0 $ 0 40,351 (40,856) 0 (504) (504)
Beginning balance, shares at Dec. 31, 2024 0 467,351 19,034 0          
Foreign currency translation adjustment                 0
Net loss                 (4,201)
Ending balance, value at Jun. 30, 2025 $ 5,239 $ 2 $ 0 $ 0 47,229 (46,605) 0 626 5,865
Ending balance, shares at Jun. 30, 2025 6,687 581,411 4,913 0          
Beginning balance, value at Mar. 31, 2025 $ 6,223 $ 1 $ 0 $ 0 41,828 (43,255) 0 (1,426) 4,797
Beginning balance, shares at Mar. 31, 2025 8,285 514,124 16,256 0          
Issuance of Preferred Stock, net of embedded derivative bifurcation $ 2,304 83 83 2,387
Issuance of Preferred Stock, net of embedded derivative bifurcation, shares 3,082                
Conversion of Preferred Stock to Class A common stock $ (4,249) $ 1 5,186 5,187 938
Conversion of Preferred Stock to Class A common stock, shares (4,680) 54,397              
Preferred stock deemed dividends and accretion $ 961 (1,163) (1,163) (202)
Stock-based compensation 556 556 556
Common stock activity
Common stock activity, net, shares   12,890 (11,343)            
Issuance costs (424) (424) (424)
Foreign currency translation adjustment                 0
Net loss (2,186) (2,186) (2,186)
Ending balance, value at Jun. 30, 2025 $ 5,239 $ 2 $ 0 $ 0 47,229 (46,605) 0 626 5,865
Ending balance, shares at Jun. 30, 2025 6,687 581,411 4,913 0          
Beginning balance, value at Dec. 31, 2025 $ 4,187 $ 3 $ 0 $ 0 53,987 (50,586) (2) 3,402 7,589
Beginning balance, shares at Dec. 31, 2025 5,166 796,859 190 0          
Issuance of Preferred Stock, net of embedded derivative bifurcation $ 63 63
Issuance of Preferred Stock, net of embedded derivative bifurcation, shares 75                
Conversion of Preferred Stock to Class A common stock $ (311) 388 388 77
Conversion of Preferred Stock to Class A common stock, shares (280) 18,221              
Preferred stock deemed dividends and accretion $ 261 54 (449) (395) (134)
Stock-based compensation 414 414 414
Common stock activity 10 10 10
Common stock activity, net, shares   11,125              
Issuance costs (140) (140) (140)
Foreign currency translation adjustment (3) (3) (3)
Net loss (2,774) (2,774) (2,774)
Ending balance, value at Mar. 31, 2026 $ 4,200 $ 3 $ 0 $ 0 54,714 (53,808) (5) 904 5,104
Ending balance, shares at Mar. 31, 2026 4,961 826,205 190 0          
Beginning balance, value at Dec. 31, 2025 $ 4,187 $ 3 $ 0 $ 0 53,987 (50,586) (2) 3,402 7,589
Beginning balance, shares at Dec. 31, 2025 5,166 796,859 190 0          
Foreign currency translation adjustment                 (8)
Net loss                 (4,505)
Ending balance, value at Jun. 30, 2026 $ 0 $ 3 $ 0 $ 0 59,318 (55,794) (10) 3,517 3,517
Ending balance, shares at Jun. 30, 2026 0 832,872 190 3,911          
Beginning balance, value at Mar. 31, 2026 $ 4,200 $ 3 $ 0 $ 0 54,714 (53,808) (5) 904 5,104
Beginning balance, shares at Mar. 31, 2026 4,961 826,205 190 0          
Issuance of Preferred Stock, net of embedded derivative bifurcation $ 116 120 (255) (135) (19)
Issuance of Preferred Stock, net of embedded derivative bifurcation, shares 120                
Stock-based compensation 376 376 376
Common stock activity 5 5 5
Common stock activity, net, shares   6,667              
Issuance costs (5) (5) (5)
Foreign currency translation adjustment (5) (5) (5)
Net loss (1,731) (1,731) (1,731)
Derecognition of embedded derivative liability on amendment 1,092 1,092
Extinguishment of Preferred Stock for promissory note $ (1,300) (1,300)
Extinguishment of Preferred Stock for promissory note, shares (1,170)                
Reclassification of Preferred Stock to permanent equity $ (4,108) 4,108 4,108
Reclassification of Preferred Stock to permanent equity, shares (3,911)     3,911          
Ending balance, value at Jun. 30, 2026 $ 0 $ 3 $ 0 $ 0 $ 59,318 $ (55,794) $ (10) $ 3,517 $ 3,517
Ending balance, shares at Jun. 30, 2026 0 832,872 190 3,911