v3.26.1
Condensed Consolidated Statements of Convertible Preferred Stock and Stockholders’ Deficit (Unaudited) - USD ($)
$ in Thousands
Series A Convertible
Preferred Stock
Series B Convertible
Preferred Stock
Series C/C-1 Convertible
Preferred Stock
Common stock
Additional Paid-In Capital
Accumulated Deficit
Total
Balance at Dec. 31, 2024 $ 5,231 $ 13,701 $ 46,217 $ 5,753 $ (124,958) $ (119,205)
Balance (in Shares) at Dec. 31, 2024 4,350,314 5,293,175 8,220,445 258      
Stock-based compensation expense 5 5
Net loss (2,716) (2,716)
Balance at Mar. 31, 2025 $ 5,231 $ 13,701 $ 46,217 5,758 (127,674) (121,916)
Balance (in Shares) at Mar. 31, 2025 4,350,314 5,293,175 8,220,445 258      
Balance at Dec. 31, 2024 $ 5,231 $ 13,701 $ 46,217 5,753 (124,958) (119,205)
Balance (in Shares) at Dec. 31, 2024 4,350,314 5,293,175 8,220,445 258      
Net loss             (5,064)
Balance at Jun. 30, 2025 $ 5,231 $ 13,701 $ 46,217 5,840 (130,022) (124,182)
Balance (in Shares) at Jun. 30, 2025 4,350,314 5,293,175 8,220,445 258      
Balance at Dec. 31, 2024 $ 5,231 $ 13,701 $ 46,217 5,753 (124,958) (119,205)
Balance (in Shares) at Dec. 31, 2024 4,350,314 5,293,175 8,220,445 258      
Balance at Dec. 31, 2025 134,123 (160,781) (26,658)
Balance (in Shares) at Dec. 31, 2025 12,320      
Balance at Mar. 31, 2025 $ 5,231 $ 13,701 $ 46,217 5,758 (127,674) (121,916)
Balance (in Shares) at Mar. 31, 2025 4,350,314 5,293,175 8,220,445 258      
Stock-based compensation expense 82 82
Net loss (2,348) (2,348)
Balance at Jun. 30, 2025 $ 5,231 $ 13,701 $ 46,217 5,840 (130,022) (124,182)
Balance (in Shares) at Jun. 30, 2025 4,350,314 5,293,175 8,220,445 258      
Balance at Dec. 31, 2025 134,123 (160,781) (26,658)
Balance (in Shares) at Dec. 31, 2025 12,320      
Issuance of shares in connection with exercise of ELOC 469 469
Issuance of shares in connection with exercise of ELOC (in shares)       3,214      
Issuance of shares in connection with the conversion of the PIPE note 1,260 1,260
Issuance of shares in connection with the conversion of the PIPE note (in Shares)       8,266      
Stock-based compensation expense 187 187
Net loss (3,456) (3,456)
Balance at Mar. 31, 2026 136,039 (164,237) (28,198)
Balance (in Shares) at Mar. 31, 2026 23,800      
Balance at Dec. 31, 2025 134,123 (160,781) (26,658)
Balance (in Shares) at Dec. 31, 2025 12,320      
Net loss             (12,211)
Balance at Jun. 30, 2026 145,865 (172,992) (27,127)
Balance (in Shares) at Jun. 30, 2026 132,308      
Balance at Mar. 31, 2026 136,039 (164,237) (28,198)
Balance (in Shares) at Mar. 31, 2026 23,800      
Issuance of shares in connection with exercise of ELOC 2,471 2,471
Issuance of shares in connection with exercise of ELOC (in shares)       89,806      
Issuance of shares in connection with the conversion of the PIPE note 3,460 3,460
Issuance of shares in connection with the conversion of the PIPE note (in Shares)       18,702      
Issuance of warrants in connection with PIPE notes 1,798 1,798
Reversal of excise tax payable attributable to redemption of common stock 1,909 1,909
Stock-based compensation expense 188 188
Net loss (8,755) (8,755)
Balance at Jun. 30, 2026 $ 145,865 $ (172,992) $ (27,127)
Balance (in Shares) at Jun. 30, 2026 132,308