Summary of Significant Accounting Policies (Tables)
|
6 Months Ended |
12 Months Ended |
Jun. 30, 2026 |
Dec. 31, 2025 |
| Summary Of Significant Accounting Policies |
|
|
| Summary of Changes in Allowance for Credit Losses |
The
following table presents changes in the allowance for credit losses for the six months ended June 30, 2026:
Summary of Changes in Allowance for Credit Losses
| | |
| | |
| Balance at December 31, 2025 | |
$ | 41 | |
| Change in provision for
credit losses | |
| (35 | ) |
| Balance at June 30, 2026 | |
$ | 6 | |
|
The
following table presents changes in the allowance for credit losses for the year ended December 31, 2025:
Summary of Changes in Allowance for Credit Losses
| |
|
| | |
| Balance - December 31, 2024 |
|
$ | 24,210 | |
| Change in provision for
credit losses |
|
| 17,131 | |
| Balance - December 31, 2025 |
|
$ | 41,341 | |
|
| Schedule of Basic and Diluted Net Loss Per Share |
The
calculation of basic and diluted net loss per share attributable to common stock was as follows:
Schedule of Basic and Diluted Net Loss Per Share
| | |
For the Three Months Ended
June 30, | | |
For the Six Months Ended
June 30, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| Numerator: | |
| | | |
| | | |
| | | |
| | |
| Net loss attributable to common
shareholders—basic and diluted | |
$ | (4,965 | ) | |
$ | (7,928 | ) | |
$ | (13,382 | ) | |
$ | (11,572 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Denominator: | |
| | | |
| | | |
| | | |
| | |
| Weighted average shares—basic and diluted
(in thousands) | |
| 163 | | |
| 10 | | |
| 118 | | |
| 8 | |
| Net loss per share attributable to common shareholders—basic
and diluted | |
$ | (30.46 | ) | |
$ | (792.80 | ) | |
$ | (113.41 | ) | |
$ | (1,446.50 | ) |
|
The
calculation of basic and diluted net loss per share attributable to common stock was as follows:
Schedule of Basic and Diluted Net Loss Per Share
| | |
For
the Year Ended December 31, | |
| | |
2025 | | |
2024 | |
| Numerator: | |
| | | |
| | |
| Net loss attributable to common
shareholders—basic and diluted | |
$ | (22,492,075 | ) | |
$ | (31,095,029 | ) |
| | |
| | | |
| | |
| Denominator: | |
| | | |
| | |
| Weighted average shares—basic and diluted | |
| 18,915 | | |
| 2,229 | |
| Net loss per share attributable to common shareholders—basic
and diluted | |
$ | (1,189.11 | ) | |
$ | (13,950.21 | ) |
|
| Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share |
Securities
that were excluded from loss per share as their effect would be anti-dilutive due to the net loss that could potentially be dilutive
in future periods are as follows:
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
| | |
2026 | | |
2025 | |
| | |
As
of June 30, | |
| | |
2026 | | |
2025 | |
| Options | |
| 67 | | |
| 63 | |
| RSUs | |
| 2,292 | | |
| 1,082 | |
| Public warrant shares | |
| 115 | | |
| 115 | |
| GEM warrant shares | |
| 8 | | |
| 8 | |
| Common warrant shares | |
| 58,264 | | |
| 2,800 | |
| Placement agent warrant
shares | |
| 22,307 | | |
| 159 | |
| Total | |
| 83,053 | | |
| 4,227 | |
| Antidilutive Securities | |
| 83,053 | | |
| 4,227 | |
|
Securities
that were excluded from loss per share as their effect would be anti-dilutive due to the net loss that could potentially be dilutive
in future periods are as follows:
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
| | |
| | |
| |
| | |
As
of December 31, | |
| | |
2025 | | |
2024 | |
| Options | |
| 63 | | |
| 13 | |
| RSUs | |
| 2,070 | | |
| 170 | |
| Public warrant shares | |
| 115 | | |
| 115 | |
| GEM warrant shares | |
| 8 | | |
| 8 | |
| Common warrant shares | |
| 3,680 | | |
| 2,264 | |
| Placement agent warrant shares | |
| 359 | | |
| 53 | |
| Pre-funded warrants | |
| — | | |
| — | |
| Total | |
| 6,295 | | |
| 2,623 | |
| Antidilutive Securities | |
| 6,295 | | |
| 2,623 | |
|