v3.26.3
Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($)
$ in Thousands
Preferred Stock [Member]
Common Stock [Member]
Treasury Stock, Common [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
AOCI Attributable to Parent [Member]
Total
Balance at Dec. 31, 2024 $ 22,365 $ 29   $ 50,924 $ (229) $ 1,108 $ 74,197
Balance, shares at Dec. 31, 2024 895,000 254,000 [1]          
Net loss   (9,755) (9,755)
Vesting of restricted stock  
Vesting of restricted stock, shares [1]   1,000          
Dividends on Series A Preferred Shares ($0.50 per share)   (447) (447)
Net other comprehensive income   (17) (17)
Stock-based compensation   175 175
Balance at Mar. 31, 2025 $ 22,365 $ 29   51,099 (10,431) 1,091 64,153
Balance, shares at Mar. 31, 2025 895,000 255,000 [1]          
Balance at Dec. 31, 2024 $ 22,365 $ 29   50,924 (229) 1,108 74,197
Balance, shares at Dec. 31, 2024 895,000 254,000 [1]          
Net loss             (7,675)
Net other comprehensive income             1,054
Balance at Sep. 30, 2025 $ 22,365 $ 67   215,671 (9,244) 2,162 231,021
Balance, shares at Sep. 30, 2025 895,000 7,978,000 [1]          
Balance at Mar. 31, 2025 $ 22,365 $ 29   51,099 (10,431) 1,091 64,153
Balance, shares at Mar. 31, 2025 895,000 255,000 [1]          
Net loss   5,472 5,472
Dividends on Series A Preferred Shares ($0.50 per share)   (447) (447)
Net other comprehensive income   234 234
Stock-based compensation   250 250
Vesting of restricted stock and payment of withholding taxes   (315) (315)
Vesting of restricted stock and payment of withholding taxes, shares [1]   13,000          
Balance at Jun. 30, 2025 $ 22,365 $ 29   51,034 (5,406) 1,325 69,347
Balance, shares at Jun. 30, 2025 895,000 268,000 [1]          
Net loss   (3,391) (3,391)
Dividends on Series A Preferred Shares ($0.50 per share)   (447) (447)
Net other comprehensive income   837 837
Stock-based compensation   7,350 7,350
Vesting of restricted stock and payment of withholding taxes  
Vesting of restricted stock and payment of withholding taxes, shares [1]   9,000          
Proceeds from private placement, net of offering costs $ 36   192,038 192,074
Proceeds from private placement, net of offering costs, shares [1]   7,305,000          
Proceeds from ATM, net of offering costs $ 2   14,113 14,115
Proceeds from ATM, net of offering costs, shares [1]   396,000          
Transfer of assets to CVR Trust   (48,864) (48,864)
Balance at Sep. 30, 2025 $ 22,365 $ 67   215,671 (9,244) 2,162 231,021
Balance, shares at Sep. 30, 2025 895,000 7,978,000 [1]          
Balance at Dec. 31, 2025 $ 22,223 $ 70 $ (26,133) 216,682 (68,743) (608) 143,491 [2]
Balance, shares at Dec. 31, 2025 889 7,081 [1]          
Net loss (38,638) (38,638)
Repurchase of Series A Preferred Shares $ (5,294) 12 (5,282)
Repurchase of Series A Preferred Shares, shares (212)            
Repurchase of common stock (8,747) (8,747)
Repurchase of common stock, shares [1]   (557)          
Vesting of restricted stock
Vesting of restricted stock, shares [1]   6          
Dividends on Series A Preferred Shares ($0.50 per share) (370) (370)
Net other comprehensive income 180 180
Stock-based compensation 117 117
Balance at Mar. 31, 2026 $ 16,929 $ 70 (34,880) 216,799 (107,739) (428) 90,751
Balance, shares at Mar. 31, 2026 677,000 6,530,000 [1]          
Balance at Dec. 31, 2025 $ 22,223 $ 70 (26,133) 216,682 (68,743) (608) 143,491 [2]
Balance, shares at Dec. 31, 2025 889 7,081 [1]          
Net loss             (57,282)
Net other comprehensive income             (310)
Balance at Sep. 30, 2026 $ 15,035 $ 70 (48,900) 217,089 (127,056) (918) 55,320
Balance, shares at Sep. 30, 2026 601,000 4,594,000 [1]          
Balance at Mar. 31, 2026 $ 16,929 $ 70 (34,880) 216,799 (107,739) (428) 90,751
Balance, shares at Mar. 31, 2026 677,000 6,530,000 [1]          
Net loss (18,289) (18,289)
Repurchase of Series A Preferred Shares $ (1,409) (28) (1,437)
Repurchase of Series A Preferred Shares, shares (56,000)            
Repurchase of common stock (6,551) (6,551)
Repurchase of common stock, shares [1]   (936,000)          
Dividends on Series A Preferred Shares ($0.50 per share) (325) (325)
Net other comprehensive income (223) (223)
Stock-based compensation 235 235
Vesting of restricted stock and payment of withholding taxes (40) (40)
Vesting of restricted stock and payment of withholding taxes, shares [1]   16,000          
Balance at Jun. 30, 2026 $ 15,520 $ 70 (41,431) 216,994 (126,381) (651) 64,121
Balance, shares at Jun. 30, 2026 621,000 5,610,000 [1]          
Net loss (355) (355)
Repurchase of Series A Preferred Shares $ (485) (10) (495)
Repurchase of Series A Preferred Shares, shares (20,000)            
Repurchase of common stock (7,469) (7,469)
Repurchase of common stock, shares [1]   (1,031,000)          
Dividends on Series A Preferred Shares ($0.50 per share) (310) (310)
Net other comprehensive income (267) (267)
Stock-based compensation 135 135
Vesting of restricted stock and payment of withholding taxes (40) (40)
Vesting of restricted stock and payment of withholding taxes, shares [1]   15,000          
Balance at Sep. 30, 2026 $ 15,035 $ 70 $ (48,900) $ 217,089 $ (127,056) $ (918) $ 55,320
Balance, shares at Sep. 30, 2026 601,000 4,594,000 [1]          
[1] Information pertaining to the number of shares outstanding gives retroactive effect to a 1 for 5 reverse stock split that became effective on February 13, 2026.
[2] Derived from the audited consolidated balance sheet.