Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Stockholders' Equity (Unaudited)

v3.26.1
Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)
$ in Thousands
Common stock
Additional Paid-in Capital
Accumulated Deficit
Total
Balance at Dec. 31, 2024 $ 277,908 $ (283,608) $ (5,700)
Balance, shares at Dec. 31, 2024 [1] 276,881      
Issuance of common stock upon settlement of restricted stock units
Issuance of common stock upon settlement of restricted stock units, shares [1] 42,956      
Issuance of common stock, net of issuance costs $ 5 8,947 8,952
Balance, shares [1] 254,516      
Stock-based compensation related to 2024 bonus accrual 1,215 1,215
Stock-based compensation 1,216 1,216
Impact of retroactively adjusted reverse stock split (4) 4
Net income (7,017) (7,017)
Balance at Jun. 30, 2025 $ 1 289,290 (290,625) (1,334)
Balance, shares at Jun. 30, 2025 [1] 574,353      
Balance at Mar. 31, 2025 282,071 (283,150) (1,079)
Balance, shares at Mar. 31, 2025 [1] 351,857      
Issuance of common stock upon settlement of restricted stock units
Issuance of common stock upon settlement of restricted stock units, shares [1] 42,839      
Issuance of common stock, net of issuance costs $ 4 5,411 5,415
Balance, shares [1] 179,657      
Stock-based compensation related to 2024 bonus accrual 879 879
Stock-based compensation 926 926
Impact of retroactively adjusted reverse stock split (3) 3
Net income (7,475) (7,475)
Balance at Jun. 30, 2025 $ 1 289,290 (290,625) (1,334)
Balance, shares at Jun. 30, 2025 [1] 574,353      
Balance at Dec. 31, 2025 $ 1 296,309 (304,265) (7,955)
Balance, shares at Dec. 31, 2025 [1] 1,265,067      
Stock-based compensation related to 2024 bonus accrual       63
Stock-based compensation 402 402
Net income 5,093 5,093
Reclass redeemable common stock to permanent common stock at $4.315 on May 26, 2026 963 (63) 900
Reclass redeemable common stock to permanent common stock, shares [1] 223,201      
Change in fair value of redeemable common stock 328 328
Balance at Jun. 30, 2026 $ 1 297,674 (298,907) (1,232)
Balance, shares at Jun. 30, 2026 [1] 1,488,268      
Balance at Mar. 31, 2026 $ 1 296,613 (297,597) (983)
Balance, shares at Mar. 31, 2026 [1] 1,265,067      
Stock-based compensation 98 98
Net income (1,247) (1,247)
Reclass redeemable common stock to permanent common stock at $4.315 on May 26, 2026 963 (63) 900
Reclass redeemable common stock to permanent common stock, shares [1] 223,201      
Balance at Jun. 30, 2026 $ 1 $ 297,674 $ (298,907) $ (1,232)
Balance, shares at Jun. 30, 2026 [1] 1,488,268      
[1] Adjusted retroactively to reflect the 1-for-18 reverse stock split that became effective on October 28, 2025, see Note 1.