Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Changes In Shareholders??? Equity (Unaudited)

v3.26.1
Condensed Consolidated Statements of Changes In Shareholders’ Equity (Unaudited) - USD ($)
$ in Thousands
Non-voting Common Stock
Common Stock
Additional paid-in capital
Accumulated deficit
Total
Balance at Dec. 31, 2024 $ 1 $ 47,046 $ (44,062) $ 2,985
Balance (in Shares) at Dec. 31, 2024   762,316      
Share based compensation 79 79
Vesting of RSUs [1] [1]
Vesting of RSUs (in Shares)   167      
Issuance of common stock, net of offering costs [1] 1,580 1,580
Issuance of common stock, net of offering costs (in Shares)   139,493      
Warrants to lender 22 22
Net comprehensive loss for the period (1,860) (1,860)
Balance at Mar. 31, 2025 $ 1 48,727 (45,922) 2,806
Balance (in Shares) at Mar. 31, 2025   901,976      
Balance at Dec. 31, 2024 $ 1 47,046 (44,062) 2,985
Balance (in Shares) at Dec. 31, 2024   762,316      
Balance at Dec. 31, 2025 $ 1 57,119 (52,323) 4,797
Balance (in Shares) at Dec. 31, 2025   8,058,392      
Share based compensation 70 70
Vesting of RSUs [1] [1]
Vesting of RSUs (in Shares)   2,165      
Issuance of common stock, net of offering costs [1] 6,943 6,943
Issuance of common stock, net of offering costs (in Shares)   18,429,137      
Exercise of Pre Funded Warrants into common stock [1] [1]
Exercise of Pre Funded Warrants into common stock (in Shares)   235,000      
Repurchase of common stock for retirement [1] (1,039) (1,039)
Repurchase of common stock for retirement (in Shares)   (2,674,709)      
Net comprehensive loss for the period (2,456) (2,456)
Balance at Mar. 31, 2026 $ 1 $ 63,093 $ (54,779) $ 8,315
Balance (in Shares) at Mar. 31, 2026   24,049,985      
[1] Represents an amount less than $1 thousand.