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 129 129
Vesting of RSUs [1] [1]
Vesting of RSUs (in Shares)   1,576      
Issuance of common stock, net of offering costs [1] 1,877 1,877
Issuance of common stock, net of offering costs (in Shares)   190,130      
Warrants to lender 22 22
Net comprehensive loss for the period (3,761) (3,761)
Balance at Jun. 30, 2025 $ 1 49,074 (47,823) 1,252
Balance (in Shares) at Jun. 30, 2025 954,022      
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      
Balance at Mar. 31, 2025 $ 1 48,727 (45,922) 2,806
Balance (in Shares) at Mar. 31, 2025 901,976      
Share based compensation 50 50
Vesting of RSUs [1] [1]
Vesting of RSUs (in Shares) 1,410      
Issuance of common stock, net of offering costs $ 50,636      
Issuance of common stock, net of offering costs (in Shares) [1] 297 297
Warrants to lender  
Net comprehensive loss for the period (1,901) (1,901)
Balance at Jun. 30, 2025 $ 1 49,074 (47,823) 1,252
Balance (in Shares) at Jun. 30, 2025 954,022      
Balance at Dec. 31, 2025 $ 1 57,119 (52,323) 4,797
Balance (in Shares) at Dec. 31, 2025 8,058,392      
Issuance of common stock, net of offering costs (in Shares)   18,429,137      
Balance at Mar. 31, 2026 $ 1 63,093 (54,779) 8,315
Balance (in Shares) at Mar. 31, 2026 24,049,985      
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 138 138
Vesting of RSUs [1] [1]
Vesting of RSUs (in Shares) 45,909      
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      
Net comprehensive loss for the period (3,849) (3,849)
Exercise of Pre-Funded Warrants into common stock [1] [1]
Exercise of Pre-Funded Warrants into common stock (in Shares) 275,370      
Exercise of Pre Funded Warrants (Liability) into common stock [1] [1]
Exercise of Pre Funded Warrants (Liability) into common stock (in shares)   1,703,147    
Repurchase of common stock for retirement [1] (1,039) $ (1,039)
Repurchase of common stock for retirement (in Shares) (2,674,709)      
Balance at Jun. 30, 2026 $ 1 63,381 (56,172) 7,210
Balance (in Shares) at Jun. 30, 2026 25,837,246      
Balance at Mar. 31, 2026 $ 1 63,093 (54,779) 8,315
Balance (in Shares) at Mar. 31, 2026 24,049,985      
Share based compensation 68 68
Vesting of RSUs [1] [1]
Vesting of RSUs (in Shares) 43,744      
Net comprehensive loss for the period (1,393) (1,393)
Exercise of Pre-Funded Warrants into common stock [1]  
Exercise of Pre-Funded Warrants into common stock (in Shares) 40,370      
Exercise of Pre Funded Warrants (Liability) into common stock [1] 220 220
Exercise of Pre Funded Warrants (Liability) into common stock (in shares) 1,703,147   [1]  
Balance at Jun. 30, 2026 $ 1 $ 63,381 $ (56,172) $ 7,210
Balance (in Shares) at Jun. 30, 2026 25,837,246      
[1] Represents an amount less than $1 thousand.