Quarterly report [Sections 13 or 15(d)]

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

v3.26.3
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 308 308
Vesting of RSUs [1] [1]
Vesting of RSUs (in Shares)   2,501      
Issuance of common stock, net of offering costs- ATM (Note 6c) [1] 2,375 2,375
Issuance of common stock, net of offering costs- ATM (Note 6c) (in Shares) 305,120      
Warrants to lender 22 22
Warrant inducement agreement, net of offering costs [1] 1,387 1,387
Warrant inducement agreement, net of offering costs (in Shares) 427,020      
Issuance of common stock and warrants, net of offering costs - July 2025 PIPE [1] 839 839
Issuance of common stock and warrants, net of offering costs - July 2025 PIPE (in Shares) 162,602      
Issuance of common stock and pre-funded warrants, net of offering costs - September 2025 PIPE [1] 790 790
Issuance of common stock and pre-funded warrants, net of offering costs - September 2025 PIPE (in Shares) 87,177      
Net comprehensive loss for the period (5,741) (5,741)
Balance at Sep. 30, 2025 $ 1 52,767 (49,803) 2,965
Balance (in Shares) at Sep. 30, 2025 1,746,736      
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     8,058,392
Balance at Jun. 30, 2025 $ 1 49,074 (47,823) $ 1,252
Balance (in Shares) at Jun. 30, 2025 954,022      
Share based compensation 179 179
Vesting of RSUs [1] [1]
Vesting of RSUs (in Shares) 925      
Issuance of common stock, net of offering costs- ATM (Note 6c) [1] 498 498
Issuance of common stock, net of offering costs- ATM (Note 6c) (in Shares) 114,990      
Warrant inducement agreement, net of offering costs [1] 1,387 1,387
Warrant inducement agreement, net of offering costs (in Shares) 427,020      
Net comprehensive loss for the period (1,980) (1,980)
Exercise of Pre-Funded Warrants into common stock [1]   839
Exercise of Pre-Funded Warrants into common stock (in Shares) 162,602      
Exercise of Pre-Funded Warrants (Liability) into common stock (Note 6b) [1] $ 790 790
Exercise of Pre-Funded Warrants (Liability) into common stock (Note 6b) (in shares) 87,177 839 [1]    
Balance at Sep. 30, 2025 $ 1 $ 52,767 (49,803) 2,965
Balance (in Shares) at Sep. 30, 2025 1,746,736      
Balance at Dec. 31, 2025 $ 1 57,119 (52,323) $ 4,797
Balance (in Shares) at Dec. 31, 2025 8,058,392     8,058,392
Share based compensation 200 $ 200
Vesting of RSUs [1] [1]
Vesting of RSUs (in Shares) 59,423      
Issuance of common stock, net of offering costs- ATM (Note 6c) [1] 6,943 6,943
Issuance of common stock, net of offering costs- ATM (Note 6c) (in Shares) 18,429,137      
Net comprehensive loss for the period (5,096) (5,096)
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 (Note 6b) [1] 220 [1] 220
Exercise of Pre-Funded Warrants (Liability) into common stock (Note 6b) (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)      
Issuance of common stock in settlement of ELOC commitment fee liability (Note 6b) [1] 227 227
Issuance of common stock in settlement of ELOC commitment fee liability (Note 6b) (in Shares) 3,000,000      
Balance at Sep. 30, 2026 $ 1 63,670 (57,419) $ 6,252
Balance (in Shares) at Sep. 30, 2026 28,850,760     28,850,760
Balance at Jun. 30, 2026 $ 1 63,381 (56,172) $ 7,210
Balance (in Shares) at Jun. 30, 2026 25,837,246      
Share based compensation 62 62
Vesting of RSUs [1] [1]
Vesting of RSUs (in Shares) 13,514      
Net comprehensive loss for the period (1,247) (1,247)
Issuance of common stock in settlement of ELOC commitment fee liability (Note 6b) [1] 227 227
Issuance of common stock in settlement of ELOC commitment fee liability (Note 6b) (in Shares) 3,000,000      
Balance at Sep. 30, 2026 $ 1 $ 63,670 $ (57,419) $ 6,252
Balance (in Shares) at Sep. 30, 2026 28,850,760     28,850,760
[1] Represents an amount less than $1 thousand.