v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (UNAUDITED) - USD ($)
Total
Common Stock
Treasury Stock
Additional Paid-in Capital
Retained Earnings (Deficit)
Beginning balance (in shares) at Dec. 31, 2023 [1]   582,567      
Beginning balance, Treasury Stock (in shares) at Dec. 31, 2023 [1]     113,741    
Beginning balance at Dec. 31, 2023 $ 156,997,000 $ 0 $ (57,128,000) $ 165,988,000 $ 48,137,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Stock-based compensation 509,000     509,000  
Issuance of vested restricted stock units, net of shares withheld for taxes (in shares) [1]   274      
Dividends on Series A preferred stock (1,984,000)       (1,984,000)
Net loss (21,980,000)       (21,980,000)
Ending balance (in shares) at Mar. 31, 2024 [1]   582,841      
Ending balance, Treasury Stock (in shares) at Mar. 31, 2024 [1]     113,741    
Ending balance at Mar. 31, 2024 133,542,000 $ 0 $ (57,128,000) 166,497,000 24,173,000
Beginning balance (in shares) at Dec. 31, 2023 [1]   582,567      
Beginning balance, Treasury Stock (in shares) at Dec. 31, 2023 [1]     113,741    
Beginning balance at Dec. 31, 2023 156,997,000 $ 0 $ (57,128,000) 165,988,000 48,137,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net loss (83,866,000)        
Ending balance (in shares) at Sep. 30, 2024 [1]   586,543      
Ending balance, Treasury Stock (in shares) at Sep. 30, 2024 [1]     113,741    
Ending balance at Sep. 30, 2024 68,565,000 $ 0 $ (57,128,000) 163,406,000 (37,713,000)
Beginning balance (in shares) at Mar. 31, 2024 [1]   582,841      
Beginning balance, Treasury Stock (in shares) at Mar. 31, 2024 [1]     113,741    
Beginning balance at Mar. 31, 2024 133,542,000 $ 0 $ (57,128,000) 166,497,000 24,173,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Stock-based compensation 595,000     595,000  
Issuance of vested restricted stock units, net of shares withheld for taxes (in shares) [1]   1,858      
Shares issued pursuant to the Employee Stock Purchase Plan (in shares) [1]   1,243      
Shares issued pursuant to the Employee Stock Purchase Plan 113,000     113,000  
Dividends on Series A preferred stock (2,031,000)     (2,031,000)  
Net loss (44,221,000)       (44,221,000)
Ending balance (in shares) at Jun. 30, 2024 [1]   585,942      
Ending balance, Treasury Stock (in shares) at Jun. 30, 2024 [1]     113,741    
Ending balance at Jun. 30, 2024 87,998,000 $ 0 $ (57,128,000) 165,174,000 (20,048,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Stock-based compensation 391,000     391,000  
Issuance of vested restricted stock units, net of shares withheld for taxes (in shares) [1]   601      
Dividends on Series A preferred stock (2,159,000)     (2,159,000)  
Net loss (17,665,000)       (17,665,000)
Ending balance (in shares) at Sep. 30, 2024 [1]   586,543      
Ending balance, Treasury Stock (in shares) at Sep. 30, 2024 [1]     113,741    
Ending balance at Sep. 30, 2024 $ 68,565,000 $ 0 $ (57,128,000) 163,406,000 (37,713,000)
Beginning balance (in shares) at Dec. 31, 2024 3,660,498 3,774,239 [1]      
Beginning balance, Treasury Stock (in shares) at Dec. 31, 2024 113,741   113,741 [1]    
Beginning balance at Dec. 31, 2024 $ 89,600,000 $ 0 [1] $ (57,128,000) 261,475,000 [1] (114,747,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Stock-based compensation 297,000     297,000 [1]  
Issuance of vested restricted stock units, net of shares withheld for taxes (in shares) [1]   7,712      
Shares issued pursuant to the Employee Stock Purchase Plan (in shares) [1]   2,648      
Net loss (9,533,000)       (9,533,000)
Ending balance (in shares) at Mar. 31, 2025 [1]   3,784,599      
Ending balance, Treasury Stock (in shares) at Mar. 31, 2025 [1]     113,741    
Ending balance at Mar. 31, 2025 $ 80,364,000 $ 0 [1] $ (57,128,000) 261,772,000 [1] (124,280,000)
Beginning balance (in shares) at Dec. 31, 2024 3,660,498 3,774,239 [1]      
Beginning balance, Treasury Stock (in shares) at Dec. 31, 2024 113,741   113,741 [1]    
Beginning balance at Dec. 31, 2024 $ 89,600,000 $ 0 [1] $ (57,128,000) 261,475,000 [1] (114,747,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net loss $ (116,503,000)        
Ending balance (in shares) at Sep. 30, 2025 3,735,655 3,849,396 [1]      
Ending balance, Treasury Stock (in shares) at Sep. 30, 2025 113,741   113,741 [1]    
Ending balance at Sep. 30, 2025 $ (26,302,000) $ 0 [1] $ (57,128,000) 262,076,000 [1] (231,250,000)
Beginning balance (in shares) at Mar. 31, 2025 [1]   3,784,599      
Beginning balance, Treasury Stock (in shares) at Mar. 31, 2025 [1]     113,741    
Beginning balance at Mar. 31, 2025 80,364,000 $ 0 [1] $ (57,128,000) 261,772,000 [1] (124,280,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Stock-based compensation 174,000     174,000 [1]  
Issuance of vested restricted stock units, net of shares withheld for taxes (in shares) [1]   5,614      
Reverse stock split rounding adjustment (in shares) [1]   59,183      
Net loss (24,589,000)       (24,589,000)
Ending balance (in shares) at Jun. 30, 2025 [1]   3,849,396      
Ending balance, Treasury Stock (in shares) at Jun. 30, 2025 [1]     113,741    
Ending balance at Jun. 30, 2025 55,949,000 $ 0 [1] $ (57,128,000) 261,946,000 [1] (148,869,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Stock-based compensation 130,000     130,000 [1]  
Net loss $ (82,381,000)       (82,381,000)
Ending balance (in shares) at Sep. 30, 2025 3,735,655 3,849,396 [1]      
Ending balance, Treasury Stock (in shares) at Sep. 30, 2025 113,741   113,741 [1]    
Ending balance at Sep. 30, 2025 $ (26,302,000) $ 0 [1] $ (57,128,000) $ 262,076,000 [1] $ (231,250,000)
[1]
(1) Amounts have been adjusted to reflect the reverse stock split effective on July 11, 2025. Refer to Note 2 - Basis of Presentation and Critical Accounting Policies for further information.