v3.26.1
Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)
$ in Thousands
Series B
Preferred
Common Stock
Treasury Stock
Additional Paid-in Capital
Accumulated Other Comprehensive Income
Accumulated Deficit
Total
Balance at Dec. 31, 2024 $ 153,692 $ (2,917) $ (141,523) $ 9,252
Balance (in Shares) at Dec. 31, 2024 1,000,000 317,705          
Cancelled shares
Cancelled shares (in Shares)   (239)          
Shares issued for settlement of liabilities 310 310
Shares issued for settlement of liabilities (in Shares) 24,317          
Stock based compensation 578 578
Stock based compensation (in Shares) 45,000          
Conversion of Series B Convertible Preferred Stock
Conversion of Series B Convertible Preferred Stock (in Shares) (1,000,000) 131,800          
Net loss (2,369) (2,369)
Other comprehensive loss (65) (65)
Balance at Mar. 31, 2025 154,580 (2,982) (143,892) 7,706
Balance (in Shares) at Mar. 31, 2025 518,583          
Balance at Dec. 31, 2024 153,692 (2,917) (141,523) 9,252
Balance (in Shares) at Dec. 31, 2024 1,000,000 317,705          
Net loss             (4,096)
Other comprehensive loss             (208)
Balance at Jun. 30, 2025 (1,000) 155,125 (3,125) (145,619) 5,381
Balance (in Shares) at Jun. 30, 2025 603,927          
Balance at Mar. 31, 2025 154,580 (2,982) (143,892) 7,706
Balance (in Shares) at Mar. 31, 2025 518,583          
Shares issued for settlement of liabilities 441 441
Shares issued for settlement of liabilities (in Shares) 50,971          
Commitment to repurchase common stock (1,000) (1,000)
Stock based compensation 104 104
Stock based compensation (in Shares) 34,373          
Net loss (1,727) (1,727)
Other comprehensive loss (143) (143)
Balance at Jun. 30, 2025 (1,000) 155,125 (3,125) (145,619) 5,381
Balance (in Shares) at Jun. 30, 2025 603,927          
Balance at Dec. 31, 2025 $ 2 834,453 (2,993) (592,044) 239,418
Balance (in Shares) at Dec. 31, 2025 19,012,231          
Shares issued for cash, net 5,503 5,503
Shares issued for cash, net (in Shares) 1,335,766          
Cancelled shares (223) (223)
Cancelled shares (in Shares) (34,886)          
Stock based compensation 104 104
Net loss (76,264) (76,264)
Other comprehensive loss (202) (202)
Balance at Mar. 31, 2026 $ 2 839,837 (3,195) (668,308) 168,336
Balance (in Shares) at Mar. 31, 2026 20,313,111          
Balance at Dec. 31, 2025 $ 2 834,453 (2,993) (592,044) $ 239,418
Balance (in Shares) at Dec. 31, 2025 19,012,231          
Cancelled shares (in Shares)   (34,886)         (51,064)
Net loss             $ (89,082)
Other comprehensive loss             (186)
Balance at Jun. 30, 2026 $ 1 (17) 812,123 (3,179) (681,126) 127,802
Balance (in Shares) at Jun. 30, 2026 13,210,122          
Balance at Mar. 31, 2026 $ 2 839,837 (3,195) (668,308) 168,336
Balance (in Shares) at Mar. 31, 2026 20,313,111          
Cancelled shares (223) (223)
Cancelled shares (in Shares)   (16,178)          
Repurchase of common stock $ (1) (17) (31,304) (31,322)
Repurchase of common stock (in Shares) (7,086,811)          
Stock based compensation 3,813 3,813
Net loss (12,818) (12,818)
Other comprehensive loss 16 16
Balance at Jun. 30, 2026 $ 1 $ (17) $ 812,123 $ (3,179) $ (681,126) $ 127,802
Balance (in Shares) at Jun. 30, 2026 13,210,122