Quarterly report [Sections 13 or 15(d)]

Statements of Stockholders??? Equity (Unaudited)

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Statements of Stockholders’ Equity (Unaudited) - USD ($)
$ in Thousands
Common Stock
Series A-2 Prime Preferred Stock
Series B-2 Preferred Stock
Additional Paid-In Capital
Accumulated Deficit
Comprehensive Income (Loss)
Total
Balance at Dec. 31, 2024 $ 11 $ 108,690 $ (101,270)   $ 7,431
Balance (in Shares) at Dec. 31, 2024 11,384,236 6,150.21 3,000        
Net income (Loss) 570   570
Conversion of Series A-2 Prime preferred stock into common stock  
Conversion of Series A-2 Prime preferred stock into common stock (in Shares) 140,000 (686)          
Issuance of common stock for cash, net of issuance costs $ 1 2,706   2,707
Issuance of common stock for cash, net of issuance costs (in Shares) 450,738            
Stock-based compensation expense 563   563
Balance at Mar. 31, 2025 $ 12 111,959 (100,700)   11,271
Balance (in Shares) at Mar. 31, 2025 11,974,974 5,464.21 3,000        
Balance at Dec. 31, 2025 $ 22   158,001 (127,825) $ (1) 30,197
Balance (in Shares) at Dec. 31, 2025 22,114,245 2,265          
Net income (Loss)   (12,823)   (12,823)
Issuance of common stock for cash, net of issuance costs $ 3   19,566 19,569
Issuance of common stock for cash, net of issuance costs (in Shares) 3,123,537            
Unrealized gain on available-for-sale securities, net   7 7
Stock-based compensation expense   754 754
Balance at Mar. 31, 2026 $ 25   $ 178,321 $ (140,648) $ 6 $ 37,704
Balance (in Shares) at Mar. 31, 2026 25,237,782 2,265