Quarterly report [Sections 13 or 15(d)]

Statements of Mezzanine Equity and Stockholders??? (Deficit) Equity (Unaudited)

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Statements of Mezzanine Equity and Stockholders’ (Deficit) Equity (Unaudited) - USD ($)
$ in Thousands
Series B-1 Preferred Stock
Common Stock
Series A-2 Preferred Stock
Series A-2 Prime Preferred Stock
Additional Paid-In Capital
Accumulated Deficit
Series B-2 Preferred Stock
Total
Balance at Dec. 31, 2023 $ 35 $ 60,697 $ (64,541)   $ (3,809)
Balance (in Shares) at Dec. 31, 2023   34,756,049 43,649          
Net income (loss) (20,963)   (20,963)
Issuance of Series B-1 preferred stock, net of issuance costs $ 46,187  
Issuance of Series B-1 preferred stock, net of issuance costs (in Shares) 50,000              
Dividends on Series B-1 preferred stock (208)   (208)
Exchange of Series A-2 preferred stock for Series A-2 Prime preferred stock  
Exchange of Series A-2 preferred stock for Series A-2 Prime preferred stock (in Shares)     (43,649) 21,388.01        
Conversion of Series A-2 Prime preferred stock into common stock $ 2 (2)  
Conversion of Series A-2 Prime preferred stock into common stock (in Shares)   2,850,000   (1,396.5)        
Issuance of common stock for exercise of options 2   2
Issuance of common stock for exercise of options (in Shares)   581            
Stock-based compensation expense 522   522
Balance at Mar. 31, 2024 $ 46,187 $ 37 61,011 (85,504)   (24,456)
Balance (in Shares) at Mar. 31, 2024 50,000 37,606,630   19,991.51        
Balance at Dec. 31, 2024   $ 114   108,587 (101,270) 7,431
Balance (in Shares) at Dec. 31, 2024   113,842,364   6,150.21     3,000  
Net income (loss)     570 $ 570
Exchange of Series A-2 preferred stock for Series A-2 Prime preferred stock (in Shares)               736,773
Conversion of Series A-2 Prime preferred stock into common stock   $ 1   $ 1
Conversion of Series A-2 Prime preferred stock into common stock (in Shares)   1,400,000   (686)        
Issuance of common stock for cash, net of issuance costs   $ 5   2,701 $ 2,706
Issuance of common stock for cash, net of issuance costs (in Shares)   4,507,379            
Issuance of common stock for exercise of options (in Shares)              
Stock-based compensation expense     563 $ 563
Balance at Mar. 31, 2025   $ 120   $ 111,851 $ (100,700) $ 11,271
Balance (in Shares) at Mar. 31, 2025   119,749,743   5,464.21     3,000