Quarterly report [Sections 13 or 15(d)]

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

v3.25.3
Statements of Mezzanine Equity and Stockholders’ Deficit (Unaudited) - USD ($)
$ in Thousands
Series B-1 Preferred Stock
Common Stock
Series A-2 Preferred Stock
Series A-2 Prime Preferred Stock
Series B-2 Preferred Stock
Additional Paid-In Capital
Accumulated Deficit
Series A-3 Preferred Stock
Total
Balance at Dec. 31, 2023 $ 4 $ 60,728 $ (64,541)   $ (3,809)
Balance (in Shares) at Dec. 31, 2023 3,475,605 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 Paid 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  
Conversion of Series A-2 Prime preferred stock into common stock (in Shares) 285,000 (1,396.5)        
Issuance of common stock for exercise of options 2   2
Issuance of common stock for exercise of options (in Shares) 58        
Stock-based compensation expense 522   522
Balance at Mar. 31, 2024 $ 46,187 $ 4 61,044 (85,504)   (24,456)
Balance (in Shares) at Mar. 31, 2024 50,000 3,760,663 19,991.51        
Balance at Dec. 31, 2023 $ 4 60,728 (64,541)   (3,809)
Balance (in Shares) at Dec. 31, 2023 3,475,605 43,649        
Net income (loss)                 (15,204)
Balance at Sep. 30, 2024 $ 11 107,584 (79,745)   (27,850)
Balance (in Shares) at Sep. 30, 2024 9,785,840 11,111.24 7,882        
Balance at Mar. 31, 2024 $ 46,187 $ 4 61,044 (85,504)   (24,456)
Balance (in Shares) at Mar. 31, 2024 50,000 3,760,663 19,991.51        
Net income (loss) 9,855   9,855
Dividends Paid on Series B-1 preferred stock (887)   (887)
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) 595,600 (2,918.44)        
Issuance of common stock for exercise of options 1   1
Issuance of common stock for exercise of options (in Shares) 1,058        
Stock-based compensation expense 641   641
Balance at Jun. 30, 2024 $ 46,187 $ 5 60,798 (75,649)   (14,846)
Balance (in Shares) at Jun. 30, 2024 50,000 4,357,321 17,073.07        
Net income (loss) (4,096)   (4,096)
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) 1,216,700 (5,961.83)        
Issuance of Series B-2 preferred stock and common stock upon conversion of Series B-1 preferred stock $ (46,187) $ 5 46,182   46,187
Issuance of Series B-2 preferred stock and common stock upon conversion of Series B-1 preferred stock (in Shares) (50,000) 4,211,800 7,882        
Issuance of common stock for exercise of options  
Issuance of common stock for exercise of options (in Shares) 19          
Stock-based compensation expense 605   605
Balance at Sep. 30, 2024 $ 11 107,584 (79,745)   (27,850)
Balance (in Shares) at Sep. 30, 2024 9,785,840 11,111.24 7,882        
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, 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)                 (11,887)
Issuance of Series A-3 preferred stock upon exercise of warrants                 $ 2,800
Issuance of common stock for exercise of options (in Shares)                
Balance at Sep. 30, 2025   $ 21   150,617 (113,158) $ 37,480
Balance (in Shares) at Sep. 30, 2025   20,850,363   2,265      
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      
Net income (loss)     (6,447) (6,447)
Issuance of Series A-3 preferred stock upon exercise of warrants     1,496 1,496
Issuance of Series A-3 preferred stock upon exercise of warrants (in Shares)         1,495.8  
Conversion of Series B-2 preferred stock into common stock    
Conversion of Series B-2 preferred stock into common stock (in Shares)   300,000   (3,000)      
Conversion of Series A-3 preferred stock into common stock    
Conversion of Series A-3 preferred stock into common stock (in Shares)   277,000       (1,495.8)  
Issuance of common stock for vested restricted stock units    
Issuance of common stock for vested restricted stock units (in Shares)   1,000        
Issuance of common stock for cash, net of issuance costs   $ 2   9,536 9,538
Issuance of common stock for cash, net of issuance costs (in Shares)   1,558,878        
Stock-based compensation expense     571 571
Balance at Jun. 30, 2025   $ 14   123,562 (107,147) 16,429
Balance (in Shares) at Jun. 30, 2025   14,111,852   5,464.21      
Net income (loss)     (6,011) (6,011)
Issuance of common stock for vested restricted stock units    
Issuance of common stock for vested restricted stock units (in Shares)          
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)   652,900   (3,199.21)      
Issuance of common stock for cash, net of issuance costs   $ 6   26,326 26,332
Issuance of common stock for cash, net of issuance costs (in Shares)   6,037,120        
Reverse split share adjustment      
Reverse split share adjustment (in Shares)   48,491        
Stock-based compensation expense     729 729
Balance at Sep. 30, 2025   $ 21   $ 150,617 $ (113,158) $ 37,480
Balance (in Shares) at Sep. 30, 2025   20,850,363   2,265