Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Stockholders' Equity (Unaudited)

v3.26.1
Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)
$ in Thousands
Common Stock [Member]
Common Class A [Member]
Additional Paid-in Capital [Member]
 [1]
Retained Earnings [Member]
AOCI Attributable to Parent [Member]
Noncontrolling Interest [Member]
Total
Balance at Dec. 31, 2024 $ 281,091 $ (274,929) $ 265 $ (149) $ 6,278
Balance, shares at Dec. 31, 2024 [1] 378          
Net loss (3,867) (3,867)
Exercise of pre-funded warrants, shares [1] 171,929          
Exercise of Class A warrants 11 11
Exercise of Class A warrants, shares [1] 198          
Issuance of Class A shares and warrants 20,722 20,722
Issuance of Class A shares and warrants, shares [1] 814          
Balance at Mar. 31, 2025 301,824 (278,796) 265 (149) 23,144
Balance, shares at Mar. 31, 2025 [1] 1,390          
Balance at Dec. 31, 2024 281,091 (274,929) 265 (149) 6,278
Balance, shares at Dec. 31, 2024 [1] 378          
Net loss           (7,082)
Strategic advisory warrants          
Balance at Jun. 30, 2025 $ 14 301,813 (282,011) 265 (149) 19,932
Balance, shares at Jun. 30, 2025 [1] 173,319          
Balance at Mar. 31, 2025 301,824 (278,796) 265 (149) 23,144
Balance, shares at Mar. 31, 2025 [1] 1,390          
Net loss (3,215) (3,215)
Exercise of pre-funded warrants 14 (14)
Strategic advisory warrants          
Issuance of Class A shares and warrants 3 3
Balance at Jun. 30, 2025 $ 14 301,813 (282,011) 265 (149) 19,932
Balance, shares at Jun. 30, 2025 [1] 173,319          
Balance at Dec. 31, 2025 $ 6 428,111 (360,509) 265 (149) 67,724
Balance, shares at Dec. 31, 2025 [1] 603,696          
Net loss (18,360) 149 (18,211)
Exercise of pre-funded warrants
Exercise of pre-funded warrants, shares [1] 26,250          
Equity-based compensation 592 592
Exercise of strategic advisory warrants 240 240
Reclassification of accumulated foreign currency translation gain (265) (265)
Balance at Mar. 31, 2026 $ 6 428,943 (378,869) 50,080
Balance, shares at Mar. 31, 2026 [1] 629,946          
Balance at Dec. 31, 2025 $ 6 428,111 (360,509) 265 (149) 67,724
Balance, shares at Dec. 31, 2025 [1] 603,696          
Net loss           (43,044)
Strategic advisory warrants           476
Balance at Jun. 30, 2026 $ 7 429,178 (403,702) 25,483
Balance, shares at Jun. 30, 2026 [1] 694,544          
Balance at Mar. 31, 2026 $ 6 428,943 (378,869) 50,080
Balance, shares at Mar. 31, 2026 [1] 629,946          
Net loss (24,833) (24,833)
Exercise of pre-funded warrants $ 1 (1)
Exercise of pre-funded warrants, shares [1] 33,085          
Exercise of strategic advisory warrants
Exercise of strategic advisory warrants, shares [1] 31,627          
Strategic advisory warrants 236 236
Fractional shares eliminated in connection with reverse stock split
Balance at Jun. 30, 2026 $ 7 $ 429,178 $ (403,702) $ 25,483
Balance, shares at Jun. 30, 2026 [1] 694,544          
[1] After giving effect to the Reverse Stock Splits - See Note 8 - Stockholders’ Equity.