XML 35 R23.htm IDEA: XBRL DOCUMENT
v3.25.2

BASIC AND DILUTED LOSS PER SHARE (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2025
BASIC AND DILUTED LOSS PER SHARE |
Schedule of computation of basic and diluted loss per share | The table below presents the computation of basic and diluted loss per share (in thousands, except share and per share information):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three Months Ended | ​ | Six Months Ended
​ | ​ | June 30, | ​ | June 30,
​ |  | 2025 |  | 2024 | ​ | 2025 |  | 2024
Basic: | ​ | ​ |  |  | ​ |  | ​ | ​ |  |  | ​ |
Net loss available to common stockholders — basic | ​ | $ | (9,833) | ​ | $ | (1,612) | ​ | $ | (13,671) | ​ | $ | (4,128)
Weighted average common shares outstanding — basic (1)(3) | ​ |  | 123,335 | ​ |  | 3,322 | ​ |  | 67,828 | ​ |  | 2,188
Loss per share - basic | ​ | $ | (79.73) | ​ | $ | (485.30) | ​ | $ | (201.55) | ​ | $ | (1,886.90)
​ | ​ | ​ |  |  | ​ |  | ​ | ​ |  |  | ​ |
Diluted: | ​ | ​ |  |  | ​ |  | ​ | ​ |  |  | ​ |
Net loss available to common stockholders — diluted (2) | ​ | $ | (9,833) | ​ | $ | (1,612) | ​ | $ | (13,671) | ​ | $ | (4,128)
Weighted average common shares outstanding — diluted (1)(3) | ​ |  | 123,335 | ​ |  | 3,322 | ​ |  | 67,828 | ​ |  | 2,188
Loss per share — diluted | ​ | $ | (79.73) | ​ | $ | (485.30) | ​ | $ | (201.55) | ​ | $ | (1,886.90)
​
| (1) | In May 2024, in connection with the 2024 Public Offering, the Company issued and sold Pre-funded Warrants exercisable for an aggregate of 2,859 shares of common stock. The total price of the Pre-funded Warrants is $1,687.50 per share, $1,687.499 of which was pre-funded and paid to the Company upon issuance of the Pre-funded Warrants. The exercise price of the Pre-funded Warrants is $0.001 per share. The Pre-funded Warrants are immediately exercisable and do not expire. During the three and six months ended June 30, 2025, 16 Pre-funded Warrants were exercised, leaving no Pre-funded Warrants outstanding. Refer to Note 6 for additional information about the 2024 Public Offering and the Pre-funded Warrants.
| (2) | For the three and six months ended June 30, 2025 and 2024, no adjustment was made to the numerator.
| (3) | The weighted average number of common shares outstanding as of June 30, 2025 includes the Abeyance Shares from the exercise of the Existing Warrants, the exercise of which was fully paid by the Holders and requires no further consideration for the delivery of the shares of common stock. Therefore, the Abeyance Shares are included in the computation of basic and diluted loss per share.
Schedule of anti-dilutive securities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three Months Ended | ​ | Six Months Ended
​ | ​ | June 30, | ​ | June 30,
​ |  | 2025 |  | 2024 | ​ | 2025 |  | 2024
Stock options | ​ | 3,635 | ​ | 323 | ​ | 3,635 | ​ | 323
Warrants (1) | ​ | 18,554 | ​ | 8,512 | ​ | 18,554 | ​ | 8,512
​ ​
| (1) | Common Warrants outstanding of two warrant shares and Placement Agent Warrants outstanding of 8,871 warrant shares included in the Warrants total are each exercisable for two shares of common stock under the Zero Cash Provision.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
Name: | us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration