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Stockholders’ (Deficit) Equity
 3 Months Ended
Mar. 31, 2026
Stockholders’ (Deficit) Equity [Abstract]  
STOCKHOLDERS’ (DEFICIT) EQUITY

NOTE 15 – STOCKHOLDERS’ (DEFICIT) EQUITY

 

Shares Cancelled

 

During the three months ended March 31, 2026, the Company cancelled 34,886 shares of Common Stock to satisfy tax withholding obligations related to equity awards.

 

Warrants

 

A summary of the Common Stock underlying the warrants activity (including both liability and equity classified instruments) is presented below (in thousands, except number of shares, exercise price, and years data):

 

   Three Months Ended March 31, 2026 
   Number of
Shares of
Common
Stock
Underlying
Warrants		   Weighted Average
Exercise
Price		   Weighted Average
Remaining Life in
Years		   Intrinsic
Value		 
Outstanding, December 31, 2025   7,020,932   $22.47    
-
   $7,607 
Issued   
-
    
-
    -    
-
 
Exercised   
-
    
-
    -    
-
 
Expired   (270)   43,499.00          -    
-
 
Outstanding, March 31, 2026   7,020,662   $22.47    
-
   $7,607 
                     
Exercisable, March 31, 2026   7,020,662   $22.47    
-
    
-
 

 

A summary of outstanding and exercisable Common Stock underlying the warrants is presented below:

 

March 31, 2026 
Common Stock Underlying Warrants Outstanding   Common Stock Underlying Warrants Exercisable 
Exercise Price   Number of Shares   Weighted Average
Remaining Life in Years		   Number of Shares 
$34.45    907,115    N/A    907,115 
$32.30    405    N/A    405 
$27.75    4,557,223    N/A    4,557,223 
$26.50    270    0.4    270 
$22.80    75    4.25    75 
$0.01    1,555,574    N/A    1,555,574 
      7,020,662    0.0    7,020,662 

 

During the three months ended March 31, 2026, the Company sold 1,335,766 shares of Common Stock under the Second Amended and Restated Sales Agreement (the “Second Amended and Restated Sales Agreement”) for net proceeds after fees of approximately $5.5 million at an average price of $3.87 per share. The Company also cancelled 34,886 shares of Common Stock related to tax withholdings on Common Stock awards.

 

Stock Repurchase Program

 

During the three months ended March 31, 2026, no shares of Common Stock were repurchased by the Company under its previously announced stock repurchase program (the “Stock Repurchase Program”).