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Note 15 - Stockholders' Deficit
 3 Months Ended
Mar. 31, 2026
Notes to Financial Statements  
Equity [Text Block]

15. Stockholders' Deficit

 

The following table summarizes stockholders' deficit transactions for the three months ended March 31, 2026 (Dollar amounts in thousands of U.S. dollars): 

 

                  

Accumulated

     
          

Additional

      

other

  

Total

 
  

Common stock

  

paid in

  

Retained earnings

  

comprehensive

  

stockholders'

 
  

Number

  

Amount

  

capital

  

(Accumulated Deficit)

  

income (loss)

  

deficit

 
                         

Balances, December 31, 2025

  11,111,453  $38,308  $23,526  $(225,977) $(57) $(164,200)
                         

Stock-based compensation(1)

  22,721   480   632   -   -   1,112 

Net loss

  -   -   -   (18,107)  -   (18,107)

Other comprehensive loss

  -   -   -   -   (133)  (133)

Balances, March 31, 2026

  11,134,174  $38,788  $24,158  $(244,084) $(190) $(181,328)

 

(1) The Company capitalizes stock-based compensation costs directly attributable to the development of qualifying assets. Qualifying assets include internal use software (“IUS”), assets under construction (“AUC”), equipment, or other long-lived assets that meet the capitalization criteria prescribed by ASC 350 Intangibles - Goodwill and Other ("ASC 350"). During the three months ended March 31, 2026 and March 31, 2025, the Company capitalized less than $0.1 million of stock-based compensation directly attributable to the development of certain IUS assets. 

 

2026 Stock Buyback Program 

 

On February 12, 2026, the Company announced that its Board of Directors (“Board”) approved a stock buyback program to repurchase up to $40 million of its common stock in the open market. The $40 million buyback program commenced on February 13, 2026 and is expected to terminate on February 12, 2027. For the three months ended March 31, 2026, the Company did not repurchase shares under this program.

 

2025 Stock Buyback Program 

 

On February 13, 2025, the Company announced that its Board approved a stock buyback program to repurchase up to $40 million of its common stock in the open market. The $40 million buyback program commenced on February 14, 2025 and terminated on February 12, 2026. For the three months ended March 31, 2026, and March 31, 2025 the Company did not repurchase shares under this program.

 

2024 Stock Buyback Program

 

On February 22, 2024, the Company announced that its Board approved a stock buyback program to repurchase up to $40 million of its common stock in the open market. The stock buyback program commenced on February 23, 2024 and terminated on February 22, 2025. For the three months ended March 31, 2025 the Company did not repurchase shares under this program.