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CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock
Preferred Stock
Accumulated Deficit
Accumulated Other Comprehensive (Loss) Income
Common stock, shares outstanding, beginning balance (in shares) at Dec. 31, 2023 3,976,073        
Balance at Dec. 31, 2023 $ 44,383 $ 106,670   $ (47,026) $ (15,261)
Comprehensive (loss) income:          
Net loss (3,380)     (3,380)  
Unrealized holding gain (loss) on available-for-sale securities, net of tax (541)       (541)
Total comprehensive (loss) income (3,921)     (3,380) (541)
Share-based compensation expense $ 65 65      
Common stock, shares outstanding, ending balance (in shares) at Jun. 30, 2024 3,976,073        
Balance at Jun. 30, 2024 $ 40,527 106,735   (50,406) (15,802)
Common stock, shares outstanding, beginning balance (in shares) at Mar. 31, 2024 3,976,073        
Balance at Mar. 31, 2024 $ 43,637 106,694   (47,325) (15,732)
Comprehensive (loss) income:          
Net loss (3,081)     (3,081)  
Unrealized holding gain (loss) on available-for-sale securities, net of tax (70)       (70)
Total comprehensive (loss) income (3,151)     (3,081) (70)
Share-based compensation expense $ 41 41      
Common stock, shares outstanding, ending balance (in shares) at Jun. 30, 2024 3,976,073        
Balance at Jun. 30, 2024 $ 40,527 106,735   (50,406) (15,802)
Common stock, shares outstanding, beginning balance (in shares) at Dec. 31, 2024 3,991,852        
Preferred stock, shares outstanding, beginning balance (in shares) at Dec. 31, 2024 0   0    
Balance at Dec. 31, 2024 $ 4,265 $ 106,854 $ 0 (86,908) (15,681)
Comprehensive (loss) income:          
Net loss (7,778)     (7,778)  
Unrealized holding gain (loss) on available-for-sale securities, net of tax 2,246       2,246
Total comprehensive (loss) income (5,532)     (7,778) 2,246
Stock issuance (in shares)   80,786,875 90,832    
Preferred stock issuance     $ 5,099    
Common stock issuance   $ 61,073      
Share-based compensation expense $ 1,296 $ 1,296      
Vesting of restricted stock (in shares)   1,017,501      
Common stock, shares outstanding, ending balance (in shares) at Jun. 30, 2025 85,796,228 85,796,228      
Preferred stock, shares outstanding, ending balance (in shares) at Jun. 30, 2025 90,832   90,832    
Balance at Jun. 30, 2025 $ 66,201 $ 169,223 $ 5,099 (94,686) (13,435)
Common stock, shares outstanding, beginning balance (in shares) at Mar. 31, 2025   73,725,292      
Preferred stock, shares outstanding, beginning balance (in shares) at Mar. 31, 2025     90,832    
Balance at Mar. 31, 2025 57,146 $ 155,964 $ 5,099 (89,685) (14,232)
Comprehensive (loss) income:          
Net loss (5,001)     (5,001)  
Unrealized holding gain (loss) on available-for-sale securities, net of tax 797       797
Total comprehensive (loss) income (4,204)     (5,001) 797
Stock issuance (in shares)   11,053,435      
Common stock issuance   $ 12,144      
Share-based compensation expense $ 1,115 $ 1,115      
Vesting of restricted stock (in shares)   1,017,501      
Common stock, shares outstanding, ending balance (in shares) at Jun. 30, 2025 85,796,228 85,796,228      
Preferred stock, shares outstanding, ending balance (in shares) at Jun. 30, 2025 90,832   90,832    
Balance at Jun. 30, 2025 $ 66,201 $ 169,223 $ 5,099 $ (94,686) $ (13,435)