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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 (30,334)     (30,334)  
Unrealized holding gain on available-for-sale securities, net of tax 2,217       2,217
Total comprehensive (loss) income (28,117)     (30,334) 2,217
Share-based compensation expense $ 120 120      
Common stock, shares outstanding, ending balance (in shares) at Sep. 30, 2024 3,976,073        
Balance at Sep. 30, 2024 $ 16,386 106,790   (77,360) (13,044)
Common stock, shares outstanding, beginning balance (in shares) at Jun. 30, 2024 3,976,073        
Balance at Jun. 30, 2024 $ 40,527 106,735   (50,406) (15,802)
Comprehensive (loss) income:          
Net loss (26,954)     (26,954)  
Unrealized holding gain on available-for-sale securities, net of tax 2,758       2,758
Total comprehensive (loss) income (24,196)     (26,954) 2,758
Share-based compensation expense $ 55 55      
Common stock, shares outstanding, ending balance (in shares) at Sep. 30, 2024 3,976,073        
Balance at Sep. 30, 2024 $ 16,386 $ 106,790   (77,360) (13,044)
Common stock, shares outstanding, beginning balance (in shares) at Dec. 31, 2024 3,991,852 3,991,852      
Preferred stock, shares outstanding, beginning balance (in shares) at Dec. 31, 2024     0    
Balance at Dec. 31, 2024 $ 4,265 $ 106,854 $ 0 (86,908) (15,681)
Comprehensive (loss) income:          
Net loss (10,435)     (10,435)  
Unrealized holding gain on available-for-sale securities, net of tax 3,760       3,760
Total comprehensive (loss) income (6,675)     (10,435) 3,760
Preferred stock issuance, (in shares)     90,832    
Preferred Stock Issuance, Value 5,099   $ 5,099    
Preferred stock conversion (in shares)   7,266,560 (90,832)    
Preferred stock conversion 0 $ 5,099 $ (5,099)    
Common stock issuance, (in shares)   103,727,502      
Common stock issuance 89,232 $ 89,232      
Share-based compensation expense 3,102 $ 3,102      
Vesting of restricted stock (in shares)   5,103      
Vesting of restricted stock $ 0 $ 0      
Common stock, shares outstanding, ending balance (in shares) at Sep. 30, 2025 114,991,017 114,991,017      
Preferred stock, shares outstanding, ending balance (in shares) at Sep. 30, 2025     0    
Balance at Sep. 30, 2025 $ 95,023 $ 204,287 $ 0 (97,343) (11,921)
Common stock, shares outstanding, beginning balance (in shares) at Jun. 30, 2025   84,783,830      
Preferred stock, shares outstanding, beginning balance (in shares) at Jun. 30, 2025     90,832    
Balance at Jun. 30, 2025 66,201 $ 169,223 $ 5,099 (94,686) (13,435)
Comprehensive (loss) income:          
Net loss (2,657)     (2,657)  
Unrealized holding gain on available-for-sale securities, net of tax 1,514       1,514
Total comprehensive (loss) income (1,143)     (2,657) 1,514
Preferred stock conversion (in shares)   7,266,560 (90,832)    
Preferred stock conversion 0 $ 5,099 $ (5,099)    
Common stock issuance, (in shares)   22,940,627      
Common stock issuance   $ 28,159      
Share-based compensation expense $ 1,806 $ 1,806      
Common stock, shares outstanding, ending balance (in shares) at Sep. 30, 2025 114,991,017 114,991,017      
Preferred stock, shares outstanding, ending balance (in shares) at Sep. 30, 2025     0    
Balance at Sep. 30, 2025 $ 95,023 $ 204,287 $ 0 $ (97,343) $ (11,921)