XML 31 R21.htm IDEA: XBRL DOCUMENT
v3.26.1

Net Loss per Share | 6 Months Ended
--- | ---
Jun. 30, 2026
Earnings Per Share [Abstract] |
Net Loss per Share | Net Loss per Share Basic loss per share of common stock is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. For purposes of calculating net loss per share, the weighted-average number of common shares outstanding includes the weighted average effect of the pre-funded warrants issued in March 2025 and in November 2025, the exercise of which requires little or no consideration for the delivery of shares of common stock. Diluted earnings or loss per share of common stock is computed similarly to basic loss or earnings per share except the weighted average shares outstanding are increased to include additional shares from the assumed exercise of any common stock equivalents, if dilutive. The Company’s convertible preferred stock, warrants, stock options and RSUs, and Conversion Shares, while outstanding, are considered common stock equivalents for this purpose. Diluted earnings is computed utilizing the treasury method for the warrants, stock options and RSUs. Diluted earnings is computed utilizing the if-converted method for the Conversion Shares. Diluted earnings with respect to the convertible preferred stock utilizing the if-converted method was not applicable during the periods presented as no conditions required for conversion had occurred. For the three months ended June 30, 2026, the dilutive effect of the March 2025 Warrants and the March 2025 Private Placement Warrants issued by the Company is reflected in diluted earnings per share (“EPS”) using the treasury stock method. For the six months ended June 30, 2026 and the three and six months ended June 30, 2025, the net loss, basic and diluted EPS are the same as the assumed exercise of stock options, warrants and restricted stock units are anti-dilutive.
| Three Months Ended June 30, 2026 |  | Six Months Ended June 30, 2025
| 2026 |  | 2025 |  | 2026 |  | 2025
Net loss | (8,098) |  | (7,420) |  | (73,633) |  | (15,614)
Less: Change in fair value of March 2025 Warrants and March 2025 Private Placement Warrants | (7,387) |  | — |  | — |  | —
Adjusted diluted net loss | (15,485) |  | (7,420) |  | (73,633) |  | (15,614)
Weighted average shares outstanding | 95,483,280 |  |  | 63,376,392 |  |  | 91,211,050 |  |  | 48,712,124 |
Add: Dilutive effect of March 2025 Warrants and March 2025 Private Placement Warrants | 15,900,731 |  |  | — |  | — |  | —
Weighted average diluted shares outstanding | 111,384,011 |  | 63,376,392 |  | 91,211,050 |  | 48,712,124
Net loss per share - basic | $ | (0.08) |  |  | $ | (0.12) |  |  | $ | (0.81) |  |  | $ | (0.32) |
Net loss per share - diluted | $ | (0.14) |  |  | $ | (0.12) |  |  | $ | (0.81) |  |  | $ | (0.32) |
The following potential common shares were not considered in the computation of diluted net loss per share as their effect would have been anti-dilutive for the periods presented below:
| Three Months Ended June 30, 2026 |  | Six Months Ended June 30, 2025
| 2026 |  | 2025 |  | 2026 |  | 2025
Warrants | 3,715,561 |  | 22,904,879 |  | 19,616,292 |  | 22,904,879
Stock options | 7,813,751 |  | 7,255,635 |  | 7,813,751 |  | 7,255,635
RSUs | 4,260,424 |  | 2,091,227 |  | 4,260,424 |  | 2,091,227
Conversion shares | 525,015 |  | — |  | 525,015 |  | —
Total | 16,314,751 |  | 32,251,741 |  | 32,215,482 |  | 32,251,741

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 The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482635/260-10-55-12 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 20 -Name Accounting Standards Codification -Section 05 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481468/505-20-05-5 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration