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Stockholders’ Equity (Tables)

3 Months Ended

Mar. 31, 2026

Stockholders’ Equity [Abstract]

Schedule of Warrants Outstanding

The Company issued warrants in connection with various financing transactions and agreements. The Company had the following warrants outstanding at March 31, 2026 and December 31, 2025 (in thousands):

		March 31,				December 31,
		2026				2025
2024 Warrants			20,000				20,000
2025 Warrants			6,230				6,230
2025 Additional Warrants			6,557				6,557
SGI Warrants			8,000				8,000
Total Warrants			40,787				40,787

Schedule of Exercise Price

The following table provides the exercise price and expiration date for each warrant tranche as of March 31, 2026:

		Warrant Share Equivalent (000’s)				Exercise Price(1)				Expiration Date
2024 Warrants			20,000			$	1.50			January 23, 2034
2025 Warrants			6,230			$	1.50			March 12, 2035
2025 Additional Warrants			6,557			$	1.50			March 12, 2035
SGI Warrants			8,000			$	1.50			March 12, 2035

(1) Subject to adjustment.

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- Definition

Tabular disclosure of the changes in the guarantor's aggregate warrants outstanding liability, including the beginning balance of the aggregate warrants outstanding liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to warrants outstanding during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the warrants outstanding.

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- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-3

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