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ATM Program | 6 Months Ended
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Jun. 30, 2025
Program Rights Obligations [Abstract] |
ATM Program | 14. ATM program On May 16, 2025, we filed an amendment to replace an existing Form S-3 shelf registration statement relating to (a) the issuance and sale from time to time in one or more transactions, of up to $65 million in aggregate of our common stock, preferred stock, debt securities and warrants and (b) an "At the Money" Offering Agreement prospectus covering the offering, issuance and sale of up to a maximum aggregate offering price of nearly $13.8 million of our common stock that may be sold under the applicable Sale Agreement (defined below) in "at the money" offerings (the "ATM program"). We entered into an At the Market Offering Agreement dated May 1, 2025 (the "Sale Agreement") with H.C. Wainwright & Co. LLC relating to the sale from time to time of shares of our common stock in accordance with the terms of the Sale Agreement having an aggregate offering price that does not exceed the number or dollar amount of shares of common stock that we may register from time to time for the ATM program, which is currently nearly $13.8 million, or certain annual limitations on our ability to currently utilize the total aggregate available capacity of the ATM program as a result of regulatory constraints due to the size of our non-affiliate market capitalization, our trading volume and other factors. We expect to use the net proceeds from offerings under the ATM program for general corporate purposes, including working capital and operating expenses. We may also use a portion of such proceeds to acquire or invest in businesses, products, services or technologies. We sold no shares of newly issued common stock under the ATM program under either the previously existing registration statement or the current amendment to that registration statement during the three and six months ended June 30, 2025 and 2024.

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