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Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2025
Accounting Policies [Abstract] |
Schedule of Error Corrections and Prior Period Adjustments | The following analysis provides a comparison amongst the basic and diluted EPS as reported on the Form 10-Q for the quarter ended June 30, 2024, and the final revised basic and diluted EPS calculation to correct all identified errors:
| For the three months ended June 30, 2024 |  | For the six months ended June 30, 2024
| As reported |  | As Revised |  | Change |  | As reported |  | As Revised |  | Change
Basic and Diluted net loss per share | $ | (2.97) |  |  | $ | (3.62) |  |  | $ | (0.65) |  |  | $ | (5.68) |  |  | $ | (6.38) |  |  | $ | (0.70) |
Weighted average shares outstanding (Basic and Diluted) | 4,553,696 |  |  | 3,747,160 |  |  | (806,536) |  |  | 3,683,558 |  |  | 3,275,290 |  |  | (408,268) |
The following analysis provides a comparison amongst the basic and diluted EPS as reported on the Form 10-Q for the quarter ended September 30, 2024, and the final revised basic and diluted EPS calculation to correct all identified errors:
| For the three months ended September 30, 2024 |  | For the nine months ended September 30, 2024
| As reported |  | As Revised |  | Change |  | As reported |  | As Revised |  | Change
Basic and Diluted net loss per share | $ | (1.29) |  |  | $ | (1.56) |  |  | $ | (0.27) |  |  | $ | (6.00) |  |  | $ | (7.15) |  |  | $ | (1.15) |
Weighted average shares outstanding (Basic and Diluted) | 7,738,664 |  |  | 6,388,335 |  |  | (1,350,329) |  |  | 5,147,602 |  |  | 4,320,546 |  |  | (827,056) |
The following analysis provides a comparison amongst the basic and diluted EPS as reported on the Form 10-K for the year ended December 31, 2024, and the final revised basic and diluted EPS calculation to correct all identified errors:
| For the year ended December 31, 2024
| As reported |  | As Revised |  | Change
Basic and Diluted net loss per share | $ | (12.15) |  |  | $ | (14.94) |  |  | $ | (2.79) |
Weighted average shares outstanding (Basic and Diluted) | 6,280,915 |  |  | 5,109,339 |  |  | (1,171,576) |
The following analysis provides a comparison amongst the basic and diluted EPS as reported on the Form 10-Q for the quarter ended March 31, 2025, and the final revised basic and diluted EPS calculation to correct all identified errors:
| For the three months ended March 31, 2025
| As reported |  | As Revised |  | Change
Basic and Diluted net loss per share | $ | (0.88) |  |  | $ | (1.21) |  |  | $ | (0.33) |
Weighted average shares outstanding (Basic and Diluted) | 11,939,983 |  |  | 8,719,351 |  |  | (3,220,632) |
The following analysis provides a comparison amongst the basic and diluted EPS as reported on the Form 10-Q for the quarter ended June 30, 2025, and the final revised basic and diluted EPS calculation to correct all identified errors:
| For the three months ended June 30, 2025 |  | For the six months ended June 30, 2025
| As reported |  | As Revised |  | Change |  | As reported |  | As Revised |  | Change
Basic and Diluted net loss per share | $ | (0.69) |  |  | $ | (0.93) |  |  | $ | (0.24) |  |  | $ | (1.55) |  |  | $ | (2.10) |  |  | $ | (0.55) |
Weighted average shares outstanding (Basic and Diluted) | 14,991,125 |  |  | 11,146,142 |  |  | (3,844,983) |  |  | 13,473,983 |  |  | 9,939,450 |  |  | (3,534,533) |
Schedule of Property Plant and Equipment Estimated Useful Lives | Property, plant and equipment are stated at cost and depreciated using the straight-line method over their estimated useful lives as follows:
Leasehold improvements | Lesser of the life of the lease or the useful life of the improvement
Computers and related software | 3 to 5 years
Cryptocurrency miners | 3 years
Machinery and equipment | 5 to 15 years
Office furniture, equipment and fixtures | 2 to 10 years
Buildings | 30-40 years
Purchased pre-fabricated buildings | 15-20 years
Fair Value Measurement Inputs and Valuation Techniques | The following table represents the significant fair value assumptions used for the Generate Warrants issued or revalued during the year ended December 31, 2025.
| 2025
Stock price | $0.72 – 2.75
Conversion price | $0.0001 - 1.18
Expected term in years | 4.85 - 5.00
Volatility | 130.0 - 139%
Risk-free interest rate | 3.63- 3.76%
The following table represents the significant fair value assumptions used for the Pre-funded, Series A, and Series B warrants issued or revalued during the year ended December 31, 2025:
| 2025
Stock price | $0.60 – 4.29
Conversion price | $0.0010 - 0.55
Expected term in years | 1.79 - 5.00
Volatility | 130 - 140%
Risk-free interest rate | 3.51- 3.99%
The following table represents the significant fair value assumptions used for the December Pre-funded warrants, Series C, and Placement Agent Warrants for the year ended December 31, 2025:
| 2025
Stock price | $ | 1.66 |
Conversion price | $0.0010 - 2.21
Expected term in years | 5.00
Volatility | 139.5 | %
Risk-free interest rate | 3.68 | %
The following table represents the significant fair value assumptions used for warrants issued or repriced during the year ended December 31, 2024:
|  |  | 2024
Stock price |  |  | $2.43- 4.07
Exercise price |  |  | $0.01- 287.50
Expected term in years |  |  | 0.53- 8.77
Expected dividend |  |  | 0.00 | %
Volatility |  |  | 105.00 – 138%
Risk-free interest rate |  |  | 3.51- 4.44%
Schedule of Fair Value Assumptions For Convertible Notes | The following table represents the significant and subjective fair value assumptions used for Convertible Notes during the years ended December 31, 2024:
|  |  | 2024
Stock price |  |  | $2.88 – 6.09
Conversion price |  |  | $2.30 – 3.78
Volatility |  |  | 80.00 – 115%
Risk-free interest rate |  |  | 4.73- 5.46%
Schedule of Changes in Level 3 Financial Liabilities Carried at Fair Value | Changes in Level 3 Financial Liabilities Carried at Fair Value for the Convertible Notes
(Dollars in thousands) |
Balance December 31, 2023 | $ | 8,474 |
Conversions of debt (January 1, 2024- February 28, 2024) | (550) |
Total revaluation gains | (409) |
Balance, February 28, 2024 (date of Fourth Amendment) | 7,515 |
Conversions of debt (March 1, 2024- December 31, 2024) | (8,451) |
Total revaluation losses, net (March 1, 2024- December 31, 2024) | 611 |
Extension fee | 325 |
Balance December 31, 2024 | $ | — |

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