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Subsequent Events | 12 Months Ended
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Dec. 31, 2025
Subsequent Events [Abstract] |
Subsequent Events | Note 18 – Subsequent Events Reverse Stock Split On December 5, 2025, the Company’s stockholders approved an amendment to the Company’s Amended and Restated Certificate of Incorporation to effect a reverse stock split (the “Reverse Stock Split”). On December 29, 2025, the Company’s Board of Directors approved a reverse stock split ratio of 1-for-30. The Company filed the amendment with the Secretary of State of the State of Utah, and the Reverse Stock Split became effective on January 1, 2026. As a result of the Reverse Stock Split, every 30 shares of the Company’s issued and outstanding common stock were automatically combined into one share of common stock without any change in par value per share. Fractional shares were rounded up to the nearest whole share. The Reverse Stock Split reduced the number of shares of common stock outstanding from 62,850,916 shares to 2,095,031 shares. The number of authorized shares of common stock and the par value per share remained unchanged. All share and per-share amounts presented in the accompanying consolidated financial statements, including loss per share, weighted-average shares outstanding, stock-based compensation awards, and warrants, have been retroactively adjusted to reflect the Reverse Stock Split for all periods presented. Nasdaq Listing Status Subsequent to December 31, 2025, the Company regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2). As previously disclosed, the Company’s common stock had been subject to a bid price deficiency and was suspended from trading on The Nasdaq Capital Market effective January 14, 2026. On March 9, 2026, the Company received written notice from The Nasdaq Stock Market LLC indicating that it had demonstrated compliance with the $1.00 minimum bid price requirement and all other applicable criteria for continued listing. Accordingly, trading of the Company’s common stock on The Nasdaq Capital Market resumed at the open of market on March 11, 2026. Nasdaq also notified the Company that it will be subject to a Discretionary Panel Monitor through March 9, 2027. During this monitoring period, if the Company’s closing bid price falls below $1.00 per share for 30 consecutive business days, Nasdaq may issue a delisting determination without providing an additional compliance period. Operating Lease Amendment Subsequent to December 31, 2025, the Company entered into an amendment to its existing operating lease agreement for its corporate headquarters located in Salt Lake City, Utah. The amendment extends the lease term from its original expiration date of February 28, 2026, to December 31, 2028, and includes fixed annual rent escalations consistent with the original agreement. No other material terms of the lease were modified. Common Stock Sales Under At-the-Market Agreement Subsequent to December 31, 2025, the Company sold 1,507,434 shares of common stock under the Agreement, resulting in net proceeds to the Company of $4,334,671.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483399/855-10-50-2 + Details
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