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Shareholders' Equity | 3 Months Ended
--- | ---
Mar. 31, 2024
Shareholders' Equity |
Shareholders' Equity | 8. Shareholders' Equity
|  | Three months ended March 31, |
|  | 2024 |  |  | 2023 |
Common stock and additional paid-in capital |  |  |  |  |  |  |  |
Balance, beginning of period |  | $ | 46,071 |  |  | $ | 74,934 |
Dividends declared |  |  | (14,496 | ) |  |  | — |
Issuance of common stock and warrants, net |  |  | — |  |  |  | 1 |
Share-based compensation expense |  |  | 26 |  |  |  | 22 |
Proceeds from employee stock purchase plan |  |  | 7 |  |  |  | — |
Balance, end of period |  | $ | 31,608 |  |  | $ | 74,957 |
Accumulated other comprehensive loss |  |  |  |  |  |  |  |
Balance, beginning of period |  | $ | (310 | ) |  | $ | (288 | )
Unrealized loss on available-for-sale securities, net of tax |  |  | 22 |  |  |  | — |
Foreign currency translation adjustment |  |  | (2 | ) |  |  | 5 |
Balance, end of period |  | $ | (290 | ) |  | $ | (283 | )
Accumulated deficit |  |  |  |  |  |  |  |
Balance, beginning of period |  | $ | (1,076 | ) |  | $ | (516 | )
Net loss |  |  | (1,898 | ) |  |  | (832 | )
Balance, end of period |  | $ | (2,974 | ) |  | $ | (1,348 | )
Total shareholders' equity |  | $ | 28,344 |  |  | $ | 73,326 |
Issue of Common Stock and Warrants On September 12, 2021, the Company entered into a securities purchase agreement with certain purchasers named therein, pursuant to which the Company issued 3,623,189 shares of the Company's common stock, par value $0.001 per share at an offering price of $2.76 per share. The Company received gross proceeds of approximately $10,000 and net proceeds of $9,288 after deducting placement agent fees and related offering expenses. In a concurring private placement the Company also issued to the same purchasers warrants exercisable for an aggregate of 3,623,189 shares of common stock at an exercise price of $2.76 per share. Each warrant became immediately exercisable and will expire on March 15, 2027. On January 4, 2022, the Company entered into a Securities Purchase Agreement with Edward D. Bagley, an affiliate of the Company, pursuant to which the Company agreed to issue and sell, in a private placement 1,538,461 shares (the “Shares”) of the Company’s common stock, par value $0.001 per share, at a purchase price of $1.30 per share of Common Stock. The consideration for the Shares is the cancellation and termination of Mr. Bagley’s outstanding bridge loan to the Company in the principal amount of $2,000 originally issued on July 2, 2021 and amended and restated on September 11, 2021. Mr. Bagley is an affiliate of the Company and the Company’s single largest stockholder.

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