Annual report [Section 13 and 15(d), not S-K Item 405]

Stockholders’ Equity (Tables)

v3.26.1
Stockholders’ Equity (Tables)
12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Schedule of Stock Options Activity
The following table summarizes stock options activity during Fiscal 2025 and 2024 (in thousands, except per share data).
Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (in years) Total Intrinsic Value
Outstanding as of January 1, 2024 295 $ 72.95  4.8 $ 693 
Granted 184 60.05  7.0 — 
Forfeited (91) 74.81  —  — 
Outstanding as of December 31, 2024 388 66.40  4.8 693 
Granted 185 6.00  7.0 — 
Forfeited (93) 38.52  —  — 
Expired (2) 31.80  —  — 
Outstanding as of December 31, 2025 478 $ 48.60  4.6 $ — 
Options vested and exercisable 296 $ 55.54  3.9 $ — 
Schedule of Weighted Average Assumptions Used in Determining Fair Value of Options
The following table summarizes weighted average assumptions used in determining the fair value of the stock options at the date of grant during Fiscal 2025 and 2024:
For the years ended
December 31,
2025 2024
Exercise price $ 6.00  $ 6.01 
Expected term (years) 4.5 4.5
Expected stock price volatility 93  % 80  %
Risk-free rate of interest 4.0  % 4.2  %
Expected dividend yield (per share) % %
The following table summarizes weighted average assumptions used in determining the fair value of the warrants at the date of grant during the year ended December 31, 2025 and 2024:
For the years ended
December 31,
2025 2024
Exercise price $ 3.95  $ 9.00 
Expected term (years) 3.9 5.0
Expected stock price volatility 76.4  % 85.6  %
Risk-free rate of interest 3.1  % 4.3  %
Expected dividend yield (per share) % %
Schedule of Warrant Activity
The following table summarizes warrant activities during Fiscal 2025 and 2024 (in thousands, except per share data):
Number of Shares Weighted Average
Exercise
Price
Weighted Average
Remaining Contractual
Life
(in years)
Outstanding as of January 1, 2024 83 $ 11.16  1.9
Warrants granted 24 9.00  5.0
Warrants forfeited (45) 128.30 
Outstanding as of December 31, 2024 62 59.27  3.8
Warrants granted 695  5.17  3.0
Outstanding as of December 31, 2025 757 $ 9.58  4.4
Warrants vested and exercisable 757 $ 9.58  4.4