Quarterly report [Sections 13 or 15(d)]

Unaudited Condensed Consolidated Statements of Changes in Stockholders' Equity

v3.25.3
Unaudited Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($)
$ in Thousands
Common Stock
Common Stock Class A
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Total
Balance at beginning at Dec. 31, 2023 $ 1 $ 1 $ 92,703 $ (72,355) $ 20,350
Balance at beginning (in shares) at Dec. 31, 2023 6,000,000 13,323,952      
CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY          
Share-based compensation     4,720   4,720
Exercise of stock options for cash     162   162
Exercise of stock options for cash (In shares)   101,568      
Issuance of common stock for vested restricted stock units (in shares)   893,901      
Issuance of common stock under ESPP     209   209
Issuance of common stock under ESPP (in shares)   84,464      
Issuance of common stock, ATM offering, net of issuance costs     1,678   1,678
Issuance of common stock, ATM offering, net of issuance costs (in shares)   325,019      
Net loss       (16,193) (16,193)
Balance at ending at Sep. 30, 2024 $ 1 $ 1 99,472 (88,548) 10,926
Balance at ending (in shares) at Sep. 30, 2024 6,000,000 14,728,904      
Balance at beginning at Jun. 30, 2024 $ 1 $ 1 97,451 (86,158) 11,295
Balance at beginning (in shares) at Jun. 30, 2024 6,000,000 14,018,146      
CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY          
Share-based compensation     1,640   1,640
Exercise of stock options for cash     63   63
Exercise of stock options for cash (In shares)   31,524      
Issuance of common stock for vested restricted stock units (in shares)   611,706      
Issuance of common stock under ESPP     124   124
Issuance of common stock under ESPP (in shares)   32,253      
Issuance of common stock, ATM offering, net of issuance costs     194   194
Issuance of common stock, ATM offering, net of issuance costs (in shares)   35,275      
Net loss       (2,390) (2,390)
Balance at ending at Sep. 30, 2024 $ 1 $ 1 99,472 (88,548) 10,926
Balance at ending (in shares) at Sep. 30, 2024 6,000,000 14,728,904      
Balance at beginning at Dec. 31, 2024 $ 1 $ 1 107,094 (87,027) 20,069
Balance at beginning (in shares) at Dec. 31, 2024 6,000,000 16,153,610      
CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY          
Share-based compensation     4,513   4,513
Exercise of stock options for cash, net of shares withheld   $ 1 343   344
Exercise of stock options for cash, net of shares withheld (in shares)   1,404,920      
Issuance of common stock for vested restricted stock units (in shares)   927,446      
Issuance of common stock under ESPP     217   217
Issuance of common stock under ESPP (in shares)   54,572      
Issuance of common stock, ATM offering, net of issuance costs     10,939   10,939
Issuance of common stock, ATM offering, net of issuance costs (in shares)   1,832,107      
Net loss       (10,184) (10,184)
Balance at ending at Sep. 30, 2025 $ 1 $ 2 123,106 (97,211) 25,898
Balance at ending (in shares) at Sep. 30, 2025 6,000,000 20,372,655      
Balance at beginning at Jun. 30, 2025 $ 1 $ 1 114,140 (94,896) 19,246
Balance at beginning (in shares) at Jun. 30, 2025 6,000,000 17,471,835      
CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY          
Share-based compensation     1,854   1,854
Exercise of stock options for cash, net of shares withheld   $ 1 103   104
Exercise of stock options for cash, net of shares withheld (in shares)   1,271,217      
Issuance of common stock for vested restricted stock units (in shares)   603,287      
Issuance of common stock under ESPP     118   118
Issuance of common stock under ESPP (in shares)   28,931      
Issuance of common stock, ATM offering, net of issuance costs     6,891   6,891
Issuance of common stock, ATM offering, net of issuance costs (in shares)   997,385      
Net loss       (2,315) (2,315)
Balance at ending at Sep. 30, 2025 $ 1 $ 2 $ 123,106 $ (97,211) $ 25,898
Balance at ending (in shares) at Sep. 30, 2025 6,000,000 20,372,655