Quarterly report [Sections 13 or 15(d)]

Unaudited Condensed Consolidated Statements of Changes in Stockholders' Equity

v3.25.2
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     3,080   3,080
Exercise of stock options for cash     99   99
Exercise of stock options for cash (In shares)   70,044      
Issuance of common stock for vested restricted stock units (in shares)   282,195      
Issuance of common stock under ESPP     85   85
Issuance of common stock under ESPP (in shares)   52,211      
Issuance of common stock, ATM offering, net of issuance costs     1,484   1,484
Issuance of common stock, ATM offering, net of issuance costs (in shares)   289,744      
Net loss       (13,803) (13,803)
Balance at ending at Jun. 30, 2024 $ 1 $ 1 97,451 (86,158) 11,295
Balance at ending (in shares) at Jun. 30, 2024 6,000,000 14,018,146      
Balance at beginning at Mar. 31, 2024 $ 1 $ 1 95,746 (82,797) 12,951
Balance at beginning (in shares) at Mar. 31, 2024 6,000,000 13,932,310      
CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY          
Share-based compensation     1,674   1,674
Exercise of stock options for cash     31   31
Exercise of stock options for cash (In shares)   14,669      
Issuance of common stock under ESPP (in shares)   71,167      
Net loss       (3,361) (3,361)
Balance at ending at Jun. 30, 2024 $ 1 $ 1 97,451 (86,158) 11,295
Balance at ending (in shares) at Jun. 30, 2024 6,000,000 14,018,146      
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     2,659   2,659
Exercise of stock options for cash     240   240
Exercise of stock options for cash (In shares)   133,703      
Issuance of common stock for vested restricted stock units (in shares)   324,159      
Issuance of common stock under ESPP     99   99
Issuance of common stock under ESPP (in shares)   25,641      
Issuance of common stock, ATM offering, net of issuance costs     4,048   4,048
Issuance of common stock, ATM offering, net of issuance costs (in shares)   834,722      
Net loss       (7,869) (7,869)
Balance at ending at Jun. 30, 2025 $ 1 $ 1 114,140 (94,896) 19,246
Balance at ending (in shares) at Jun. 30, 2025 6,000,000 17,471,835      
Balance at beginning at Mar. 31, 2025 $ 1 $ 1 112,639 (91,100) 21,541
Balance at beginning (in shares) at Mar. 31, 2025 6,000,000 17,104,437      
CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY          
Share-based compensation     1,336   1,336
Exercise of stock options for cash     165   165
Exercise of stock options for cash (In shares)   93,660      
Issuance of common stock for vested restricted stock units (in shares)   273,738      
Net loss       (3,796) (3,796)
Balance at ending at Jun. 30, 2025 $ 1 $ 1 $ 114,140 $ (94,896) $ 19,246
Balance at ending (in shares) at Jun. 30, 2025 6,000,000 17,471,835