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

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY

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CONSOLIDATED STATEMENT 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     6,098   6,098
Exercise of stock options for cash     207   207
Exercise of stock options for cash (In shares)   122,510      
Issuance of common stock for vested restricted stock units (in shares)   1,058,374      
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     7,877   7,877
Issuance of common stock, ATM offering, net of issuance costs (in shares)   1,564,310      
Net loss       (14,672) (14,672)
Balance at ending at Dec. 31, 2024 $ 1 $ 1 107,094 (87,027) 20,069
Balance at ending (in shares) at Dec. 31, 2024 6,000,000 16,153,610      
CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY          
Share-based compensation     6,288   6,288
Exercise of stock options for cash, net of shares withheld   $ 1 349   350
Exercise of stock options for cash, net of shares withheld (in shares)   1,409,420      
Issuance of common stock for vested restricted stock units (in shares)   944,946      
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     16,359   16,359
Issuance of common stock, ATM offering, net of issuance costs (in shares)   2,582,107      
Net loss       (11,431) (11,431)
Balance at ending at Dec. 31, 2025 $ 1 $ 2 $ 130,307 $ (98,458) $ 31,852
Balance at ending (in shares) at Dec. 31, 2025 6,000,000 21,144,655