Quarterly report [Sections 13 or 15(d)]

EQUITY (Tables)

v3.26.1
EQUITY (Tables)
6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Schedule of Warrants Outstanding and Exercisable The following table summarizes the status of warrants and related transactions:
Non-Derivative (Equity) Warrants
Derivative Liabilities Warrants
Total Number of Warrants Weighted - Average Exercise Price
Balance as of January 1, 2026
57,994,087 21,400,000 79,394,087 $ 0.95 
Granted 100,000  —  100,000  $ 0.48 
Balance as of June 30, 2026
58,094,087 21,400,000 79,494,087 $ 0.95 
Exercisable as of June 30, 2026
56,724,087 21,400,000 78,124,087 $ 0.96 
Schedule of Share-Based Payment Award, Warrants, Valuation Assumptions The following assumptions were used for the calculation at date of issuance:
Weighted average stock price $0.49
Weighted average expected stock price volatility 106.4%
Expected annual dividend yield 0%
Weighted average expected life of warrants
5.0 years
Weighted average risk-free annual interest rate 4.2%
Weighted average grant date fair value $0.39
Schedule of Stock Options Outstanding
The following table summarizes the status of stock options and related transactions:
Number of Stock Options Weighted-Average Per Share Exercise Price
Issued and Outstanding as of January 1, 2026 26,597,918  $ 0.75 
Granted 420,000  $ 0.48 
Exercised
(1,666) $ 0.30 
Cancelled/forfeited/expired (98,333) $ 0.59 
Issued and Outstanding as of June 30, 2026 26,917,919  $ 0.74 
Exercisable as of June 30, 2026 20,050,888  $ 0.82 
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions The following assumptions were used for the calculation at date of grant:
Six Months Ended June 30,
2026 2025
Weighted average stock price $0.47 $0.29
Weighted average expected stock price volatility 104.3% 92.0%
Expected annual dividend yield 0% 0%
Weighted average expected life 5.4 years 5.0 years
Weighted average risk-free annual interest rate 4.3% 4.0%
Weighted average grant date fair value $0.38 $0.21
Schedule of Components of Share-based Compensation Expense
The components of share-based compensation expense, net, are as follows:
Three Months Ended June 30, Six Months Ended June 30,
2026 2025 2026 2025
Stock options expense (forfeiture)
$ 255  $ 307  $ 520  $ (74)
Restricted stock —  —  68  — 
Warrants 57  67  116  141 
Total share-based compensation expense, net $ 312  $ 374  $ 704  $ 67