Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Shareholders' Equity (Unaudited)

v3.25.2
Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($)
$ in Thousands
Common Stock [Member]
AOCI Attributable to Parent [Member]
Retained Earnings [Member]
Total
Balances (in shares) at Dec. 31, 2023 37,958,000      
Balances at Dec. 31, 2023 $ 166,609 $ 6 $ (115,558) $ 51,057
Issuance of common shares upon the vesting and settlement of restricted stock units (in shares) 5,916      
Issuance of common shares upon the vesting and settlement of restricted stock units $ 0 0 0 0
Share-based compensation expense 488 0 0 488
Unrealized loss on marketable securities 0 (45) 0 (45)
Net loss $ 0 0 (5,151) (5,151)
Balance (in shares) at Mar. 31, 2024 37,963,916      
Balance at Mar. 31, 2024 $ 167,097 (39) (120,709) 46,349
Balances (in shares) at Dec. 31, 2023 37,958,000      
Balances at Dec. 31, 2023 $ 166,609 6 (115,558) $ 51,057
Issuance of common shares upon the vesting and settlement of restricted stock units (in shares)       11,832
Issuance of common shares upon the exercise of stock options (in shares)       2,750
Unrealized loss on marketable securities       $ (57)
Net loss       (10,270)
Balance (in shares) at Jun. 30, 2024 42,692,582      
Balance at Jun. 30, 2024 $ 179,294 (51) (125,828) 53,415
Balances (in shares) at Mar. 31, 2024 37,963,916      
Balances at Mar. 31, 2024 $ 167,097 (39) (120,709) 46,349
Issuance of common shares upon the vesting and settlement of restricted stock units (in shares) 5,916      
Issuance of common shares upon the vesting and settlement of restricted stock units $ 0 0 0 0
Issuance of common shares upon the exercise of stock options (in shares) 2,750      
Issuance of common shares upon the exercise of stock options $ 7 0 0 7
Share-based compensation expense 443 0 0 443
Unrealized loss on marketable securities 0 (12) 0 (12)
Net loss $ 0 0 (5,119) (5,119)
Balance (in shares) at Jun. 30, 2024 42,692,582      
Balance at Jun. 30, 2024 $ 179,294 (51) (125,828) 53,415
Issuance of common shares net of offering costs of $0.1 million (in shares) 4,720,000      
Issuance of common shares net of offering costs of $0.1 million $ 11,747 0 0 11,747
Balances (in shares) at Dec. 31, 2024 42,818,660      
Balances at Dec. 31, 2024 $ 180,697 23 (140,002) 40,718
Issuance of common shares upon the vesting and settlement of restricted stock units (in shares) 3,805      
Issuance of common shares upon the vesting and settlement of restricted stock units $ 0 0 0 0
Issuance of common shares upon the exercise of stock options (in shares) 37,000      
Issuance of common shares upon the exercise of stock options $ 94 0 0 94
Share-based compensation expense 867 0 0 867
Unrealized loss on marketable securities 0 (18) 0 (18)
Net loss $ 0 0 (7,707) (7,707)
Balance (in shares) at Mar. 31, 2025 42,859,465      
Balance at Mar. 31, 2025 $ 181,658 5 (147,709) 33,954
Balances (in shares) at Dec. 31, 2024 42,818,660      
Balances at Dec. 31, 2024 $ 180,697 23 (140,002) $ 40,718
Issuance of common shares upon the vesting and settlement of restricted stock units (in shares)       7,608
Issuance of common shares upon the exercise of stock options (in shares)       103,875
Unrealized loss on marketable securities       $ (37)
Net loss       $ (15,406)
Issuance of common shares in settlement of deferred stock units (in shares)       142,345
Balance (in shares) at Jun. 30, 2025 43,072,488      
Balance at Jun. 30, 2025 $ 182,592 (14) (155,408) $ 27,170
Balances (in shares) at Mar. 31, 2025 42,859,465      
Balances at Mar. 31, 2025 $ 181,658 5 (147,709) 33,954
Issuance of common shares upon the vesting and settlement of restricted stock units (in shares) 3,803      
Issuance of common shares upon the vesting and settlement of restricted stock units $ 0 0 0 0
Issuance of common shares upon the exercise of stock options (in shares) 66,875      
Issuance of common shares upon the exercise of stock options $ 163 0 0 163
Share-based compensation expense 771 0 0 771
Unrealized loss on marketable securities 0 (19) 0 (19)
Net loss $ 0 0 (7,699) (7,699)
Issuance of common shares in settlement of deferred stock units (in shares) 142,345      
Balance (in shares) at Jun. 30, 2025 43,072,488      
Balance at Jun. 30, 2025 $ 182,592 $ (14) $ (155,408) $ 27,170