Quarterly report [Sections 13 or 15(d)]

Loss Per Share - Schedule of Loss Per Share Computation (Details)

v3.26.1
Loss Per Share - Schedule of Loss Per Share Computation (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Numerator:        
Net loss $ (11,115,971) $ (7,454,176) [1] $ (20,382,052) $ (15,021,363)
Preferred stock dividend (214,298) 0 (405,548) 0
Net loss attributable to Common Stockholders (11,330,269) (7,454,176) (20,787,600) (15,021,363)
Net loss attributable to Common Stockholders $ (11,330,269) $ (7,454,176) $ (20,787,600) $ (15,021,363)
Denominator:        
Weighted average shares outstanding, basic (in shares) [2] 5,367,986 402,876 4,608,495 392,105
Weighted average shares outstanding, diluted (in shares) [2] 5,367,986 402,876 4,608,495 392,105
Basic loss per share (in dollars per share) [2] $ (2.11) $ (18.50) $ (4.51) $ (38.31)
Diluted loss per share (in dollars per share) [2] $ (2.11) $ (18.50) $ (4.51) $ (38.31)
Anti-dilutive securities excluded from shares outstanding:        
Total anti-dilutive securities excluded from shares outstanding (in shares) 3,673,228 455,123 3,670,360 455,268
Stock options        
Anti-dilutive securities excluded from shares outstanding:        
Total anti-dilutive securities excluded from shares outstanding (in shares) 80 169 85 205
Restricted and performance stock units        
Anti-dilutive securities excluded from shares outstanding:        
Total anti-dilutive securities excluded from shares outstanding (in shares) 7,077 1,755 4,204 1,864
Warrants        
Anti-dilutive securities excluded from shares outstanding:        
Total anti-dilutive securities excluded from shares outstanding (in shares) 7,575 7,576 7,575 7,576
Earnout shares        
Anti-dilutive securities excluded from shares outstanding:        
Total anti-dilutive securities excluded from shares outstanding (in shares) 2,894 2,894 2,894 2,894
SeaTrepid earnout shares        
Anti-dilutive securities excluded from shares outstanding:        
Total anti-dilutive securities excluded from shares outstanding (in shares) 0 83,944 0 83,944
Convertible debt        
Anti-dilutive securities excluded from shares outstanding:        
Total anti-dilutive securities excluded from shares outstanding (in shares) 479,800 110,871 479,800 110,871
Series A, B and C Convertible Preferred Stock        
Anti-dilutive securities excluded from shares outstanding:        
Total anti-dilutive securities excluded from shares outstanding (in shares) 3,175,802 247,914 3,175,802 247,914
[1] Reflects the 1-for-9 reverse split effected September 5, 2025 and the 1-for-8 effected April 21, 2026.
[2] Reflects the 1-for-9 reverse split effected September 5, 2025 and the 1-for-8 effected April 21, 2026.