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

Summary of Significant Accounting Policies (Tables)

v3.26.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2025
Summary of Significant Accounting Policies [Abstract]  
Schedule of Inventory

Inventory consists of the following:

 

(dollars in thousands)   December 31,
2025
    December 31,
2024
 
Raw Material   $ 14,153     $ 4,354  
Work in Process     1,470       306  
Finished Goods     7,992       5,383  
Less Inventory Reserves     (1,652 )     (221 )
Total Inventory, Net   $ 21,963     $ 9,822  
Schedule of Dilutive Securities Excluded from Diluted Net Loss Per Share

The following potentially dilutive securities for the years ended December 31, 2025 and 2024 have been excluded from the computation of diluted net loss per share because the effect of their inclusion would have been anti-dilutive.

 

    Years Ended
December 31,
 
    2025     2024  
Warrants to purchase common stock     75,476,378       26,490,110  
Options to purchase common stock     20,014,381       4,289,359  
Potential shares issuable under 2022 Convertible Promissory Notes    
-
      19,356,876  
Potential shares issuable under 2023 Additional Notes    
-
      30,011,617  
Potential shares issuable under 2024 Additional Notes    
-
      119,544,155  
Restricted stock units     9,110,776       252,417  
Total potentially dilutive securities     104,601,535       199,944,534