Quarterly report [Sections 13 or 15(d)]

Net Income (Loss) Per Common Share (Tables)

Net Income (Loss) Per Common Share (Tables)

3 Months Ended

Jun. 30, 2026

Schedule of the computation of basic and diluted net income (loss) per share


		Three Months Ended June 30,
		2026			2025
Numerator:
Consolidated net income (loss)		$	37		$	(698)
Less: PIK dividends on Series A Convertible Preferred Stock			(986)			—
Net loss available to holders of common stock and non-voting common stock		$	(949)		$	(698)
Denominator:
Weighted average shares outstanding of common stock and non-voting common stock			34,335			19,366
Pre-funded warrants and other equivalents (1)
Weighted average shares outstanding - diluted			34,335			19,366
Net loss per share of common stock and non-voting common stock—basic and diluted		$	(0.03)		$	(0.04)

(1)

For the three months ended June 30, 2026 and 2025, all potentially dilutive instruments were excluded from the diluted share count as their inclusion would be anti-dilutive given the net loss available to common stockholders in each period.

Summary of potentially dilutive securities


		Three Months Ended June 30,
		2026			2025
Restricted stock units			794,932			1,003,472
Performance restricted stock units			34,660			34,660
Restricted stock awards			353,624			—
Series A Redeemable Preferred Stock			16,197,260			—
Total potentially dilutive securities excluded			17,380,476			1,038,132