Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2025

Stockholders’ Equity [Abstract]

Private Placement Equity Offering

Summary information of private placement Equity Offering is as follows:

($ in thousands, except per share data)
Number of Shares purchased by BARC		42,950,460
Number of Shares purchased by others		1,250,000
Total number of Shares offered and purchased		44,200,460
Equity Offering – purchase price per Share	$	0.20
Total proceeds received from the Equity Offering	$	8,840

Authorized Common Stock

Authorized common stock consists of the following:

(shares in thousands)		June 30, 2025		December 31, 2024
Par value	$	0.01	$	0.01
Authorized shares		200,000		200,000
Issued shares		84,938		84,938
Outstanding shares		84,938		84,938