Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.
Shares outstanding over time
Latest: 45.5M shares as of Dec 31, 2025 (20-F).⊙
EVIDENCE — filed/published fact
SourceSEC XBRL, cover-page share count
Fielddei:EntityCommonStockSharesOutstanding
As of2025-12-31
HowThe newest cover-page count as filed. It is used as the current count only while it is no more than about 15 months older than the company’s newest periodic filing; the float checker applies a 200-day rule and sets it beside the balance-sheet count.
Share count fell from 162.2M to 57.2M between Dec 31, 2021 and Dec 31, 2022, a pattern consistent with a reverse split (roughly 1-for-3); simultaneous issuance can skew the raw ratio, so confirm in the filings. The red bar marks the cliff.
Balance-sheet fair value of warrants: $1.3M as of Dec 31, 2016.
Rough fully diluted estimate: 45.6M = 45.5M O/S + 97,387 warrant shares. An estimate, not a filing figure: it ignores converts, options and RSUs, and the two inputs carry different as-of dates.
Convertible notes
The latest 10-Q/10-K instance document could not be checked just now, so nothing is shown rather than guessed. Try again shortly.
Fully diluted build-up
Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.
Shares outstanding
45.5M
Dec 31, 2025
+ Warrants (aggregate, as tagged) (if exercised)
97,387
Dec 31, 2023
Fully diluted estimate
45.6M
+0.2% vs O/S
Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.
Registrations and offerings
Last 12 months: 0 executed · 0 registered.
REGISTEREDMar 25, 2022F-1/A registration — capacity to sell shares, not a sale yetF-1/A →
REGISTEREDFeb 16, 2022F-1/A registration — capacity to sell shares, not a sale yetF-1/A →
REGISTEREDJan 12, 2022F-1/A registration — capacity to sell shares, not a sale yetF-1/A →
REGISTEREDDec 17, 2021F-1/A registration — capacity to sell shares, not a sale yetF-1/A →
REGISTEREDDec 7, 2021F-1/A registration — capacity to sell shares, not a sale yetF-1/A →
REGISTEREDNov 4, 2021F-1/A registration — capacity to sell shares, not a sale yetF-1/A →
REGISTEREDSep 28, 2021F-1 registration — capacity to sell shares, not a sale yetF-1 →
UPDATEJun 28, 2021Prospectus update — often a resale registration, not necessarily new capital424B3 →
EFFECTIVEJun 25, 2021SEC declared a registration effective — selling can beginEFFECT →
REGISTEREDJun 21, 2021F-1 registration — capacity to sell shares, not a sale yetF-1 →
UPDATEMay 4, 2021Prospectus update — often a resale registration, not necessarily new capital424B3 →
EFFECTIVEMay 3, 2021SEC declared a registration effective — selling can beginEFFECT →
Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.