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: 2.8M 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 27.9M to 2.8M between Dec 31, 2024 and Dec 31, 2025, a pattern consistent with a reverse split (roughly 1-for-10); simultaneous issuance can skew the raw ratio, so confirm in the filings. The red bar marks the cliff.
Rough fully diluted estimate: 2.8M = 2.8M O/S + 54,144 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
2.8M
Dec 31, 2025
+ Warrants (aggregate, as tagged) (if exercised)
54,144
Jul 31, 2017
Fully diluted estimate
2.8M
+1.9% 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
F-3Apr 29, 2025no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →
Last 12 months: 1 executed · 0 registered.
EXECUTEDMar 24, 2026Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5 →
EFFECTIVEMar 23, 2026SEC declared a registration effective — selling can beginEFFECT →
EFFECTIVEAug 18, 2025SEC declared a registration effective — selling can beginEFFECT →
UPDATEMay 23, 2025Prospectus update — often a resale registration, not necessarily new capital424B3 →
UPDATEMay 8, 2025Prospectus update — often a resale registration, not necessarily new capital424B3 →
EFFECTIVEMay 8, 2025SEC declared a registration effective — selling can beginEFFECT →
EFFECTIVEApr 30, 2025SEC declared a registration effective — selling can beginEFFECT →
REGISTEREDApr 29, 2025F-3 registration — capacity to sell shares, not a sale yetF-3 →
UPDATENov 15, 2024Prospectus update — often a resale registration, not necessarily new capital424B3 →
UPDATEAug 19, 2024Prospectus update — often a resale registration, not necessarily new capital424B3 →
UPDATEMay 20, 2024Prospectus update — often a resale registration, not necessarily new capital424B3 →
UPDATEApr 4, 2024Prospectus update — often a resale registration, not necessarily new capital424B3 →
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.