v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 974 $ 3,512
Accounts receivable 697 870
Inventory 346 1,760
Prepaid expenses and other current assets 1,167 2,593
Total current assets 3,184 8,735
Property and equipment, net 32 21
Deferred transaction costs 139 0
Other non-current assets 3,456 3,474
Total assets 6,811 12,230
Current liabilities:    
Accounts payable 2,466 413
Accrued expenses and other current liabilities 3,321 3,499
Excise tax payable 2,925 2,925
Total current liabilities 8,712 6,837
Long-term debt, non-current 13,009 13,186
Other non-current liabilities 0 417
Total liabilities 21,971 20,840
Commitments and contingencies (Note 10)
Stockholders’ Deficit:    
Common stock: $0.0001 par value, 500,000,000 shares authorized at June 30, 2025 and December 31, 2024; 2,061,779 and 1,714,792 shares issued and outstanding at June 30, 2025 and December 31 2024, respectively 0 0
Additional paid-in capital 457,157 453,172
Accumulated other comprehensive income 26 19
Accumulated deficit (472,343) (461,801)
Total stockholders’ deficit (15,160) (8,610)
Total liabilities and stockholders’ deficit 6,811 12,230
Public placement warrant liability    
Current liabilities:    
Warrants 5 267
Private Placement Warrant Liability    
Current liabilities:    
Warrants $ 245 $ 133