v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue $ 1,302,000 $ 56,000 $ 1,473,000 $ 75,000
Cost of revenue 1,240,000 85,000 1,412,000 150,000
Gross income (loss) 62,000 (29,000) 61,000 (75,000)
Operating expenses:        
Research and development 690,000 971,000 1,615,000 1,384,000
Sales and marketing 183,000 62,000 303,000 123,000
General and administrative 4,006,000 8,546,000 8,360,000 13,298,000
Total operating expenses 4,879,000 9,579,000 10,278,000 14,805,000
Loss from operations (4,817,000) (9,608,000) (10,217,000) (14,880,000)
Other income (expense)        
Interest expense (314,000) (357,000) (635,000) (644,000)
Loss on extinguishment of convertible notes 0 (26,359,000) 0 (26,359,000)
Remeasurement of share-based termination liability 0 (1,498,000) 0 (1,312,000)
Other income (expense), net (29,000) (9,000) 160,000 207,000
Total other income (expense), net 234,000 (49,324,000) (325,000) (50,646,000)
Loss before income taxes (4,583,000) (58,932,000) (10,542,000) (65,526,000)
Income tax provision 0 0 0 0
Net loss (4,583,000) (58,932,000) (10,542,000) (65,526,000)
Other comprehensive income:        
Reporting currency translation 5,000 4,000 7,000 27,000
Comprehensive loss $ (4,578,000) $ (58,928,000) $ (10,535,000) $ (65,499,000)
Net loss per share, basic (in dollars per share) $ (2.20) $ (252.21) $ (5.53) $ (280.43)
Net loss per share, diluted (in dollars per share) $ (2.20) $ (252.21) $ (5.53) $ (280.43)
Weighted-average common shares outstanding, basic (in shares) 2,079,609 233,660 1,905,837 233,660
Weighted-average common shares outstanding, dilutive (in shares) 2,079,609 233,660 1,905,837 233,660
Nonrelated Party        
Other income (expense)        
Remeasurement of convertible notes $ 0 $ (15,874,000) $ 0 $ (17,087,000)
Related Party        
Other income (expense)        
Remeasurement of convertible notes 0 (5,300,000) 0 (5,548,000)
Remeasurement of convertible preferred stock warrant liability        
Other income (expense)        
Remeasurement of warrant liability 0 73,000 0 97,000
Public placement warrant liability        
Other income (expense)        
Remeasurement of warrant liability 78,000 0 262,000 0
Private Placement Warrant Liability        
Other income (expense)        
Remeasurement of warrant liability $ 499,000 $ 0 $ (112,000) $ 0