v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 17,435 $ 29,854
Restricted cash 1,140  
Accounts receivable, net 17 131
Inventory 506 679
Prepaid expenses 5,150 5,290
Other current assets 995 1,440
Total current assets 25,243 37,394
Property and equipment, net 324 475
Operating lease right-of-use assets 222 382
Other assets   87
Total assets 25,789 38,338
Current liabilities    
Accounts payable 16,692 15,990
Accrued expenses 5,090 5,762
Current portion of long-term debt 11,216 0
Total current liabilities 33,376 22,233
Long-term portion of operating lease liabilities   65
Derivative liabilities 2,611 6,633
Long-term debt 97,469 102,508
Total liabilities 133,456 131,439
Commitments and contingencies (Note 16)
Stockholders' (deficit) equity    
Preferred stock, $0.001 par value, 10,000 shares authorized; no shares issued and outstanding as of June 30, 2025 and December 31, 2024 0 0
Common stock, $0.001 par value, 200,000 shares authorized as of June 30, 2025 and December 31, 2024; 6,620 and 3,102 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 60 49
Additional paid-in-capital 568,911 557,047
Accumulated deficit (676,638) (650,197)
Total stockholders' (deficit) equity (107,667) (93,101)
Total liabilities and stockholders' (deficit) equity 25,789 38,338
Related Party    
Current liabilities    
Other current liabilities 122 107
Nonrelated Party    
Current liabilities    
Other current liabilities $ 256 $ 374