v3.25.4
Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash Flows from Operating Activities    
Net loss $ (40,359) $ (15,619)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 3,208 2,196
Amortization of debt discounts 253 307
Credit losses, net of recoveries 153 146
Loss on disposal of long-lived assets 100 44
Stock compensation expense 996 754
Realized gain on marketable securities (404) (482)
Change in fair value of warrant liabilities and Series E purchase option 11,975 119
Change in fair value of convertible notes, net 2,217 0
Other 0 (571)
Change in Operating Assets and Liabilities    
Trade accounts receivable (3,299) (575)
Inventory (7,636) (4,032)
Prepaid expenses (1,087) (12)
Accounts payable 3,369 3,124
Other current assets and liabilities 1,902 458
Net Cash Used in Operating Activities (28,612) (14,143)
Cash Flows from Investing Activities    
Fixed asset purchases (7,408) (4,015)
Purchases of marketable securities (119,491) (5,281)
Sales of marketable securities 31,302 23,260
Net Cash Provided (Used) in Investing Activities (95,597) 13,964
Cash Flows from Financing Activities    
Proceeds from exercise of common stock options 919 66
Proceeds from exercise of preferred stock warrants 455 0
Proceeds from Series E convertible preferred stock, net of issuance cost 39,508 0
Proceeds from the issuance of convertible notes, net of issuance costs 39,863 0
Proceeds from IPO, net of commissions and issuance costs 64,212 0
Net Cash Provided in Financing Activities 144,957 66
Net Change in Cash for Period 20,748 (113)
Cash and Cash Equivalents, beginning of year 6,123 6,236
Cash and Cash Equivalents, end of year 26,871 6,123
Supplemental Cash Flows information    
Cash paid for interest 1,688 1,785
Non-Cash Investing and Financing Activities    
Capital expenditures included in accounts payable 1,100 455
Series E second tranche right equity conversion    
Non-Cash Investing and Financing Activities    
Conversion of stock, amount converted 11,937 0
Preferred stock warrant liability equity conversion    
Non-Cash Investing and Financing Activities    
Conversion of stock, amount converted 589 0
Preferred stock warrant liability equity conversion on completion of IPO    
Non-Cash Investing and Financing Activities    
Conversion of stock, amount converted 637 0
Conversion of redeemable convertible preferred stock into common stock on completion of IPO    
Non-Cash Investing and Financing Activities    
Conversion of stock, amount converted 126,964 0
Conversion of convertible notes into common stock on completion of IPO    
Non-Cash Investing and Financing Activities    
Conversion of stock, amount converted $ 42,156 $ 0