v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash $ 12,672 $ 21,107
Accounts receivable, net 3,929 4,257
Prepaid expenses and other current assets 14,320 8,511
Total current assets 30,921 33,875
Restricted cash 10,091 568
Property and equipment, net 45,595 42,213
Intangible assets, net 20,067 23,118
Operating lease right-of-use assets 12,510 17,046
Finance lease right-of-use assets 809 1,115
Other assets 11,688 6,123
Total assets 131,681 124,058
Current liabilities:    
Accounts payable 18,437 17,976
Accrued expenses and other current liabilities 47,702 45,496
Deferred revenue 17,924 17,393
Current maturities of long-term debt 2,712 2,543
Operating lease liabilities, current 3,636 4,120
Finance lease liabilities, current 277 265
SAFE notes at fair value, current 5 13
Convertible notes at fair value, current 42,274 0
Total current liabilities 133,610 89,610
Long-term debt, net of current maturities 14,389 59,883
Convertible notes at fair value, long term 25,183 7,347
Operating lease liabilities, long term 8,714 11,540
Finance lease liabilities, long term 670 948
Due to related parties, long term 100 50,457
Other long term liabilities 3,872 24,270
Total liabilities 186,538 244,055
Commitments and contingencies (Note 13)
Shareholders' deficit:    
Preferred Stock, $0.0001 par value; 50,000,000 shares authorized; 0 shares issued and outstanding at December 31, 2025 and December 31, 2024   0
Common stock, $0.0001 par value; 800,000,000 shares authorized as of both December 31, 2025 and December 31, 2024; 73,082,025 shares issued and outstanding as of December 31, 2025 and 16,933,692 shares issued and outstanding as of December 31, 2024 7 2
Additional paid-in capital 733,135 557,444
Accumulated deficit (787,999) (677,443)
Total shareholders' deficit (54,857) (119,997)
Total liabilities and shareholders' deficit 131,681 124,058
Related Party    
Current liabilities:    
Due to related parties, current $ 643 $ 1,804