Subsequent Events |
12 Months Ended |
|---|---|
Dec. 27, 2025 | |
| Subsequent Events | |
| Subsequent Events | Note 11—Subsequent Events Amendment to Lease On March 4, 2026, we entered into a First Amendment to Lease (the “Lease Amendment”) with University Research Park LLC (the “Landlord”), pursuant to which we and the Landlord agreed to renew the Company’s existing lease dated April 28, 2021 (the “Lease”), relating to our corporate headquarter located at 111 Academy, Suite 100, Irvine, CA 92617. The Lease Amendment extends the current term of the Lease to December 31, 2029 with no renewal option. The annual base rent starting on January 1, 2027 will be $27,396.65 per month and increases by approximately 3% each lease year. Warrant Exercise Since December 27, 2025, the holders of June 2025 Warrants to purchase 8,572,430 shares of common stock were exercised in cash, resulting in approximately $5.1 million in gross cash proceeds to the Company and the issuance of 8,572,430 shares of common stock. |