v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 11,583 $ 8,636
Accounts receivable, net of allowance for credit losses of $11 and $16, respectively 1,128 1,613
Inventories 446 410
Deferred financing costs 0 279
Restricted cash, current 729 0
Prepaid expenses and other current assets 1,420 821
Total current assets 15,306 11,759
NONCURRENT ASSETS    
Right-of-use operating and financing lease assets, net 2,815 2,757
Machinery and equipment, net, and construction in progress 6,435 3,567
Intangible assets, net 0 14,607
Restricted cash, noncurrent 607 1,700
Other noncurrent assets 593 691
TOTAL ASSETS 25,756 35,081
CURRENT LIABILITIES    
Accounts payable $ 2,544 $ 1,641
Other Liability, Current, Related Party [Extensible Enumeration] us-gaap:RelatedPartyMember us-gaap:RelatedPartyMember
Due to related party (Note 9) $ 2,780 $ 638
Accrued compensation 2,461 1,939
Accrued royalties 1,116 1,116
Accrued expenses and other current liabilities 939 418
Operating and financing lease liabilities, current 1,807 1,295
Contingent consideration liabilities, current 428 228
Total current liabilities 12,075 7,275
NONCURRENT LIABILITIES    
Operating and financing lease liabilities, noncurrent 1,690 2,369
Contingent consideration liabilities, noncurrent 43,455 37,711
TOTAL LIABILITIES 57,220 47,355
Commitments and contingencies (Note 6)
SHAREHOLDERS' DEFICIT    
Preferred stock, no par value, 5,000 shares authorized; no shares issued and outstanding 0 0
Common stock, no par value, 230,000 shares authorized; 28,683 and 17,453 shares issued and outstanding at December 31, 2025 and 2024, respectively 369,211 338,244
Accumulated other comprehensive income 86 21
Accumulated deficit (400,761) (350,539)
Total shareholders' deficit (31,464) (12,274)
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT $ 25,756 $ 35,081