v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 28,415 $ 29,854
Restricted cash 342 0
Accounts receivable, net 233 131
Inventory 722 679
Prepaid expenses 4,028 5,290
Other current assets 10,945 1,440
Total current assets 44,685 37,394
Property and equipment, net 175 475
Operating lease right-of-use assets 56 382
Other assets 0 87
Total assets 44,916 38,338
Current liabilities    
Accounts payable 14,701 15,990
Accrued expenses 4,341 5,762
Current portion of long-term debt 24,931 0
Total current liabilities 53,926 22,233
Long-term portion of operating lease liabilities 0 65
Derivative liabilities 1,790 6,633
Long-term debt 84,663 102,508
Total liabilities 140,379 131,439
Commitments and contingencies
Stockholders' (deficit) equity    
Preferred stock, $0.001 par value, 10,000 shares authorized; no shares issued and outstanding as of December 31, 2025 and December 31, 2024 0 0
Common stock, $0.001 par value, 200,000 shares authorized as of December 31, 2025 and December 31, 2024; 22,328 and 3,102 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively 76 49
Additional paid-in-capital 624,555 557,047
Accumulated deficit (720,094) (650,197)
Total stockholders' (deficit) equity (95,463) (93,101)
Total liabilities and stockholders' (deficit) equity 44,916 38,338
Related Party    
Current liabilities    
Other current liabilities 138 107
Nonrelated Party    
Current liabilities    
Other current liabilities $ 9,815 $ 374