v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 12,806 $ 1,572
Restricted cash, current 55 0
Accounts receivable 0 879
Insurance receivable 100 408
Prepaids and other current assets 9,321 1,667
Total current assets 22,282 4,526
Property, machinery and equipment, net 953 2,182
Intangible assets, net 201 253
Operating right-of-use asset 7,686 347
Other non-current assets 9,197 2,644
Total assets 40,319 9,952
Current liabilities:    
Accounts payable 4,081 5,596
Accrued liabilities 2,272 3,006
Loan payable, current 3,479 4,957
Contract liabilities, current 4,058 345
Operating lease liability, current 836 685
Litigation settlement contingency 802 420
Other current liabilities 541 1
Total current liabilities 16,069 15,010
Contract liabilities, non-current 120 1,901
Warrant liability 3 3
Operating lease liability, non-current 6,987 333
Other non-current liabilities 0 515
Total non-current liabilities 7,110 2,752
Total liabilities 23,179 17,762
Commitments and Contingencies (Note 12)
Stockholders’ equity (deficit):    
Series A preferred stock, $0.00001 par value; 20,000,000 shares authorized and 547,408 issued and outstanding as of December 31, 2025; 20,000,000 shares authorized and 0 issued and outstanding as of December 31, 2024 0 0
Additional paid-in capital 455,718 400,183
Accumulated deficit (438,578) (407,993)
Total stockholders’ equity (deficit) 17,140 (7,810)
Total liabilities and stockholders’ equity (deficit) 40,319 9,952
Common Class A    
Stockholders’ equity (deficit):    
Common stock, value 0 0
Common Class B    
Stockholders’ equity (deficit):    
Common stock, value $ 0 $ 0