v3.26.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Forge Nano, Inc.    
Cash Flows from Operating Activities    
Net loss $ (43,174,000) $ (26,984,000)
Adjustments to reconcile net loss to net cash, cash equivalents, and restricted cash used in operating activities:    
Depreciation and amortization 2,822,000 1,354,000
Gain/(loss) on reversal of provision for loss on contract 504,000 (2,000)
Amortization of debt discount 2,859,000 2,963,000
Loss on extinguishment of debt 3,841,000  
Change in fair value of contingent consideration for Sundew ALD acquisition 748,000 811,000
Noncash interest expense 0 17,000
Change in fair value of warrant liabilities (640,000) 366,000
Amortization of noncash lease expense 2,315,000 429,000
Amortization of intangible assets 203,000 253,000
Changes in operating assets and liabilities (used in) provided by cash, cash equivalents, and restricted cash:    
Accounts receivable (344,000) 944,000
Contract assets - unbilled accounts receivable (2,926,000) (2,643,000)
Inventory (1,092,000) (150,000)
Prepaid expenses and other current assets (544,000) (157,000)
Deposits (3,420,000) (2,964,000)
Accounts payable 380,000 1,175,000
Contract liabilities - deferred revenue 114,000 369,000
Accrued and other current liabilities 19,000 (209,000)
Operating lease liabilities 2,566,000 (364,000)
Net cash used in operating activities (34,346,000) (23,772,000)
Cash Flows from Investing Activities    
Purchase of property and equipment (882,000) (12,553,000)
Net cash used in investing activities (882,000) (12,553,000)
Cash Flows from Financing Activities    
Cash paid on principal of debt (7,512,000)  
Series D funding issuance costs (845,000)  
Payment of offering costs   (1,011,000)
Cash paid for acquisition (Note 8) (350,000) (350,000)
Proceeds from issuance of Series C preferred stock   6,290,000
Proceeds from issuance of Series D convertible note 1,150,000 1,924,000
Proceeds from issuance of Series D preferred stock 39,973,000  
Proceeds from warrants exercised   234,000
Proceeds from options exercised 3,000  
Net cash provided by financing activities 32,419,000 7,087,000
Net Decrease in Cash, Cash Equivalents, and Restricted Cash (2,809,000) (29,238,000)
Cash, Cash Equivalents, and Restricted Cash - Beginning of the year 12,238,000 41,476,000
Cash, Cash Equivalents, and Restricted Cash - End of the year 9,429,000 12,238,000
Supplemental Disclosure of Noncash Investing and Financing Transactions    
Derivative liability recognized in connection with the issuance of convertible note   393,000
Non-cash portion of warrant exercise 104,000 918,000
Lease liabilities arising from obtaining right-of-use assets 59,079,000  
Non-cash portion of conversion of convertible debt to Series D preferred stock 2,755,000  
Fair value of Series D preferred stock in exchange for warrant exercise 3,158,000  
Fair value of Series D preferred stock in exchange for debt forgiveness 2,000,000  
Forge Nano, Inc. | Employees    
Adjustments to reconcile net loss to net cash, cash equivalents, and restricted cash used in operating activities:    
Stock-based compensation 851,000 620,000
Forge Nano, Inc. | Board of directors    
Adjustments to reconcile net loss to net cash, cash equivalents, and restricted cash used in operating activities:    
Stock-based compensation $ 572,000 $ 400,000