v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash $ 31,855 $ 18,571
Prepaid expenses and other current assets 6,696 5,769
Total current assets 38,551 24,340
Property and equipment, net 13,830 14,392
Restricted cash 318 316
Other assets 4,206 4,468
Total assets 56,905 43,516
Current liabilities    
Accounts payable 3,241 6,202
Accrued expenses and other current liabilities 11,612 14,733
Operating lease obligations 850 858
Current portion of long-term debt 5,005 1,250
Total current liabilities 20,708 23,043
Non-current liabilities    
Operating lease obligations, less current portion 3,252 3,494
Long term debt, net 24,189 27,542
Other non-current liabilities 2,951 1,603
Total non-current liabilities 30,392 32,639
Total liabilities 51,100 55,682
Commitments and contingencies (Note 14)
Stockholders' equity    
Preferred stock; $0.01 par value; 10,000,000 shares authorized at March 31, 2026 and December 31, 2025 0 0
Common stock; $0.01 par value; 390,000,000 shares authorized, 338,440,399 and 312,501,472 shares issued, and 338,318,899 and 312,379,972 shares outstanding at March 31, 2026 and December 31, 2025, respectively 3,384 3,125
Treasury stock, at cost, 121,500 shares at March 31, 2026 and December 31, 2025 (48) (48)
Additional paid-in capital 429,549 392,763
Accumulated other comprehensive income 164 61
Accumulated deficit (427,244) (408,067)
Total stockholders' equity 5,805 (12,166)
Total liabilities and stockholders' equity $ 56,905 $ 43,516