v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash $ 25,251 $ 3,739
Accounts receivable, net 31 34
Other receivable 17 19
Inventories 1,490 1,546
Prepaid expenses and other current assets 893 941
Total current assets 27,682 6,279
Property and equipment, net 962 1,035
Prepaid expenses and other assets 325 358
Total assets 29,822 8,558
Current liabilities:    
Accounts payable 1,700 2,920
Accrued expenses 9,653 7,639
Forward purchase agreement warrant liability 37 24
Product warranty liability, current portion 264 287
Other current liabilities 379 518
Total current liabilities 12,211 11,562
Product warranty liability, net of current portion 1,550 1,605
Private warrant liability 3,830 5,835
Publicly traded warrant liability 941 551
Other liability 27 27
Total liabilities 19,270 20,325
Commitments and contingencies (see Note 13)
Mezzanine equity    
Warrants issued to placement agent as part of the 2025 Offerings (see Note 9) 391 391
Stockholders’ equity (deficit)    
Series A Preferred Stock, $0.0001 par value; 100,000,000 shares authorized and 10,000,000 shares designated as of March 31, 2026 and December 31, 2025; 4,126,667 shares issued and outstanding as of March 31, 2026 and December 31, 2025
Class A Common Stock, $0.0001 par value; 400,000,000 shares authorized as of March 31, 2026 and December 31, 2025; 76,881,110 shares issued and outstanding as of March 31, 2026 and 28,934,960 shares issued and outstanding as of December 31, 2025 8 3
Additional paid-in capital 329,371 301,355
Accumulated deficit (319,097) (313,396)
Accumulated other comprehensive loss (121) (120)
Total stockholders’ equity (deficit) 10,161 (12,158)
Total liabilities, mezzanine equity, and stockholders’ equity (deficit) 29,822 8,558
Related Party    
Current assets:    
Operating lease right-of-use asset (related party) 853 886
Current liabilities:    
Operating lease liability, current portion (related party) 178 174
Operating lease liability, net of current portion (related party) $ 711 $ 745