v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities    
Net loss $ (4,351) $ (4,998)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 73 61
Interest expense and amortization of debt discount on Term Loans (related party) 495
Stock-based compensation for services 44
Amortization of prepaid insurance 227 247
Stock-based compensation 239 160
Loss on offering and change in fair value of private warrant liability (2,005)
Change in fair value of publicly traded warrant liability 390 (194)
Change in fair value of forward purchase agreement warrant liability 13 (421)
Net change in operating lease (related party) 55 26
Change in inventory reserve 12 (23)
Changes in operating assets and liabilities:    
Accounts receivable, net 3 (4)
Other receivable 2 757
Inventories 44 74
Prepaid expenses and other current assets (121) (75)
Accounts payable (1,220) 10
Operating lease liability (related party) (52) (22)
Accrued expenses 664 199
Product warranty liability (78) (17)
Net cash used in operating activities (6,061) (3,725)
Cash flows from investing activities    
Purchases of property and equipment (6)
Net cash used in investing activities (6)
Cash flows from financing activities    
Payments on insurance financing loans (208) (233)
Proceeds from the issuance of Term Loans (related party) 5,000
Dividends paid to stockholders of Series A Preferred Stock (1,213)
Proceeds from the issuance of Class A Common Stock, Issued Pre-Funded Warrants, and Series A Warrants 29,997
Offering costs from the issuance of Class A Common Stock, Issued Pre-Funded Warrants, and Series A Warrants (2,215)
Net cash provided by financing activities 27,574 3,554
Effect of exchange rate changes on cash (1) 6
Net (decrease) increase in cash 21,512 (171)
Cash, beginning of period 3,739 5,483
Cash, end of period 25,251 5,312
Supplemental disclosures of cash flow information:    
Cash paid for interest 11 13
Non-cash investing and financing activities:    
Accrued and unpaid dividends on Series A Preferred Stock 1,350 25
Financing of prepaid insurance 69 75
Issuance of Term Loan Warrants (related party) 688
Issuance of Placement Agent Warrants $ 678