v3.26.1
Unaudited Condensed Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 21,513 $ 32,220
Accounts receivable, net 15,773 10,855
Prepaid expenses and other current assets 6,297 5,818
Total current assets 43,583 48,893
Property and equipment, net 6,611 6,938
Operating lease right-of-use assets 1,179 1,435
Other assets 584 756
Total assets 51,957 58,022
Current liabilities:    
Accounts payable 4,159 4,153
Accrued and other current liabilities 4,772 6,327
Deferred revenue 681 675
Finance lease liabilities, current 1,113 1,135
Operating lease liabilities, current 1,259 1,226
Borrowings, current 580 643
Total current liabilities 12,564 14,159
Borrowings, non-current, net of discounts and debt issuance costs 22,291 22,264
Finance lease liabilities, non-current 1,792 1,960
Operating lease liabilities, non-current 111 438
Warrant liability 767 1,752
Total liabilities 37,525 40,573
Commitments and contingencies (Note 5)
Stockholders' equity:    
Preferred stock, $0.001 par value per share; 10,000,000 shares authorized, no shares issued or outstanding as of March 31, 2026 and December 31, 2025 0 0
Common stock, $0.001 par value per share; 200,000,000 shares authorized as of March 31, 2026 and December 31, 2025; 24,088,057 and 22,911,575 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 24 23
Additional paid-in capital 332,657 331,708
Accumulated deficit (318,249) (314,282)
Total stockholders' equity 14,432 17,449
Total liabilities and stockholders' equity $ 51,957 $ 58,022