v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 54,281 $ 57,215
Restricted cash 100 100
Accounts receivable – other 4 145
Prepaid expenses and other current assets 943 466
Total current assets 55,328 57,926
Non-current assets:    
Property, plant and equipment, net 57 62
Intellectual property and patented technology 1,925 1,925
Operating lease right-of-use assets, net 439 173
Deposits 161 161
Total non-current assets 2,582 2,321
Total assets 57,910 60,247
Current liabilities:    
Accounts payable 284 985
Accrued liabilities 786 906
Operating lease liabilities 429 174
Other current liabilities 41 35
Total current liabilities 1,540 2,100
Non-current liabilities:    
Operating lease liabilities 32 12
Total non-current liabilities 32 12
Total liabilities 1,572 2,112
Commitments and contingencies (see Note 8)
Stockholders’ equity    
Additional paid in capital 64,666 64,070
Accumulated deficit (35,422) (34,215)
Noncontrolling interest 27,090 28,276
Total stockholders’ equity 56,338 58,135
Total liabilities and stockholders’ equity 57,910 60,247
Class A Common Stock    
Stockholders’ equity    
Common stock value 2 2
Class C Common Stock    
Stockholders’ equity    
Common stock value $ 2 $ 2