v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 23,482 $ 12,806
Restricted cash, current 105 55
Accounts receivable 396 0
Insurance receivable 100 100
Prepaids and other current assets 5,173 9,321
Total current assets 29,256 22,282
Property, machinery and equipment, net 498 953
Intangible assets, net 188 201
Operating right-of-use asset 7,290 7,686
Other non-current assets 8,631 9,197
Total assets 45,863 40,319
Current liabilities:    
Accounts payable 3,740 4,081
Accrued liabilities 2,244 2,272
Loan payable, current 1,897 3,479
Contract liabilities, current 357 4,058
Operating lease liability, current 726 836
Litigation settlement contingency 2,062 802
Other current liabilities 571 541
Total current liabilities 11,597 16,069
Contract liabilities, non-current 120 120
Warrant liability 3 3
Operating lease liability, non-current 6,978 6,987
Total non-current liabilities 7,101 7,110
Total liabilities 18,698 23,179
Commitments and Contingencies (Note 12)
Stockholders’ equity:    
Series A preferred stock, $0.00001 par value; 20,000,000 shares authorized and 0 issued and outstanding as of March 31, 2026; 20,000,000 shares authorized and 547,408 issued and outstanding as of December 31, 2025 0 0
Additional paid-in capital 475,223 455,718
Accumulated deficit (448,058) (438,578)
Total stockholders’ equity 27,165 17,140
Total liabilities and stockholders’ equity 45,863 40,319
Common Class A    
Stockholders’ equity:    
Common stock, value 0 0
Common Class B    
Stockholders’ equity:    
Common stock, value $ 0 $ 0