v3.26.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Assets:    
Cash $ 27,876 $ 34,705
Accounts receivable 689 643
Inventory 469 353
Prepaid expenses, deposits, and other current assets 2,328 1,767
Total current assets 31,362 37,468
Fixed assets, net 907 809
Operating lease right-of-use assets 1,591 1,806
Intangible assets, net 210 315
Other assets 10 47
Total assets 34,080 40,445
Liabilities, Preferred Stock and Stockholders’ Equity (Deficit)    
Accounts payable 1,077 970
Accrued expenses and other current liabilities 2,200 2,719
Operating lease liabilities, current portion 908 893
Senior Secured Convertible Notes - at fair value 25,200 24,000
Total current liabilities 29,385 28,582
Operating lease liabilities, less current portion 695 927
Total liabilities 30,080 29,509
Commitments and contingencies (Note 8)
Stockholders’ Equity (Deficit):    
Preferred stock, $0.001 par value, 20,000,000 shares authorized; Series B and Series B-1 Convertible Preferred Stock, issued and outstanding 10,134 and 54,274 as of March 31, 2026 and December 31, 2025, respectively 10,134 54,274
Common stock, $0.001 par value, 300,000,000 shares authorized as of March 31, 2026 and December 31, 2025, respectively; 164,878,638 and 131,098,762 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 165 131
Additional paid-in capital 291,664 230,866
Accumulated deficit (297,963) (274,335)
Total Stockholders’ Equity (Deficit) 4,000 10,936
Total Liabilities and Stockholders’ Equity (Deficit) $ 34,080 $ 40,445