v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 1,491
Restricted cash and cash equivalents 888 578
Trade accounts receivable, net 560 12,480
Inventories 1,890 1,129
Prepaid and other current assets 1,227 1,097
Total current assets 6,056 15,284
Property and equipment, net 416 418
Operating lease right-of-use assets 150 182
Intangible asset, net (Note 7) 778 4,348
Other noncurrent assets 42 42
Total assets 7,442 20,274
Current liabilities:    
Accounts payable 12,003 13,153
Short-term debt 147
Accrued expenses 1,205 1,292
Accrued compensation 1,495 2,587
Operating lease liabilities – current 123 128
Derivative liabilities 1,168 1,006
Contingent liabilities - current (Note 7) 220 272
Other current liabilities 10,231 12,016
Total current liabilities 78,752 84,820
Operating lease liabilities – noncurrent 27 54
Contingent liabilities - noncurrent (Note 7) 1,375 4,837
Total liabilities 80,154 89,711
Convertible and redeemable preferred stock 4,918 4,899
Stockholders’ deficit:    
Preferred stock, $0.0001 par value; 5,000,000 shares authorized; no shares issued and outstanding as of both March 31, 2026 and December 31, 2025
Common Stock, $0.0001 par value; 3,000,000,000 shares authorized; 132,530,081 and 126,685,925 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 13 13
Additional paid-in capital 831,875 831,859
Accumulated other comprehensive loss (6,643) (8,818)
Accumulated deficit (902,875) (897,390)
Total stockholders’ deficit (77,630) (74,336)
Total liabilities, convertible and redeemable preferred stock and stockholders’ deficit 7,442 20,274
Baker Bros Notes [Member]    
Current liabilities:    
Convertible notes (Note 4) 18,080 20,097
Related Party [Member]    
Current liabilities:    
Convertible notes (Note 4) 843 1,352
Adjuvant Notes [Member]    
Current liabilities:    
Convertible notes (Note 4) $ 33,384 $ 32,770