v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 1,786 $ 3,040
Prepaid expenses and other current assets 4,416 2,166
Loan receivable   311
Total current assets 6,202 5,517
Non-current assets:    
Property, plant and equipment, net 16,771 17,406
Right-of-use asset, net 4,050 4,197
Intangible assets, net 52,048 53,188
Goodwill 626 626
Other assets 354 356
Total non-current assets 73,849 75,773
TOTAL ASSETS 80,051 81,290
Current liabilities:    
Accounts payable and accrued expenses 31,584 30,816
Convertible notes, net 740 640
Convertible notes at fair value 30,828 32,056
Notes payable, net 11,650 9,468
Contingent payable derivative liability   9,416
Investor advances 207 207
Share payable 370 373
Lease liabilities 274 374
Due to related party $ 7,320 $ 8,350
Other Liability, Current, Related Party [Extensible Enumeration] us-gaap:RelatedPartyMember us-gaap:RelatedPartyMember
Total current liabilities $ 82,973 $ 91,700
Non-current liabilities:    
Convertible notes, net of current portion 1,494 325
Convertible notes at fair value, net of current portion 7,513 5,220
Notes payable, net of current portion, net 7,204 12,333
Lease liabilities, net of current portion 4,291 4,411
Contingent payment obligation 1,700 1,700
Deferred tax liability 12,936 13,171
Total non-current liabilities 35,138 37,160
Total liabilities 118,111 128,860
COMMITMENTS AND CONTINGENCIES (Note 13)
Stockholders' deficit:    
Preferred stock ($0.001 par value); 100,000,000 shares authorized as of March 31, 2026 and December 31, 2025, respectively
Common stock ($0.001 par value); 2,600,000,000 shares authorized; 1,618.9 million and 1,567.4 million shares issued as of March 31, 2026 and December 31, 2025; 1,606.9 million and 1,555.4 million shares outstanding as of March 31, 2026 and December 31, 2025, respectively 1,619 1,567
Treasury stock, 12,000,000 shares at March 31, 2026 and December 31, 2025, respectively (12) (12)
Additional paid-in capital 1,455,087 1,442,830
Stock subscription receivable (79) (79)
Accumulated deficit (1,506,730) (1,503,661)
Accumulated other comprehensive loss (429) (925)
Total stockholders' deficit (50,544) (60,280)
TOTAL LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS' DEFICIT 80,051 81,290
Series C Convertible Preferred Stock    
Mezzanine equity:    
Series C Convertible Preferred Stock, 10,000,000 shares designated; 766,747 shares and 784,347 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively; aggregate liquidation preference of $11.0 million $ 12,484 $ 12,710