v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 7,451 $ 96
Restricted cash 4,000 0
Inventories, net 7,303 8,115
Prepaid expenses and other current assets 1,215 955
Total current assets 20,726 9,791
Property and equipment, net 183 227
Finance lease right-of-use assets, net 152 177
Operating lease right-of-use assets, net 363 700
Intangible assets, net 509 596
Goodwill 615 615
Total assets 22,548 12,106
Current liabilities:    
Accounts payable 2,079 5,293
Current portion of finance lease liability 77 63
Current portion of operating lease liability 386 371
Convertible notes payable, net 0 14,828
Senior secured note 5,448 0
Accrued interest 6 761
Other accrued liabilities 1,857 2,102
Total current liabilities 18,695 35,325
Finance lease liability, net of current portion 30 96
Operating lease liability, net of current portion 34 421
Total liabilities 18,759 35,842
Commitments and contingencies (Note 7)
Temporary equity:    
Preferred stock, $0.0001 par value; 30,000,000 shares authorized; 0 and 18,406,857 Series A-1 issued and outstanding as of December 31, 2025 and 2024, respectively; liquidation value $0 and $25,405 as of December 31, 2025 and 2024, respectively 0 20,265
Stockholders’ deficit:    
Common stock, $0.0001 par value; 150,000,000 shares authorized; 73,701,176 and 9,286,235 shares issued as of December 31, 2025 and 2024, respectively, of which 73,701,176 and 7,943,585 are outstanding as of December 31, 2025 and 2024, respectively 7 1
Additional paid-in capital 80,397 5,561
Accumulated other comprehensive income 228 278
Accumulated deficit (76,843) (49,841)
Stockholders’ equity (deficit) 3,789 (44,001)
Total liabilities, temporary equity and stockholders’ equity (deficit) 22,548 12,106
Embedded Derivative Financial Instruments [Member]    
Current liabilities:    
Derivative liability 0 6,759
Warrant Liability [Member]    
Current liabilities:    
Derivative liability 7,842
Nonrelated Party [Member]    
Assets    
Accounts receivable 623 513
Related Party [Member]    
Assets    
Accounts receivable 134 112
Current liabilities:    
Loans from related parties $ 1,000 $ 5,148