v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash $ 7,278 $ 968
Restricted cash 2,786 6,864
Accounts receivable, net 68 1,521
Other receivable 212 177
Inventory, net 7,819 8,599
Prepaid expenses and other current assets 2,047 2,216
Total current assets 20,210 20,345
Property and equipment, net 423 463
Operating lease - right-of-use asset 1,079 1,000
Intangible assets, net 15,553 16,021
Other assets 169 494
Total assets 37,434 38,323
Current liabilities:    
Accounts payable 4,957 8,686
Accrued liabilities 3,751 4,166
Deferred revenue 170 170
Operating lease liability, current 261 192
Notes payable, net of discount (includes note designated at Fair Value Option amounting to $18.9 million as of March 31, 2026, and $26.2 million as of December 31, 2025, respectively) 22,077 27,440
Total current liabilities 40,686 40,654
Operating lease liability, net of current portion 898 892
Deferred revenue, net of current portion 340 382
Derivative liability 187  
Notes payable, net of discount, net of current portion (includes notes designated at Fair Value Option amounting to $7.6 million as of March 31, 2026, and $5.7 million as of December 31, 2025, respectively) 11,075 15,083
Total liabilities 53,186 57,011
Commitments and contingencies (See Note 5)
Stockholders' deficit    
Additional paid-in capital 378,130 380,974
Noncontrolling interest (1,574) (1,399)
Accumulated deficit (391,067) (399,916)
Accumulated other comprehensive loss (1,242) (833)
Total stockholders' deficit (15,752) (18,688)
Total liabilities and stockholders' deficit 37,434 38,323
Series O Convertible Preferred Stock    
Current liabilities:    
Series O Convertible Preferred stock: $0.0001 par value; 1,557,000 and 0 shares authorized at March 31, 2026 and December 31, 2025, respectively; 1,241,928 and 0 shares issued and outstanding at March 31, 2026 and December 31, 2025 9,470 0
Series L Perpetual Preferred Stock    
Stockholders' deficit    
Preferred stock value 2,485
Series M Perpetual Preferred Stock    
Stockholders' deficit    
Preferred stock value
Series N Perpetual Preferred Stock    
Stockholders' deficit    
Preferred stock value
Common stock - voting    
Stockholders' deficit    
Common stock value 1 1
Common stock - non-voting    
Stockholders' deficit    
Common stock value $ 0 $ 0