v3.26.1
Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Assets, Current [Abstract]    
Cash and cash equivalents $ 55,725 $ 33,587
Accounts receivable 4,854 4,435
Inventory 6,049 5,457
Deferred offering costs 3,496 935
Other current assets 1,590 1,943
Total current assets 71,714 46,357
Property and equipment, net 738 669
Right-of-use assets - operating leases 1,001 1,068
Other assets 143 55
Total assets 73,596 48,149
Current liabilities    
Accounts payable 3,033 2,223
Operating lease liabilities, current 358 358
Product warranty liability 1,029 844
Accrued payroll, commissions, and bonuses 3,113 4,854
Accrued offering costs 2,641 935
Accrued and other current liabilities 1,660 992
Total current liabilities 11,834 10,206
Warrant liabilities 882 865
Notes payable, net of discount and deferred financing costs 7,257 7,130
Operating lease liabilities, non-current 870 948
Total liabilities 61,571 19,149
Commitments and contingencies (Note 13)
Redeemable convertible preferred issuable in series, stock, $0.01 par value, 67,174,403 shares authorized as of March 31, 2026 and December 31, 2025, respectively; 65,591,701 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively; aggregate liquidation value of $182,255 as of March 31, 2026 and December 31, 2025, respectively 179,773 179,773
Stockholders' deficit    
Common stock, $0.01 par value, 86,600,000 shares authorized as of March 31, 2026 and December 31, 2025; 1,003,256 and 884,030 shares outstanding as of March 31, 2026 and December 31, 2025, respectively 10 9
Additional paid-in capital 7,771 7,007
Accumulated deficit (175,529) (157,789)
Total stockholders' deficit (167,748) (150,773)
Total liabilities, redeemable convertible preferred stock, and stockholders' deficit 73,596 $ 48,149
Related Party    
Current liabilities    
Convertible notes payable 26,369  
Nonrelated Party    
Current liabilities    
Convertible notes payable $ 14,359