v3.26.1
Unaudited Condensed Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 24,588 $ 32,220
Accounts receivable, net 12,407 10,855
Prepaid expenses and other current assets 5,862 5,818
Total current assets 42,857 48,893
Property and equipment, net 6,565 6,938
Operating lease right-of-use assets 1,953 1,435
Other assets 560 756
Total assets 51,935 58,022
Current liabilities:    
Accounts payable 4,439 4,153
Accrued and other current liabilities 4,939 6,327
Deferred revenue 1,492 675
Finance lease liabilities, current 1,091 1,135
Operating lease liabilities, current 979 1,226
Borrowings, current 517 643
Total current liabilities 13,457 14,159
Borrowings, non-current, net of discounts and debt issuance costs 22,322 22,264
Finance lease liabilities, non-current 1,617 1,960
Operating lease liabilities, non-current 1,130 438
Warrant liability 1,193 1,752
Total liabilities 39,719 40,573
Commitments and contingencies (Note 5)
Stockholders' equity:    
Preferred stock, $0.001 par value per share; 10,000,000 shares authorized, no shares issued or outstanding as of June 30, 2026 and December 31, 2025 0 0
Common stock, $0.001 par value per share; 200,000,000 shares authorized as of June 30, 2026 and December 31, 2025; 24,193,101 and 22,911,575 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 24 23
Additional paid-in capital 333,637 331,708
Accumulated deficit (321,445) (314,282)
Total stockholders' equity 12,216 17,449
Total liabilities and stockholders' equity $ 51,935 $ 58,022