v3.26.1
Condensed Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 29,996 $ 18,987
Accounts receivable, net of allowance for credit losses of $117 and $62 9,113 9,036
Other current assets 4,456 4,495
Total current assets 43,565 32,518
Non‑current assets    
Property and equipment, net 23,803 24,817
Intangible assets, net 2,979 3,883
Operating lease right-of-use assets 3,542 2,997
Goodwill 15,031 15,031
Other long-term assets 6,406 8,230
Total non‑current assets 51,761 54,958
Total assets 95,326 87,476
Current liabilities    
Accounts payable 2,160 3,080
Accrued liabilities 10,411 11,033
Deferred revenue 205 961
Current portion of operating lease liabilities 1,609 1,364
Current portion of notes payable 0 6
Other current liabilities 906 992
Total current liabilities 15,291 17,436
Non‑current liabilities    
Long‑term notes payable, net of current portion 46,817 47,445
Long-term operating lease liabilities 23,370 24,039
Other long-term liabilities 704 1,021
Total non‑current liabilities 70,891 72,505
Total liabilities 86,182 89,941
Commitments and contingencies
Stockholders' equity (deficit)    
Preferred stock, $0.001 par value, 5,000,000 authorized; 0 (2026 and 2025) issued and outstanding
Common stock, $0.001 par value, 200,000,000 authorized; 10,549,890 (2026) and 8,253,053 (2025) shares issued and outstanding [1] 11 8
Additional paid‑in capital [1] 521,961 495,289
Accumulated deficit (512,828) (497,762)
Total stockholders' equity (deficit) 9,144 (2,465)
Total liabilities and stockholders' equity (deficit) $ 95,326 $ 87,476
[1] All share information, Common stock balances, and Additional paid-in capital balances have been adjusted to reflect the 1-for-20 reverse stock split effective September 15, 2025.