v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 30,381,000 $ 18,303,000
Restricted cash 42,000 110,000
Short-term investments 0 59,541,000
Accounts receivable 27,778,000
Other current assets 3,926,000 4,908,000
Total current assets 62,127,000 82,862,000
Operating lease right-of-use assets 2,107,000 3,089,000
Property and equipment, net 1,334,000 1,867,000
Other assets 759,000 715,000
Total assets 66,327,000 88,533,000
Current liabilities:    
Accounts payable 6,431,000 3,982,000
Accrued liabilities 18,696,000 13,526,000
Operating lease liabilities, current 3,152,000 3,580,000
Finance lease liabilities, current 64,000 145,000
Total current liabilities 28,343,000 21,233,000
Operating lease liabilities, net of current portion 288,000 1,525,000
2023 Common Warrants liability 5,812,000 12,183,000
Long term liability 0 47,000
Total liabilities 34,443,000 34,988,000
Commitments and contingencies (Note 10)
Stockholders' equity    
Preferred Stock, $0.0001 par value; 10,000,000 shares authorized as of June 30, 2026 and December 31, 2025; no shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively. 0 0
Common stock, $0.0001 par value; 115,800,000 shares authorized as of June 30, 2026 and December 31, 2025; 6,236,828 and 6,178,230 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively. 9,000 9,000
Additional paid-in capital 698,183,000 695,269,000
Accumulated deficit (666,745,000) (642,201,000)
Accumulated other comprehensive income 437,000 468,000
Total stockholders' equity 31,884,000 53,545,000
Total liabilities and stockholders' equity $ 66,327,000 $ 88,533,000