v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS:    
Cash and cash equivalents $ 43,458 $ 35,085
Restricted cash 1,306 957
Accounts receivable, less allowance of $495 and $1,372 as of June 30, 2026 and December 31, 2025, respectively 4,217 5,254
Unbilled receivables 1,572 1,268
Inventories 6,789 7,090
Prepaid expenses and other current assets 1,899 1,255
Total current assets 59,241 50,909
Property and equipment, net 2,262 2,549
Other long term assets 1,496 1,804
Total assets 62,999 55,262
CURRENT LIABILITIES:    
Accounts payable 2,422 4,051
Deferred grant funding 1,306 957
Deferred revenue 1,661 1,544
Accrued expenses and other current liabilities 4,179 5,130
Total current liabilities 9,629 11,732
Long-term debt, net 13,235 0
Warrant liabilities 2,542 1,730
Long term deferred revenue 835 729
Other noncurrent liabilities 0 66
Total liabilities 26,241 14,257
COMMITMENTS AND CONTINGENCIES (NOTE 14)
STOCKHOLDERS' EQUITY:    
Additional paid-in capital 384,684 371,011
Accumulated deficit (347,937) (330,016)
Total stockholders' equity 36,758 41,005
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 62,999 55,262
Related Party    
CURRENT LIABILITIES:    
Due to related parties 61 50
Class A Common Stock    
STOCKHOLDERS' EQUITY:    
Common stock 9 8
Class B Common Stock    
STOCKHOLDERS' EQUITY:    
Common stock $ 2 $ 2