v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 46,288 $ 20,439
Accounts receivable (net of allowance of $98 and $24, respectively) 6,459 6,558
Inventory, net 4,205 3,077
Prepaid expenses 2,792 2,170
Total current assets 59,744 32,244
Property and equipment, net 1,837 1,808
Right-of-use assets 798 861
Other assets 69 418
Total assets 62,448 35,331
Current liabilities    
Trade payables 3,763 3,002
Accrued liabilities 7,107 8,096
Short-term lease liabilities 244 167
Other current liabilities 58 234
Total current liabilities 11,172 11,499
Long-term debt 33,065 33,046
Revenue base redemption liability 489 383
Long-term lease liabilities 1,117 1,228
Contingent earnout liability 3,738 10,144
Warrant liabilities 6,317 12,892
Total liabilities 55,898 69,192
Commitments and contingencies (Note 13)
Stockholders’ equity (deficit)    
Preferred Stock, $0.0001 par value, 10,000,000 shares authorized; 0 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 0 0
Common stock, $0.0001 par value, 400,000,000 shares authorized at June 30, 2026 and December 31, 2025, respectively; 61,469,572 shares and 49,997,836 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 5 4
Additional paid-in capital 344,776 296,718
Accumulated deficit (338,231) (330,583)
Total stockholders’ equity (deficit) 6,550 (33,861)
Total liabilities and stockholders’ equity (deficit) $ 62,448 $ 35,331