v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets    
Cash and cash equivalents $ 43,235 $ 72,291
Marketable securities 134,654 49,608
Accounts receivable 3,712 3,363
Inventories 5,709 5,787
Other current assets 16,390 22,476
Total current assets 203,700 153,525
Operating lease right-of-use assets 4,883 5,480
Property, plant and equipment, net 12,399 12,845
Intangible assets, net 375 825
Other noncurrent assets 6,437 7,026
Total assets 227,794 179,701
Liabilities and stockholders' equity    
Accounts payable 7,298 5,885
Accrued liabilities 9,483 12,063
Accrued employee costs 3,958 13,945
Lease liability, current portion 2,031 1,488
Other current liabilities 3,193 2,488
Total current liabilities 25,963 35,869
Lease liability, noncurrent portion 3,444 4,213
Convertible Notes Payable 96,896 96,693
Warrant liability 73,961 29,711
Total liabilities 200,264 166,486
Commitments and contingencies (Note 15)
Convertible preferred stock $0.0001 par value; 10,000 shares authorized; no,shares issued and outstanding 0 0
Stockholders' Deficit    
Common stock $0.0001 par value; 422,000 shares authorized; 68,683 and 61,580 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 7 6
Additional paid-in capital 899,503 770,502
Accumulated other comprehensive loss (88) (4)
Accumulated deficit (871,892) (757,289)
Total stockholders' equity 27,530 13,215
Total liabilities and stockholders' equity $ 227,794 $ 179,701