v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 100,051 $ 18,571
Prepaid expenses and other current assets 6,670 5,769
Total current assets 106,721 24,340
Property and equipment, net 13,347 14,392
Restricted cash 320 316
Other assets 3,818 4,468
Total assets 124,206 43,516
Current liabilities    
Accounts payable 5,140 6,202
Accrued expenses and other current liabilities 11,014 14,733
Operating lease obligations 839 858
Convertible notes 82,359 0
Derivative liability 33,708 0
Current portion of long term debt 20 1,250
Total current liabilities 133,080 23,043
Non-current liabilities    
Operating lease obligations, less current portion 3,039 3,494
Long term debt, net 1,729 27,542
Other non-current liabilities 2,914 1,603
Total non-current liabilities 7,682 32,639
Total liabilities 140,762 55,682
Commitments and contingencies (Note 15)
Stockholders' equity    
Preferred stock; $0.01 par value; 10,000,000 shares authorized at June 30, 2026 and December 31, 2025; zero shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 0 0
Common stock; $0.01 par value; 390,000,000 shares authorized, 339,166,393 and 312,501,472 shares issued, and 339,044,893 and 312,379,972 shares outstanding at June 30, 2026 and December 31, 2025, respectively 3,390 3,125
Treasury stock, at cost, 121,500 shares at June 30, 2026 and December 31, 2025 (48) (48)
Additional paid-in capital 432,010 392,763
Accumulated other comprehensive income 213 61
Accumulated deficit (452,121) (408,067)
Total stockholders' equity (16,556) (12,166)
Total liabilities and stockholders' equity $ 124,206 $ 43,516