v3.26.1
Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities:    
Consolidated net loss $ (10,153) $ (29,565)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Change in fair value of warrant liability 1,810 25,965
Accounts receivable (110) (755)
Inventory (583) (188)
Prepaid expenses and other current assets 105 (20)
Amortization of operating lease right-of-use assets 124 (167)
Accounts payable (265) 380
Deferred revenue 186
Tax payable 37 26
Other non-cash expenses (1,217) 73
Depreciation and amortization 377 281
Stock based compensation 8,202
Change in operating lease liabilities (123) 168
Net cash used in operating activities (1,610) (2,358)
Cash flows from investing activities:    
Purchase of property and equipment (71) (138)
Purchase of short-term investments (126,220) (127)
Purchase of long-term investments (9) (175)
Proceeds from maturities and sales of short-term investments 2,116
Notes receivable (5)
Net cash provided by (used in) investing activities (124,189) (440)
Cash flows from financing activities:    
Contributions from non-controlling interests 4
Proceeds from warrants exercise 9,184
Loans received from third parties (6) (4)
Proceeds from issuance of shares of common stock 69,066 8,063
Net cash provided by financing activities 78,248 8,059
Net change in cash and cash equivalents (47,551) 5,261
Cash and cash equivalents at beginning of the period 185,574 14,566
Cash and cash equivalents at end of the period 138,023 19,827
Supplemental noncash disclosures:    
Intangible assets acquired in exchange for common shares $ 3,697