v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Dec. 31, 2024
Current assets      
Cash $ 129 $ 279 $ 5,173
Accounts receivable, net 1,329 1,253 2,705
Loan receivable, net   1,584
Inventory, net 207 293 544
Prepaid expenses and other current assets 644 570 787
Total current assets 2,309 2,395 10,793
Inventory, non-current 3,143 3,096 3,676
Property and equipment, net 26,353 27,214 22,219
Leases right-of-use assets 1,311 1,431 1,091
Other non-current assets 1,398 848  
Total assets 34,514 34,984 39,575
Current liabilities      
Accounts payable 6,182 6,773 1,246
Accrued expenses and other current liabilities 2,959 1,990 3,570
Short-term debt 6,490 5,753 5,457
Short-term operating lease liabilities 407 440 352
Total current liabilities 16,038 14,956 10,625
Long-term liabilities      
Operating lease liabilities, non-current 905 993 735
SAFE liability 4,086 45,362
Convertible notes   19,432
Other non-current liabilities 2,423 2,601 2,203
Total long-term liabilities 3,328 7,680 67,732
Total liabilities 19,366 22,636 78,357
Commitments and contingencies (Note 9)
Redeemable convertible preferred stock, $0.0001 par value; 197,867 191,199 104,634
Stockholders’ deficit      
Common stock, $0.0001 par value; Authorized shares: 219,481,484 shares as of March 31, 2026 and December 31, 2025. Issued and outstanding shares: 29,442,072 and 26,163,296 shares as of March 31, 2026 and December 31, 2025, respectively. 3 3 2
Additional paid-in capital 10,782 7,709 3,474
Accumulated deficit (193,504) (186,563) (146,892)
Total stockholders’ deficit (182,719) (178,851) (143,416)
Total liabilities, redeemable convertible preferred stock and stockholders’ deficit $ 34,514 34,984 39,575
Previously Reported [Member]      
Current assets      
Restricted cash, non-current   141 151
Other non-current assets   $ 707 $ 1,645