v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 3,730 $ 2,990
Investments 6,189 16,279
Accounts receivable, net 4,366 5,200
Inventory 5,202 5,448
Prepaid expenses and other current assets 4,890 5,203
Restricted cash and investments 501 10,266
Total current assets 24,878 45,386
Property and equipment, net 13,017 14,847
Operating lease right-of-use assets 2,935 3,217
Finance lease right-of-use assets 2,993 3,095
Intangible assets, net 1,665 4,345
Other long-term assets 2,103 2,694
Total assets 47,591 73,584
Current liabilities:    
Accounts payable 4,562 5,590
Accrued expenses 3,456 5,460
Contract liabilities 1,145 967
Operating lease liability 633 697
Finance lease liability 243 249
Convertible debentures payable (at fair value) 0 9,979
Total current liabilities 10,039 22,942
Operating lease liability, net of current portion 2,384 2,489
Finance lease liability, net of current portion 3,444 3,480
Long-term contract liabilities 118 249
Total liabilities 15,985 29,160
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized and no shares issued or outstanding as of June 30, 2026 and December 31, 2025 0 0
Common stock, $0.0001 par value; 400,000,000 shares authorized at June 30, 2026 and December 31, 2025; 11,777,300 and 10,740,200 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 1 1
Additional paid-in capital 766,937 764,026
Accumulated deficit (735,346) (719,620)
Accumulated other comprehensive income 14 17
Total stockholders’ equity 31,606 44,424
Total liabilities and stockholders’ equity $ 47,591 $ 73,584