v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 30,228 $ 590
Accounts receivable, net 1,148 2,597
Inventory 1,464 947
Contract assets 5,143 5,432
Prepaid expenses and other current assets 8,683 2,318
Total current assets 46,666 11,884
Property and equipment, net 2,493 2,671
Operating lease right-of-use assets 337 708
Other assets 336 381
Total assets 49,832 15,644
Current liabilities:    
Accounts payable 218 628
Contract liabilities 81 0
Accrued and other current liabilities 17,074 21,680
Common stock forward liability 0 3
Borrowings 39,053 56,589
Operating lease liabilities, current 316 686
Total current liabilities 56,742 79,586
Long-term borrowings 11,028 0
Convertible promissory notes, net of current 5,184 6,046
Net defined benefit liabilities 7,439 7,598
Long-term operating lease liabilities 31 41
Other taxes payable 2,368 2,265
Warrant liabilities 18,315 2,870
Other liabilities 741 531
Total liabilities 101,848 98,937
Commitments and contingencies (Note 7)
Stockholders' deficit:    
Preferred stock, par value $0.0001 per share; 40,000 shares authorized as of June 30, 2026 and December 31, 2025; no shares issued and outstanding as of June 30, 2026 and December 31, 2025
Common stock, par value $0.0001 per share; 400,000 shares authorized as of June 30, 2026 and December 31, 2025; 91,964 and 58,137 shares issued and outstanding as of 91,964, 2026 and December 31, 2025, respectively 9 6
Additional paid-in capital 580,837 520,925
Accumulated other comprehensive income 2,785 1,181
Accumulated deficit (635,647) (605,405)
Total stockholders' deficit (52,016) (83,293)
Total liabilities and stockholders' deficit $ 49,832 $ 15,644