v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 53,454 $ 57,215
Restricted cash 100 100
Accounts receivable – other 0 145
Prepaid expenses and other current assets 790 466
Total current assets 54,344 57,926
Non-current assets:    
Property, plant and equipment, net 53 62
Intellectual property and patented technology 1,925 1,925
Operating lease right-of-use assets, net 339 173
Deposits 161 161
Total non-current assets 2,478 2,321
Total assets 56,822 60,247
Current liabilities:    
Accounts payable 443 985
Accrued liabilities 1,141 906
Operating lease liabilities 359 174
Other current liabilities 134 35
Total current liabilities 2,077 2,100
Non-current liabilities:    
Operating lease liabilities 0 12
Total non-current liabilities 0 12
Total liabilities 2,077 2,112
Commitments and contingencies (see Note 8)
Stockholders’ equity    
Additional paid in capital 65,153 64,070
Accumulated deficit (36,329) (34,215)
Noncontrolling interest 25,917 28,276
Total stockholders’ equity 54,745 58,135
Total liabilities and stockholders’ equity 56,822 60,247
Class A Common Stock    
Stockholders’ equity    
Common stock value 2 2
Class C Common Stock    
Stockholders’ equity    
Common stock value $ 2 $ 2