v3.26.1
Condensed Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities:    
Net loss $ (30,921) $ (36,478)
Adjustments to reconcile net loss to net cash used for operating activities:    
Depreciation, amortization, and impairment 249 279
Share-based compensation 5,213 3,471
Loss on extinguishment of debt 11,683 0
Issuance of warrants under the Purchase Agreement 916 0
Amortization of debt issuance costs and discounts 4,053 5,498
Other, net 49 (11)
Changes in operating assets and liabilities:    
Trade and other receivables, net 8,437 (4,476)
Inventories (1,190) (2,081)
Prepaid expenses and other assets 1,796 3,104
Accounts payable (21,400) 1,582
Accrued expenses and other liabilities (2,587) (2,176)
Deferred revenue (545) (26)
Net cash used for operating activities (24,247) (31,314)
Investing activities:    
Capital expenditures (264) (242)
Net cash used for investing activities (264) (242)
Financing activities:    
Proceeds from Common Stock issued under public equity offering-ATM, net 4,680 21,236
Proceeds from issuance of long-term debt under the Credit Agreement 54,337 0
Proceeds from issuance of warrants under the Credit Agreement 663 0
Proceeds from shares issued under employee stock purchase plan 70 50
Proceeds from exercise of stock options, net 27 7
Repayment of debt principal - 13.5% Notes (45,000) 0
Debt exit fee paid - 13.5% Notes 2,000 0
Premium paid to retire debt - 13.5% Notes (3,887) 0
Payments for financing costs (3,470) 0
Payments for lease liabilities (18) (14)
Payments for royalty obligations 0 (11)
Payments for taxes on share-based compensation, net (3,570) (722)
Net cash provided by financing activities 1,832 20,546
Net decrease in cash and cash equivalents (22,679) (11,010)
Cash and cash equivalents:    
Cash and cash equivalents at beginning of period 121,169 71,546
Cash and cash equivalents at end of period 98,490 60,536
Supplemental disclosures of cash flow information:    
Cash payments for interest 2,269 3,050
Non-cash investing activities: capital expenditures in Accounts Payable 43 83
Non-cash financing activities: Term Loan Facility costs in Accounts Payable $ 461 $ 0