v3.26.1
Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net loss $ (10,809) $ (10,039)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 473 684
Equity-based compensation 752 853
Changes in operating assets and liabilities:    
Accounts receivable 39 53
Prepaid expenses and other current assets (495) (596)
Other assets 165 2
Accounts payable 210 601
Deferred revenue 0 0
Accrued expenses and other current liabilities 84 232
Operating lease asset and lease liability (112) (127)
Other liabilities (330) 43
Net cash used in operating activities (10,023) (8,294)
Cash flows from investing activities    
Acquisition of property and equipment (103) (188)
Acquisition of intangible assets (20) (225)
Net cash used in investing activities (123) (413)
Cash flows from financing activities    
Proceeds from the issuance of common and preferred stock, net of issuance cost 13,462 0
Proceeds from sale of interest in 50% of PRV value 890 0
Proceeds from warrants exercised, net of issuance cost 1,362 0
Payments for taxes on RSUs vested (152) (191)
Net cash provided by (used in) financing activities 15,562 (191)
Change in cash and cash equivalents 5,416 (8,898)
Cash and cash equivalents at beginning of the period 4,661 19,232
Cash and cash equivalents at end of the period 10,077 10,334
Supplement Disclosure of Non-Cash Financing Activities:    
Unpaid purchases of property, plant, and equipment in accrued expenses 33  
Vesting of RSUs into Class A common stock $ (339) $ (498)