v3.26.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets:    
Cash $ 33,404 $ 34,705
Accounts receivable 1,088 643
Inventory 484 353
Prepaid expenses, deposits, and other current assets 1,647 1,767
Total current assets 36,623 37,468
Fixed assets, net 810 809
Operating lease right-of-use assets 1,398 1,806
Intangible assets, net 105 315
Other assets 10 47
Total assets 38,946 40,445
Liabilities, Preferred Stock and Stockholders’ Equity (Deficit)    
Accounts payable 667 970
Accrued expenses and other current liabilities 2,443 2,719
Operating lease liabilities, current portion 906 893
Senior Secured Convertible Notes - at fair value 23,500 24,000
Total current liabilities 27,516 28,582
Operating lease liabilities, less current portion 503 927
Total liabilities 28,019 29,509
Commitments and contingencies (Note 8)
Stockholders’ Equity (Deficit):    
Preferred stock, $0.001 par value, 20,000,000 shares authorized; Series B and Series B-1 Convertible Preferred Stock, issued and outstanding 0 and 54,274 as of June 30, 2026 and December 31, 2025, respectively 0 54,274
Common stock, $0.001 par value, 400,000,000 and 300,000,000 shares authorized as of June 30, 2026 and December 31, 2025, respectively; 190,757,165 and 131,098,762 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 191 131
Additional paid-in capital 323,414 230,866
Accumulated deficit (312,678) (274,335)
Total Stockholders’ Equity (Deficit) 10,927 10,936
Total Liabilities and Stockholders’ Equity (Deficit) $ 38,946 $ 40,445