v3.26.1
Unaudited Condensed Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net Income (Loss) $ (5,892) $ (34,045)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 120 298
Change in fair value of warrant liability (2,894) (1,583)
Change in fair value of PPAs (273) 0
Stock-based compensation 1,575 3,022
Changes in operating assets and liabilities:    
Accounts receivable (2,000) 0
Prepaid expenses and other assets 181 (383)
Accounts payable and accrued expenses 3,087 2,535
Accounts payable and accrued expenses - related parties 300 0
Right-of-use assets and lease liabilities, net 110 (252)
Net cash used in operating activities (5,686) (30,408)
Cash flows from financing activities    
Proceeds from issuance of common stock under SEPA 413 0
Payment of financing costs related to issuance of common stock, PPAs and SEPA (289) (444)
Proceeds from issuance of common stock under Employee Stock Purchase Plan 3 47
Payments for taxes related to net settlement of equity awards (15) (34)
Net cash provided by (used in) financing activities 112 (431)
Net decrease in cash and cash equivalents (5,574) (30,839)
Cash and cash equivalents, beginning of period 7,118 49,046
Cash and cash equivalents, end of period 1,544 18,207
Supplemental disclosure of non-cash investing and financing activities    
Fair value of common stock issued in satisfaction of PPAs liability 3,869 0
Increase in right-of-use assets and operating lease liabilities resulting from contract modification $ 0 $ 5,999