v3.26.1
CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
 [1]
Current assets:    
Cash and cash equivalents $ 31,192 $ 10,401
Accounts receivable 3,268 2,988
Inventory 2,503 1,509
Prepaid expenses and other current assets 6,885 422
Total current assets 43,848 15,320
Property and equipment, net 495 298
Other assets 371 252
Operating lease right-of-use assets 670 872
Total assets 45,384 16,742
Current liabilities:    
Accounts payable 2,268 954
Accrued expenses 1,813 2,095
Operating lease liabilities, current portion 539 491
Short-term loan payable 307 88
Deferred revenue 64 27
Total current liabilities 4,991 3,655
Operating lease liabilities, long-term portion 300 589
Total liabilities 5,291 4,244
Commitments and contingencies (Note 8)
Stockholders' equity:    
Preferred Stock, $0.00001 par value, 10,000,000 shares authorized as of June 30, 2026 and December 31, 2025; no shares issued or outstanding as of June 30, 2026 or December 31, 2025.
Common Stock, $0.00001 par value, 200,000,000 shares authorized as of June 30, 2026 and December 31, 2025; 5,527,071 and 2,200,240 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively. 1 1
Additional paid-in capital 454,692 422,530
Accumulated deficit (414,600) (410,033)
Total stockholders' equity 40,093 12,498
Total liabilities and stockholders' equity $ 45,384 $ 16,742
[1] The condensed balance sheet as of December 31, 2025 was derived from the audited balance sheet as of that date.