v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 12,841 $ 28,415
Restricted cash 960 342
Accounts receivable, net 82 233
Inventory 483 722
Prepaid expenses 3,074 4,028
Other current assets 11,260 10,945
Total current assets 28,700 44,685
Property and equipment, net 99 175
Operating lease right-of-use assets 0 56
Total assets 28,799 44,916
Current liabilities    
Accounts payable 18,783 14,701
Accrued expenses 3,921 4,341
Current portion of long-term debt 104,451 24,931
Total current liabilities 137,149 53,926
Derivative liabilities 7,110 1,790
Long-term debt 0 84,663
Total liabilities 144,259 140,379
Commitments and contingencies (Note 16)
Stockholders' (deficit) equity    
Preferred stock, $0.001 par value, 10,000 shares authorized; no shares issued and outstanding as of June 30, 2026 and December 31, 2025 0 0
Common stock, $0.001 par value, 200,000 shares authorized as of June 30, 2026 and December 31, 2025; 31,305 and 22,328 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 31 76
Additional paid-in-capital 632,007 624,555
Accumulated deficit (747,498) (720,094)
Total stockholders' (deficit) equity (115,460) (95,463)
Total liabilities and stockholders' (deficit) equity 28,799 44,916
Related Party    
Current liabilities    
Other current liabilities 157 138
Nonrelated Party    
Current liabilities    
Other current liabilities $ 9,837 $ 9,815