v3.26.1
CONDENSED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 13,565 $ 12,974
Short-term investments 0 5,004
Accounts receivable, net of allowance of $79 and $62, respectively 6,170 6,377
Notes receivable, net of allowance of $10 and $6, respectively 501 295
Inventories 24,871 21,520
Prepaid and other current assets 1,919 601
Total current assets 47,026 46,771
Property and equipment, net 445 505
Equipment under lease, net 14,414 15,485
Notes and other receivables, long-term, net of allowance of $12 and $15, respectively 582 731
Intangible assets, net 4,734 5,191
Other assets 2,357 2,747
Total assets 69,558 71,430
Current liabilities:    
Accounts payable 11,193 18,982
Accrued liabilities 4,728 7,771
Deferred revenue 2,927 3,074
Operating lease liabilities 792 747
Acquisition-related deposit   10,000
Total current liabilities 19,640 40,574
Long-term accounts payable 3,750  
Long-term operating lease liabilities 1,589 1,988
Warrant liabilities 15,016 40,194
Other long-term liabilities 874 909
Total liabilities 40,869 83,665
Commitments and contingencies (Note 10)
Series A Redeemable Convertible Preferred Stock, par value $0.01 per share, 20 shares authorized at June 30, 2026 and December 31, 2025; 20 shares issued and outstanding at June 30, 2026 and December 31, 2025; aggregate liquidation preference of $20,000 at June 30, 2026 and December 31, 2025 13,784 13,784
Stockholders' equity (deficit):    
Preferred stock, par value $0.01 per share, 9,980 shares authorized at June 30, 2026 and December 31, 2025; no shares issued and outstanding at June 30, 2026 and December 31, 2025
Common stock, par value $0.01 per share, 150,000 shares authorized at June 30, 2026 and December 31, 2025; 12,282 and 11,993 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 123 120
Additional paid-in capital 152,490 151,432
Accumulated other comprehensive income 0 4
Accumulated deficit (137,708) (177,575)
Total stockholders' equity (deficit) 14,905 (26,019)
Total liabilities, redeemable convertible preferred stock, and stockholders' (deficit) equity $ 69,558 $ 71,430