v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Restricted cash and cash equivalents $ 285 $ 578
Trade accounts receivable, net 2,497 12,480
Inventories 2,155 1,129
Prepaid and other current assets 1,145 1,097
Total current assets 6,082 15,284
Property and equipment, net 412 418
Operating lease right-of-use assets 118 182
Intangible asset, net (Note 7) 869 4,348
Other noncurrent assets 41 42
Total assets 7,522 20,274
Current liabilities:    
Accounts payable 12,150 13,153
Short-term debt 362 147
Accrued expenses 1,571 1,292
Accrued compensation 2,177 2,587
Operating lease liabilities – current 114 128
Derivative liabilities 6,913 1,006
Contingent liabilities - current (Note 7) 312 272
Other current liabilities 11,171 12,016
Total current liabilities 88,615 84,820
Operating lease liabilities – noncurrent 4 54
Contingent liabilities - noncurrent (Note 7) 1,393 4,837
Total liabilities 90,012 89,711
Commitments and contingencies (Note 7)
Convertible and redeemable preferred stock 5,026 4,899
Stockholders’ deficit:    
Preferred stock, $0.0001 par value; 5,000,000 shares authorized; no shares issued and outstanding as of both June 30, 2026 and December 31, 2025
Common Stock, $0.0001 par value; 3,000,000,000 shares authorized; 132,530,081 and 126,685,925 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 13 13
Additional paid-in capital 831,875 831,859
Accumulated other comprehensive loss (5,385) (8,818)
Accumulated deficit (914,019) (897,390)
Total stockholders’ deficit (87,516) (74,336)
Total liabilities, convertible and redeemable preferred stock and stockholders’ deficit 7,522 20,274
Baker Bros Notes [Member]    
Current liabilities:    
Convertible notes 18,616 20,097
Related Party [Member]    
Current liabilities:    
Convertible notes 1,219 1,352
Adjuvant Notes [Member]    
Current liabilities:    
Convertible notes $ 34,010 $ 32,770