v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 3,689 $ 374
Accounts receivable   3
Research and development tax credit receivable   549
Note receivables, net 6,213  
Prepaid expenses and other current assets 454 575
Total current assets 10,356 1,501
Property, plant and equipment, net   180
Right-of-use assets, net 0 607
Total assets 10,356 2,288
Current liabilities    
Accounts payable and accrued expenses 675 4,603
Lease liabilities, current   271
Notes payable, net   928
Deferred revenue   108
Total current liabilities 675 5,910
Lease liabilities, non-current   312
Total liabilities 675 6,222
Contingencies (Note 9)
Stockholders' equity / (deficit):    
Preferred stock, par value $0.0001 per share, 10,000,000 shares authorized, 26,411.5 and 0 shares issued and outstanding, at June 30, 2026 and December 31, 2025, respectively
Common stock, par value $0.0001 per share, 5,000,000,000 shares authorized, 25,682,643 and 6,839,689 shares issued and outstanding, at June 30, 2026 and December 31, 2025, respectively 3 1
Additional paid-in capital 157,433 124,772
Accumulated other comprehensive loss   (3,578)
Accumulated deficit (147,755) (125,129)
Total stockholders' equity / (deficit) 9,681 (3,934)
Total liabilities and stockholders' equity / (deficit) $ 10,356 $ 2,288