v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income (loss) $ (3,145) $ 1,930
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 444 74
Non-cash interest expense 361 195
Loss on extinguishment of senior secured note 0 134
Gain on extinguishment of forward purchase agreement settlement liability 0 (2,357)
Gain on extinguishment of liabilities 0 (1,197)
Changes in operating assets and liabilities:    
Prepaid expenses and other current and non-current assets 40 (37)
Accounts payable (214) 74
Accrued expenses and other current liabilities (174) 720
Net cash used in operating activities (2,688) (464)
Cash flows from financing activities:    
Proceeds from sale of Series D Preferred stock, net of expenses 13,838 0
Proceeds from the exercise of stock options 1 0
Proceeds from convertible notes, net 0 2,825
Payment of senior secured notes 0 (1,343)
Net cash provided by financing activities 13,839 1,482
Effect of exchange rate changes on cash and cash equivalents (39) (21)
Net increase in cash and cash equivalents 11,112 997
Cash and cash equivalents and restricted cash at beginning of period 1,659 359
Cash and cash equivalents and restricted cash at end of period 12,771 1,356
Supplemental disclosures    
Debt discount on modification of convertible notes 230 0
Issuance of common stock in connection with settlement of liability 0 2,039
Issuance of common stock in connection with settlement of obligation $ 0 $ 79