v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 595 $ 3,040
Prepaid expenses and other current assets 1,979 2,166
Loan receivable   311
Total current assets 2,574 5,517
Non-current assets:    
Property, plant and equipment, net 16,476 17,406
Right-of-use asset, net 3,979 4,197
Intangible assets, net 51,932 53,188
Goodwill 626 626
Other assets 354 356
Total non-current assets 73,367 75,773
TOTAL ASSETS 75,941 81,290
Current liabilities:    
Accounts payable and accrued expenses 32,529 30,816
Convertible notes, net 640 640
Convertible notes at fair value 22,640 32,056
Notes payable, net 10,246 9,468
Contingent payable derivative liability   9,416
Investor advances 207 207
Share payable 223 373
Lease liabilities 212 374
Due to related party $ 6,655 $ 8,350
Other Liability, Current, Related Party [Extensible Enumeration] us-gaap:RelatedPartyMember us-gaap:RelatedPartyMember
Total current liabilities $ 73,352 $ 91,700
Non-current liabilities:    
Convertible notes, net of current portion 2,369 325
Convertible notes at fair value, net of current portion 3,842 5,220
Notes payable, net of current portion, net 12,236 12,333
Lease liabilities, net of current portion 4,256 4,411
Contingent payment obligation 1,700 1,700
Deferred tax liability 12,962 13,171
Total non-current liabilities 37,365 37,160
Total liabilities 110,717 128,860
COMMITMENTS AND CONTINGENCIES (Note 12)
Stockholders' deficit:    
Preferred stock ($0.001 par value); 100,000,000 shares authorized as of June 30, 2026 and December 31, 2025, respectively
Common stock ($0.001 par value); 2,600,000,000 shares authorized; 1,681.3 million and 1,567.4 million shares issued as of June 30, 2026 and December 31, 2025; 1,669.3 million and 1,555.4 million shares outstanding as of June 30, 2026 and December 31, 2025, respectively 1,681 1,567
Treasury stock, 12,000,000 shares at June 30, 2026 and December 31, 2025, respectively (12) (12)
Additional paid-in capital 1,469,433 1,442,830
Stock subscription receivable (79) (79)
Accumulated deficit (1,515,951) (1,503,661)
Accumulated other comprehensive loss (246) (925)
Total stockholders' deficit (45,174) (60,280)
TOTAL LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS' DEFICIT 75,941 81,290
Series C Convertible Preferred Stock    
Mezzanine equity:    
Series C Convertible Preferred Stock, 10,000,000 shares designated; 637,614 shares and 784,347 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively; aggregate liquidation preference of $8.7 million $ 10,398 $ 12,710