v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash $ 646 $ 259
Accounts receivable, net of allowance for credit losses of $6 and $41, respectively 399 709
Prepaid expenses and other current assets 752 445
Total current assets 1,797 1,413
Property and equipment, net 0 8
Intangible assets, net 7,434 8,027
Goodwill 21,992 21,992
Operating lease right-of-use assets 42 56
Deferred offering costs 32 122
Other assets 4 4
Total assets 31,301 31,631
Current liabilities:    
Accounts payable 2,466 2,494
Accrued expenses and other current liabilities 3,481 4,354
Convertible notes, carried at fair value 484 1,856
Notes payable, carried at fair value 1,489 2,591
Private placement warrant liability 1,699 296
Earnout liability 500 991
Deferred revenue 3,078 3,642
Operating lease liabilities, current 31 23
Total current liabilities 18,014 22,370
Deferred revenue, non-current 101 94
Deferred tax liability 945 1,078
Operating lease liabilities, non-current 11 34
Total liabilities 19,071 23,576
Commitments and contingencies (Note 15)
Stockholders' equity:    
Common stock, $0.0001 par value, 275,000,000 (250,000,000 Class A and 25,000,000 Class B) shares authorized and 2,690,579 (2,656,723 Class A and 33,856 Class B) and 527,317 (515,761 Class A and 11,556 Class B) shares issued and outstanding at June 30, 2026 and 2025, respectively 0 0
Preferred stock, $0.0001 par value, 75,000,000 shares authorized, 1 and 1 shares issued and outstanding at June 30, 2026 and 2025, respectively
Additional paid-in capital 126,445 108,912
Accumulated other comprehensive (loss) income (61) (85)
Accumulated deficit (114,154) (100,772)
Stockholders' equity 12,230 8,055
Total liabilities and stockholders' equity 31,301 31,631
Related Party [Member]    
Current assets:    
Bifurcated embedded derivative asset 0 9
Current liabilities:    
Convertible notes 4,752 4,923
Financial instruments - related party 34 0
Yorkville [Member]    
Current liabilities:    
Convertible notes $ 0 $ 1,200