v3.26.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 9,671 $ 5,189
Accounts receivable 43 0
Inventory 37 37
Prepaid expenses and other current assets 5,163 3,751
Total current assets 14,914 8,977
Restricted cash 58 58
Operating lease right-of-use assets 2,753 3,073
Property and equipment, net 5,316 6,023
TOTAL ASSETS 23,041 18,131
Current liabilities:    
Accounts payable 1,142 892
Accrued liabilities 2,482 5,002
Operating lease obligations, current portion 815 808
Notes payable, current portion 413 1,696
Convertible notes payable, current portion 0 2,378
Total current liabilities 4,852 10,776
Operating lease obligations, net of current portion 2,805 3,250
Notes payable, net of current portion 5,374 3,741
Convertible notes payable, net of current portion 12,937 9,800
TOTAL LIABILITIES 47,818 35,723
Commitments and contingencies (Note 9)
Stockholders’ deficit:    
Common stock, $0.0001 par value: 600,000,000 shares authorized; 12,778,307 and 10,849,974 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 1 1
Additional paid-in capital 304,825 290,531
Accumulated deficit (329,811) (308,296)
Accumulated other comprehensive income 208 172
TOTAL STOCKHOLDERS’ DEFICIT (24,777) (17,592)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT 23,041 18,131
Common Stock Warrant Liability [Member]    
Current liabilities:    
Derivative liabilities 16,137 5,063
Derivatives Other Than Common Stock Warrants Liabilities [Member]    
Current liabilities:    
Derivative liabilities $ 5,713 $ 3,093