Summary of Significant Accounting Policies (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
|---|
| Accounting Policies [Abstract] |
|
| Schedule of contract balance |
| Schedule of contract balance |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Contract balance |
|
December 31,
2025 |
|
|
March 31,
2026 |
|
|
June 30,
2026 |
|
|
Six-month
movement |
|
| Accounts receivable, net |
|
$ |
789 |
|
|
$ |
907 |
|
|
$ |
706 |
|
|
$ |
(83 |
) |
| Deferred revenue |
|
$ |
1,465 |
|
|
$ |
1,986 |
|
|
$ |
1,365 |
|
|
$ |
(100 |
) |
|
| Schedule of anti-dilutive shares |
| Schedule of anti-dilutive shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (in thousands) |
|
Three Months Ended
June 30,
2026 |
|
|
Three Months Ended
June 30,
2025 |
|
|
Six Months Ended
June 30,
2026 |
|
|
Six Months Ended
June 30,
2025 |
|
| Stock options |
|
|
3,681 |
|
|
|
1,800 |
|
|
|
3,681 |
|
|
|
2,150 |
|
| Restricted stock units |
|
|
3,088 |
|
|
|
677 |
|
|
|
3,088 |
|
|
|
1,597 |
|
| Warrants |
|
|
21,032 |
|
|
|
21,032 |
|
|
|
21,032 |
|
|
|
21,302 |
|
| Convertible debt |
|
|
43,731 |
|
|
|
- |
|
|
|
29,500 |
|
|
|
- |
|
| Total |
|
|
71,532 |
|
|
|
23,509 |
|
|
|
57,301 |
|
|
|
25,049 |
|
|
| Schedule of financial liabilities measured at fair value |
| Schedule of financial liabilities measured at fair value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
As of
June 30,
2026 |
|
|
Quoted price in
Active Market
(Level 1) |
|
|
Significant other
observable input
(Level 2) |
|
|
Significant other
unobservable input
(Level 3) |
|
| Warrants |
|
$ |
1,199 |
|
|
$ |
694 |
|
|
$ |
505 |
|
|
$ |
- |
|
| Convertible Note |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| - 2025 Avondale Prepaid Purchase #4 |
|
|
4,028 |
|
|
|
- |
|
|
|
- |
|
|
|
4,028 |
|
| - 2026 Avondale Prepaid Purchase #1 |
|
|
1,162 |
|
|
|
- |
|
|
|
- |
|
|
|
1,162 |
|
| - 2026 Avondale Prepaid Purchase #2 |
|
|
4,872 |
|
|
|
- |
|
|
|
- |
|
|
|
4,872 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
As of
December 31,
2025 |
|
|
Quoted price in
Active Market
(Level 1) |
|
|
Significant other
observable input
(Level 2) |
|
|
Significant other
unobservable input
(Level 3) |
|
| Warrants |
|
$ |
1,051 |
|
|
$ |
1,051 |
|
|
$ |
- |
|
|
$ |
- |
|
| Convertible Note |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| - 2025Avondale Prepaid Purchase #1 |
|
|
1,231 |
|
|
|
- |
|
|
|
- |
|
|
|
1,231 |
|
| - 2025 Avondale Prepaid Purchase #2 |
|
|
2,749 |
|
|
|
- |
|
|
|
- |
|
|
|
2,749 |
|
| - 2025 Avondale Prepaid Purchase #3 |
|
|
4,683 |
|
|
|
- |
|
|
|
- |
|
|
|
4,683 |
|
| - 2025 Avondale Prepaid Purchase #4 |
|
|
3,996 |
|
|
|
- |
|
|
|
- |
|
|
|
3,996 |
|
|
| Schedule of changes in fair value of the liabilities |
| Schedule of changes in fair value of the liabilities |
|
|
|
|
| Warrant liability – January 1, 2026 |
|
$ |
1,051 |
|
| Change in fair value of derivative instruments |
|
|
(378 |
) |
| Warrant liability – March 31, 2026 |
|
|
673 |
|
| Change in fair value of derivative instruments |
|
|
526 |
|
| Warrant liability – June 30, 2026 |
|
$ |
1,199 |
|
| |
|
|
|
|
| Warrant liability – January 1, 2025 |
|
$ |
5,048 |
|
| Change in fair value of derivative instruments |
|
|
(2,314 |
) |
| Warrant liability – March 31, 2025 |
|
|
2,734 |
|
| Change in fair value of derivative instruments |
|
|
(1,262 |
) |
| Warrant liability – June 30, 2025 |
|
$ |
1,472 |
|
|
| Schedule of valuation models |
| Schedule of valuation models |
|
|
|
|
|
|
|
|
| Inputs |
|
June 30,
2026 |
|
|
December 31,
2025 |
|
| Valuation method |
|
Scenario based analysis |
|
|
Scenario based analysis |
|
| Stock price |
|
$ |
0.18 |
|
|
$ |
0.33 |
|
| Equity dividend yield |
|
|
0.00 |
% |
|
|
0.00 |
% |
| Expected term (years) |
|
|
1.738 |
|
|
|
2.32 |
|
| Volatility |
|
|
101.60 |
% |
|
|
116.40 |
% |
| Discount rate |
|
|
3.72 |
% |
|
|
3.59 |
% |
| Risk free rate |
|
|
4.06 |
% |
|
|
3.46 |
% |
Avondale (2026)
Pre-Paid Purchase #1
| Inputs |
|
June 30,
2026 |
|
| Valuation method |
|
Scenario based analysis |
|
| Stock price |
|
$ |
0.19 |
|
| Equity dividend yield |
|
|
0.00 |
% |
| Expected term (years) |
|
|
1.738 |
|
| Volatility |
|
|
101.60 |
% |
| Discount rate |
|
|
4.01 |
% |
| Risk free rate |
|
|
4.06 |
% |
Avondale (2026)
Pre-Paid Purchase #2
| Inputs |
|
June 30,
2026 |
|
| Valuation method |
|
Scenario based analysis |
|
| Stock price |
|
$ |
0.19 |
|
| Equity dividend yield |
|
|
0.00 |
% |
| Expected term (years) |
|
|
1.738 |
|
| Volatility |
|
|
101.60 |
% |
| Discount rate |
|
|
4.01 |
% |
| Risk free rate |
|
|
3.92 |
% |
Streeterville
Pre-Paid Purchase #3
| Inputs |
|
December 31,
2025 |
|
| Valuation method |
|
Scenario based analysis |
|
| Stock price |
|
$ |
1.82 |
|
| Equity dividend yield |
|
|
0.00 |
% |
| Expected term (years) |
|
|
2.42 |
|
| Volatility |
|
|
100.80 |
% |
| Discount rate |
|
|
11.80 |
% |
| Risk free rate |
|
|
4.22 |
% |
Avondale (2025)
Pre-Paid Purchase #1
| Inputs |
|
December 31,
2025 |
|
| Valuation method |
|
Scenario based analysis |
|
| Stock price |
|
$ |
0.33 |
|
| Equity dividend yield |
|
|
0.00 |
% |
| Expected term (years) |
|
|
2.23 |
|
| Volatility |
|
|
116.40 |
% |
| Discount rate |
|
|
3.59 |
% |
| Risk free rate |
|
|
3.57 |
% |
|