v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 21,695 $ 2,827
Accounts receivable, net 1,564
Inventory 1,766
Prepaid expenses and other current assets 5,003 394
Total current assets 28,262 4,987
Property and equipment, net 31,373 101
Operating lease right-of-use assets, net 5,286 415
Intangible assets, net 15,047
Goodwill 519,318
Other assets 37 97
Total assets 599,323 5,600
Current liabilities:    
Accounts payable 3,870 3,477
Accrued liabilities 3,499 665
Deferred revenue, current 1,810 12
Bridge loan (related party) 4,382
Operating lease liabilities, current 2,591 253
Finance lease liabilities, current 3,910 18
Total current liabilities 15,680 8,807
Operating lease liabilities, non-current 2,900 267
Finance lease liabilities, non-current 5,561
Deferred revenue, non-current 1,931
Total non-current liabilities 10,392 267
Total liabilities 26,072 9,074
Commitments and contingencies (Note 13)
Stockholders’ equity (deficit):    
Preferred stock, $0.0001 par value, 5,000,000 shares authorized at June 30, 2026; 56,583 and 3,000 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively. 577,133 2,850
Common stock, $0.0001 par value, 500,000,000 shares authorized at June 30, 2026 and December 31, 2025; 2,060,185 and 1,228,272 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 10
Additional paid-in capital 180,280 160,058
Accumulated deficit (184,162) (166,392)
Total stockholders’ equity (deficit) 573,251 (3,474)
Total liabilities and stockholders’ equity $ 599,323 $ 5,600