v3.26.1
Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2026
Summary of Significant Accounting Policies [Abstract]  
Schedule of Presents Information About Reported Segments

The table below presents information about reported segments for the three and six months ended June 30, 2026 and 2025 (except for asset information for 2025 that is presented as of December 31):

 

   Three Months Ended June 30, 2026 
   AI Platform
and 
services
   Connected
devices
and services
   Total 
Revenue  $3,801   $
   $3,801 
Less:               
Cost of revenue - AI Platform and services (exclusive of depreciation and amortization)(1)   2,108    
    2,108 
Cost of revenue - Connected devices and services (exclusive of depreciation and amortization)(2)   
    10    10 
Depreciation and amortization   2,588    88    2,676 
Technology and infrastructure(3)   1,103    263    1,366 
Sales and marketing(4)   678    62    740 
General and administrative(5)   11,222    895    12,117 
Loss from operations  $(13,898)  $(1,318)  $(15,216)
Gain on disposal of assets   
    2,501    2,501 
Other income (expense), net   
    (30)   (30)
Loss before provision for income taxes  $(13,898)  $1,153   $(12,745)
Income tax expense   (20)   
    (20)
Net income (loss)  $(13,918)  $1,153   $(12,765)
Amounts include stock-based compensation expense, as follows:               
(1)Cost of revenue - AI Platform and services (exclusive of depreciation and amortization)  $702   $
   $702 
(2)Cost of revenue - Connected devices and services (exclusive of depreciation and amortization)   
    
    
 
(3)Technology and infrastructure   783    
    783 
(4)Sales and marketing   302    
    302 
(5)General and administrative   7,259    342    7,601 
   Three Months Ended June 30, 2025 
   AI Platform
and
services
   Connected
devices
and services
   Total 
Revenue  $
   $103   $103 
Less:               
Cost of revenue - AI Platform and services (exclusive of depreciation and amortization)(1)   
    
    
 
Cost of revenue - Connected devices and services (exclusive of depreciation and amortization)(2)   
    362    362 
Depreciation and amortization   
    
    
 
Technology and infrastructure(3)   
    1,401    1,401 
Sales and marketing(4)   
    
    
 
General and administrative(5)   
    1,600    1,600 
Loss from operations  $
   $(3,260)  $(3,260)
Other income (expense), net   
    35    35 
Loss before provision for income taxes  $
   $(3,225)  $(3,225)
Income tax benefit   
    
    
 
Net loss  $
   $(3,225)  $(3,225)
Amounts include stock-based compensation expense, as follows:               
(1)Cost of revenue - AI Platform and services (exclusive of depreciation and amortization)  $
   $
   $
 
(2)Cost of revenue - Connected devices and services (exclusive of depreciation and amortization)   
    
    
 
(3)Technology and infrastructure   
    286    286 
(4)Sales and marketing   
    
    
 
(5)General and administrative   
    494    494 
   Six Months Ended June 30, 2026 
   AI Platform and
services
   Connected devices
and services
   Total 
Revenue  $4,277   $35   $4,312 
Less:               
Cost of revenue - AI Platform and services (exclusive of depreciation and amortization)(1)   2,356    
    2,356 
Cost of revenue - Connected devices and services (exclusive of depreciation and amortization)(2)   
    275    275 
Depreciation and amortization   2,884    119    3,003 
Technology and infrastructure(3)   1,272    916    2,188 
Sales and marketing(4)   777    264    1,041 
General and administrative(5)   12,523    2,989    15,512 
Loss from operations  $(15,535)  $(4,528)  $(20,063)
Gain on disposal of assets   
    2,501    2,501 
Other income (expense), net   13    (201)   (188)
Loss before provision for income taxes  $(15,522)  $(2,228)  $(17,750)
Income tax expense   (20)   
    (20)
Net loss  $(15,542)  $(2,228)  $(17,770)
Amounts include stock-based compensation expense, as follows:               
(1)Cost of revenue - AI Platform and services (exclusive of depreciation and amortization)  $795   $
   $795 
(2)Cost of revenue - Connected devices and services (exclusive of depreciation and amortization)   
    1    1 
(3)Technology and infrastructure   926    337    1,263 
(4)Sales and marketing   342    
    342 
(5)General and administrative   8,215    950    9,165 
   Six Months Ended June 30, 2025 
   AI Platform
and 
services
   Connected
devices
and services
   Total 
Revenue  $
          —
   $309   $309 
Less:               
Cost of revenue - AI Platform and services (exclusive of depreciation and amortization)(1)   
    
      —
    
 
Cost of revenue - Connected devices and services (exclusive of depreciation and amortization)(2)   
    1,004    1,004 
Depreciation and amortization   
    
    
 
Technology and infrastructure(3)   
    3,784    3,784 
Sales and marketing(4)   
    
    
 
General and administrative(5)   
    4,019    4,019 
Loss from operations  $
   $(8,498)  $(8,498)
Other income (expense), net   
    95    95 
Loss before provision for income taxes  $
   $(8,403)  $(8,403)
Income tax benefit   
    
    
 
Net loss  $
   $(8,403)  $(8,403)
Amounts include stock-based compensation expense, as follows:               
(1)Cost of revenue - AI Platform and services (exclusive of depreciation and amortization)  $
   $
   $
 
(2)Cost of revenue - Connected devices and services (exclusive of depreciation and amortization)   
    1    1 
(3)Technology and infrastructure   
    381    381 
(4)Sales and marketing   
    
    
 
(5)General and administrative   
    697    697 

 

   As of June 30, 2026 
   AI Platform
and 
services
   Connected
devices
and services
   Total 
Property and equipment, net  $31,373   $
        —
   $31,373 
Total assets  $597,377   $1,946   $599,323 

 

   Six Months Ended June 30, 2026 
   AI Platform
and
services
   Connected
devices
and services
   Total 
Capital expenditures  $6,890   $
       —
   $6,890 

 

   As of December 31, 2025 
   AI Platform
and
services
   Connected devices
and services
   Total 
Property and equipment, net  $
        —
   $101   $101 
Total assets  $
   $5,600   $5,600 
Schedule of Depreciation Expense is Recorded Using the Straight-Line Method

Depreciation expense is recorded using the straight-line method over the estimated useful lives of the assets as follows:

 

Technology equipment  Shorter of lease term or 5 years
Computers and office equipment  3-5 years
Internal use software  3 years