v3.26.1
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
REVENUE:        
Total revenue $ 3,801 $ 103 $ 4,312 $ 309
OPERATING EXPENSES:        
Depreciation and amortization 2,676 3,003
Technology and infrastructure 1,366 1,401 2,188 3,784
Sales and marketing 740 1,041
General and administrative 12,117 1,600 15,512 4,019
Total operating expenses 19,017 3,363 24,375 8,807
Loss from operations (15,216) (3,260) (20,063) (8,498)
Other (expense) income, net:        
Interest expense (related party) (31) (208)
Interest expense (135) (148)
Other income, net 136 35 168 95
Gain on disposal of assets 2,501 2,501
Other (expense) income, net 2,471 35 2,313 95
Loss before income tax expense (12,745) (3,225) (17,750) (8,403)
Income tax expense (20) (20)
Net loss (12,765) (3,225) (17,770) (8,403)
Cumulative dividends on Series A preferred stock (59) (155)
Net loss attributable to common stockholders $ (12,824) $ (3,225) $ (17,925) $ (8,403)
Net loss per share, basic (in Dollars per share) $ (5.12) $ (3.05) $ (8.59) $ (8.29)
Net loss per share, diluted (in Dollars per share) $ (5.12) $ (3.05) $ (8.59) $ (8.29)
Weighted average shares used in computing net loss per share, basic (in Shares) 2,506,295 1,058,412 2,087,639 1,013,122
Weighted average shares used in computing net loss per share, diluted (in Shares) 2,506,295 1,058,412 2,087,639 1,013,122
Cost of revenue - AI Platform and services (exclusive of depreciation and amortization)        
REVENUE:        
Total revenue $ 3,801 $ 4,277
OPERATING EXPENSES:        
Cost of revenue 2,108 2,356
Cost of revenue - Connected devices and services (exclusive of depreciation and amortization)        
REVENUE:        
Total revenue 103 35 309
OPERATING EXPENSES:        
Cost of revenue 10 362 275 1,004
Cost of revenue - AI Platform and services (exclusive of depreciation and amortization)        
Other (expense) income, net:        
Stock-based compensation expense 702 795
Cost of revenue - Connected devices and services (exclusive of depreciation and amortization)        
Other (expense) income, net:        
Stock-based compensation expense 1 1
Technology and infrastructure        
Other (expense) income, net:        
Stock-based compensation expense 783 286 1,263 381
Sales and marketing        
Other (expense) income, net:        
Stock-based compensation expense 302 342
General and administrative        
Other (expense) income, net:        
Stock-based compensation expense $ 7,601 $ 494 $ 9,165 $ 697