v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net loss $ (6,270) $ (11,934)
Adjustments to reconcile net loss to net cash used in operating activities:    
Change in fair value of Series P Preferred Stock liability (207)  
Change in fair value of convertible debt 3,634 (525)
Non-cash amortization of debt discount 128 58
Provision for excess and obsolete inventory   180
Stock-based compensation expense 3,143 2,828
Depreciation 6 3
Bad debt expense 47  
Gain on extinguishment of convertible debt (4,052)  
Loss on extinguishment of debt   31
Gain from settlement of vendor claims (1,198)  
Changes in operating assets and liabilities:    
Accounts receivable (1,218) (1,498)
Inventory 408 462
Prepaid expenses and other assets (213) (1,243)
Accounts payable (147) (408)
Accrued expenses (138) 10
Deferred revenue 859 53
Accrued interest 237 416
Net cash used in operating activities (4,981) (11,567)
Cash flows from investing activities:    
Capital expenditures (5) (15)
Net cash used in investing activities (5) (15)
Cash flows from financing activities:    
Proceeds from issuance of Preferred Stock Series P 3,000  
Proceeds from convertible debt 4,000 13,000
Repayments of convertible debt (1,808)  
Proceeds from other debt issuances 1,345 2,000
Fees paid for debt issuance (12) (30)
Repayment of other debt issuances (1,737) (6,780)
Proceeds from issuance of common stock from equity line-of-credit 147  
Proceeds from exercise of common stock options   85
Net cash provided by financing activities 4,935 8,275
Effects of exchange rate changes on cash and cash equivalents (114) (167)
Net decrease in cash, cash equivalents and restricted cash (165) (3,474)
Cash, cash equivalents and restricted cash, beginning of period 1,021 4,864
Cash, cash equivalents and restricted cash, end of period 856 1,390
Supplemental disclosure of cash flow information:    
Cash paid for interest 579 279
Cash paid for income taxes   17
Non-cash investing and financing activities:    
Leased assets obtained in exchange for new operating lease liabilities 361  
Conversion of convertible debt principal and interest payments into common stock 7,726 $ 1,532
Issuance of common stock for debt restructuring $ 4,469