v3.26.1
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash $ 658 $ 1,114
Restricted cash, current 3,250 0
Accounts receivable, net 979 1,906
Inventory, net 1,182 1,861
Prepaid expenses and other current assets 691 912
Total current assets 6,760 5,793
Restricted cash, noncurrent 6,750 0
Property, equipment and leasehold improvements, net 10,143 10,107
Operating lease right-of-use assets 3,680 4,289
Finance lease right-of-use assets 48 70
Intangible assets, net 291 302
Other assets 35 35
TOTAL ASSETS 27,707 20,596
Current liabilities:    
Accounts payable and other accrued expenses 7,251 5,297
Current maturities of operating lease liabilities 233 225
Current maturities of finance lease liabilities 48 46
Short-term debt, net of discounts 1,610 1,441
Derivative liability 165 79
Total current liabilities 9,307 7,088
Long-term liabilities:    
Long-term debt, net of discounts 12,175 215
Long-term operating lease liabilities 648 767
Long-term finance lease liabilities 4 29
Total long-term liabilities 12,827 1,011
Total liabilities 22,134 8,099
STOCKHOLDERS' EQUITY (DEFICIT):    
Common stock ($0.0001 par value, 100,000,000 shares authorized, 525,638 and 13,187 shares outstanding as of June 30, 2026 and December 31, 2025, respectively (1)) 0 0
Preferred stock ($1,000 par value, 10,000,000 shares authorized; 6,593 and 15,784 shares outstanding as of June 30, 2026 and December 31, 2025, respectively) 6,593 15,784
Additional paid-in capital 64,411 55,034
Obligation to issue shares 140 322
Accumulated deficit (65,571) (58,643)
Total stockholders' equity (deficit) 5,573 12,497
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) $ 27,707 $ 20,596