v3.26.1
Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets    
Cash and cash equivalents $ 38 $ 7,451
Restricted cash 0 4,000
Inventory, net 5,970 7,303
Prepaid expenses and other current assets 970 1,215
Total current assets 7,592 20,726
Property and equipment, net 162 183
Finance lease right-of-use assets, net 130 152
Operating lease right-of-use assets, net 203 363
Intangible assets, net 465 509
Goodwill 615 615
Total assets 9,167 22,548
Current liabilities:    
Accounts payable 3,323 2,079
Current portion of finance lease liability 76 77
Current portion of operating lease liability 235 386
Senior secured note 567 5,448
Accrued interest 14 6
Other accrued liabilities 1,457 1,857
Total current liabilities 7,451 18,695
Finance lease liability, net of current portion 0 30
Operating lease liability, net of current portion 0 34
Total liabilities 7,451 18,759
Commitments and contingencies (Note 7)
Temporary equity:    
Preferred stock, $0.0001 par value; 30,000,000 shares authorized; 0 Series A-1 issued and outstanding as of June 30, 2026 and December 31, 2025; liquidation value $0 as of June 30, 2026 and December 31, 2025 0 0
Stockholders’ equity:    
Common stock, $0.0001 par value; 300,000,000 shares authorized; 2,055,277 and 1,474,024 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 0 0
Additional paid-in capital 91,566 80,404
Accumulated other comprehensive income 269 228
Accumulated deficit (90,119) (76,843)
Stockholders’ equity 1,716 3,789
Total liabilities, temporary equity, and stockholders’ equity 9,167 22,548
Warrant Liability [Member]    
Current liabilities:    
Warrant liability 1,079 7,842
Nonrelated Party [Member]    
Assets    
Accounts receivable 614 623
Related Party [Member]    
Assets    
Accounts receivable 0 134
Current liabilities:    
Loans from related parties $ 700 $ 1,000