v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash $ 3,788 $ 968
Restricted cash 2,802 6,864
Accounts receivable, net 8 1,521
Other receivable 190 177
Inventory, net 7,316 8,599
Prepaid expenses and other current assets 3,429 2,216
Total current assets 17,533 20,345
Property and equipment, net 417 463
Operating lease - right-of-use asset 1,011 1,000
Intangible assets, net 15,086 16,021
Other assets 147 494
Total assets 34,194 38,323
Current liabilities:    
Accounts payable 4,793 8,686
Accrued liabilities 4,712 4,166
Deferred revenue 170 170
Operating lease liability, current 219 192
Notes payable, net of discount (includes note designated at Fair Value Option amounting to $8.3 million as of June 30, 2026, and $26.2 million as of December 31, 2025, respectively) 13,833 27,440
Total current liabilities 25,380 40,654
Operating lease liability, net of current portion 873 892
Deferred revenue, net of current portion 298 382
Derivative liability 196  
Commitment share liability 800  
Notes payable, net of discount, net of current portion (includes notes designated at Fair Value Option amounting to $0 as of June 30, 2026, and $5.7 million as of December 31, 2025, respectively) 1,726 15,083
Total liabilities 29,273 57,011
Commitments and contingencies (See Note 5)
Stockholders' equity (deficit)    
Additional paid-in capital 411,605 380,974
Noncontrolling interest (1,694) (1,399)
Accumulated deficit (403,749) (399,916)
Accumulated other comprehensive loss (1,241) (833)
Total stockholders' equity (deficit) 4,921 (18,688)
Total liabilities and stockholders' equity (deficit) 34,194 38,323
Series O Convertible Preferred Stock    
Current liabilities:    
Series O convertible preferred stock: $0.0001 par value; 1,557,000 and 0 shares authorized at June 30, 2026 and December 31, 2025, respectively; 0 shares issued and outstanding at June 30, 2026 and December 31, 2025 1,653 0
Series L Perpetual Preferred Stock    
Stockholders' equity (deficit)    
Preferred stock value 2,485
Series M Perpetual Preferred Stock    
Stockholders' equity (deficit)    
Preferred stock value
Series N Perpetual Preferred Stock    
Stockholders' equity (deficit)    
Preferred stock value
Series P Perpetual Preferred Stock    
Stockholders' equity (deficit)    
Preferred stock value
Series Q Perpetual Preferred Stock    
Stockholders' equity (deficit)    
Preferred stock value
Common stock - voting    
Stockholders' equity (deficit)    
Common stock value 0 1
Common stock - non-voting    
Stockholders' equity (deficit)    
Common stock value $ 0 $ 0