v3.26.1
Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Dec. 31, 2024
Current assets:      
Cash $ 18,116 $ 27,967 $ 9,427
Accounts receivable 1,143 789 1,509
Contract assets 261 121 21
Prepaid expenses and other current assets 234 111 204
Total current assets 19,754 28,988 11,161
Property and equipment, net 5,190 4,084 2,754
Finance right-of-use assets 524 961 1,546
Operating right-of-use assets 1,433 1,436 151
Deferred offering costs 2,650 858
Other assets 288 190 225
Total assets 29,839 36,517 15,837
Current liabilities:      
Accounts payable 2,218 1,048 587
Accrued expenses and other current liabilities 2,086 1,602 541
Contract liabilities 349 579
Current portion of finance lease liabilities 139 223 504
Current portion of operating lease liabilities   24 129
Total current liabilities 4,792 2,873 2,340
Finance lease liabilities, net of current portion 225 489 678
Operating lease liabilities 1,752 1,579 24
Deferred tax liability 92 121
Total liabilities 6,769 5,033 3,163
Commitments and contingencies (Note 14)
Stockholders’ equity:      
Common stock, $0.0001 par value per share; 28,487,198 shares authorized as of June 30, 2026 and December 31, 2025; 10,761,714 and 10,670,829 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 1 1 1
Additional paid-in capital 88,669 87,273 56,382
Accumulated other comprehensive loss (329) (129) (247)
Accumulated deficit (65,271) (55,661) (43,462)
Total stockholders’ equity 23,070 31,484 12,674
Total liabilities and stockholders’ equity 29,839 36,517 15,837
Previously Reported      
Current liabilities:      
Total current liabilities   2,897  
Operating lease liabilities   1,555  
Series X Convertible Preferred Stock      
Stockholders’ equity:      
Preferred stock, value
Series A-2 Convertible Preferred Stock      
Stockholders’ equity:      
Preferred stock, value
Series SA-2 Convertible Preferred Stock      
Stockholders’ equity:      
Preferred stock, value
Series A-1 Convertible Preferred Stock      
Stockholders’ equity:      
Preferred stock, value
Series A Convertible Preferred Stock      
Stockholders’ equity:      
Preferred stock, value
Series Seed-2 Convertible Preferred Stock      
Stockholders’ equity:      
Preferred stock, value
Series Seed-1 Convertible Preferred Stock      
Stockholders’ equity:      
Preferred stock, value