v3.26.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 368 $ 6,175
Accounts receivable, net of allowance of $7,847 and $7,647 as of March 31, 2026 and December 31, 2025, respectively 4,781 4,653
Inventory 477 571
Prepaid expenses and other current assets 675 920
Total current assets 6,301 12,319
Property and equipment, net 54,568 55,797
Goodwill 7,347 7,347
Intangible assets, net 7,388 7,756
Right-of-use assets - operating 10,701 10,720
Restricted cash 10,109 10,197
Inventory, net of current portion 2,825 2,946
Other long-term assets 241 247
Total assets 99,480 107,329
Current liabilities:    
Accounts payable 25,100 26,422
Accrued expenses and other current liabilities 30,903 32,574
Short-term license obligation 3,170 2,113
Deferred revenue 4,025 5,255
Preferred stock redemption liability 300
Derivative liability 92 92
Total current liabilities 70,583 80,759
Deferred revenue, net of current portion 3,221 2,799
Noncurrent acquisition - related contingent consideration 1,413 1,413
Noncurrent lease liabilities - operating 26,975 26,898
Warrant liabilities 1,632 1,545
Long-term license obligation 30,642 31,699
Deferred income tax liabilities 12 12
Other liabilities 263 266
Total liabilities 134,741 145,391
Commitments and contingencies (Note 13)  
Stockholders’ equity (deficit)    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized; 1,732,084 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively
Common Stock, $0.0001 par value, 730,000,000 shares authorized; 29,179,751 and 28,837,787 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 3 3
Additional paid-in capital 955,345 953,418
Accumulated other comprehensive loss
Accumulated deficit (990,609) (991,483)
Total stockholders’ deficit (35,261) (38,062)
Total liabilities and stockholders’ deficit 99,480 107,329
Nonrelated Party [Member]    
Current liabilities:    
Short-term debt 2,687 9,563
Related Party [Member]    
Current liabilities:    
Short-term debt $ 4,606 $ 4,440