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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows Used in Operating Activities    
Net Loss $ (37,448) $ (33,730)
Adjustment to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 110 68
Amortization of intangible assets 458 152
Amortization of right-of-use asset 390 76
Non-cash interest (income) expense, net (206) 145
Stock-based compensation 8,619 1,177
Impairment of goodwill 0 4,049
Impairment of intangible assets 0 631
Loss on extinguishment of debt 0 421
Warrant issuance expense 0 5,795
Change in fair value of warrant liability 13,034 5,431
Loss on sale of Inpixon Business 831 0
Other income (250) 0
Other 257 (291)
Changes in operating assets and liabilities:    
Accounts receivable and other receivables 203 401
Inventories (3,673) (4)
Prepaid expenses and other current assets (1,582) (264)
Other assets (19) 362
Accounts payable (2,648) (1,814)
Related party payables 0 (51)
Accrued expenses and other current liabilities 2,256 (4,838)
Customer deposits (980) 376
Operating lease obligation (360) (75)
Net Cash Used in Operating Activities (21,008) (21,983)
Cash Flows Used in Investing Activities    
Purchase of property and equipment (170) (103)
Net cash paid on disposal of the Inpixon Business (694) 0
Net Cash Used in Investing Activities (864) (103)
Cash Provided by Financing Activities    
Proceeds from the exercise of liability classified warrants 7,927 3,771
Payment of offering costs and commissions in connection with exercise of liability classified warrants (488) 0
Net proceeds from sale of common stock and pre-funded warrants via public offerings 0 36,396
Net proceeds from ATM stock offering 0 1,667
Redemption of Series 9 preferred stock 0 (1,427)
Borrowings on Asset-Based Revolving Line of Credit (Drone Nerds) 45,008 0
Repayment of borrowings on Asset-Based Revolving Line of Credit (Drone Nerds) (36,248) 0
Payment of debt issuance costs (565) 0
Repayments of promissory notes-related party (3,500) (2,719)
Net Cash Provided by Financing Activities 12,134 37,688
Effect of Foreign Exchange Rate on Changes on Cash 33 339
Net (Decrease) Increase in Cash and Cash Equivalents (9,705) 15,941
Cash and Cash Equivalents - Beginning of period 16,919 4,105
Cash and Cash Equivalents - End of period 7,214 20,046
Supplemental Disclosure of cash flow information:    
Cash paid for interest 487 282
Cash paid for income taxes 0 9
Non-cash investing and financing activities    
Common shares issued for conversion of debt and accrued interest 0 750
Warrant liabilities exchanged for common stock 3,299 0
Conversion of Series 10 Preferred Stock to pre-funded warrants $ 24,186 $ 0