v3.26.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 17,528 $ 45,766
Accounts receivable due from SPN - related party 12,500 360
Accounts receivable 183 157
Prepaid expenses and other current assets 4,212 3,093
Total current assets 34,423 49,376
Property and equipment, net 2,999 7,635
Operating lease assets 27,662 72,483
Restricted cash 773 8,668
Other non-current assets 31 31
Total assets 65,888 138,193
Current liabilities:    
Accounts payable 1,461 1,682
Accrued expenses and other current liabilities 3,504 3,972
Accrued liabilities due to SPN - related party 3,278 3,278
Operating lease liabilities 12,650 10,390
Total current liabilities 20,893 19,322
Operating lease liabilities, net of current portion 23,122 72,576
Other long-term liabilities 514 2,077
Total liabilities 44,529 93,975
Commitments and contingencies (Note 9)
Stockholders' equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized at September 30, 2026 and December 31, 2025; no shares issued and outstanding at September 30, 2026 and December 31, 2025 0 0
Common stock, $0.001 par value; 360,000,000 shares authorized at September 30, 2026 and December 31, 2025; 10,049,501 and 9,556,466 shares issued and outstanding at September 30, 2026 and December 31, 2025, respectively 10 10
Additional paid-in capital 1,025,370 1,016,611
Accumulated deficit (1,004,021) (972,403)
Total stockholders' equity 21,359 44,218
Total liabilities and stockholders' equity $ 65,888 $ 138,193