v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 24,632 $ 18,571
Short-term investments 59,625 0
Prepaid expenses and other current assets 7,170 5,769
Total current assets 91,427 24,340
Property and equipment, net 12,711 14,392
Restricted cash 321 316
Other assets 3,602 4,468
Total assets 108,061 43,516
Current liabilities    
Accounts payable 5,074 6,202
Accrued expenses and other current liabilities 12,683 14,733
Operating lease obligations 846 858
Convertible notes 83,117 0
Derivative liability 17,146 0
Current portion of long term debt 35 1,250
Total current liabilities 118,901 23,043
Non-current liabilities    
Operating lease obligations, less current portion 2,821 3,494
Long term debt, net 1,743 27,542
Other non-current liabilities 2,277 1,603
Total non-current liabilities 6,841 32,639
Total liabilities 125,742 55,682
Commitments and contingencies (Note 15)
Stockholders' equity (deficit)    
Preferred stock; $0.01 par value; 10,000,000 shares authorized at September 30, 2026 and December 31, 2025; zero shares issued and outstanding at September 30, 2026 and December 31, 2025, respectively. 0 0
Common stock; $0.01 par value; 390,000,000 shares authorized, 339,428,103 and 312,501,472 shares issued, and 339,306,603 and 312,379,972 shares outstanding at September 30, 2026 and December 31, 2025, respectively 3,392 3,125
Treasury stock, at cost, 121,500 shares at September 30, 2026 and December 31, 2025 (48) (48)
Additional paid-in capital 434,548 392,763
Accumulated other comprehensive income 146 61
Accumulated deficit (455,719) (408,067)
Total stockholders' equity (deficit) (17,681) (12,166)
Total liabilities and stockholders' equity (deficit) $ 108,061 $ 43,516