v3.26.3
Debt (Tables)
9 Months Ended
Sep. 30, 2026
Debt [Abstract]  
Schedule of Debt Instruments and their Changes

The following tables set forth a summary of the debt instruments and their changes during the three and nine months ended September 30, 2026 and 2025 (in thousands):

 

    Convertible
Loans
Payable
    Tasly
Convertible
Note -
Related
Party
    Convertible
Promissory
Note -
Related
Party
    Convertible
Senior
Notes
    Promissory
Notes
    PPP Loan     D&O
Insurance
Financing
 
Balance at January 1, 2026   $ 7,877     $ 2,290     $ 1,870     $ 42     $ 1,049     $ 1,390     $ 297  
Debt repayments     (195 )     —       —       —       (24 )     —       (222 )
Change in fair value     555       242       —       —       —       —       —  
Conversion of debt to equity     (1,260 )     —       —       —       —       —       —  
Debt forgiven     —       —       —       —       —       (1,392 )        
Accrued stated interest     —       —       —       1       15       2       —  
Balance at March 31, 2026; Current debt   $ 6,977     $ 2,532     $ 1,870     $ 43     $ 1,040     $ —     $ 75  
Issuance of debt     1,500       —       —       —       —       —       —  
Debt repayments     (765 )     —       —       —       —       —       (75 )
Change in fair value     3,910       97       244       —       —       —       —  
Conversion of debt to equity     (3,460 )     —       —       —       —       —       —  
Debt forgiven     —       —       —       —       —       —       —  
Accrued stated interest     —       —       —       2       14       —       —  
Balance at June 30, 2026; Current debt   $ 8,162     $ 2,629     $ 2,114     $ 45     $ 1,054     $ —     $ —  
Issuance of debt     1,300       —       —       —       —       —       —  
Debt repayments     —       —       —       —       —       —       —  
Change in fair value     (6,038 )     98       (1,411 )     —       —       —       —  
Debt extinguishment     6,407       —       1,479       (27 )     (413 )     —       —  
Conversion of debt to equity     (7,204 )     —       (1,166 )     (18 )     (254 )     —       —  
Accrued stated interest     —       —       —       —       12       —       —  
Balance at September 30, 2026; Current debt   $ 2,627     $ 2,727     $ 1,016     $ —     $ 399     $ —     $ —  
Accounting basis      Fair value option        Fair value option        Fair value option        Effective interest method        Simple interest method        Compounding Interest       Simple interest method  
Interest rate     7% - 12%       24 %     —        0%-12%        0%-12%       1 %     7 %
Conversion price(s) per share, as affected by the Reverse Stock Splits      various     $ 14,400.00       Higher of $4.28 or prior-day closing price        $3,750.00, $16,650.00, and $30,000.00       —       —       —  
Maturity     various       3/31/2024       12/31/2026       7/11/2025       various       —       7/10/2026  
    Junior
Convertible
Notes
    Convertible
Loans
Payable
(As Revised)
    Tasly
Convertible
Note -
Related
Party
    Convertible
Promissory
Note -
Related
Party
    Convertible
Senior
Notes
    Promissory
Notes
    PPP Loan  
Balance at January 1, 2025   $ 18,419     $ —     $ 2,234     $ —     $ 25,268     $ 910     $ 1,376  
Issuance of debt     —       —       —       —       750       —       —  
Change in fair value     —       —       156       —       —       —       —  
Stated interest     545       —       —       —       572       15       3  
Amortization of debt discount and issuance costs     1       —       —       —       (1 )     —       —  
Balance at March 31, 2025   $ 18,965     $ —     $ 2,390     $ —     $ 26,589     $ 925     $ 1,379  
Issuance of debt     —       —       —       —       700       —       —  
Change in fair value     —       —       (38 )     —       —       —       —  
Stated interest     553       —       191       —       604       15       4  
Amortization of debt discount and issuance costs     15       —       —       —       2       —       —  
Balance at June 30, 2025   $ 19,533     $ —     $ 2,543     $ —     $ 27,895     $ 940     $ 1,383  
Issuance of debt     —       11,000       —       —       (100 )     100       —  
Debt repayments     —       (610 )     —       —       (443 )     —       —  
Change in fair value     —       3,969       (145 )     (242 )     —       —       —  
Conversion of debt to equity     (19,612 )     —       —       —       (27,279 )     —       —  
Stated interest     79       —       (191 )     —       81       5       3  
Debt assumed in connection with reverse recapitalization     —       —       —       2,162       —       —       —  
Balance at September 30, 2025   $ —     $ 14,359     $ 2,207     $ 1,920     $ 154     $ 1,045     $ 1,386