v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 27,208 $ 32,363
Investment securities, available-for-sale 42,471
Restricted cash, current 482 497
Accounts receivable, net of allowances 915 47
Inventory 3,660 745
Other current assets 2,021 4,989
Total current assets 34,286 81,112
Property and equipment, net 15,787 4,280
Operating lease right-of-use assets 17,655 14,075
Restricted cash, net of current portion 1,184 1,204
Intangible assets, net 13,684 32
Goodwill 3,677
Other assets 2,334 2,416
Total assets 88,607 103,119
Current liabilities    
Accounts payable 5,876 1,628
Accrued liabilities 7,511 5,426
Deferred revenue 253
Derivative liability 7,050
Notes payable 24,559 19,212
Operating lease liabilities, current 5,119 3,481
Finance lease liabilities, current 13 14
Other current liabilities 43 388
Total current liabilities 50,424 30,149
Warrant liability 380 1,875
Operating lease liabilities, net of current portion 15,743 14,034
Finance lease liabilities, net of current portion 17 27
Other long-term liabilities 1,424 1,486
Total liabilities 67,988 47,571
Commitments and contingencies (Note 12)  
Shareholders’ equity (Note 2)    
Preferred stock, par value $0.001; 25,000 shares authorized; zero and zero shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively
Common stock, par value $0.001; 150,000 shares authorized; 23,350 and 20,434 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 23 20
Additional paid-in capital 1,039,358 1,012,121
Accumulated other comprehensive income 737 669
Accumulated deficit (1,019,499) (957,262)
Total shareholders’ equity 20,619 55,548
Total liabilities and shareholders’ equity $ 88,607 $ 103,119

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