v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 6,175 $ 738
Accounts receivable, net of allowance of $7,647 and $6,294 as of December 31, 2025 and 2024, respectively 4,653 13,557
Inventory 571 5,409
Prepaid expenses and other current assets 920 857
Total current assets 12,319 20,561
Property and equipment, net 55,797 61,600
Goodwill 7,347 7,347
Intangible assets, net 7,756 9,248
Right-of-use assets - operating 10,720 10,830
Restricted cash 10,197 10,239
Inventory, net of current portion 2,946 12,587
Other long-term assets 247 270
Total assets 107,329 132,682
Current liabilities:    
Accounts payable 26,422 23,296
Accrued expenses and other current liabilities 32,574 20,492
Short-term license obligation 2,113
Deferred revenue 5,255 3,531
Preferred stock redemption liability 300
Derivative liability 92
Total current liabilities 80,759 53,680
Deferred revenue, net of current portion 2,799 2,724
Noncurrent acquisition - related contingent consideration 1,413 1,413
Noncurrent lease liabilities - operating 26,898 26,548
Warrant liabilities 1,545 3,264
Long-term license obligation 31,699
Deferred income tax liabilities 12 9
Other liabilities 266 280
Total liabilities 145,391 123,845
Commitments and contingencies (Note 15)
Stockholders’ (deficit) equity    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized; 1,732,084 and 0 shares issued and outstanding as of December 31, 2025 and 2024, respectively
Common Stock, $0.0001 par value, 730,000,000 shares authorized; 28,837,787 and 22,546,671 shares issued and outstanding as of December 31, 2025 and 2024, respectively 3 2
Additional paid-in capital 953,418 908,523
Accumulated other comprehensive loss (5)
Accumulated deficit (991,483) (899,683)
Total stockholders’(deficit) equity (38,062) 8,837
Total liabilities and stockholders’(deficit) equity 107,329 132,682
Nonrelated Party [Member]    
Current liabilities:    
Short-term debt 9,563 2,485
Related Party [Member]    
Current liabilities:    
Short-term debt 4,440 3,876
Noncurrent debt - related parties $ 35,927