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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 22,687 $ 8,525
Accounts receivable, net 5,000 5,087
Inventory, net 3,276 4,048
Prepaid expenses 2,365 3,009
Total current assets 33,328 20,669
Property and equipment, net 1,826 1,669
Right-of-use assets 890 1,210
Other assets 419 423
Total assets 36,463 23,971
Current liabilities    
Trade payables 3,784 2,274
Accrued liabilities 6,773 7,355
Short-term lease liabilities 129 216
Other current liabilities 224 383
Total current liabilities 10,910 10,228
Long-term debt 32,764 22,084
Revenue base redemption liability 502 507
Long-term lease liabilities 1,231 1,329
Contingent earnout liability 4,997 7,401
Warrant and SEPA liabilities 12,784 8,316
Total liabilities 63,188 49,865
Commitments and contingencies
Stockholders’ deficit    
Preferred Stock, $0.0001 par value, 10,000,000 shares authorized at September 30, 2025 and December 31, 2024, respectively; issued and outstanding, 0 and 3,985,002 shares at September 30, 2025, and December 31, 2024, respectively. 0 0
Common stock, $0.0001 par value, 400,000,000 shares authorized at September 30, 2025 and December 31, 2024, respectively; issued and outstanding, 49,891,299 and 31,279,264 shares at September 30, 2025, and December 31, 2024, respectively. 4 3
Additional paid-in capital 294,241 253,652
Accumulated deficit (320,970) (279,549)
Total stockholders’ deficit (26,725) (25,894)
Total liabilities and stockholders’ deficit $ 36,463 $ 23,971