v3.26.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash $ 14,570 $ 3,739
Accounts receivable, net 51 34
Other receivable 17 19
Inventories 1,510 1,546
Prepaid expenses and other current assets 1,114 941
Total current assets 17,262 6,279
Property and equipment, net 854 1,035
Prepaid expenses and other assets 260 358
Total assets 19,158 8,558
Current liabilities:    
Accounts payable 1,583 2,920
Accrued expenses 11,600 7,639
Forward purchase agreement warrant liability 24
Product warranty liability, current portion 252 287
Other current liabilities 650 518
Total current liabilities 14,270 11,562
Product warranty liability, net of current portion 1,496 1,605
Private warrant liability 3,467 5,835
Publicly traded warrant liability 446 551
Other liability 27 27
Total liabilities 20,298 20,325
Commitments and contingencies (see Note 14)
Mezzanine equity    
Warrants issued to placement agent as part of the 2025 Offerings (see Note 9) 391 391
Stockholders’ deficit    
Series A Preferred Stock, $0.0001 par value; 100,000,000 shares authorized and 10,000,000 shares designated as of September 30, 2026 and December 31, 2025; 4,126,667 shares issued and outstanding as of September 30, 2026 and December 31, 2025
Class A Common Stock, $0.0001 par value; 400,000,000 shares authorized as of September 30, 2026 and December 31, 2025; 7,744,488 shares issued and outstanding as of September 30, 2026 and 2,893,495 shares issued and outstanding as of December 31, 2025 8 3
Additional paid-in capital 330,193 301,355
Accumulated deficit (331,609) (313,396)
Accumulated other comprehensive loss (123) (120)
Total stockholders’ deficit (1,531) (12,158)
Total liabilities, mezzanine equity, and stockholders’ deficit 19,158 8,558
Related Party    
Current assets:    
Operating lease right-of-use asset (related party) 782 886
Current liabilities:    
Operating lease liability, current portion (related party) 185 174
Operating lease liability, net of current portion (related party) $ 592 $ 745

Source

10-Q XBRL Zip