Consolidated Balance Sheets - USD ($)	Dec. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 198,693,000	$ 100,019,000
Restricted cash	5,090,000	5,000,000
Marketable securities	784,866,000	826,232,000
Trade receivables, net	134,476,000	53,822,000
Inventory	74,841,000	34,068,000
Prepaid expenses and other current assets	47,804,000	13,786,000
Total current assets	1,245,770,000	1,032,927,000
Property and equipment, net	1,499,000	2,190,000
Intangible assets, net	7,381,000	4,729,000
Right-of-use asset	4,939,000	2,401,000
Total assets	1,259,589,000	1,042,247,000
Current liabilities:
Accounts payable	48,878,000	43,599,000
Accrued liabilities	260,392,000	124,695,000
Lease liabilities	1,018,000	983,000
Total current liabilities	310,288,000	169,277,000
Long term liabilities:
Loan payable, net of discount	339,881,000	117,569,000
Lease liabilities	6,731,000	1,018,000
Total long term liabilities	346,612,000	118,587,000
Total liabilities	656,900,000	287,864,000
Stockholders’ equity:
Preferred stock, par value $0.0001 per share authorized: 5,000,000 shares at December 31, 2025 and December 31, 2024; 2,369,797 shares issued and outstanding at December 31, 2025 and December 31, 2024	0	0
Common stock, par value $0.0001 per share authorized: 200,000,000 at December 31, 2025 and December 31, 2024; 22,842,073 and 22,004,679 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively	2,000	2,000
Additional paid-in-capital	2,692,280,000	2,556,095,000
Accumulated other comprehensive income	873,000	468,000
Accumulated deficit	(2,090,466,000)	(1,802,182,000)
Total stockholders’ equity	602,689,000	754,383,000
Total liabilities and stockholders’ equity	$ 1,259,589,000	$ 1,042,247,000
Preferred stock, outstanding (in shares)	2,369,797	2,369,797
Preferred stock, issued (in shares)	2,369,797	2,369,797