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Equity Incentive Plan (Tables)
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions The assumptions used in the Black-Scholes model were as follows:
Three Months
Ended June 30,
Six Months
Ended June 30,
2026202520262025
Expected volatility148.0%148.0%
Expected term (in years)3.53.5
Risk-free interest rate4.0%4.0%
Dividend yield
Share-based Payment Arrangement, Option, Activity
The following table summarizes option activity:
Shares
Subject to Options
Weighted-
Average
Exercise
Price
Weighted-
Average
Remaining
Contractual
Term (years)
Aggregate
Intrinsic
Value
(in thousands)
Options outstanding — January 1, 202656,586 $36.18 
Exercised— $— 
Forfeited(8,035)$126.00 
Options outstanding — June 30, 202648,551 $21.31 0.4$— 
Vested and expected to vest — June 30, 202648,551 $21.31 0.4$— 
Exercisable — June 30, 202648,551 $21.31 0.4$— 
Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity
The following table summarizes RSU activity:
Number of
Shares
Weighted Average
Grant Date Fair Value
Outstanding — January 1, 2026179,165 $6.23 
Granted1,860,295 $2.77 
Vested and released(482,626)$2.31 
Forfeited— $— 
Outstanding — June 30, 20261,556,834 $3.31 
Vested and unreleased — June 30, 20267,813 $8.66 
Share-Based Payment Arrangement, Performance Shares, Outstanding Activity
The following table summarizes RSU with performance condition activity:
Number of
Shares
Weighted Average
Grant Date Fair Value
Outstanding — January 1, 202637,036 $6.25 
Vested(37,036)$6.25 
Outstanding — June 30, 2026— $— 
Share-based Payment Arrangement, Expensed and Capitalized, Amount
The following compensation expense related to share-based compensation awards was recorded (in thousands):
Three Months
Ended June 30,
Six Months
Ended June 30,
2026202520262025
Total share-based compensation expense - general and
     administrative
$897 $318 $1,222 $389 
Share-based Payment Arrangement, Nonvested Award, Cost
Total unrecognized estimated compensation cost by type of award and the weighted-average remaining requisite service period over which such expense is expected to be recognized (in thousands, unless otherwise noted):
June 30, 2026
Unrecognized ExpenseRemaining Weighted-Average Recognition Period (years)
RSUs$4,776 1.7