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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Cash and cash equivalents $ 7,215 $ 12,645
Prepaid expenses and other current assets 687 346
Inventory, net 750 0
Current assets of discontinued operations 0 15
Total current assets 8,652 13,006
Property and equipment, net 12,644 12,641
Deferred offering costs 555 136
Licensed technology, net 2,243 2,243
Right-of-use assets, operating lease 10,086 0
Goodwill 3,457 3,457
Restricted cash 368 0
Other assets 210 124
TOTAL ASSETS 38,215 31,607
LIABILITIES, TEMPORARY EQUITY AND STOCKHOLDERS’ EQUITY    
Accounts payable 629 264
Accrued expenses 1,490 376
Operating lease liabilities, current 492 0
Current liabilities of discontinued operations 4 6
Total current liabilities 2,615 646
Convertible note payable, net 6,899 6,454
Derivative liability 259 292
Operating lease liabilities, non-current 9,643 0
Other non-current liabilities 251 48
Total liabilities 19,667 7,440
COMMITMENTS AND CONTINGENCIES (Note 10)
STOCKHOLDERS' EQUITY    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized; 403 issued and outstanding as of March 31, 2026 and December 31, 2025, respectively. 0 0
Common stock, $0.0001 par value, 200,000,000 shares authorized; 2,879,857 and 2,525,778 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively. 2 2
Additional paid in capital 70,094 69,392
Accumulated deficit (59,034) (52,597)
Total Stockholders’ equity 11,062 16,797
TOTAL LIABILITIES, TEMPORARY EQUITY AND STOCKHOLDERS' EQUITY 38,215 31,607
Series B Preferred Stock [Member]    
Temporary equity    
Temporary equity 1,420 1,379
Series C Preferred Stock [Member]    
Temporary equity    
Temporary equity $ 6,066 $ 5,991