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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Cash and cash equivalents $ 2,108 $ 12,645
Prepaid expenses and other current assets 524 346
Inventory, net 750 0
Current assets of discontinued operations 0 15
Total current assets 3,382 13,006
Property and equipment, net 12,343 12,641
Deferred offering costs 631 136
Licensed technology, net 2,243 2,243
Right-of-use assets, operating lease 9,835 0
Goodwill 3,457 3,457
Restricted cash 368 0
Other assets 214 124
TOTAL ASSETS 32,473 31,607
LIABILITIES, TEMPORARY EQUITY AND STOCKHOLDERS’ EQUITY    
Accounts payable 639 264
Accrued expenses 1,831 376
Operating lease liabilities, current 533 0
Current liabilities of discontinued operations 43 6
Total current liabilities 3,046 646
Convertible note payable, net 7,388 6,454
Derivative liability 212 292
Operating lease liabilities, non-current 9,488 0
Other non-current liabilities 454 48
Total liabilities 20,588 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 June 30, 2026 and December 31, 2025, respectively. 0 0
Common stock, $0.0001 par value, 200,000,000 shares authorized; 4,151,919 and 2,525,778 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively. 2 2
Additional paid in capital 70,750 69,392
Accumulated deficit (66,506) (52,597)
Total Stockholders’ equity 4,246 16,797
TOTAL LIABILITIES, TEMPORARY EQUITY AND STOCKHOLDERS' EQUITY 32,473 31,607
Series B Preferred Stock [Member]    
Temporary equity    
Temporary equity 1,421 1,379
Series C Preferred Stock [Member]    
Temporary equity    
Temporary equity $ 6,218 $ 5,991