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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash $ 25,238 $ 22,358
Accounts receivable 61 45
Inventory 484 341
Prepaid expenses, deposits, and other current assets 1,754 2,404
Total current assets 27,537 25,148
Fixed assets, net 1,040 1,062
Operating lease right-of-use assets 2,454 2,637
Intangible assets, net 631 736
Other assets 1,133 1,132
Total assets 32,795 30,715
Current liabilities:    
Accounts payable 829 1,241
Accrued expenses and other current liabilities 2,073 2,829
Operating lease liabilities, current portion 867 854
Senior Secured Convertible Notes - at fair value 32,800 18,600
Total current liabilities 36,569 23,524
Operating lease liabilities, less current portion 1,603 1,800
Total liabilities 38,172 25,324
Commitments and contingencies (Note 8)
Stockholders’ Equity (Deficit):    
Preferred stock, $0.001 par value, 20,000,000 shares authorized; Series B and Series B-1 Convertible Preferred Stock, issued and outstanding 54,419 at March 31, 2025 and December 31, 2024 54,419 54,419
Common stock, $0.001 par value, 300,000,000 shares authorized as of March 31, 2025 and December 31, 2024, respectively; 84,374,455 and 63,071,950 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 84 63
Additional paid-in capital 179,904 154,675
Accumulated deficit (239,784) (203,766)
Total Stockholders’ Equity (Deficit) (5,377) 5,391
Total Liabilities and Stockholders’ Equity (Deficit) $ 32,795 $ 30,715