Supplemental Condensed Consolidated Balance Sheet Information

3 Months Ended

Mar. 31, 2025

Supplemental Condensed Consolidated Balance Sheet Information [Abstract]

Supplemental Condensed Consolidated Balance Sheet Information

Note 3 — Supplemental Condensed Consolidated Balance Sheet Information

Accounts Receivable, Net

Accounts receivable, net, consisted of the following as of March 31, 2025 and December 31, 2024:

	March 31,		December 31,
(In thousands)	2025		2024
Accounts receivable, gross	$	381	$	30
Less allowance for credit losses		—		—
Accounts receivable, net	$	381	$	30

There is nil allowance for credit losses as of March 31, 2025 and December 31, 2024.

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following as of March 31, 2025 and December 31, 2024:

	March 31,		December 31,
(In thousands)	2025		2024
Prepaid expenses, other	$	746	$	142
Prepaid materials		451		—
Prepaid insurance		106		86
Other receivables		71		170
Total prepaid expenses and other current assets	$	1,374	$	398

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following as of March 31, 2025 and December 31, 2024:

	March 31,		December 31,
(In thousands)	2025		2024
Accrued consulting fees	$	1,633	$	383
Compensation related fees		926		1,112
Accrued professional fees		171		802
Accrued interest expense		411		161
Other current liabilities		180		—
Sales tax payable		4		4
Litigation reserve		298		1,628
Total accrued expenses and other current liabilities	$	3,623	$	4,090

During the three months ended March 31, 2025, the company paid $1.5 million into escrow related to Cultivation Sale Agreement. See related legal matters in Note 16.