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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Cash flows from operating activities:              
Net loss $ (20,850) $ (13,216) $ (9,038) $ (9,038) $ (34,068) $ (18,075)  
Adjustments to reconcile net loss to net cash used in operating activities:              
Depreciation & amortization         1,292 28  
Accretion of discount on available-for-sale securities         (398) 0  
Stock-based compensation         8,277 7,735  
Amortization of debt discount         0 1,678  
Change in fair value of derivative liability         0 222  
Changes in operating assets and liabilities, net of effects of business acquired:              
Accounts receivable         (499) (90)  
Inventory         0 65  
Prepaid expenses         (650) (443)  
Other receivables         (283) (180)  
Accounts payable         (485) (663)  
Accrued liabilities         1,208 (121)  
Deferred revenue         (8) 53  
Operating lease liabilities, net         188 (29)  
Net cash used in operating activities         (25,426) (9,820)  
Cash flows from investing activities:              
Purchases of property and equipment         (9,498) (798)  
Purchases of short-term marketable securities         (66,308) 0  
Security deposits         (69) 0  
Acquisition, net of cash acquired         (5,634) 0  
Capitalized software         (425) 0  
Net cash used in investing activities         (81,934) (798)  
Cash flows from financing activities:              
Proceeds from issuance of common stock, net of offering costs         75,847 35,849  
Proceeds from issuance of common stock under the 2025 Equity Distribution Agreement, net of offering costs         13,521 0  
Proceeds from exercise of warrants         11,376 6  
Proceeds from exercise of options         224 9  
Proceeds from short-swing profit disgorgement         48 0  
Payments of deferred offering costs         (35) 0  
Repayment of financing lease liability         (186) (747)  
Proceeds from convertible notes payable, net of offering costs         0 4,845  
Repayments of notes payable, related party         0 (70)  
Repayments of note payable         0 (500)  
Net cash provided by financing activities         100,795 39,392  
Effect of exchange rate changes on cash and cash equivalents         (1) 0  
Net change in cash and cash equivalents         (6,565) 28,774  
Cash and cash equivalents at beginning of period   $ 123,266   $ 7 123,266 7 $ 7
Cash and cash equivalents at end of period $ 116,700   $ 28,781   116,700 28,781 $ 123,266
Supplemental disclosure of cash flow information:              
Cash paid for income taxes         0 0  
Cash paid for interest         93 50  
Supplemental disclosure of non-cash investing and financing activities:              
Purchases of property and equipment, accrued but not paid         64 0  
Conversion of convertible notes and derivative into common stock         $ 0 $ 6,804