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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash $ 10,412 $ 1,172
Restricted cash and cash equivalents 50 20
Accounts receivable, net 5,781 67
Inventory 5,027 3,141
Prepaid expenses and other current assets 821 517
Total current assets 22,091 4,917
Property and equipment, net 318 196
Operating lease right-of-use assets, net 573 935
Other assets 39 39
Total assets 23,021 6,087
Current liabilities:    
Accounts payable 3,580 803
Accrued expenses and other current liabilities 3,825 3,599
Current maturities of long-term debt 9 4,986
Operating lease liabilities, current 454 406
Total current liabilities 7,868 9,794
Long-term debt 683 9
Related party notes payable 3,895 3,849
Operating lease liabilities 203 657
Warrant liability 103 22
Derivative liability 0 304
Earnout liability 2,210 440
Other liabilities 1,614 550
Total liabilities 16,576 15,625
Contingencies (Note 9)
Stockholders’ equity (deficit):    
Preferred stock, $0.0001 par value; 10,000 shares authorized; no shares issued and outstanding 0 0
Common stock, $0.0001 par value; 500,000 and 100,000 shares authorized as of December 31, 2025 and 2024, respectively; 11,902 and 8,931 shares issued and outstanding as of December 31, 2025 and 2024, respectively [1] 1 1
Additional paid-in capital [1] 59,468 22,402
Accumulated deficit (53,024) (31,941)
Total stockholders’ equity (deficit) 6,445 (9,538) [2]
Total liabilities and stockholders’ equity (deficit) $ 23,021 $ 6,087
[1] Amounts and share amounts as of December 31, 2024 differ from those published in prior consolidated financial statements as they were retrospectively adjusted as a result of the Reverse Stock Split (as described below in Note 1, The Company and Summary of Significant Accounting Policies). Specifically, the number of shares of common stock outstanding during periods before the Reverse Stock Split are divided by the exchange ratio of 3:1, such that each three shares of common stock were combined and reconstituted into one share of common stock effective October 23, 2025.
[2] Amounts and share amounts as of December 31, 2024 and prior to that date differ from those published in prior consolidated financial statements as they were retrospectively adjusted as a result of the Reverse Stock Split (as described below in Note 1, The Company and Summary of Significant Accounting Policies). Specifically, the number of common shares outstanding during the periods before the Reverse Stock Split are divided by the exchange ratio of 3:1, such that each three shares of common stock were combined and reconstituted into one share of common stock effective October 23, 2025.