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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS    
Cash and cash equivalents $ 6,463 $ 16,420
Total current assets 13,007 23,274
Restricted cash 1,426 3,528
Property and equipment, net 11,433 12,886
Operating lease right-of-use assets 7,239 11,516
Other non-current assets 0 19
TOTAL ASSETS 33,105 51,223
CURRENT LIABILITIES    
Accounts payable 2,248 2,943
Accrued expenses and other current liabilities 4,082 5,354
Convertible notes - related party 3,993 0
Operating lease liabilities, current 3,492 5,330
GeneFab sublease deferred income - related party 1,939 304
Deferred revenue - related party 11 43
Total current liabilities 15,765 13,974
Operating lease liabilities, non-current 12,741 23,561
Other non-current liabilities 8,000 8,099
TOTAL LIABILITIES 36,506 45,634
Commitments and contingencies (Note 14)
STOCKHOLDERS’ EQUITY (DEFICIT)    
Common stock, $0.0001 par value; 500,000,000 shares authorized as of both June 30, 2026 and December 31, 2025; 31,144,754 and 30,879,355 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 3 3
Additional paid-in capital 372,139 364,158
Accumulated deficit (375,543) (358,572)
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT) (3,401) 5,589
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) 33,105 51,223
Nonrelated Party    
CURRENT ASSETS    
Accounts receivable 0 323
Prepaid expenses and other current assets 1,055 1,655
Related Party    
CURRENT ASSETS    
Accounts receivable 557 1,272
Prepaid expenses and other current assets $ 4,932 $ 3,604