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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Operating activities:    
Net loss $ (173,799) $ (18,916)
Adjustments required to reconcile net loss to net cash used in operating activities:    
Depreciation expense 1,531 1,325
Stock-based compensation expense 2,610 2,893
Change in fair value of the Convertible Loan 120,963 (31,399)
Non-cash interest expense 16,568 10,758
Gain on debt and Convertible Loan extinguishments   (2,166)
Impairment expense 5,412  
Change in right-of-use asset 2,364 2,053
Changes in operating assets and liabilities:    
Prepaid expenses and other assets 39 5,106
Accounts payable and accrued liabilities (334) (3,755)
Accrued compensation (89) 1,512
Operating lease liability (1,028) (4,962)
Net cash used in operating activities (25,763) (37,551)
Investing activities:    
Purchases of property and equipment (542) (1,879)
Net cash used in investing activities (542) (1,879)
Financing activities:    
Proceeds from issuance of term debt, net of issuance costs 25,000 34,889
Payments for taxes related to net share settlement of equity awards (46) (61)
Proceeds from exercise of stock options 658 130
Net cash provided by financing activities 25,612 34,958
Net change in cash, cash equivalents and restricted cash (693) (4,472)
Cash, cash equivalents and restricted cash, beginning of period 14,771 19,243
Cash, cash equivalents and restricted cash, end of period $ 14,078 14,771
Supplemental disclosure of cash flow information:    
Right-of-use asset obtained by assuming operating lease liabilities   $ 977