v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 662 $ 3,330 [1]
Accounts receivable 468 349 [1]
Unbilled accounts receivable 356 109 [1]
Inventories 1,365 1,618 [1]
Prepaid expenses and other current assets 945 1,033 [1]
Total current assets 3,796 6,439 [1]
Property and equipment, net 347 58 [1]
Intangible assets 96,780 92,575 [1]
Goodwill 19,135  
Deposit for business combination [1]   1,000
Other assets 632 553 [1]
Total assets 120,690 100,625 [1]
Current Liabilities:    
Accounts payable 3,854 2,779 [1]
Accrued liabilities 3,742 1,334 [1]
Convertible note payable, net, related party, current 521  
Total current liabilities 8,117 4,113 [1]
Convertible note payable, net, related party, net of current 6,851 9,569 [1]
2025 Convertible Notes 20,957  
Convertible Notes to CSI shareholders 10,054  
Warrant liabilities 9 664 [1]
Other liabilities 633 553 [1]
Total liabilities 46,621 14,899 [1]
Commitments and contingencies (Note 8) [1]
Stockholders' Equity:    
Common stock, par value $0.0001; 300,000,000 shares authorized; 86,661,219 and 52,034,060 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 7 5 [1]
Additional paid-in capital 419,192 384,172 [1]
Accumulated deficit (345,130) (298,451) [1]
Total stockholders' equity 74,069 85,726 [1]
Total liabilities, convertible preferred stock and stockholders' equity $ 120,690 $ 100,625 [1]
[1] The condensed consolidated balance sheet as of December 31, 2024 was derived from the audited consolidated balance sheet as of that date.

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