|
FY2025
12 months to Dec 31, 2025
|
|
|---|---|
| Cash flows from operating activities: | |
| Net loss | |
| Adjustments to reconcile net loss to net cash used in operating activities: | |
| Depreciation and amortization | |
| Stock-based compensation | |
| Change in fair value of warrant liability | |
| Change in fair value of derivative liability | |
| (Recovery of) provision for credit losses | |
| Unrealized (gain) loss on marketable securities | |
| Lease expense | |
| Commitment fee - standby equity purchase agreement | |
| Changes in operating assets and liabilities: | |
| (Increase) decrease in assets: | |
| Accounts receivable | |
| Inventory | |
| Prepaid expenses and other current assets | |
| Funding of settlement escrow | |
| Other assets | |
| Security deposits | |
| Increase (decrease) in liabilities: | |
| Accounts payable | |
| Accrued expenses | |
| Lease liabilities | |
| Settlement liability | |
| Other long-term liabilities | |
| Deferred revenue | |
| Net cash used in operating activities | |
| Cash flows from investing activities: | |
| Purchase of investments | |
| Proceeds from maturity of investments | |
| Sale of investments | |
| Purchase of property and equipment | |
| Net cash used in investing activities | |
| Cash flows from financing activities: | |
| Proceeds from issuance of convertible preferred stock, net | |
| Payments of third-party IPO issuance costs | |
| Proceeds from exercise of stock options | |
| Proceeds from additional stock issuance | |
| Payment of dividend | |
| Payment of line of credit | |
| Principal payment under finance lease obligation | |
| Net cash provided by financing activities | |
| Net change in cash | |
| Cash and cash equivalents – beginning | |
| Cash and cash equivalents – ending | |
| Supplemental disclosures of cash flow information: | |
| Operating lease assets obtained in exchange for operating lease liabilities | |
| Taxes paid | |
| Interest paid | |
| Non-cash transactions: | |
| Property and equipment acquired through accounts payable | |
| Non-cash financing activities: | |
| Issuance of warrants resulting in recognition of warrant liabilities | |
| Issuance of warrants in connection with the issuance of convertible stock | |
| Common stock issuance costs reclassified from prepaid expenses | |
| Conversion of preferred stock Series to common stock | |
| Series A | |
| Series B Preferred Stock | |
| Conversion of derivative liability to equity | |
| Conversion of warrant liability to equity |
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