v3.25.4
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' DEFICIT (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock [Member]
Additional Paid-In-Capital [Member]
Accumulated Deficit [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Redeemable Convertible Preferred Stock
Beginning balance at Dec. 31, 2022           $ 288,304
Beginning balance (in shares) at Dec. 31, 2022           241,828,956
Beginning balance at Dec. 31, 2022 $ (213,087)   $ 12,836 $ (225,592) $ (331)  
Beginning balance, (in shares) at Dec. 31, 2022   333,330        
Issuance of Series G preferred shares, net of offering costs           $ 31,258
Issuance of Series G preferred shares, net of offering costs (in shares)           34,972,704
Exercise of warrants (in shares)           437,319
Exercise of warrants           $ 599
Exercise of stock options $ 276   276      
Exercise of stock options (in shares) 23,101 23,056        
Stock-based compensation $ 2,623   2,623      
Deemed dividend     1,941 (1,941)    
Currency translation adjustment (508)       (508)  
Net loss (50,332)     (50,332)    
Ending balance at Dec. 31, 2023 320,161         $ 320,161
Ending balance (in shares) at Dec. 31, 2023           277,238,979
Ending balance at Dec. 31, 2023 (261,028)   17,676 (277,865) (839)  
Ending balance, (in shares) at Dec. 31, 2023   356,356        
Issuance of Series G preferred shares, net of offering costs           $ 57,983
Issuance of Series G preferred shares, net of offering costs (in shares)           64,257,179
Issuance of warrants 1,940   1,940      
Exercise of stock options 349   349      
Exercise of stock options (in shares)   19,015        
Stock-based compensation 4,311   4,311      
Deemed dividend     2,724 (2,724)    
Currency translation adjustment 107       107  
Net loss (29,470)     (29,470)    
Ending balance at Sep. 30, 2024           $ 378,144
Ending balance (in shares) at Sep. 30, 2024           341,496,158
Ending balance at Sep. 30, 2024 (283,791)   27,000 (310,059) (732)  
Ending balance, (in shares) at Sep. 30, 2024   375,371        
Beginning balance at Dec. 31, 2023 320,161         $ 320,161
Beginning balance (in shares) at Dec. 31, 2023           277,238,979
Beginning balance at Dec. 31, 2023 $ (261,028)   17,676 (277,865) (839)  
Beginning balance, (in shares) at Dec. 31, 2023   356,356        
Issuance of Series G preferred shares, net of offering costs           $ 57,989
Issuance of Series G preferred shares, net of offering costs (in shares)           64,257,179
Conversion of redeemable convertible preferred stock to common stock on initial public offering, Shares 12,729,349          
Issuance of warrants $ 1,940   1,940      
Exercise of stock options $ 854   854      
Exercise of stock options (in shares) 78,377 78,365        
Stock-based compensation $ 5,174   5,174      
Deemed dividend     2,724 (2,724)    
Currency translation adjustment 319       319  
Net loss (39,661)     (39,661)    
Ending balance at Dec. 31, 2024 378,150         $ 378,150
Ending balance (in shares) at Dec. 31, 2024           341,496,158
Ending balance at Dec. 31, 2024 (292,402)   28,368 (320,250) (520)  
Ending balance, (in shares) at Dec. 31, 2024   434,720        
Beginning balance at Jun. 30, 2024           $ 371,657
Beginning balance (in shares) at Jun. 30, 2024           334,307,317
Beginning balance at Jun. 30, 2024 (276,587)   24,517 (300,316) (788)  
Beginning balance, (in shares) at Jun. 30, 2024   372,686        
Issuance of Series G preferred shares, net of offering costs           $ 6,487
Issuance of Series G preferred shares, net of offering costs (in shares)           7,188,841
Exercise of stock options 56   56      
Exercise of stock options (in shares)   2,685        
Stock-based compensation 2,122   2,122      
Deemed dividend     305 (305)    
Currency translation adjustment 56       56  
Net loss (9,438)     (9,438)    
Ending balance at Sep. 30, 2024           $ 378,144
Ending balance (in shares) at Sep. 30, 2024           341,496,158
Ending balance at Sep. 30, 2024 (283,791)   27,000 (310,059) (732)  
Ending balance, (in shares) at Sep. 30, 2024   375,371        
Beginning balance at Dec. 31, 2024 378,150         $ 378,150
Beginning balance (in shares) at Dec. 31, 2024           341,496,158
Beginning balance at Dec. 31, 2024 (292,402)   28,368 (320,250) (520)  
Beginning balance, (in shares) at Dec. 31, 2024   434,720        
Conversion of redeemable convertible preferred stock into common stock in connection with initial public offering, Shares           (341,496,158)
Conversion of redeemable convertible preferred stock into common stock in connection with initial public offering, value           $ (378,150)
Conversion of redeemable convertible preferred stock to common stock on initial public offering, Shares   12,729,240        
Conversion of redeemable convertible preferred stock into common stock in connection with initial public offering, value 378,150   378,150      
Issuance of common stock in connection with initial public offering, net of offering costs, underwriting discounts and commissions (in shares)   4,600,000        
Issuance of common stock in connection with initial public offering, net of offering costs, underwriting discounts and commissions, Value 99,843   99,843      
Settlement of warrant liability 173   173      
Exercise of warrants (in shares)   435,013        
Exercise of warrants 5,702   5,702      
Exercise of stock options 353   353      
Exercise of stock options (in shares)   39,489        
Stock-based compensation 3,684   3,684      
Currency translation adjustment 66       66  
Net loss (25,782)     (25,782)    
Ending balance at Sep. 30, 2025 0          
Ending balance at Sep. 30, 2025 169,787   516,273 (346,032) (454)  
Ending balance, (in shares) at Sep. 30, 2025   18,238,462        
Beginning balance at Jun. 30, 2025           $ 378,150
Beginning balance (in shares) at Jun. 30, 2025           341,496,158
Beginning balance at Jun. 30, 2025 (307,311)   30,159 (337,030) (440)  
Beginning balance, (in shares) at Jun. 30, 2025   450,682        
Conversion of redeemable convertible preferred stock into common stock in connection with initial public offering, Shares           (341,496,158)
Conversion of redeemable convertible preferred stock into common stock in connection with initial public offering, value           $ (378,150)
Conversion of redeemable convertible preferred stock to common stock on initial public offering, Shares   12,729,240        
Conversion of redeemable convertible preferred stock into common stock in connection with initial public offering, value 378,150   378,150      
Issuance of common stock in connection with initial public offering, net of offering costs, underwriting discounts and commissions (in shares)   4,600,000        
Issuance of common stock in connection with initial public offering, net of offering costs, underwriting discounts and commissions, Value 99,843   99,843      
Settlement of warrant liability 173   173      
Exercise of warrants (in shares)   435,013        
Exercise of warrants 5,702   5,702      
Exercise of stock options 178   178      
Exercise of stock options (in shares)   23,527        
Stock-based compensation 2,068   2,068      
Currency translation adjustment (14)       (14)  
Net loss (9,002)     (9,002)    
Ending balance at Sep. 30, 2025 0          
Ending balance at Sep. 30, 2025 $ 169,787   $ 516,273 $ (346,032) $ (454)  
Ending balance, (in shares) at Sep. 30, 2025   18,238,462