v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 6,923 $ 6,199
Restricted cash 114 22
Trade accounts receivable, net of allowance for credit losses and doubtful accounts of $1,795 and $1,437, respectively 26,951 20,660
Inventories 40,135 38,634
Prepaid and other current assets 1,466 1,601
Total current assets 75,589 67,116
Property and equipment, net 10,447 10,131
Right-of-use asset, net 2,634 829
Goodwill 7,302 7,302
Intangible assets, net 7,492 8,356
Other assets 15 103
Total Assets 103,479 93,837
Current Liabilities:    
Accounts payable 7,223 7,918
Accrued liabilities 10,626 7,771
Current portion of lease liability 693 703
Current portion of finance lease obligations 52 69
Line of credit 12,006 12,120
Total current liabilities 30,600 28,581
Long-term Liabilities:    
Lease liability, less current portion 2,015 166
Finance lease obligation, less current portion 30 47
Long-term debt, plus premium and less issuance costs 22,278 22,038
Other liabilities 54 42
Total Liabilities 54,977 50,874
Commitments and Contingencies (note 12)
Stockholders’ Equity:    
Preferred stock, $0.000001 par value; 10,000,000 shares authorized; no shares issued and outstanding
Common stock, $0.000001 par value; 300,000,000 shares authorized; 139,315,722 shares issued and outstanding as of June 30, 2025 and 139,045,664 shares issued and outstanding as of December 31, 2024
Additional paid-in capital 304,201 302,738
Accumulated other comprehensive income (loss) 152 (316)
Accumulated deficit (255,851) (259,459)
Total Stockholders’ Equity 48,502 42,963
Total Liabilities & Stockholders’ Equity $ 103,479 $ 93,837