v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 112 $ 764
Accounts receivable, net 3,974 4,015
Inventories 39,521 40,760
Prepaid expenses and other current assets, net 2,060 1,699
Battery lease receivables 4,645 4,767
Total current assets 50,329 52,005
Property and equipment, net 2,942 3,784
Operating lease right-of-use assets 1,175 1,724
Net investment in leases 40 64
Total assets 54,486 57,577
Current liabilities:    
Accounts payable 3,827 4,265
Accrued liabilities 8,395 6,685
Deferred income 1,202 1,494
Warranty reserve, current 3,462 4,380
Lease liabilities, current 1,673 1,845
Short-term borrowing 1,010
Derivative liability 33
Warrant liability 218 1,278
Convertible note, current 3,440 485
Long-term borrowing, current 3 3
Total current liabilities 30,400 26,219
Lease liabilities, noncurrent 392 1,239
Warranty reserve, noncurrent 8,035 9,909
Long-term borrowings 136 138
Deferred tax liabilities 7,716 7,716
Total liabilities 46,679 47,257
Commitments and contingencies (Note 16)  
Equity:    
Common stock, par $0.0004, 450,000,000 shares authorized, 9,856,086* and 8,534,973* shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 20 17
Additional paid-in capital 53,800 51,578
Accumulated deficit (46,013) (41,275)
Total stockholders’ equity 7,807 10,320
Total liabilities and stockholders’ equity 54,486 57,577
Related Party [Member]    
Current assets:    
Amounts due to a related party 17
Current liabilities:    
Amounts due to a related party 23 28
Customers [Member]    
Current liabilities:    
Amounts due to a related party 8,157 4,713
Advance from customers, noncurrent $ 2,036