Inventory consisted of the following.


	As of
	December 31, 2025		December 31, 2024
Finished Goods	$	26,359	$	34,876
Raw Materials		311		385
Total inventory	$	26,670	$	35,261

The Company writes-down inventory for any excess or obsolete inventories or when the Company believes the net realizable value of inventories is less than the carrying value. During the years ended December 31, 2025, 2024 and 2023, the Company recorded write-downs of $4,165, $2,900 and $2,837 respectively. As of December 31, 2025 and 2024, the Company's inventory reserve balance was $4,307 and $5,949, respectively. The Company evaluates inventory levels for excess and obsolete products based on its assessment of future demand and market conditions.

Prepaid expenses and other current assets consisted of the following.


	As of
	December 31, 2025		December 31, 2024
Prepaid expenses	$	5,856	$	7,867
Other current assets		333		4,014
Total prepaid expenses and other current assets	$	6,189	$	11,881

During the year ended December 31, 2024, the Company recorded $3,534 in other current assets related to a lease for its new headquarters in Phoenix, AZ. See Note 12. "Commitments and Contingencies" - Lease Commitments.

Property and equipment, net consisted of the following.


	As of
	December 31, 2025			December 31, 2024
Leasehold improvements	$	5,202		$	2,185
Computer hardware		2,332			2,469
Warehouse and other equipment		950			815
Furniture and fixtures		322			153
Property and equipment		8,806			5,622
Less: Accumulated depreciation		(3,685	)		(3,171	)
Total property and equipment, net	$	5,121		$	2,451

Depreciation and amortization expense on all property, plant and equipment was $913, $718 and $837 during the years ended December 31, 2025, 2024 and 2023, respectively.

Intangible assets, net consisted of the following.


	As of
	December 31, 2025							December 31, 2024
	Gross		Accumulated Amortization			Net		Gross		Accumulated Amortization			Net
Customer relationships	$	22,990	$	(8,446	)	$	14,544	$	22,990	$	(6,223	)	$	16,767
Developed technology		10,600		(5,854	)		4,746		10,600		(4,383	)		6,217
Trade name		900		(689	)		211		900		(509	)		391
Total intangible assets, net	$	34,490	$	(14,989	)	$	19,501	$	34,490	$	(11,115	)	$	23,375

Amortization expense on all intangible assets was $3,874 for the years ended December 31, 2025, 2024 and 2023. Total future amortization for finite-lived intangible assets is estimated as follows.


	Amortization Expense
2026	$	3,873
2027		3,734
2028		3,693
2029		2,554
2030		2,222
Thereafter		3,425
Total	$	19,501

Other long-term assets consisted of the following.


	As of
	December 31, 2025		December 31, 2024
Capitalized software costs, net	$	10,846	$	9,463
Operating lease - ROU asset, net		2,810		3,808
Other long-term assets		2,309		3,088
Total other long-term assets	$	15,965	$	16,359

Amortization expense for capitalized software costs was $3,449, $1,760 and $778 for the years ended December 31, 2025, 2024 and 2023, respectively.

During the year ended December 31, 2024, the Company recorded $2,701 of other long-term assets related to a lease for its new headquarters in Phoenix, AZ. See Note 12. "Commitments and Contingencies" - Lease Commitments.

In December 2023, the Company invested $2,250 in a non-affiliated, privately held entity, under a Simple Agreement for Future Equity ("SAFE") agreement. The non-affiliated entity provides support and consultation for consumers looking to manage and upgrade the technology within their home. The Company’s investment in the SAFE is recorded using the cost method of accounting and is included under other long-term assets on the Consolidated Balance Sheets, as it is not readily convertible into cash. During the year ended December 31, 2024, the Company identified factors indicative of impairment and recorded an impairment charge of $2,250, the full value of the asset, in general and administrative expenses on the Consolidated Statements of Operations and Comprehensive Loss.

Accrued expenses and other current liabilities consisted of the following.


	As of
	December 31, 2025		December 31, 2024
Accrued expenses	$	3,383	$	13,052
Accrued compensation costs		7,778		8,249
Warranty allowance		423		1,077
Accrued acquisition consideration		-		1,760
Other		2,456		3,107
Total accrued expenses and other current liabilities	$	14,040	$	27,245

Other long-term liabilities consisted of the following.


	As of
	December 31, 2025		December 31, 2024
Lease liability, noncurrent	$	5,792	$	7,021
Other long-term liabilities		8		100
Total other long-term liabilities	$	5,800	$	7,121

During the year ended December 31, 2024, the Company recorded $6,131 in other long-term liabilities related to the lease for its new headquarters in Phoenix, AZ. See Note 12. "Commitments and Contingencies" - Lease Commitments.