v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities:    
Net income (loss) $ (18,003,000) $ 74,820,000
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 2,026,000 2,870,000
Gain on sale of discontinued operations, net of taxes   (103,509,000)
Amortization of operating lease right-of-use assets 424,000 1,473,000
Write down of inventory 639,000 807,000
Amortization of debt issuance costs   113,000
Stock-based compensation expense 3,202,000 8,730,000
Impairment of operating lease right-of-use assets 800,000  
Loss on disposal of property and equipment   98,000
Changes in operating assets and liabilities:    
Accounts receivable 150,000 6,158,000
Inventories (309,000) 4,482,000
Prepaid expenses and other assets 2,857,000 (2,613,000)
Accounts payable 1,032,000 (5,318,000)
Deferred revenue 2,760,000 311,000
Accrued income taxes payable (885,000) (2,017,000)
Accrued expenses and other liabilities (131,000) (365,000)
Operating lease liabilities (1,265,000) (1,473,000)
Net cash used in operating activities (6,703,000) (15,433,000)
Cash flows from investing activities:    
Capital expenditures (1,108,000) (1,493,000)
Proceeds from sale of discontinued operations, net of cash sold   142,986,000
Proceeds from investment 298,000  
Net cash provided by (used in) investing activities (810,000) 141,493,000
Cash flows from financing activities:    
Borrowings under revolving loan facility, net of issuance costs   9,887,000
Repayments under revolving loan facility   (20,000,000)
Taxes paid related to net share settlement of restricted stock units (431,000) (1,642,000)
Repurchases of common stock   (1,879,000)
Net cash used in financing activities (431,000) (13,634,000)
Effect of exchange rates on cash, cash equivalents, and restricted cash 907,000 (864,000)
Net increase (decrease) in cash, cash equivalents, and restricted cash (7,037,000) 111,562,000
Cash, cash equivalents, and restricted cash, Beginning of period 135,946,000 24,384,000
Cash, cash equivalents, and restricted cash, End of period 128,909,000 135,946,000
Supplemental Disclosures of Cash Flow Information:    
Interest paid   324,000
Income taxes payments (refunds), net (1,909,000) 4,181,000
Non-cash investing and financing activities:    
Dividends earned on Series B preferred stock 824,000 883,000
Operating lease right-of-use assets obtained in exchange for operating lease liabilities $ 65,000 $ 560,000