| Schedule of Assets and Liabilities Classified as Held for Sale |
The carrying amounts of the major classes of assets
and liabilities classified as held for sale as of December 31, 2025 and 2024 were as follows (in thousands):
| | |
As of
December 31,
2025 | | |
As of
December 31,
2024 | |
| Assets Held for Sale: | |
| | |
| |
| Cash and cash equivalents | |
$ | 223 | | |
$ | 133 | |
| Accounts receivable, net and other receivables | |
| 2,271 | | |
| 730 | |
| Inventories | |
| 1,072 | | |
| 2,214 | |
| Prepaid expenses and other current assets | |
| 79 | | |
| 131 | |
| Current assets held for sale | |
$ | 3,645 | | |
$ | 3,208 | |
| | |
| | | |
| | |
| Property and equipment, net | |
$ | 72 | | |
$ | 134 | |
| Operating lease right-of-use asset, net | |
| 427 | | |
| 30 | |
| Intangible assets, net | |
| 852 | | |
| 1,592 | |
| Goodwill | |
| 3,309 | | |
| 12,072 | |
| Other assets | |
| 128 | | |
| 121 | |
| Non-current assets held for sale | |
$ | 4,788 | | |
$ | 13,949 | |
| | |
| | | |
| | |
| Liabilities Held for Sale: | |
| | | |
| | |
| Accounts payable | |
$ | 210 | | |
$ | 297 | |
| Accrued expenses and other current liabilities | |
| 805 | | |
| 632 | |
| Operating lease obligations, current | |
| 106 | | |
| 31 | |
| Deferred revenue | |
| 601 | | |
| 532 | |
| Current liabilities held for sale | |
$ | 1,722 | | |
$ | 1,492 | |
| | |
| | | |
| | |
| Operating lease obligations, noncurrent | |
$ | 322 | | |
$ | — | |
| Non-current liabilities held for sale | |
$ | 322 | | |
$ | — | |
The following table presents the results of discontinued
operations for the years ended December 31, 2025 and 2024 (in thousands):
| | |
Year Ended December 31, | |
| | |
2025 | | |
2024 | |
| Revenues | |
$ | 4,965 | | |
$ | 3,202 | |
| Cost of revenues | |
| 2,252 | | |
| 1,314 | |
| Research and development | |
| 2,291 | | |
| 2,026 | |
| Sales and marketing | |
| 2,599 | | |
| 1,714 | |
| General and administrative | |
| 2,539 | | |
| 2,362 | |
| Impairment of goodwill and intangible assets | |
| 10,526 | | |
| 2,507 | |
| Other income (expense), net | |
| 210 | | |
| 613 | |
| Net loss, before tax | |
| (15,452 | ) | |
| (7,334 | ) |
| Income tax provision | |
| (3 | ) | |
| — | |
| Loss from discontinued operations | |
$ | (15,455 | ) | |
$ | (7,334 | ) |
The following table presents the major classes
of cash flows related to discontinued operations (in thousands):
| | |
Year Ended December 31, | |
| | |
2025 | | |
2024 | |
| Net cash used in operating activities | |
$ | (4,441 | ) | |
$ | (4,100 | ) |
| Net cash used in investing activities | |
| (23 | ) | |
| — | |
| Net cash provided by (used in) financing activities | |
| — | | |
| — | |
| Total | |
$ | (4,464 | ) | |
$ | (4,100 | ) |
|