v3.26.1
Supplementary Balance Sheet and Geographic Information (Tables)
 3 Months Ended
Mar. 31, 2026
Inventory Disclosure [Abstract]  
Selected Financial Data

Selected financial data as of the dates presented below is as follows (in thousands, except useful life data):

 

Inventory, net

 

March 31,
2026

 

 

December 31,
2025

 

Raw materials

 

$

114

 

 

$

186

 

Finished goods

 

 

24,697

 

 

 

31,100

 

Inventory, net

 

$

24,811

 

 

$

31,286

 
Summary of Property and Equipment, Net

The inventory reserve was $8.6 million and $14.3 million as of March 31, 2026, and December 31, 2025, respectively.

Property and equipment, net

 

Estimated Useful Life

 

March 31,
2026

 

 

December 31,
2025

 

Machinery and equipment

 

7 years

 

$

6,761

 

 

$

6,643

 

Vehicles

 

5 years

 

 

31

 

 

 

31

 

Computer software

 

5 years

 

 

212

 

 

 

212

 

Computer equipment

 

5 years

 

 

657

 

 

 

656

 

Furniture and fixtures

 

5 years

 

 

223

 

 

 

222

 

Leasehold improvements

 

3 - 6 years

 

 

357

 

 

 

357

 

Construction-in-process

 

 

 

 

161

 

 

 

140

 

 

 

 

 

8,402

 

 

 

8,261

 

Less: Accumulated depreciation

 

 

 

 

5,869

 

 

 

5,609

 

Property and equipment, net

 

 

 

$

2,533

 

 

$

2,652

 
Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities

 

March 31,
2026

 

 

December 31,
2025

 

Accrued vacation

 

$

1,059

 

 

$

980

 

Accrued compensation

 

 

2,733

 

 

 

3,808

 

Accrued professional fees

 

 

417

 

 

 

429

 

Accrued warehouse and freight

 

 

66

 

 

 

43

 

Accrued other(1)

 

 

1,938

 

 

 

1,768

 

Other current liabilities

 

 

69

 

 

 

101

 

Accrued expenses and other current liabilities

 

$

6,282

 

 

$

7,129

 

 

(1)
Accrued other as of March 31, 2026, and December 31, 2025, primarily consist of accrued expenses related to income tax expense, legal expense and insurance expense.
Summary of Activity in Allowance for Credit losses

(in thousands)

 

March 31,
2026

 

 

December 31,
2025

 

Allowance for credit losses, beginning balance

 

$

356

 

 

$

2,239

 

Net charges to expense

 

 

1,003

 

 

 

236

 

Write-offs

 

 

—

 

 

 

(2,119

)

Allowance for credit losses, ending balance

 

$

1,359

 

 

$

356

 

 
Schedule of Long-Lived Assets by Geographical Areas

The following table presents the Company’s long-lived assets, which consist of tangible property and equipment, net of depreciation, and operating ROU assets, by geographic region (in thousands):

Long-lived assets

 

March 31,
2026

 

 

December 31,
2025

 

EMEA(1)

 

$

1,043

 

 

$

1,151

 

Americas(2)

 

 

2,151

 

 

 

2,247

 

APAC(3)

 

 

1,499

 

 

 

1,592

 

Total long-lived assets

 

$

4,693

 

 

$

4,990

 

 

(1)
As of March 31, 2026, and December 31, 2025, 17.6% and 18.4% of the Company’s total long-lived assets were located in Israel, respectively.
(2)
As of March 31, 2026, and December 31, 2025, 45.8% and 45.1% of the Company’s total long-lived assets were located in the U.S., respectively.
As of March 31, 2026, 17.5% and 14.4% of the Company’s total long-lived assets were located in Thailand and China. As of December 31, 2025, 21.1% and 10.8% of the Company’s total long-lived assets were located in Thailand and China, respectively.