Additional Balance Sheet Information

3 Months Ended

Mar. 31, 2026

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Inventories are valued at the lower of cost or net realizable value using the first-in, first-out (“FIFO”) method for electric motorcycles and related products and average costing method for electric balance bikes and electric bikes. Inventories, net consisted of the following (in thousands):


	March 31, 2026		December 31, 2025
Raw materials and work in process	$	178	$	49
Electric motorcycles, electric balance bikes and electric bikes	12,986		14,167
Parts and accessories and apparel	1,061		1,039
Inventories, net	$	14,225	$	15,255

Accrued liabilities primarily include accrued payroll and employee benefits of $1,961 thousand, accrued warranty and recalls of $1,507 thousand (as discussed in Note 9, Product Warranty and Recall Campaigns), and accrued engineering costs of $1,099 thousand as of March 31, 2026. Accrued liabilities primarily include accrued payroll and employee benefits of $4,553 thousand, accrued warranty and recalls of $1,449 thousand, and accrued engineering costs of $1,356 thousand as of December 31, 2025.