v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 19,297 $ 24,886
Accounts receivable, net of allowance for expected credit losses of $145 and $159, respectively 15,719 25,086
Inventories 12,541 7,726
Prepaid expenses and other current assets 5,704 6,389
Total current assets 53,261 64,087
Property, plant and equipment, net of accumulated depreciation of $29,571 and $26,063, respectively 1,308 1,087
Intangible assets, net of accumulated amortization of $34,022 and $32,336, respectively 21,873 20,676
Goodwill 3,949 3,949
Operating lease right-of-use assets 3,235 3,451
Other assets 531 557
Total assets 84,157 93,807
Current liabilities:    
Accounts payable 24,741 23,583
Accrued expenses and other current liabilities 27,397 24,856
Total current liabilities 52,138 48,439
Long-term liabilities:    
Operating lease liabilities 2,649 2,910
Deferred tax liabilities, net 189 186
2029 Senior Secured Notes, net 50,415 41,611
Other long-term liabilities 4,181 4,705
Total liabilities 109,572 97,851
Commitments and contingencies (Note 9.)
Preferred stock, par value $0.001; 2,000,000 shares authorized:    
Preferred stock, par value $0.001; 39,500 shares designated, no shares outstanding as of March 31, 2026, 25,000 issued and outstanding as of and December 31, 2025 (aggregate liquidation preference of $41,966 as of December 31, 2025) 0 0
Common stock, par value $0.001; 150,000,000 shares authorized, 16,228,548 and 15,388,978 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 16 15
Additional paid-in capital 871,990 903,899
Accumulated other comprehensive loss 376 403
Accumulated deficit (897,797) (908,361)
Total stockholders’ deficit (25,415) (4,044)
Total liabilities and stockholders’ deficit $ 84,157 $ 93,807