v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 10,779 $ 11,959
Accounts receivable, net of allowance of $1,305 and $1,265, respectively 6,000 5,422
Inventory 5,903 5,934
Prepaid expenses and other current assets 1,274 1,312
Total Current Assets 23,956 24,627
Non-Current Assets:    
Property and equipment, net 1,913 1,972
Right of use assets, net 991 390
Intangible assets, net 2,919 3,026
Goodwill 7,260 7,260
Secured revolving credit facility debt issuance costs, net 58 68
Total Non-Current Assets 13,141 12,716
Total Assets 37,097 37,343
Current Liabilities:    
Current portion of secured term loan 5,585 5,638
Accounts payable 3,320 3,251
Accrued expenses 8,584 8,382
Current portion of operating lease liabilities 300 157
Current portion of contract liabilities 487 388
Accrued interest 23 24
Other 5 7
Total Current Liabilities 18,304 17,847
Non-Current Liabilities:    
Secured term loan, net of current portion and debt issuance costs 14,330 15,667
Secured revolving credit facility 655 655
Operating lease liabilities, less current portion 1,294 854
Contract liabilities, less current portion 676 701
Total Non-Current Liabilities 16,955 17,877
Total Liabilities 35,259 35,724
Commitments and Contingencies (Note 15)
STOCKHOLDERS’ EQUITY    
Preferred Stock, par value $0.001, 5,000,000 shares authorized; 6,175 shares Series A, 293 shares Series B, 90 shares Series C and 8 shares Series D designated, respectively; no shares issued and outstanding at March 31, 2026 and December 31, 2025 0 0
Common stock, par value $0.001, 2,500,000,000 shares authorized; 8,594,209 and 8,588,876 issued and outstanding at March 31, 2026 and December 31, 2025, respectively 9 9
Additional paid-in capital 245,943 244,285
Accumulated deficit (244,124) (242,685)
Accumulated other comprehensive loss 10 10
Total Stockholders’ Equity 1,838 1,619
Total Liabilities and Stockholders’ Equity $ 37,097 $ 37,343