v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 6,900 $ 10,412
Restricted cash and cash equivalents 50 50
Accounts receivable 6,353 5,781
Inventory 6,826 5,027
Prepaid expenses and other current assets 1,068 821
Total current assets 21,197 22,091
Property and equipment, net 315 318
Operating lease right-of-use assets, net 477 573
Other assets 39 39
Total assets 22,028 23,021
Current liabilities:    
Accounts payable 2,927 3,580
Accrued expenses and other current liabilities 5,131 3,825
Current maturities of long-term debt 0 9
Operating lease liabilities, current 467 454
Total current liabilities 8,525 7,868
Long-term debt, less current maturities, net 1,360 683
Related party notes payable 3,895 3,895
Operating lease liabilities 82 203
Warrant liability 276 103
Earnout liability 2,160 2,210
Other liabilities 1,931 1,614
Total liabilities 18,229 16,576
Commitments and contingencies (Notes 6 and 7)
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 10,000 shares authorized; no shares issued and outstanding 0 0
Common stock, $0.0001 par value; 500,000 shares authorized as of March 31, 2026 and December 31, 2025, respectively; 12,042 and 11,902 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 1 1
Additional paid-in capital 60,228 59,468
Accumulated deficit (56,430) (53,024)
Total stockholders’ equity 3,799 6,445
Total liabilities and stockholders’ equity $ 22,028 $ 23,021