ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2026

Organization, Consolidation and Presentation of Financial Statements [Abstract]

SCHEDULE OF RECLASSIFICATION ADJUSTEMENTS

The following table summarizes the reclassification adjustments made to the Company’s previously issued consolidated statement of cash flows for the period presented below (in thousands):


	For the year ended December 31, 2025
	As Reported		Adjustment		As Revised
Cash flows from operating activities
Accounts payable and accrued expenses - related party	$	3,699	$	(3,699)	$	—

Cash flows from financing activities:
Net change in related party accounts payable-inventory financing	$	—	$	3,699	$	3,699

SCHEDULE OF FINANCIAL LIABILITIES MEASURED ON A RECURRING BASIS

The following table sets forth, by level within the fair value hierarchy, the Company’s financial liabilities that were accounted for at fair value on a recurring basis as of March 31, 2026 and December 31, 2025 (in thousands):


Description	Markets for Identical Assets (Level 1)		Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Carrying Value as of March 31, 2026
Common Warrants Liabilities	$	—	$	—	$	2,002	$	2,002
Derivative liabilities - warrant instruments	—		—		2		2
Derivative liabilities - related party	—		—		511		511
Long-term incentive plan	$	—	$	—	$	206	$	206


Description	Markets for Identical Assets (Level 1)		Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Carrying Value as of December 31, 2025
Common Warrants Liabilities	$	—	$	—	$	2,002	$	2,002
Derivative liabilities - warrant instruments	—		—		5		5
Derivative liabilities - related party	—		—		476		476
Long-term incentive plan	$	—	$	—	$	205	$	205

SCHEDULE OF BEGINNING AND ENDING BALANCES OF WARRANT INSTRUMENT AND LONG-TERM INCENTIVE PLAN

The following tables reconcile the beginning and ending balances of the warrant instruments and long-term incentive plan within Level 3 of the fair value hierarchy, respectively:


	Common Warrants Liabilities (in thousands)		Derivative Liabilities (in thousands)		Related Party Derivative Liabilities (in thousands)		Long-term incentive plan (in thousands)
Balance, December 31, 2025	$	2,002	$	5	$	476	$	205
Issuance during period	—		—		—		105
Amount paid in period	—		—		—		(37)
Change in fair value	—		(3)		35		(67)
Balance, March 31, 2026	$	2,002	$	2	$	511	$	206

	Common Warrants Liabilities (in thousands)		Derivative Liabilities (in thousands)		Related Party Derivative Liabilities (in thousands)		Long-term incentive plan (in thousands)
Balance, December 31, 2024	$	—	$	1	$	—	$	358
Common warrants issuance on February 21, 2025	3,396		—		—		—
Reclass to accrued expenses	—		—		—		(236)
Change in fair value	(1,936)		9		—		67
Balance, March 31, 2025	$	1,460	$	10	$	—	$	189

SCHEDULE OF DISAGGREGATED REVENUE


	Three Months Ended March 31,
	(in thousands)
	2026		2025
Product revenue	$	20,559	$	21,643


Service revenue	1,883		780


Total revenues, net	$	22,442	$	22,423

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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