v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 4,738 $ 512
Accounts receivable, net 2,512 2,614
Inventories, net 4,544 3,748
Vendor deposits 1,130 377
Loan receivable 0 6,592
Prepaid expenses and other current assets 1,125 860
Total current assets 14,049 14,703
Property and equipment, net 436 379
Right-of-use-assets 284 317
Intangible assets, net 17,098 7,863
Long-term inventories, net 3,523 3,583
Vendor deposits long term 1,825 1,825
Goodwill 20,639 15,545
Other assets 2,790 2,628
Total Assets 60,644 46,843
Current liabilities:    
Accounts payable 9,358 8,981
Accrued expenses and other current liabilities 5,191 4,849
Operating lease liability, current portion 143 159
Deferred revenue 4,475 1,317
Loan payable 7,543 8,823
Derivatives 1,011 243
Convertible notes payable, net 8,757 6,913
Total current liabilities 36,478 31,285
Operating lease liability, net of current portion 152 171
Mandatorily redeemable Series D convertible preferred stock 7,859 0
Other long term liabilities 3,455 1,753
Warrant liabilities 169 408
Loans payable - long-term 3,502 1,794
Convertible notes payable non current, net 1,053 2,738
Total liabilities 52,668 38,149
Commitments and contingencies (Note 15)
Stockholders' equity    
Common stock, par value $0.0001; 900,000,000 shares authorized; 2,057,018 and 307,516 shares issued and outstanding as of March 31, 2026 and December 31, 2025. 2 0
Additional paid-in capital 243,976 233,817
Accumulated other comprehensive income (24) 113
Accumulated deficit (238,285) (227,542)
Total stockholders' equity 5,672 6,390
Total liabilities, preferred stock and stockholders' equity 60,644 46,843
Series A Convertible Preferred Stock [Member]    
Stockholders' equity    
Preferred stock value 1 1
Series B Convertible Preferred Stock [Member]    
Stockholders' equity    
Preferred stock value 0 0
Series C Convertible Preferred Stock [Member]    
Stockholders' equity    
Preferred stock value 2 1
Series E Convertible Preferred Stock [Member]    
Current liabilities:    
Series E convertible preferred stock, par value $0.0001; 1,300,000 shares authorized, issued and outstanding as of March 31, 2026 and December 31, 2025. $ 2,304 $ 2,304