| Schedule of Prepaid Expenses and Other Current Assets |
Prepaid
expenses and other current assets consist of the following (in thousands):
| |
|
As
of |
|
| |
|
March
29, |
|
|
December 28, |
|
| |
|
2026 |
|
|
2025 |
|
| Costs
to obtain contracts and costs to fulfill contracts (1) |
|
$ |
17,161 |
|
|
$ |
7,361 |
|
| Other |
|
|
10,691 |
|
|
|
9,552 |
|
| Total
prepaid expenses and other current assets |
|
$ |
27,852 |
|
|
$ |
16,913 |
|
| (1) |
Costs to obtain contracts
and costs to fulfill contracts with customers are recognized within sales commissions and cost of revenues, respectively, when the related
revenue is recognized. |
|
Prepaid
expenses and other current assets consist of the following (in thousands):
| |
|
As of |
|
| |
|
December 28, |
|
|
December 29, |
|
| |
|
2025 |
|
|
2024 |
|
| Costs to obtain contracts and costs to fulfill contracts (1) |
|
$ |
7,361 |
|
|
$ |
3,759 |
|
| Other |
|
|
9,552 |
|
|
|
4,447 |
|
| Total prepaid expenses and other current assets |
|
$ |
16,913 |
|
|
$ |
8,206 |
|
| (1) |
Costs to obtain contracts and costs to fulfill contracts with customers are recognized within sales
commissions and cost of revenues, respectively, when the related revenue is recognized. |
|
| Schedule of Accrued Expenses and Other Current Liabilities |
Accrued
expenses and other current liabilities consist of the following (in thousands):
| |
|
As
of |
|
| |
|
March
29, |
|
|
December 28, |
|
| |
|
2026 |
|
|
2025 |
|
| Accrued
compensation and benefits |
|
$ |
14,746 |
|
|
$ |
7,202 |
|
| Income taxes
payable |
|
|
278 |
|
|
|
278 |
|
| Professional
fees |
|
|
70 |
|
|
|
70 |
|
| Accrued
legal settlements |
|
|
9,500 |
|
|
|
9,500 |
|
| Accrued
rebates and credits |
|
|
6,269 |
|
|
|
7,564 |
|
| Deferred
financing fees |
|
|
4,868 |
|
|
|
4,868 |
|
| Investor
financing deposits with related parties |
|
|
5,392 |
|
|
|
2,000 |
|
| Accrued
interest (1) |
|
|
4,093 |
|
|
|
6,301 |
|
| Other
|
|
|
24,790 |
|
|
|
19,194 |
|
| Total
accrued expenses and other current liabilities |
|
$ |
70,006 |
|
|
$ |
56,977 |
|
| (1) |
Includes accrued interest
due to related parties of $2.2
million and $2.6
million as of March 29, 2026 and December 28, 2025, respectively. |
|
Accrued
expenses and other current liabilities consist of the following (in thousands):
| |
|
As of |
|
| |
|
December 28, |
|
|
December 29, |
|
| |
|
2025 |
|
|
2024 |
|
| Accrued compensation and benefits |
|
$ |
7,202 |
|
|
$ |
6,619 |
|
| Income taxes payable |
|
|
278 |
|
|
|
— |
|
| Professional fees |
|
|
70 |
|
|
|
8,028 |
|
| Accrued legal settlements |
|
|
9,500 |
|
|
|
7,700 |
|
| Accrued rebates and credits |
|
|
7,564 |
|
|
|
7,641 |
|
| Deferred financing fees |
|
|
4,868 |
|
|
|
4,674 |
|
| Investor financing deposit with related
party (1) |
|
|
2,000 |
|
|
|
— |
|
| Accrued interest (2) |
|
|
6,301 |
|
|
|
4,523 |
|
| Other (3) |
|
|
19,194 |
|
|
|
16,896 |
|
| Total accrued expenses and other current liabilities |
|
$ |
56,977 |
|
|
$ |
56,081 |
|
| (1) |
The Company received a deposit
of $2.0
million from the Rodgers Massey Revocable Living Trust (“Rodgers Revocable Trust”), a related party, in fiscal 2025. In
January 2026, these proceeds along with an additional $1.3
million received in January 2026 was converted to a 12.0%
convertible promissory note. Refer to Note 20 – Subsequent Events – 12.0% Convertible Promissory Note for
further details. |
| (2) |
Includes accrued interest
due to related parties of $2.6
million and $2.5
million as of December 28, 2025 and December 29, 2024, respectively. |
| (3) |
No individual items exceed
5%
of total current liabilities. |
|
| Schedule of Property and Equipment, Net |
|
Property
and equipment, net consist of the following (in thousands):
| |
|
As
of |
|
| |
|
December 28, |
|
|
December 29, |
|
| |
|
2025 |
|
|
2024 |
|
| Internal-use software |
|
$ |
308 |
|
|
$ |
420 |
|
| Equipment |
|
|
145 |
|
|
|
73 |
|
| Furniture and equipment |
|
|
1,112 |
|
|
|
724 |
|
| Vehicles |
|
|
6,824 |
|
|
|
5,174 |
|
| Leasehold improvements |
|
|
378 |
|
|
|
18 |
|
| Total property
and equipment |
|
|
8,767 |
|
|
|
6,409 |
|
| Less: accumulated
depreciation and amortization |
|
|
(3,877 |
) |
|
|
(916 |
) |
| Total property
and equipment, net |
|
$ |
4,890 |
|
|
$ |
5,493 |
|
|