v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 1,878 $ 24,886
Accounts receivable, net of allowance for expected credit losses of $201 and $159, respectively 40,129 25,086
Inventories 8,923 7,726
Prepaid expenses and other current assets 7,168 6,389
Total current assets 58,098 64,087
Property, plant and equipment, net of accumulated depreciation of $12,445 and $26,063, respectively 1,318 1,087
Intangible assets, net of accumulated amortization of $34,839 and $32,336, respectively 23,350 20,676
Goodwill 3,949 3,949
Operating lease right-of-use assets 3,016 3,451
Other assets 657 557
Total assets 90,388 93,807
Current liabilities:    
Accounts payable 28,687 23,583
Accrued expenses and other current liabilities 25,645 24,856
Total current liabilities 54,332 48,439
Long-term liabilities:    
Operating lease liabilities 2,381 2,910
Deferred tax liabilities, net 192 186
Working Capital Facility 10,000 0
2029 Senior Secured Notes, net 50,291 41,611
Other long-term liabilities 3,754 4,705
Total liabilities 120,950 97,851
Commitments and contingencies (Note 9.)
Preferred stock, par value $0.001; 2,000,000 shares authorized:    
Preferred stock, par value $0.001; 39,500 shares designated, no shares outstanding as of June 30, 2026, 25,000 issued and outstanding as of December 31, 2025 (aggregate liquidation preference of $41,966 as of December 31, 2025) 0 0
Common stock, par value $0.001; 150,000,000 shares authorized, 16,401,284 and 15,388,978 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 16 15
Additional paid-in capital 875,237 903,899
Accumulated other comprehensive loss 420 403
Accumulated deficit (906,235) (908,361)
Total stockholders’ deficit (30,562) (4,044)
Total liabilities and stockholders’ deficit $ 90,388 $ 93,807