v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 9,376 $ 11,959
Accounts receivable, net of allowance of $1,617 and $1,265, respectively 5,801 5,422
Inventory 7,070 5,934
Prepaid expenses and other current assets 954 1,312
Total Current Assets 23,201 24,627
Non-Current Assets:    
Property and equipment, net 2,255 1,972
Right of use assets, net 953 390
Intangible assets, net 2,887 3,026
Goodwill 7,260 7,260
Secured revolving credit facility debt issuance costs, net 49 68
Total Non-current Assets 13,404 12,716
Total Assets 36,605 37,343
Current Liabilities:    
Current portion of secured term loan, net of debt issuance costs 5,599 5,638
Accounts payable 3,308 3,251
Accrued expenses 8,605 8,382
Current portion of operating lease liabilities 5 157
Current portion of contract liabilities 632 388
Accrued interest 17 24
Other 7 7
Total Current Liabilities 18,173 17,847
Non-current Liabilities:    
Secured term loan, net of current portion and debt issuance costs 12,922 15,667
Secured revolving credit facility 655 655
Operating lease liabilities, less current portion 1,525 854
Contract liabilities, less current portion 543 701
Total Non-current Liabilities 15,645 17,877
Total Liabilities 33,818 35,724
Commitments and Contingencies (Note 15)
STOCKHOLDERS’ EQUITY    
Preferred Stock, par value $0.001, 5,000,000 shares authorized; 6,175 shares Series A, 293 shares Series B, 90 shares Series C and 8 shares Series D designated, respectively; no shares issued and outstanding at June 30, 2026 and December 31, 2025 0 0
Common stock, par value $0.001, 2,500,000,000 shares authorized; 8,602,309 and 8,588,876 issued and outstanding at June 30, 2026 and December 31, 2025, respectively 9 9
Additional paid-in capital 247,574 244,285
Accumulated deficit (244,806) (242,685)
Accumulated other comprehensive income 10 10
Total Stockholders’ Equity 2,787 1,619
Total Liabilities and Stockholders’ Equity $ 36,605 $ 37,343