v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 41,094 $ 33,565
Accounts receivable, net 66,349 58,998
Other receivables 360 322
Inventories 20,011 16,875
Prepaid expenses and other current assets 1,176 2,987
Total current assets 128,990 112,747
Property and equipment, net 10,583 10,684
Operating right of use assets 21,188 22,374
Intangible assets, net 9,585 11,015
Goodwill 7,230 7,230
Other assets 657 606
Total assets 178,233 164,656
Current liabilities:    
Accounts payable 60,279 43,167
Current portion of operating lease liabilities 7,225 7,156
Accrued expenses and other current liabilities 27,435 20,639
Total current liabilities 94,939 70,962
Operating lease liabilities 17,384 19,131
Derivative warrant liabilities 89 264
Derivative liabilities 10,838 12,591
Long-term debt, net of unamortized debt issuance costs 79,867 77,400
Other non-current liabilities 30 28
Total liabilities 203,147 180,376
Commitments and contingencies (Note 15)
Stockholders’ deficit:    
Common Stock, $0.0001 par value, authorized 500,000,000 shares; 102,202,753 shares issued and 100,468,979 shares outstanding at June 30, 2026 and 100,596,918 shares issued and 98,863,144 shares outstanding at December 31, 2025 10 10
Series A Convertible Preferred Stock, $0.0001 par value, authorized 10,000,000 shares; 193,507 shares issued and outstanding at June 30, 2026 and December 31, 2025 0 0
Additional paid-in capital 259,795 256,708
Treasury Stock at cost, 1,733,774 shares at June 30, 2026 and December 31, 2025 (1,019) (1,019)
Accumulated deficit (283,700) (271,419)
Total stockholders’ deficit (24,914) (15,720)
Total liabilities and stockholders’ deficit $ 178,233 $ 164,656