v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 71,157 $ 75,572
Accounts receivable, net of allowance of credit losses of $6.5 million and $6.8 million at June 30, 2026 and December 31, 2025, respectively 75,650 77,497
Total inventory, net 84,983 85,611
Prepaid expenses and other current assets 15,940 11,260
Total current assets 247,730 249,940
Long-term assets:    
Property and equipment, net of accumulated depreciation and amortization of $28.0 million and $26.2 million at June 30, 2026 and December 31, 2025, respectively 73,998 75,615
Goodwill 1,209 1,209
Intangible assets, net of accumulated amortization of $13.3 million and $11.9 million at June 30, 2026 and December 31, 2025, respectively 9,430 9,942
Right-of-use operating lease assets, net 3,508 4,339
Other non-current assets 16,051 16,122
Total assets 351,926 357,167
Current liabilities:    
Accounts payable 32,841 43,109
Accrued liabilities 17,344 18,856
Other liabilities, short-term 14,373 20,177
Total current liabilities 64,558 82,142
Long-term liabilities:    
Note payable, net 261,702 247,522
Operating lease liabilities, long-term 1,972 2,820
Other liabilities, long-term 2,087 1,136
Total liabilities 330,319 333,620
Commitments and contingencies (Note 7)
Shareholders’ equity:    
Common shares — zero par value, unlimited amount authorized; $30,201,123 and $29,713,024 shares issued at June 30, 2026 and December 31, 2025, respectively; $29,793,053 and $29,304,954 shares outstanding at June 30, 2026 and December 31, 2025, respectively 450,587 433,378
Additional paid-in-capital 92,603 87,624
Treasury shares, at cost, 408,070 shares held at June 30, 2026 and December 31, 2025 (2,854) (2,854)
Accumulated deficit (520,886) (495,756)
Accumulated other comprehensive income 2,157 1,155
Total shareholders’ equity 21,607 23,547
Total liabilities and shareholders’ equity $ 351,926 $ 357,167