v3.26.1
FINANCIAL STATEMENT COMPONENTS (Tables)
 6 Months Ended
Jun. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
SCHEDULE OF COMPONENTS OF INVENTORY

Inventory consists of the following (in thousands):

  

   June 30,   December 31, 
   2026   2025 
Raw materials  $29   $- 
Finished goods   3,631    745 
Total inventory  $3,660   $745 
SCHEDULE OF COMPONENTS OF PROPERTY AND EQUIPMENT

Property and equipment consists of the following (in thousands):

   

   June 30,   December 31, 
   2026   2025 
Production equipment  $6,140   $6,140 
Leasehold improvements   5,930    4,067 
Computer hardware and software/lab equipment   21,827    10,364 
Office furniture and equipment   6,233    5,575 
Property and equipment, gross   40,130    26,146 
Less: Accumulated depreciation   (24,343)   (21,866)
Property and equipment, net  $15,787   $4,280 
SUMMARY OF COMPONENTS OF INTANGIBLE ASSETS

The components of intangible assets were as follows as of June 30, 2026 and December 31, 2025:

  

   Gross           Net   Weighted 
   Carrying   Accumulated   Impairment   Carrying   Average Remaining 
As of June 30, 2026  Amount   Amortization   Expense   Amount   Period (Years) 
Acquired technology  $16,378   $2,694   $            -   $13,684                                  9 
   $16,378   $2,694   $-   $13,684            

 

   Gross           Net   Weighted 
   Carrying   Accumulated   Impairment   Carrying   Average Remaining 
As of December 31, 2025  Amount   Amortization   Expense   Amount   Period (Years) 
Acquired technology  $16,027   $5,938   $10,057   $32                                    1 
   $16,027   $5,938   $10,057   $32            
SCHEDULE OF ESTIMATED FUTURE AMORTIZATION EXPENSE RELATED TO INTANGIBLE ASSETS

The following table outlines estimated future amortization expense related to intangible assets held as of June 30, 2026 by line item on the condensed consolidated statement of operations (in thousands):

 

   Research and 
   Development 
Years Ended December 31,  Expense 
2026 (remainder of the year)  $756 
2027   1,493 
2028   1,492 
2029   1,492 
2030   1,492 
Thereafter   6,959 
Total  $13,684 
SCHEDULE OF ACCOUNTS PAYABLE

Accounts payable consists of the following (in thousands):

   

   June 30,   December 31, 
   2026   2025 
Software licenses  $1,889   $58 
Legal fees   1,417    74 
Other   2,570    1,496 
Total accounts payable  $5,876   $1,628 
SCHEDULE OF ACCRUED LIABILITIES

Accrued liabilities consists of the following (in thousands):

   

   June 30,   December 31, 
   2026   2025 
Payroll and payroll taxes  $2,186    1,124 
Restructuring charges   586    - 
Other   4,739    4,302 
Total accrued liabilities  $7,511   $5,426