v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 10,924 $ 10,412
Restricted cash and cash equivalents 50 50
Accounts receivable 7,404 5,781
Inventory 9,870 5,027
Prepaid expenses and other current assets 1,171 821
Total current assets 29,419 22,091
Property and equipment, net 793 318
Operating lease right-of-use assets, net 379 573
Other assets 39 39
Total assets 30,630 23,021
Current liabilities:    
Accounts payable 3,011 3,580
Accrued expenses and other current liabilities 6,051 3,825
Current maturities of long-term debt 0 9
Operating lease liabilities, current 437 454
Total current liabilities 9,499 7,868
Long-term debt, less current maturities, net 11,397 683
Related party notes payable 3,895 3,895
Operating lease liabilities 0 203
Warrant liability 187 103
Earnout liability 2,410 2,210
Other liabilities 996 1,614
Total liabilities 28,384 16,576
Commitments and contingencies (Notes 6 and 7)
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 10,000 shares authorized; no shares issued and outstanding 0 0
Common stock, $0.0001 par value; 500,000 shares authorized as of June 30, 2026 and December 31, 2025, respectively; 13,769 and 11,902 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 1 1
Additional paid-in capital 69,745 59,468
Accumulated deficit (67,500) (53,024)
Total stockholders’ equity 2,246 6,445
Total liabilities and stockholders’ equity $ 30,630 $ 23,021