v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash $ 2,410 $ 10,424
Accounts receivable, net of allowance of $1,060 and $980, respectively 3,107 2,317
Inventory, net 6,992 8,046
Prepaid expenses and other current assets 1,153 673
Total current assets 13,662 21,460
Property and equipment, net of accumulated depreciation of $864 and $785, respectively 1,137 1,231
Intangible assets 650 650
Total assets 15,449 23,341
Current liabilities:    
Accounts payable 6,200 3,496
Accrued expenses 634 669
Deferred revenue 51
Senior secured loan, net of deferred financing costs of $23 and $68, respectively 9,227 9,182
Current portion of lease liabilities 35 40
Total current liabilities 16,147 13,387
Lease liabilities, less current portion 787 803
Total liabilities 16,934 14,190
Stockholders’ equity (deficiency):    
Series A Convertible Preferred stock, $10 par value, 500,000 shares authorized, 9,411 shares issued and outstanding 94 94
Common stock, $.0001 par value, 60,000,000 shares authorized; 11,857,086 and 11,820,429 shares issued and outstanding, respectively 5 5
Additional paid in capital 176,884 176,783
Accumulated deficit (178,468) (167,731)
Total stockholders’ equity (deficiency): (1,485) 9,151
Total liabilities and stockholders’ equity (deficiency): $ 15,449 $ 23,341