v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Cash and cash equivalents $ 24,192 $ 17,973
Restricted cash 368 50
Accounts receivable, net 14,482 8,858
Inventory 21,472 23,574
Prepaid expenses and other current assets 2,842 2,955
Total current assets 63,356 53,410
Property and equipment, net 8,881 9,586
Operating lease right-of-use assets, net 3,041 3,250
Intangible assets, net 37,397 39,470
Goodwill 24,681 24,681
Total assets 137,356 130,397
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Accounts payable 5,853 2,986
Accrued expenses 20,745 15,364
Contingent consideration 1,000 2,200
Operating lease liabilities, current portion 645 635
Deferred revenue, current portion 729 966
Total current liabilities 31,959 25,993
Operating lease liabilities, net of current portion 2,550 2,752
Deferred revenue, net of current portion 1,093 1,280
Convertible notes payable - related party 43,321 31,441
Venture loan and security agreement, net 26,593 0
Total liabilities 138,857 91,516
Commitments and contingencies (Note 11)
STOCKHOLDERS’ EQUITY    
Common stock, value 0 0
Additional paid in capital 109,705 103,675
Accumulated other comprehensive income 2,078 0
Accumulated deficit (113,284) (64,794)
Total stockholders' (deficit) equity (1,501) 38,881
Total liabilities and stockholders' equity 137,356 130,397
Preferred stock series A    
STOCKHOLDERS’ EQUITY    
Preferred stock, value 0 0
Preferred stock series C    
STOCKHOLDERS’ EQUITY    
Preferred stock, value 0 0
Nonrelated Party    
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Other liabilities 1,527 1,963
Other long-term liabilities 20,406 18,908
Related Party    
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Other liabilities 1,460 1,879
Convertible notes payable - related party 43,321 31,441
Other long-term liabilities 12,935 11,142
Total liabilities $ 57,716 $ 44,462