v3.26.1
SEGMENT INFORMATION
 6 Months Ended
Jun. 30, 2026
Segment Information [Abstract]  
SEGMENT INFORMATION
9.
SEGMENT INFORMATION

The Company operates as a single operating segment. The Company’s chief operating decision maker is one individual and has the role of Chief Executive Officer (the “CODM”). The CODM reviews financial information including operating results and assets on a company-wide basis, accompanied by disaggregated information about the Company’s revenue. For information about how the Company derives revenue, as well as the Company’s accounting policies, refer to Note 3.

The CODM uses multiple measures of performance including net income (loss) to assess performance, evaluate cost optimization, and allocate financial, capital and personnel resources. Asset information is not presented as the CODM does not use asset information for purposes of making operating decisions, allocating resources, and evaluating financial performance.

The following table sets forth significant expense categories and other specified amounts included in net income (loss) that are reviewed by the CODM, or are otherwise regularly provided to the CODM, for the three and six months ended June 30, 2026 and 2025 (in thousands):

 

 

Three months ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Net revenues

 

$

23,217

 

 

$

21,228

 

 

$

49,145

 

 

$

44,559

 

Less:

 

 

 

 

 

 

 

 

 

 

 

 

Inventory and product costs

 

 

19,498

 

 

 

18,511

 

 

 

42,039

 

 

 

39,060

 

Employee compensation expense

 

 

2,196

 

 

 

621

 

 

 

4,218

 

 

 

1,210

 

Stock-based compensation

 

 

486

 

 

 

—

 

 

 

989

 

 

 

—

 

Depreciation and amortization expense

 

 

126

 

 

 

51

 

 

 

218

 

 

 

101

 

Other costs and expenses (1)

 

 

3,481

 

 

 

1,263

 

 

 

6,887

 

 

 

3,363

 

Interest income, net

 

 

(760

)

 

 

(41

)

 

 

(1,561

)

 

 

(93

)

Net income (loss)

 

$

(1,810

)

 

$

823

 

 

$

(3,645

)

 

$

918

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)
Other costs and expenses primarily consists of legal and professional services, directors fees, shipping expenses, payment processing fees, and program and web development expenses.

As of June 30, 2026 and December 31, 2025, all of the Company’s property and equipment were maintained in the United States. For the six months ended June 30, 2026 and 2025, all of the Company’s revenues and expenses were generated and incurred in the United States.