v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 9,629,000 $ 12,240,000
Restricted cash 680,000 680,000
Accounts receivable, less allowance for credit losses of $168 and $435 as of June 30, 2026 and December 31, 2025, respectively 2,280,000 3,889,000
Inventory, net 38,175,000 39,065,000
Prepaid expenses and other current assets 5,724,000 3,948,000
Total current assets 56,488,000 59,822,000
Property, plant and equipment, net 19,547,000 22,470,000
Goodwill 3,226,000 3,130,000
Intangible assets, net 9,904,000 10,182,000
Operating lease right-of-use assets, net 20,373,000 21,872,000
Other assets 604,000 416,000
Total Assets 110,142,000 117,892,000
Current liabilities:    
Accounts payable 13,928,000 16,301,000
Accrued liabilities and other current liabilities 7,027,000 8,063,000
Deferred revenue 1,003,000 1,615,000
Warranty liability - current portion 2,768,000 3,183,000
Operating lease liability - current portion 1,312,000 3,616,000
Stock rights liability 0 6,074,000
Total current liabilities 44,288,000 38,852,000
Operating lease liability - long-term 20,652,000 18,777,000
Warranty liability - long-term 2,109,000 1,792,000
Total Liabilities 102,964,000 74,850,000
Commitments and contingencies
Stockholders’ Equity:    
Series A preferred stock, par value of $0.001 per share, 75,000,000 shares authorized, 0 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 0 0
Common stock, par value $0.001 per share, 36,000,000 shares authorized, 10,893,417 and 9,699,858 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 11,000 10,000
Additional paid-in capital 366,243,000 362,055,000
Accumulated deficit (359,076,000) (319,023,000)
Total stockholders’ equity 7,178,000 43,042,000
Total Liabilities and Stockholders’ Equity 110,142,000 117,892,000
Related Party    
Current liabilities:    
Customer order credit agreement - related party 18,250,000 0
Cash flow credit agreement - related party 30,000,000 10,000,000
Convertible notes at fair value - related party $ 5,915,000 $ 5,429,000