v3.26.1
MERGER AND RELATED TRANSACTIONS (Tables)
 6 Months Ended
Jun. 30, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Identifiable Assets Acquired and Liabilities Assumed
The following table summarizes the fair value of purchase consideration for the Merger and the preliminary allocation of the purchase price to the identifiable assets acquired and liabilities assumed, based on their estimated fair values as of the acquisition date:
(in thousands)Purchase Price Allocation
Cash and cash equivalents$10,430 
Accounts receivable377 
Inventory24,642 
Prepaid expenses and other current assets4,679 
Property and equipment21,578 
Goodwill3,226 
Intangible assets10,200 
Operating leases right-of-use assets21,691 
Other assets416 
Accounts payable(9,758)
Accrued liabilities and other liabilities(13,392)
Stock rights liability(7,112)
Convertible note(5,412)
Operating lease liability(22,051)
Total purchase consideration$39,514 
Schedule of Business Combination, Pro Forma Information
The following unaudited pro forma summary presents consolidated information of the Company as if the business combination had occurred on January 1, 2025.
(in thousands)Three Months Ended June 30, 2025Six Months Ended June 30, 2025
Revenue$6,420 $8,206 
Net loss(24,334)(52,128)