v3.26.1
SUPPLEMENTAL FINANCIAL STATEMENT INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
SCHEDULE OF ACCOUNTS RECEIVABLE

Accounts receivable, net is as follows (in thousands):

 

SCHEDULE OF ACCOUNTS RECEIVABLE

   June 30, 2026   December 31, 2025 
   Period Ended 
   June 30, 2026   December 31, 2025 
Accounts receivable amortized cost  $211   $3,083 
Allowance for credit losses   (198)   (1,511)
Net accounts receivable  $13   $1,572 
SUMMARIZES THE CHANGES IN THE ALLOWANCE FOR CREDIT LOSSES FOR ACCOUNTS RECEIVABLE

The following table summarizes the changes in the allowance for credit losses for accounts receivable (in thousands):

 

SUMMARIZES THE CHANGES IN THE ALLOWANCE FOR CREDIT LOSSES FOR ACCOUNTS RECEIVABLE

   June 30, 2026   December 31, 2025 
Balance, beginning of period  $(1,511)  $(2,616)
Provision for expected credit losses, net   (1,251)   (1,974)
Write-offs   2,564    3,079 
Balance, end of period  $(198)  $(1,511)
SCHEDULE OF PROPERTY PLANT AND EQUIPMENT LESS DEPRECIATION AND AMORTIZATION

The following is a summary of our property and equipment, at costs less accumulated depreciation and amortization:

 

(in thousands)  Estimated useful life  June 30, 2026   December 31, 2025 
Furniture, equipment and software  3 - 7 years  $—   $7,879 
Leasehold improvements  Lesser of lease term or 5 years   —    33 
Property and equipment, gross      —    7,912 
Less: accumulated depreciation      —    7,659 
Property and equipment, net     $—   $253 
SCHEDULE OF OTHER CURRENT ASSETS

The following table summarizes the composition of other current assets as of the dates indicated:

 

(in thousands)  June 30, 2026   December 31, 2025 
Prepaid expenses  $1,109   $1,279 
Customs bonds   200    500 
Other   —    222 
Other current assets  $1,309   $2,001 
SCHEDULE OF ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

The following table summarizes the composition of accrued expenses and other current liabilities as of the dates indicated:

 

(in thousands)  June 30, 2026   December 31, 2025 
Legal contingencies accrual  $

91

   $500 
Accrued employee compensation   28    154 
Other accrued expenses   410    973 
Accrued expenses and other current liabilities  $529   $1,627