ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2026

Organization, Consolidation and Presentation of Financial Statements [Abstract]

SCHEDULE OF RECLASSIFICATION ADJUSTEMENTS

The following tables summarize the revisions made to the Company’s previously issued consolidated statements of cash flows for the periods presented below (in thousands):


	For the Six Months Ended June 30, 2025
	As Reported		Adjustment		As Revised
Cash flows from operating activities
Inventories	$	17,459	$	(2,747)	$	14,712

Cash flows from financing activities:
Net change in related party accounts payable-inventory financing	$	—	$	2,747	$	2,747


	For the year ended December 31, 2025
	As Reported		Adjustment		As Revised
Cash flows from operating activities
Accounts payable and accrued expenses - related party	$	3,699	$	(3,699)	$	—

Cash flows from financing activities:
Net change in related party accounts payable-inventory financing	$	—	$	3,699	$	3,699

The following table summarizes the amount of revenue recognized during the three and six months ended June 30, 2025 that was included in the deferred revenue balance at the beginning of the respective periods, as reported, as revised, and the adjustment (in thousands):


Recognized revenue that was included in the deferred revenue balance as of December 31, 2024	As Reported	Adjustment	As Revised

Three Months Ended June 30, 2025	$1,829	$486	$2,315
Six Months Ended June 30, 2025	$3,734	$972	$4,706

The following table

summarizes disaggregated revenue for the three and six months ended June 30, 2025, as reported, as revised, and the resulting difference (in thousands):


	Three Months Ended June 30, 2025			Six Months Ended June 30, 2025
	(in thousands)			(in thousands)
	As Reported	Adjustment	As Revised	As Reported	Adjustment	As Revised
Product revenue	$27,822	$459	$28,281	$49,465	$(1,165)	$48,300
Service revenue	3,030	(459)	2,571	3,810	1,165	4,975
Total revenues, net	$30,852	$—	$30,852	$53,275	$—	$53,275

SCHEDULE OF FINANCIAL LIABILITIES MEASURED ON A RECURRING BASIS

The following table sets forth, by level within the fair value hierarchy, the Company’s financial liabilities that were accounted for at fair value on a recurring basis as of June 30, 2026 and December 31, 2025 (in thousands):


Description	Markets for Identical Assets (Level 1)		Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Carrying Value as of June 30, 2026
Common Warrants Liabilities	$	—	$	—	$	2,002	$	2,002
Derivative liabilities - related party	—		—		634		634
Long-term incentive plan	$	—	$	—	$	101	$	101


Description	Markets for Identical Assets (Level 1)		Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Carrying Value as of December 31, 2025
Common Warrants Liabilities	$	—	$	—	$	2,002	$	2,002
Derivative liabilities - warrant instruments	—		—		5		5
Derivative liabilities - related party	—		—		476		476
Long-term incentive plan	$	—	$	—	$	205	$	205

SCHEDULE OF BEGINNING AND ENDING BALANCES OF WARRANT INSTRUMENT AND LONG-TERM INCENTIVE PLAN

The following tables reconcile the beginning and ending balances of the warrant instruments and long-term incentive plan within Level 3 of the fair value hierarchy, respectively:


	Common Warrants Liabilities (in thousands)		Derivative Liabilities (in thousands)		Related Party Derivative Liabilities (in thousands)		Long-term incentive plan (in thousands)
Balance, December 31, 2025	$	2,002	$	5	$	476	$	205
Issuance during period	—		—		—		163
Amount paid in period	—		—		—		(123)
Change in fair value	—		(5)		158		(144)
Balance, June 30, 2026	$	2,002	$	—	$	634	$	101

	Common Warrants Liabilities (in thousands)		Derivative Liabilities (in thousands)		Related Party Derivative Liabilities (in thousands)		Long-term incentive plan (in thousands)
Balance, December 31, 2024	$	—	$	1	$	—	$	358
Common warrants issuance on February 21, 2025	3,396		—		—		—
Reclass to accrued expenses	—		—		—		(225)
Change in fair value	(1,685)		51		—		(62)
Balance, June 30, 2025	$	1,711	$	52	$	—	$	71

SCHEDULE OF DISAGGREGATED REVENUE


	Three Months Ended June 30,		Six Months Ended June 30,
	(in thousands)		(in thousands)
	2026	2025 (as revised)	2026	2025 (as revised)
Product revenue	$23,368	$28,281	$43,298	$48,300


Service revenue	2,550	2,571	5,062	4,975


Total revenues, net	$25,918	$30,852	$48,360	$53,275

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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