v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 4,302 $ 9,370
Accounts receivable – trade, net of allowances for credit losses of $1,051 and $1,055 15,574 15,358
Inventories, net of reserves 33,014 38,126
Prepaid expenses and other current assets 9,777 6,624
Total current assets 62,667 69,478
Property and equipment, net of accumulated depreciation 1,612 1,770
Operating lease right of use asset 6,305 7,009
Intangible assets, net of accumulated amortization 12,078 17,080
Deferred tax assets, net 793 1,472
Other assets 895 734
Total assets 84,350 97,543
Current liabilities:    
Accounts payable and accrued expenses - related party 16,851 26,485
Short-term debt 34,129 1,274
Operating lease liabilities, current 1,492 1,741
Deferred revenues, current 8,834 9,273
Other short-term liabilities 4,767 3,598
Total current liabilities 66,707 42,852
Deferred revenues, non-current 13,876 14,849
Long-term debt 0 32,877
Operating lease liabilities, non-current 5,150 5,650
Other long-term liabilities 40 60
Total liabilities 85,773 96,288
Stockholders’ (deficit) equity:    
Common stock, $0.0001 par value, 694,445 shares authorized; 667,348 and 228,335 Class A shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 0 0
Additional paid-in capital 158,762 155,123
Accumulated deficit (162,436) (156,420)
Accumulated other comprehensive income 2,251 2,552
Total stockholders’ (deficit) equity (1,423) 1,255
Total liabilities and stockholders’ (deficit) equity 84,350 97,543
Nonrelated Party    
Current liabilities:    
Accounts payable and accrued expenses - related party 14,284 22,786
Derivative liabilities - related party 0 5
Related Party    
Current liabilities:    
Accounts payable and accrued expenses - related party 2,567 3,699
Derivative liabilities - related party 634 476
Preferred Series A    
Stockholders’ (deficit) equity:    
Preferred stock, value, issued 0 0
Preferred Series B    
Stockholders’ (deficit) equity:    
Preferred stock, value, issued $ 0 $ 0