v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 959 $ 512
Accounts receivable, net 3,196 2,614
Inventories, net 4,151 3,748
Vendor deposits 1,070 377
Loan receivable 0 6,592
Prepaid expenses and other current assets 833 860
Total current assets 10,209 14,703
Property and equipment, net 625 379
Right-of-use-assets 254 317
Intangible assets, net 15,950 7,863
Long-term inventories, net 4,055 3,583
Vendor deposits long term 1,825 1,825
Goodwill 20,639 15,545
Other assets 2,961 2,628
Total Assets 56,518 46,843
Current liabilities:    
Accounts payable 8,190 8,981
Accrued expenses and other current liabilities 4,955 4,849
Operating lease liability, current portion 130 159
Deferred revenue 4,444 1,317
Loans payable 11,325 8,823
Derivatives 519 243
Mandatorily redeemable Series D convertible preferred stock 9,543 0
Convertible notes payable, net 10,035 6,913
Total current liabilities 49,141 31,285
Operating lease liability, net of current portion 134 171
Other long term liabilities 3,870 1,753
Warrant liabilities 29 408
Loans payable - long-term 0 1,794
Convertible notes payable non current, net 0 2,738
Total liabilities 53,174 38,149
Commitments and contingencies (Note 15)
Stockholders' equity    
Common stock, par value $0.0001; 900,000,000 shares authorized; 514,467 and 43,930 shares issued and outstanding as of June 30, 2026 and December 31, 2025. 2 0
Additional paid-in capital 246,625 233,817
Treasury stock, at cost (199) 0
Accumulated other comprehensive income (2) 113
Accumulated deficit (245,389) (227,542)
Total stockholders' equity 3,344 6,390
Total liabilities, preferred stock and stockholders' equity 56,518 46,843
Series A Convertible Preferred Stock [Member]    
Stockholders' equity    
Preferred stock value 1 1
Series B Convertible Preferred Stock [Member]    
Stockholders' equity    
Preferred stock value 0 0
Series C Convertible Preferred Stock [Member]    
Stockholders' equity    
Preferred stock value 2 1
Series E Convertible Preferred Stock [Member]    
Current liabilities:    
Series E convertible preferred stock, par value $0.0001; 1,300,000 shares authorized, issued and outstanding as of June 30, 2026 and December 31, 2025. 0 2,304
Stockholders' equity    
Preferred stock value $ 2,304 $ 0