Note 4 - Balance Sheet Components

6 Months Ended

Jun. 30, 2026

4.	Balance Sheet Components

Property and Equipment- Net

Property and equipment consisted of the following as of June 30, 2026 and December 31, 2025:

	June 30,			December 31,
(in thousands)	2026			2025
Leasehold improvements	$	584		$	17,604
Furniture and fixtures		135			10,695
Internal-use software		763			27,667
Machinery and equipment		—			640
Computers and equipment		—			2,144
Total property and equipment - gross		1,482			58,750
Less: accumulated depreciation and amortization		(1,482	)		(48,237	)
Total property and equipment - net	$	—		$	10,513

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following as of June 30, 2026 and December 31, 2025:

	*June 30,*		*December 31,*
(in thousands)	*2026*		*2025*
Prepaid expenses	$	756	$	3,403
Inventory returns receivable		—		501
Security deposits		275		185
Restricted cash		1,210		862
Deferred offering costs		—		224
Taxes receivable		285		4,537
Total prepaid expenses and other current assets	$	2,526	$	9,712

Other Assets

Other assets consisted of the following as of June 30, 2026 and December 31, 2025:

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following as of June 30, 2026 and December 31, 2025:

	*June 30,*		*December 31,*
(in thousands)	*2026*		*2025*
Taxes payable	$	1,020	$	159
Employee-related liabilities		6,810		466
Other accrued expenses		34		609
Total accrued expenses and other current liabilities	$	7,864	$	1,234