v3.26.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Dec. 31, 2024
Current assets:      
Cash $ 4,225 $ 3,010 $ 2,287
Restricted cash 316 300
Accounts receivable, net 2,639 2,225 1,351
Inventory, net 7,393 7,670 8,566
Prepaid expenses 615 305 640
Total current assets 14,872 13,526 13,144
Property and equipment, net 1,969 2,130 1,972
Intangible assets 679 669 696
Right-of-use assets, operating leases 3,731 3,972 4,451
Right-of-use assets, finance leases 689 752 881
Other long-term assets 141 142 141
Total assets 22,081 21,191 21,285
Current liabilities:      
Accounts payable 7,083 7,890 5,245
Customer deposits 1,421 3,084 1,103
Notes payable, current portion 318 273 302
Accrued and other current liabilities 4,048 3,619 2,352
Lease liability, operating leases 582 521 386
Lease liability, finance leases 169 175 154
Total current liabilities 13,621 15,562 9,542
Non-current liabilities:      
Notes payable, net of current portion 503 457 427
Convertible debt 362 339
Convertible debentures payable (at fair value) 52,388 43,746 38,176
Common stock purchase warrants liability 24,521 21,936 20,013
Lease liability, operating leases net of current portion 3,737 4,049 4,597
Lease liability, finance leases net of current portion 367 446 628
Other liabilities 3,655 3,657 3,640
Total liabilities 99,154 90,192 77,023
Commitments and contingencies (Note 13)
Stockholders’ deficit:      
Common stock, $0.001 par value, 40 million shares authorized; 13,253,701 and 13,168,701 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively. 13 13 13
Additional paid-in capital 23,543 22,513 20,654
Accumulated losses (100,629) (91,527) (76,405)
Total stockholders’ deficit (77,073) (69,001) (55,738)
Total liabilities and stockholders’ deficit $ 22,081 $ 21,191 $ 21,285