v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 6,611 $ 24,886
Accounts receivable, net of allowance for expected credit losses of $179 and $159, respectively 26,865 25,086
Inventories 20,513 7,726
Prepaid expenses and other current assets 8,610 6,389
Total current assets 62,599 64,087
Property, plant and equipment, net of accumulated depreciation of $11,897 and $26,063, respectively 1,257 1,087
Intangible assets, net of accumulated amortization of $37,098 and $32,336, respectively 23,427 20,676
Goodwill 3,949 3,949
Operating lease right-of-use assets 2,794 3,451
Other assets 669 557
Total assets 94,695 93,807
Current liabilities:    
Accounts payable 36,924 23,583
Accrued expenses and other current liabilities 30,727 24,856
Total current liabilities 67,651 48,439
Long-term liabilities:    
Operating lease liabilities 2,169 2,910
Deferred tax liabilities, net 195 186
Working Capital Facility 7,642 0
2029 Senior Secured Notes, net 50,166 41,611
Other long-term liabilities 3,448 4,705
Total liabilities 131,271 97,851
Commitments and contingencies (Note 9.)
Preferred stock, par value $0.001; 2,000,000 shares authorized:    
Preferred stock, par value $0.001; 39,500 shares designated, no shares outstanding as of September 30, 2026, 25,000 issued and outstanding as of December 31, 2025 (aggregate liquidation preference of $41,966 as of December 31, 2025) 0 0
Common stock, par value $0.001; 150,000,000 shares authorized, 16,502,329 and 15,388,978 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively 16 15
Additional paid-in capital 877,307 903,899
Accumulated other comprehensive income (loss) 439 403
Accumulated deficit (914,338) (908,361)
Total stockholders’ deficit (36,576) (4,044)
Total liabilities and stockholders’ deficit $ 94,695 $ 93,807