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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 13,221 $ 39,596
Accounts receivable, net of allowance for expected credit losses of $232 and $123, respectively 24,070 13,803
Inventories 15,045 13,575
Prepaid expenses and other 3,847 5,926
Total current assets 56,183 72,900
Property, plant and equipment, net of accumulated depreciation of $29,286 and $28,897, respectively 909 1,102
Intangible assets, net of accumulated amortization of $35,045 and $33,558, respectively 19,243 18,747
Goodwill 3,949 3,949
Operating lease right-of-use assets 2,328 2,855
Other assets 460 446
Total assets 83,072 99,999
Current liabilities:    
Accounts payable 22,404 18,433
Accrued expenses and other current liabilities 23,838 30,133
2025 Convertible Notes, net 0 14,905
Total current liabilities 46,242 63,471
Long-term liabilities:    
Operating lease liabilities 1,886 2,627
Deferred tax liabilities, net 180 174
2029 Senior Secured Notes, net 41,721 41,830
Other long-term liabilities 3,539 4,755
Total liabilities 93,568 112,857
Commitments and contingencies (Note 10.)
Stockholders’ deficit:    
Preferred stock, par value $0.001; 2,000,000 shares authorized, Preferred stock, par value $0.001; 39,500 shares designated, 25,000 shares issued and outstanding as of both June 30, 2025 and December 31, 2024 (aggregate liquidation preference of $40,140 as of June 30, 2025) 0 0
Common stock, par value $0.001; 150,000,000 shares authorized, 15,042,827 and 14,990,712 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 15 15
Additional paid-in capital 897,591 892,534
Accumulated other comprehensive loss 333 218
Accumulated deficit (908,435) (905,625)
Total stockholders’ deficit (10,496) (12,858)
Total liabilities and stockholders’ deficit $ 83,072 $ 99,999