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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 10,237 $ 1,797
Accounts receivable, net of allowance of $1,147 and $1,237, respectively 3,329 3,314
Inventory 4,149 2,951
Prepaid expenses and other current assets 682 1,722
Total Current Assets 18,397 9,784
Non-Current Assets:    
Property, equipment and right of use assets, net 732 938
Intangible assets, net 3,730 4,434
Goodwill 7,260 7,260
Total Non-Current Assets 11,722 12,632
Total Assets 30,119 22,416
Current Liabilities:    
Senior secured debt 25,305 18,278
Convertible promissory notes payable   7,109
Accounts payable 3,728 5,705
Accrued expenses 4,678 5,999
Factoring liabilities 0 1,490
Warrant liability 8,107 14,447
Current portion of contract liabilities 193 92
Other 334 947
Total Current Liabilities 42,345 64,755
Non-Current Liabilities:    
Lease liabilities, less current portion 191 492
Contract liabilities, less current portion 300 347
Total Non-Current Liabilities 491 839
Total Liabilities 42,836 65,594
Commitments and Contingencies (Footnote 21)
STOCKHOLDERS’ DEFICIT    
Preferred stock, par value $0.001, 5,000,000 shares authorized, 6,175 Series A, 293 Series B, 90 Series C, and 8 Series D designated shares, respectively; no shares issues and outstanding at 2024 and 2023 0 0
Common stock, par value $0.001, 2,500,000,000 shares authorized, 8,543,686 and 3,041,492 issued and outstanding at 2024 and 2023, respectively * [1] 9 3
Additional paid-in capital 238,685 176,979
Accumulated deficit (251,421) (220,049)
Accumulated other comprehensive loss 10 (111)
Total Stockholders’ Deficit [2] (12,717) (43,178)
Total Liabilities and Stockholders’ Deficit 30,119 22,416
Nonrelated Party    
Current Liabilities:    
Convertible promissory notes payable 0 5,404
Asset-backed secured promissory notes payable 0 3,117
Accrued interest 0 5,444
Related Party    
Current Liabilities:    
Convertible promissory notes payable 0 1,705
Asset-backed secured promissory notes payable 0 1,458
Accrued interest $ 0 $ 669
[1]
* Reflects a one-for-three hundred seventy-five (1:375) reverse stock split of the outstanding shares of the Company's common stock effected on October 18, 2024.
[2] Reflects a one-for-three hundred seventy-five (1:375) reverse stock split of the outstanding shares of the Company's common stock effected on October 18, 2024.