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SEGMENTS
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
SEGMENTS SEGMENTS
Information about our Company’s operations by operating segment is shown in the following tables (in thousands):
Year Ended
December 31, 2024
AmericasEMEARest of World
Eliminations and Adjustments (1)
Total
Revenues, net$65,514 $73,858 $593 $(4,072)$135,893 
Less (2)
Cost of sales41,024 50,770 399(3,241)88,952 
Segment gross profit24,490 23,088 194 (831)46,941 
Less (2)
General and administrative expenses29,633 32,207 4252062,285 
Interest expense10,243 9 — — 10,252 
Income tax expense(2,430)585 (64)— (1,909)
Other segment items (3)
3,991 1,369 — (712)4,648 
Net Loss$(16,947)$(11,082)$(167)$(139)$(28,335)
(1) Eliminations and adjustments represent net sales between the Americas, EMEA and Rest of World segments. Sales between these segments are generally valued at market.
(2) The significant expense categories and amounts align with the segment-level information that is regularly provided to the Chief Operating Decision Maker.
(3) Other Segment items for reach reportable segment includes:
Research and development - consists primarily of personnel related costs, prototype and sample costs, design costs, and global product certifications mostly for wireless certifications.
Other Expense - consists of interest expense associated with our debt financing arrangements, (gains) or losses on settlements of debt, and the effects of changes in the fair value of derivative liabilities.
Year Ended
December 31, 2023
AmericasEMEARest of World
Eliminations and Adjustments (1)
Total
Revenues, net$95,990 $88,256 $2,949 $(10,474)$176,721 
Less (2)
Cost of sales57,873 63,597 1,640 (9,691)113,419 
Segment gross profit38,117 24,659 1,309 (783)63,302 
Less (2)
General and administrative expenses35,814 25,107 422 (91)61,252 
Impairment of goodwill17,344 8,183 — (332)25,195 
Interest expense10,821 19 — — 10,840 
Income tax expense772 818 276— 1,866 
Other segment items (3)
3,278 476 — (449)$3,305 
Net Loss$(29,912)$(9,944)$611 $89 $(39,156)
(1) Eliminations and adjustments represent net sales between the Americas, EMEA and Rest of World segments. Sales between these segments are generally valued at market.
(2) The significant expense categories and amounts align with the segment-level information that is regularly provided to the Chief Operating Decision Maker.
(3) Other Segment items for reach reportable segment includes:
Research and development - consists primarily of personnel related costs, prototype and sample costs, design costs, and global product certifications mostly for wireless certifications.
Other Expense - consists of interest expense associated with our debt financing arrangements, (gains) or losses on settlements of debt, and the effects of changes in the fair value of derivative liabilities.
December 31,
2024		December 31,
2023
Identifiable Assets
Americas$50,318 $72,638 
EMEA63,863 86,045 
Rest of World1,124 3,090 
Total Identifiable Assets$115,305 $161,773