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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 8,007 $ 17,253
Accounts receivable – trade, net of allowances of $394 and $421, respectively 18,325 32,668
Inventories, net of reserves 43,265 44,131
Prepaid expenses and other current assets 8,785 9,528
Total current assets 78,382 103,580
Property and equipment, net of accumulated depreciation 2,134 2,477
Operating lease right of use asset 8,055 8,846
Intangible assets, net of accumulated amortization 25,944 45,964
Other assets 790 906
Total assets 115,305 161,773
Current liabilities:    
Accounts payable and accrued expenses 24,176 32,899
Short-term debt 37,148 1,037
Operating lease liabilities, current 2,018 1,827
Deferred revenues, current 9,015 8,698
Derivative liabilities 1 205
Other short-term liabilities 4,682 4,768
Total current liabilities 77,040 49,434
Deferred revenues, non-current 15,158 16,347
Long-term debt 0 39,134
Deferred tax liabilities, net 901 4,316
Operating lease liabilities, non-current 6,428 7,282
Other long-term liabilities 165 0
Total liabilities 99,692 116,513
Commitments and contingencies (Note 15)
Mezzanine equity:    
Total mezzanine equity 28,509 28,509
Stockholders’ equity:    
Preferred stock, $0.0001 par value, 50,000,000 shares authorized; 167,972 and 167,972 shares issued and outstanding, at December 31, 2024 and 2023, respectively 0 0
Common stock, $0.0001 par value, 3,750,000 shares authorized; 1,970,615 and 1,940,900 Class A shares issued and outstanding at December 31, 2024 and 2023, respectively 0 0
Additional paid-in capital 119,487 119,725
Accumulated deficit (132,610) (104,275)
Accumulated other comprehensive income 227 1,301
Total stockholders’ (deficit) equity (12,896) 16,751
Total liabilities and stockholders’ equity 115,305 161,773
Preferred Series B    
Mezzanine equity:    
Total mezzanine equity 16,146 16,146
Preferred Series C    
Mezzanine equity:    
Total mezzanine equity $ 12,363 $ 12,363