XML 53 R31.htm IDEA: XBRL DOCUMENT v3.25.1
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
SCHEDULE OF ERROR CORRECTIONS AND PRIOR PERIOD ADJUSTMENTS
A summary of immaterial corrections to the Company’s previously issued consolidated balance sheet are as follows (in thousands):
12/31/2023
As reportedAdjustmentsAs revised
Accounts receivable – trade, net of allowances$29,523 $3,145 $32,668 
Prepaid expenses and other current assets9,471 57 9,528 
Total assets158,571 3,202 161,773 
Other short-term liabilities1,566 3,202 4,768 
Total current liabilities46,232 3,202 49,434 
Total liabilities113,311 3,202 116,513 
Total stockholders’ (deficit) equity158,571 3,202 161,773 
A summary of immaterial corrections to the Company’s previously issued consolidated statements of cash flows are as follows (in thousands):

December 31, 2023
As reportedAdjustmentsAs revised
Change in allowance for sales returns and volume rebate$1,356 $74 $1,430 
  Accounts receivable – trade781 (18)763 
  Prepaid expenses and other current assets
(1,874)(56)(1,930)
SCHEDULE OF FINANCIAL LIABILITIES MEASURED ON A RECURRING BASIS
The following tables set forth, by level within the fair value hierarchy, the Company’s financial liabilities that were accounted for at fair value on a recurring basis as of December 31, 2024 and 2023 (in thousands):
DescriptionMarkets for
Identical
Assets
(Level 1)
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Carrying
Value as of
December 31,
2024
Derivative liabilities - warrant instruments— — $$
Long-term incentive plan$— $— $358 $358 
DescriptionMarkets for
Identical
Assets
(Level 1)
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Carrying
Value as of
December 31,
2023
Derivative liabilities - warrant instruments$— $— $205 $205 
SCHEDULE OF DERIVATIVE INSTRUMENTS
The following tables reconcile the beginning and ending balances of the warrant instruments and long-term incentive plan within Level 3 of the fair value hierarchy, respectively:
Derivative Liabilities
(in thousands)
Long-term incentive plan
 (in thousands)
Balance, December 31, 2023$205 $— 
Change in fair value(204)358
Balance, December 31, 2024$$358 
(in thousands)(in thousands)
Balance, December 31, 2022$472 $— 
Change in fair value(267)— 
Balance, December 31, 2023$205 $— 
SCHEDULE OF DISAGGREGATED REVENUE
Year Ended
December 31,
(in thousands)
20242023
Product revenues:  
Hardware$124,378 $163,948 
Software and embedded firmware1,198 2,402 
Service revenues:  
Professional services903 1,480 
Maintenance and subscription services9,414 8,891 
$135,893 $176,721