XML 22 R3.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 7,608 $ 8,007
Accounts receivable – trade, net of allowances for credit losses of $831 and $394 21,439 18,325
Inventories, net of reserves 28,190 43,265
Prepaid expenses and other current assets 8,960 8,785
Total current assets 66,197 78,382
Property and equipment, net of accumulated depreciation 2,085 2,134
Operating lease right of use asset 7,844 8,055
Intangible assets, net of accumulated amortization 22,326 25,944
Other assets 749 790
Total assets 99,201 115,305
Current liabilities:    
Accounts payable and accrued expenses 11,720 24,176
Short-term debt 39,034 37,148
Operating lease liabilities, current 1,904 2,018
Deferred revenues, current 9,496 9,015
Derivative liabilities 52 1
Other short-term liabilities 4,532 4,682
Total current liabilities 66,738 77,040
Deferred revenues, non-current 15,349 15,158
Deferred tax liabilities, net 870 901
Operating lease liabilities, non-current 6,489 6,428
Other long-term liabilities 1,875 165
Total liabilities 91,321 99,692
Commitments and contingencies (Note 14)
Mezzanine equity:    
Total mezzanine equity 28,509 28,509
Stockholders’ deficit:    
Preferred stock, $0.0001 par value, 50,000,000 shares authorized; 167,972 shares issued and outstanding 0 0
Common stock, $0.0001 par value, 3,750,000 shares authorized; 2,649,936 and 1,970,615 Class A shares issued and outstanding, respectively 0 0
Additional paid-in capital 118,994 119,487
Accumulated deficit (140,572) (132,610)
Accumulated other comprehensive income 949 227
Total stockholders’ deficit (20,629) (12,896)
Total liabilities and stockholders’ equity 99,201 115,305
Preferred stock Series B    
Mezzanine equity:    
Total mezzanine equity 16,146 16,146
Preferred stock Series C    
Mezzanine equity:    
Total mezzanine equity $ 12,363 $ 12,363