XML 28 R11.htm IDEA: XBRL DOCUMENT v3.26.1
Balance Sheet Components
 12 Months Ended
Dec. 31, 2025
Supplemental Balance Sheet Disclosures [Abstract]  
Balance Sheet Components Balance Sheet Components
Inventory
Inventory consisted of the following as of December 31, 2025 and 2024:
(in thousands)December 31,
2025		December 31,
2024
Finished goods$40,525 $47,739 
Reserve to reduce inventories to net realizable value(1,650)(3,618)
Total inventory$38,875 $44,121 
Property and Equipment - Net
Property and equipment consisted of the following as of December 31, 2025 and 2024:
(in thousands)December 31,
2025		December 31,
2024
Leasehold improvements$17,604 $19,364 
Furniture and fixtures10,695 15,217 
Internal-use software27,667 25,082 
Machinery and equipment640 640 
Computers and equipment2,144 2,169 
Total property and equipment - gross58,750 62,472 
Less: accumulated depreciation and amortization(48,237)(44,647)
Total property and equipment - net$10,513 $17,825 
Depreciation and amortization expense for the years ended December 31, 2025 and 2024 was $8.0 million and $12.4 million, respectively, recognized as selling, general, and administrative expense in the consolidated statements of operations and comprehensive loss.
Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets consisted of the following as of December 31, 2025 and 2024:
(in thousands)December 31,
2025		December 31,
2024
Prepaid expenses$3,403 $4,910 
Inventory returns receivable501 798 
Security deposits185 150 
Tax receivable4,537 5,461 
Other receivables— 1,366 
Deferred offering costs
224 — 
Restricted cash862 851 
Total prepaid expenses and other current assets
$9,712 $13,536 
Other Assets
Other assets consisted of the following as of December 31, 2025 and 2024:
(in thousands)December 31,
2025		December 31,
2024
Investment in equity securities$— $200 
Security deposits748 1,609 
Intangible assets75 42 
Debt issuance costs2,407 — 
Deferred tax assets509 563 
Total other assets$3,739 $2,414 
Investments in equity securities
On November 20, 2020, we entered into an agreement to make a minority equity investment of $2.0 million in Natural Fiber Welding, Inc. in exchange for 201,207 shares of Series A-3 Preferred Stock. Our investment is carried at cost, less any impairment, plus or minus changes resulting from observable price changes in orderly transactions for an identical or similar investment of the same issuer. Throughout the year, we assess whether impairment indicators exist to trigger an impairment analysis. In the fourth quarter of 2024, we recorded an impairment charge of $1.8 million in the consolidated statements of operations and comprehensive loss for the year ended December 31, 2024. In the third quarter of 2025, we recorded an impairment charge of $0.2 million in the consolidated statements of operations and comprehensive loss for the year ended December 31, 2025.
Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consisted of the following as of December 31, 2025 and 2024:
(in thousands)December 31,
2025		December 31,
2024
Sales-refund reserve$1,494 $2,259 
Taxes payable1,052 1,092 
Employee-related liabilities1,349 3,857 
Accrued expenses10,506 11,613 
Total accrued expenses and other current liabilities$14,401 $18,821