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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Net revenue $ 68,975 $ 99,045
Cost of goods sold 29,825 37,550
Gross profit 39,150 61,495
Operating expenses:    
Selling and Marketing Expense 41,455 55,979
General and Administrative Expense 11,846 17,339
Impairment loss on intangibles 3,822 [1],[2] 0
Total operating expenses 57,123 73,318
Operating loss (17,973) (11,823)
Interest expense, net 851 949
Change in fair value of warrant liabilities (109) (924)
Other expense, net 228 61
Loss before income taxes (18,943) (11,909)
Provision (benefit) for income taxes 41 (47)
Net loss $ (18,984) $ (11,862)
Net loss per share, basic and diluted (in dollars per share) $ (2.39) $ (1.68)
Weighted-average number of shares outstanding, basic and diluted (in shares) 7,932,889 7,069,404
[1] As of December 31, 2025, the weighted-average remaining amortization period for Trademarks and Customer Relationships was 5.25 years and 5.33 years, respectively. The weighted-average remaining amortization period for total intangibles was 5.28 years.
[2] In December 2025, the Company announced that its Board of Directors had initiated a process to explore strategic alternatives to maximize shareholder value. This announcement constituted a triggering event under ASC 350, Intangibles—Goodwill and Other, requiring the Company to perform an interim impairment assessment of its definite-lived brand intangible assets. The Company estimated the fair value of its definite-lived brand assets using market-based inputs, including indicative valuations from market participants obtained during the strategic alternative process. Based on this assessment, the Company determined that the carrying value of certain brand intangible assets exceeded their estimated fair value. Accordingly, the Company recorded a non-cash impairment charge of approximately $3.8 million during the fourth quarter of 2025. The impairment charge is included within impairment loss on intangibles on the Consolidated Statement of Operations.