Acquisition (Tables)

6 Months Ended

Jun. 30, 2025

Business Combinations [Abstract]

Schedule of Consideration Transferred and Recognized Amounts of Identifiable Assets Acquired and Liabilities Assumed

Consideration	(in thousands)
Cash Paid to Seller		30
Common stock issued		1,015
Series B preferred stock issued		2,954
Payoff of Vertical debt (plus accrued interest)		1,447
Retirement of Vertical Debt (including fees)		9,379
Fair value of earn-out consideration		1,300
Total		16,125

(in thousands)	Preliminary Purchase Price Allocation as of February 2, 2024 (a)			Measurement Period Adjustments (b)			Purchase Price Allocation as of February 2, 2024 (a) (as adjusted)
Cash	$	50		$	—		$	50
Accounts receivable, net of allowances		134			(8	)		126
Inventories, net		3,490			70			3,560
Vendor deposits		61			—			61
Prepaid expenses and other current assets		63			—			63
Property and equipment, net		139			—			139
Right-of-use-assets		412			—			412
Other assets		30			200			230
Goodwill		13,165			55			13,220
Intangible assets, net		6,900			(700	)		6,200
Total assets acquired	$	24,444		$	(383	)	$	24,061
Accounts payable		(3,557	)		326			(3,231	)
Accrued expenses and other current liabilities		(2,438	)		163			(2,275	)
Operating lease liability, current portion		(263	)		—			(263	)
Deferred revenue		(261	)		160			(101	)
Loan payable		(1,887	)		—			(1,887	)
Operating lease liability, net of current portion		(179	)		—			(179	)
Net assets acquired	$	15,859		$	266		$	16,125

(a) As previously reported in the Company’s Quarterly Report on Form 10-Q for the three months ended March 31, 2024.

(b) The adjustments to goodwill resulted from finalization of assets acquired and liabilities assumed as the Company obtained additional information during the measurement period. The purchase price allocation period closed as of December 31, 2024.

Schedule of Unaudited Financial Information

The following unaudited pro forma summary presents condensed consolidated information of the Company, including CLMBR as if the. acquisition had occurred as of January 1, 2024, the earliest year presented herein:

	Proforma
	Three Months Ended June 30,			Six Months Ended June 30,
	2024			2024
	(in thousands)
Revenue	$	621		$	1,094
Operating Loss		(7,882	)		(17,514	)
Net Loss		(10,637	)		(22,245	)
Net loss per share – basic and diluted	$	(17,476.24	)	$	(43,305.68	)
Weighted average common stock outstanding – basic    and diluted		609			514

The following unaudited condensed consolidated results of operations included in the condensed consolidated statements of loss for the three and six months ended June 30, 2024.

	Three Months Ended June 30,			Six Months Ended June 30,
	2024			2024
Revenue	$	426		$	693
Operating Loss		(639	)		(812	)
Net Loss		(830	)		(1,109	)