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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 30,292 $ 49,669
Accounts receivable, net 55,659 48,335
Other receivables 276 346
Inventories 15,786 10,039
Prepaid expenses and other current assets 2,779 4,029
Total current assets 104,792 112,418
Property and equipment, net 10,854 11,888
Operating right of use assets 23,887 25,782
Intangible assets, net 12,449 14,810
Goodwill 7,230 7,230
Other assets 586 589
Total assets 159,798 172,717
Current liabilities:    
Accounts payable 34,933 24,324
Current portion of operating lease liabilities 6,953 6,798
Accrued expenses and other current liabilities 22,892 21,093
Total current liabilities 64,778 52,215
Operating lease liabilities 21,179 23,223
Derivative warrant liabilities 112 17
Conversion option derivative liabilities 7,681 385
Long-term debt, net of unamortized debt issuance costs 75,023 93,131
Other non-current liabilities 10 125
Deferred income taxes liability 0 32
Total liabilities 168,783 169,128
Commitments and contingencies (Note 15) 0 0
Stockholders’ equity (deficit):    
Common Stock, $0.0001 par value, authorized 500,000,000 shares; 95,013,596 shares issued and 93,279,822 shares outstanding at June 30, 2025 and 77,470,886 shares issued and 75,737,112 shares outstanding at December 31, 2024 9 8
Series A Convertible Preferred Stock, $0.0001 par value, authorized 10,000,000 shares; 193,706 shares issued and outstanding at June 30, 2025 and 165,045 shares issued and outstanding at December 31, 2024 0 0
Additional paid-in capital 239,432 215,413
Treasury Stock at cost, 1,733,774 shares at June 30, 2025 and December 31, 2024 (1,019) (1,019)
Accumulated deficit (247,407) (210,813)
Total stockholders’ equity (deficit) (8,985) 3,589
Total liabilities and stockholders’ equity (deficit) $ 159,798 $ 172,717