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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 86,737 $ 151,892
Accounts receivable, net of allowance of $135 and $0, respectively 13,982 25,858
Inventories 15,477 22,234
Prepaid expenses and other current assets 4,070 6,178
Total current assets 120,266 206,162
RESTRICTED CASH 1,503 947
PROPERTY AND EQUIPMENT, net 15,421 9,154
OPERATING LEASE RIGHT OF USE ASSETS 6,900 8,268
INTANGIBLE ASSETS, net 72,195 91,099
GOODWILL 163,215 163,215
OTHER ASSETS 10,478 6,701
Total assets 389,978 485,546
CURRENT LIABILITIES:    
Accounts payable and other accrued expenses 10,754 24,740
Accrued compensation expenses 8,623 10,902
Operating lease liabilities, current 1,767 1,892
Customer deposit and deferred revenue 0 10,953
Total current liabilities 21,144 48,487
OPERATING LEASE LIABILITIES NONCURRENT 5,553 6,653
EARNOUT LIABILITY 10,208 46,852
DEFERRED TAX LIABILITIES 441 1,040
NONCURRENT LIABILITIES 4,619 1,897
Total liabilities 41,965 104,929
COMMITMENTS AND CONTINGENCIES (Note 15)
STOCKHOLDERS’ EQUITY:    
Additional paid-in capital 732,784 680,790
Accumulated other comprehensive loss (7) (7)
Accumulated deficit (384,786) (300,187)
Total stockholders’ equity 348,013 380,617
Total liabilities and stockholders' equity 389,978 485,546
Class A common stock    
STOCKHOLDERS’ EQUITY:    
Common stock 22 21
Class B Common Stock    
STOCKHOLDERS’ EQUITY:    
Common stock $ 0 $ 0