XML 13 R2.htm IDEA: XBRL DOCUMENT v3.25.3
Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 28, 2025
Dec. 29, 2024
Current assets:    
Cash and cash equivalents $ 5,072 $ 13,378
Accounts receivable, net 80,753 51,908
Inventories 8,694 22,110
Prepaid expenses and other current assets 20,830 8,206
Total current assets 115,349 95,602
Restricted cash 3,841 3,841
Property and equipment, net 3,670 5,493
Operating lease right-of-use assets 2,528 3,041
Intangible assets, net 38,956 17,385
Goodwill 42,911 18,476
Other noncurrent assets 1,085 628
Total assets 208,340 144,466
Current liabilities:    
Accounts payable 19,857 7,980
Accrued expenses and other current liabilities [1] 59,271 56,081
Contract liabilities 9,713 10,003
Forward purchase agreement liabilities 4,301 2,220
Total current liabilities 115,139 79,442
Warranty provision, noncurrent 2,140 3,437
Warrant liability 4,683 1,561
Contract liabilities, noncurrent 1,713 918
Notes payable and derivative liabilities, net of current 148,205 92,638
Operating lease liabilities, net of current portion 1,335 2,263
Other long-term liabilities 12,869 8,553
Total liabilities 320,656 242,005
Commitments and contingencies (Note 12)
Stockholders’ (deficit):    
Common stock, $0.0001 par value; Authorized 1,000,000,000 shares as of September 28, 2025, and December 29, 2024; issued and outstanding 89,167,963 and 73,784,645 shares as of September 28, 2025, and December 29, 2024, respectively. 14 14
Additional paid-in capital 330,083 313,661
Accumulated other comprehensive income 165 165
Accumulated deficit (442,578) (411,379)
Total stockholders’ (deficit) (112,316) (97,539)
Total liabilities and stockholders’ (deficit) 208,340 144,466
Related Party    
Current liabilities:    
Notes payable to related parties 21,500 1,500
SAFE Agreement with related party 497 384
Forward purchase agreement liabilities with related parties 1,274
Notes payable and derivative liabilities with related parties, net of current $ 34,572 $ 53,193
[1] Includes accrued interest due to related parties of $1.2 million and $2.2 million as of September 28, 2025, and December 29, 2024, respectively.