XML 16 R2.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 7,239 $ 5,905
Investment, related party 9 7
Accounts receivable, net 3,955 5,315
Inventories, net 4,028 6,646
Prepaid expenses and other current assets 331 527
Asset held for sale 2,300 2,300
Total current assets 18,815 20,700
Property and equipment, net 37 80
Operating lease right-of-use assets 729 903
Intangible assets, net 26 35
Other assets 535 383
Total assets 20,142 22,101
Current liabilities:    
Operating lease liabilities 443 548
Advance from Stockholders 8,500
Accrued expenses and other current liabilities 5,806 4,273
Total current liabilities 19,687 12,021
Long-term liabilities:    
Convertible notes payable, net 4,338 4,098
Warrant liabilities 548 1,250
Operating lease liabilities, non-current 223 276
Other liabilities 14 23
Total liabilities 24,810 17,668
Commitments and contingencies (see Note 16)
Stockholders’ (deficit) equity:    
Preferred Stock $0.001 par value; 20,000,000 shares authorized; no Series B-1 issued; 2,641 and 3,366 Series B-2; 6,593 and 6,763 Series B-3 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively
Common Stock $0.001 par value; 70,000,000 shares authorized; 10,138,567 and 8,873,932 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 9 9
Additional paid-in capital 122,259 121,833
Accumulated deficit (126,936) (117,409)
Total stockholders’ (deficit) equity (4,668) 4,433
Total liabilities and stockholders’ equity 20,142 22,101
Related Party [Member]    
Current assets:    
Other assets, related party 953
Current liabilities:    
Accounts payable 670 5,344
Nonrelated Party [Member]    
Current liabilities:    
Accounts payable $ 4,268 $ 1,856