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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and cash equivalents $ 31,741 $ 43,652
Trade accounts receivable, net of allowance of $1,000 and $608 15,480 14,023
Inventories, net of provision for obsolescence of $1,032 and $875 7,564 9,923
Prepaid expenses and other current assets 1,655 2,764
Total current assets 56,440 70,362
Property and equipment, net 1,987 1,915
Operating lease right-of-use assets 4,703 5,162
Finance lease right-of-use assets 48 69
Other assets 1,664 1,732
Total assets 64,842 79,240
LIABILITIES AND EQUITY    
Accounts payable 2,615 2,712
Accrued expenses and other current liabilities 7,751 9,661
Current portion of operating lease liabilities 335 347
Current portion of finance lease liabilities 20 20
Total current liabilities 10,721 12,740
Long-term debt, net of debt discounts and issuance costs 33,893 33,185
Long-term operating lease liabilities 4,483 4,896
Long-term finance lease liabilities 33 53
Long-term contract liabilities 1,118 1,246
Other liabilities 259 198
Total liabilities 50,507 52,318
Commitments and Contingencies (Note 18)
EQUITY    
Preferred stock, $0.001 par value; 10,000,000 shares authorized; 0 issued and outstanding as of December 31, 2024 and December 31, 2023 0 0
Common stock, $0.001 par value; 75,000,000 shares authorized; 37,793,886 issued and outstanding as of December 31, 2024, and 34,643,888 issued and outstanding as of December 31, 2023 38 35
Additional paid-in capital 92,083 81,114
Accumulated deficit (77,911) (54,448)
Total stockholders’ equity 14,210 26,701
Non-controlling interest 125 221
Total equity 14,335 26,922
Total liabilities and equity $ 64,842 $ 79,240