v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 600 $ 12,240
Restricted cash 680 680
Accounts receivable, less allowance for credit losses of $295 and $435 as of March 31, 2026 and December 31, 2025, respectively 3,422 3,889
Inventory, net 37,272 39,065
Prepaid expenses and other current assets 5,059 3,948
Total current assets 47,033 59,822
Property, plant and equipment, net 20,689 22,470
Goodwill 3,482 3,130
Intangible assets, net 10,041 10,182
Operating lease right-of-use assets, net 21,075 21,872
Other assets 416 416
Total Assets 102,736 117,892
Current liabilities:    
Accounts payable 13,461 13,301
Accrued liabilities and other current liabilities 11,993 11,063
Deferred revenue 1,291 1,615
Warranty liability - current portion 3,830 3,183
Operating lease liability - current portion 1,387 3,616
Stock rights liability 1,339 6,074
Total current liabilities 38,301 38,852
Operating lease liability - long-term 20,839 18,777
Warranty liability - long-term 1,724 1,792
Total Liabilities 76,543 74,850
Commitments and contingencies
Stockholders’ Equity:    
Series A preferred stock, par value of $0.001 per share, 75,000,000 shares authorized, 0 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively 0 0
Common stock, par value $0.001 per share, 36,000,000 shares authorized, 10,449,859 and 9,699,858 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 11 10
Additional paid-in capital 365,087 362,055
Accumulated deficit (338,905) (319,023)
Total stockholders’ equity 26,193 43,042
Total Liabilities and Stockholders’ Equity 102,736 117,892
Related Party    
Current liabilities:    
Customer order credit agreement - related party 5,000 0
Cash flow credit agreement - related party 10,000 10,000
Convertible notes at fair value - related party $ 5,679 $ 5,429

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