v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 20,046 $ 4,105
Accounts receivable, net of allowance for credit losses of $45 and $18 as of June 30, 2025 and December 31, 2024, respectively 338 706
Other receivables 48 538
Inventories 2,490 2,214
Prepaid expenses and other current assets 1,290 1,018
Total Current Assets 24,212 8,581
Property and equipment, net 255 206
Operating lease right-of-use asset, net 266 340
Intangible assets, net 1,223 1,884
Goodwill 9,143 12,072
Other assets 349 1,208
Total Assets 35,448 24,291
Current Liabilities    
Accounts payable 2,685 5,487
Accrued expenses and other current liabilities 1,822 6,703
Accrued interest 342 522
Customer deposits 1,350 1,350
Warrant liability 14,564
Operating lease obligation, current 95 119
Deferred revenue 979 532
Short-term debt 2,657
Total Current Liabilities 21,837 17,421
Long Term Liabilities    
Long-term debt 65 65
Operating lease obligation, noncurrent 181 231
Total Liabilities 22,083 17,717
Commitments and Contingencies (Note 17)
Mezzanine Equity    
Representative and placement agent warrants, net of issuance costs of $64 960
Stockholders’ Equity    
Preferred stock value
Common Stock - $0.001 par value; 500,000,000 shares authorized; 17,915,340 and 1,685,021 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively. 18 2
Additional paid-in capital 138,795 99,425
Accumulated other comprehensive income (loss) 884 (622)
Accumulated deficit (127,292) (93,562)
Total Stockholders’ Equity 12,405 6,574
Total Liabilities, Mezzanine Equity, and Stockholders’ Equity 35,448 24,291
Series 4 Convertible Preferred Stock    
Stockholders’ Equity    
Preferred stock value
Series 5 Convertible Preferred Stock    
Stockholders’ Equity    
Preferred stock value
Series 9 Preferred Stock    
Stockholders’ Equity    
Preferred stock value 1,331
Related Party    
Current Liabilities    
Related party payables $ 51

Source

10-Q PDF
XBRL