Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets (Current Period Unaudited)

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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Accounts receivable, net of allowances of $39 and $33, respectively $ 6,048 $ 7,238
Inventories 5,023 4,571
Prepaid expenses and other current assets 1,003 541
Total current assets 14,796 18,843
Property and equipment, net 1,237 1,577
Right-of-use assets 632 788
Intangible assets, net 4,152 4,580
Goodwill 431 431
Other assets 413 433
Total assets 21,661 26,652
Cash 2,722 4,493
Restricted cash 0 2,000
Current liabilities:    
Accounts payable 1,661 1,552
Accrued liabilities 1,930 2,352
Deferred revenues, current 1,700 1,956
Notes payable, current 1,250 1,250
Lease liabilities, current 461 427
Total current liabilities 8,939 7,537
Deferred revenues 1,631 1,920
Notes payable, net 1,070 3,854
Lease liabilities 237 452
Warrant liabilities 0 1
Other non-current liabilities 105 181
Total liabilities 11,982 13,945
Convertible promissory note, net 1,937 0
Commitments and Contingencies (Note 14)
Stockholders’ equity:    
Convertible preferred stock, $0.001 par value; 10,000 shares authorized; none issued and outstanding as of September 30, 2025 and December 31, 2024 0 0
Common stock, $0.001 par value; 141,429 shares authorized; 2,623 and 1,480 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively 36 22
Additional paid-in capital 268,065 262,203
Accumulated other comprehensive (loss) income (700) 957
Accumulated deficit (257,722) (250,475)
Total stockholders’ equity 9,679 12,707
Total liabilities and stockholders’ equity $ 21,661 $ 26,652