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
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and restricted cash $ 3,993 $ 1,169
Accounts receivable, net of allowances of $50 and $27, respectively 4,537 7,308
Inventories 4,649 4,822
Prepaid expenses and other current assets 874 750
Total current assets 14,053 14,049
Property and equipment, net 1,115 1,288
Right-of-use assets 343 532
Intangible assets, net 3,418 3,500
Goodwill 431 431
Other assets 308 311
Total assets 19,668 20,111
Current liabilities:    
Accounts payable 2,109 1,431
Accrued liabilities 1,723 1,779
Deferred revenues, current 1,583 1,727
Convertible promissory note, net 2,075 2,008
Notes payable, current 1,250 1,250
Lease liabilities, current 351 441
Total current liabilities 9,091 8,636
Deferred revenues 1,261 1,414
Notes payable, net 520 798
Lease liabilities 121 147
Warrant liabilities 2,863 0
Other non-current liabilities 72 89
Total liabilities 13,928 11,084
Commitments and Contingencies (Note 14)
Temporary equity:    
Convertible preferred stock, $0.001 par value; 10,000 shares authorized; 6 and 0 issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 3,650 0
Stockholders’ equity:    
Common stock, $0.001 par value; 141,429 shares authorized; 3,563 and 3,559 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 37 37
Additional paid-in capital 271,816 272,078
Accumulated other comprehensive loss (482) (692)
Accumulated deficit (269,281) (262,396)
Total stockholders’ equity 2,090 9,027
Total liabilities and stockholders’ equity $ 19,668 $ 20,111