Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Balance Sheets

v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash $ 1,169 $ 4,493
Restricted cash 0 2,000
Accounts receivable, net of allowances of $27 and $33, respectively 7,308 7,238
Inventories 4,822 4,571
Prepaid expenses and other current assets 750 541
Total current assets 14,049 18,843
Property and equipment, net 1,288 1,577
Right-of-use assets 532 788
Intangible assets, net 3,500 4,580
Goodwill 431 431
Other assets 311 433
Total assets 20,111 26,652
Current liabilities:    
Accounts payable 1,431 1,552
Accrued liabilities 1,779 2,352
Deferred revenues, current 1,727 1,956
Convertible promissory note, net 2,008 0
Notes payable, current 1,250 1,250
Lease liabilities, current 441 427
Total current liabilities 8,636 7,537
Deferred revenues 1,414 1,920
Notes payable, net 798 3,854
Lease liabilities 147 452
Warrant liabilities 0 1
Other non-current liabilities 89 181
Total liabilities 11,084 13,945
Commitments and contingencies (Note 15)
Stockholders' equity:    
Convertible preferred stock, $0.001 par value; 10,000 shares authorized; no shares issued and outstanding as of December 31, 2025 and 2024 0 0
Common stock, $0.001 par value; 141,429 shares authorized; 3,559 and 1,480 shares issued and outstanding as of December 31, 2025 and 2024, respectively 37 22
Additional paid-in capital 272,078 262,203
Accumulated other comprehensive (loss) income (692) 957
Accumulated deficit (262,396) (250,475)
Total stockholders' equity 9,027 12,707
Total liabilities and stockholders' equity $ 20,111 $ 26,652