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Other Balance Sheet Information | 12 Months Ended
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Dec. 31, 2025
Balance Sheet Related Disclosures [Abstract] |
Other Balance Sheet Information | NOTE 5. OTHER BALANCE SHEET INFORMATION Inventory consisted of the following.
|  | As of |
|  | December 31, 2025 |  |  | December 31, 2024 |
Finished Goods |  | $ | 26,359 |  |  | $ | 34,876 |
Raw Materials |  |  | 311 |  |  |  | 385 |
Total inventory |  | $ | 26,670 |  |  | $ | 35,261 |
The Company writes-down inventory for any excess or obsolete inventories or when the Company believes the net realizable value of inventories is less than the carrying value. During the years ended December 31, 2025, 2024 and 2023, the Company recorded write-downs of $4,165, $2,900 and $2,837 respectively. As of December 31, 2025 and 2024, the Company's inventory reserve balance was $4,307 and $5,949, respectively. The Company evaluates inventory levels for excess and obsolete products based on its assessment of future demand and market conditions. Prepaid expenses and other current assets consisted of the following.
|  | As of |
|  | December 31, 2025 |  |  | December 31, 2024 |
Prepaid expenses |  | $ | 5,856 |  |  | $ | 7,867 |
Other current assets |  |  | 333 |  |  |  | 4,014 |
Total prepaid expenses and other current assets |  | $ | 6,189 |  |  | $ | 11,881 |
During the year ended December 31, 2024, the Company recorded $3,534 in other current assets related to a lease for its new headquarters in Phoenix, AZ. See Note 12. "Commitments and Contingencies" - Lease Commitments. Property and equipment, net consisted of the following.
|  | As of |
|  | December 31, 2025 |  |  | December 31, 2024 |
Leasehold improvements |  | $ | 5,202 |  |  | $ | 2,185 |
Computer hardware |  |  | 2,332 |  |  |  | 2,469 |
Warehouse and other equipment |  |  | 950 |  |  |  | 815 |
Furniture and fixtures |  |  | 322 |  |  |  | 153 |
Property and equipment |  |  | 8,806 |  |  |  | 5,622 |
Less: Accumulated depreciation |  |  | (3,685 | ) |  |  | (3,171 | )
Total property and equipment, net |  | $ | 5,121 |  |  | $ | 2,451 |
Depreciation and amortization expense on all property, plant and equipment was $913, $718 and $837 during the years ended December 31, 2025, 2024 and 2023, respectively. Intangible assets, net consisted of the following.
|  | As of |
|  | December 31, 2025 |  |  | December 31, 2024 |
|  | Gross |  |  | Accumulated Amortization |  |  | Net |  |  | Gross |  |  | Accumulated Amortization |  |  | Net |
Customer relationships |  | $ | 22,990 |  |  | $ | (8,446 | ) |  | $ | 14,544 |  |  | $ | 22,990 |  |  | $ | (6,223 | ) |  | $ | 16,767 |
Developed technology |  |  | 10,600 |  |  |  | (5,854 | ) |  |  | 4,746 |  |  |  | 10,600 |  |  |  | (4,383 | ) |  |  | 6,217 |
Trade name |  |  | 900 |  |  |  | (689 | ) |  |  | 211 |  |  |  | 900 |  |  |  | (509 | ) |  |  | 391 |
Total intangible assets, net |  | $ | 34,490 |  |  | $ | (14,989 | ) |  | $ | 19,501 |  |  | $ | 34,490 |  |  | $ | (11,115 | ) |  | $ | 23,375 |
Amortization expense on all intangible assets was $3,874 for the years ended December 31, 2025, 2024 and 2023. Total future amortization for finite-lived intangible assets is estimated as follows.
|  | Amortization Expense |
2026 |  | $ | 3,873 |
2027 |  |  | 3,734 |
2028 |  |  | 3,693 |
2029 |  |  | 2,554 |
2030 |  |  | 2,222 |
Thereafter |  |  | 3,425 |
Total |  | $ | 19,501 |
Other long-term assets consisted of the following.
|  | As of |
|  | December 31, 2025 |  |  | December 31, 2024 |
Capitalized software costs, net |  | $ | 10,846 |  |  | $ | 9,463 |
Operating lease - ROU asset, net |  |  | 2,810 |  |  |  | 3,808 |
Other long-term assets |  |  | 2,309 |  |  |  | 3,088 |
Total other long-term assets |  | $ | 15,965 |  |  | $ | 16,359 |
Amortization expense for capitalized software costs was $3,449, $1,760 and $778 for the years ended December 31, 2025, 2024 and 2023, respectively. During the year ended December 31, 2024, the Company recorded $2,701 of other long-term assets related to a lease for its new headquarters in Phoenix, AZ. See Note 12. "Commitments and Contingencies" - Lease Commitments. In December 2023, the Company invested $2,250 in a non-affiliated, privately held entity, under a Simple Agreement for Future Equity ("SAFE") agreement. The non-affiliated entity provides support and consultation for consumers looking to manage and upgrade the technology within their home. The Company’s investment in the SAFE is recorded using the cost method of accounting and is included under other long-term assets on the Consolidated Balance Sheets, as it is not readily convertible into cash. During the year ended December 31, 2024, the Company identified factors indicative of impairment and recorded an impairment charge of $2,250, the full value of the asset, in general and administrative expenses on the Consolidated Statements of Operations and Comprehensive Loss. Accrued expenses and other current liabilities consisted of the following.
|  | As of |
|  | December 31, 2025 |  |  | December 31, 2024 |
Accrued expenses |  | $ | 3,383 |  |  | $ | 13,052 |
Accrued compensation costs |  |  | 7,778 |  |  |  | 8,249 |
Warranty allowance |  |  | 423 |  |  |  | 1,077 |
Accrued acquisition consideration |  |  | - |  |  |  | 1,760 |
Other |  |  | 2,456 |  |  |  | 3,107 |
Total accrued expenses and other current liabilities |  | $ | 14,040 |  |  | $ | 27,245 |
Other long-term liabilities consisted of the following.
|  | As of |
|  | December 31, 2025 |  |  | December 31, 2024 |
Lease liability, noncurrent |  | $ | 5,792 |  |  | $ | 7,021 |
Other long-term liabilities |  |  | 8 |  |  |  | 100 |
Total other long-term liabilities |  | $ | 5,800 |  |  | $ | 7,121 |
During the year ended December 31, 2024, the Company recorded $6,131 in other long-term liabilities related to the lease for its new headquarters in Phoenix, AZ. See Note 12. "Commitments and Contingencies" - Lease Commitments.

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