Balance Sheet Components

9 Months Ended

Sep. 30, 2025

Condensed Consolidated Balance Sheet Components [Abstract]

Note 5. Balance Sheet Components

Inventories

Inventories consist of the following (in thousands):


	September 30, 2025		December 31, 2024

Finished goods	$	89,982	$	67,145
Raw materials		4,982		4,106
Total inventories	$	94,964	$	71,251

Property and Equipment, net

Property and equipment, net, consists of the following (in thousands):


	September 30, 2025			December 31, 2024

Machinery and equipment	$	1,148		$	2,761
Software and software development		2,176			2,858
Furniture and fixtures		1,266			1,679
Tooling		10,190			14,062
Leasehold improvements		1,177			2,323
Demonstration units and convention booths		2,385			17,818
Total property and equipment, gross		18,342			41,501
Less: accumulated depreciation and amortization		(14,501	)		(35,657	)
Total property and equipment, net	$	3,841		$	5,844

As of September 2025, the Company completed a review of its fixed assets ledger and removed certain fully depreciated demonstration and tooling with an aggregate carrying amount of $24.4 million. There were no proceeds recognized upon disposal.

Depreciation and amortization expense on property and equipment was $1.1 million and $1.2 million for the three months ended September 30, 2025 and 2024, respectively. Depreciation and amortization expense on property and equipment was $3.3 million for both the nine months ended September 30, 2025 and 2024.

Other Current Liabilities

Other current liabilities consist of the following (in thousands):


	September 30, 2025		December 31, 2024

Accrued royalty	$	5,939	$	11,326
Accrued employee expenses		2,893		3,714
Accrued tax-related payables		2,667		7,123
Accrued freight		2,012		1,635
Accrued marketing		1,670		3,045
Accrued expenses		7,399		11,328
Total other current liabilities	$	22,580	$	38,171