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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 19,565 $ 16,963
Accounts receivable, net 37,941 76,797
Inventories 56,544 69,222
Prepaid expenses and other current assets 10,935 10,831
Total Current Assets 124,985 173,813
Property and equipment, net 2,372 2,995
Goodwill 50,428 50,428
Intangible assets, net 30,376 34,344
Other assets 7,006 7,474
Total Assets 215,167 269,054
Current Liabilities:    
Revolving credit facility   29,383
Accounts payable 27,863 24,934
Term Loan, current 4,250 8,571
Other current liabilities 20,435 24,789
Total Current Liabilities 52,548 87,677
Term Loan, non-current 76,439 46,339
Income tax payable 820 820
Other liabilities 4,644 5,720
Total Liabilities 134,451 140,556
Commitments and Contingencies
Stockholders’ Equity    
Common stock, $0.001 par value - 25,000,000 shares authorized; 17,909,711 and 19,185,869 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 18 19
Additional paid-in capital 204,401 229,189
Accumulated deficit (124,880) (102,363)
Accumulated other comprehensive income 1,177 1,653
Total Stockholders’ Equity 80,716 128,498
Total Liabilities and Stockholders’ Equity $ 215,167 $ 269,054