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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 35,149 $ 39,596
Accounts receivable, net of allowance for expected credit losses of $144 and $123, respectively 12,091 13,803
Inventories 15,113 13,575
Prepaid expenses and other 3,808 5,926
Total current assets 66,161 72,900
Property, plant and equipment, net of accumulated depreciation of $29,119 and $28,897, respectively 922 1,102
Intangible assets, net of accumulated amortization of $35,180 and $33,558, respectively 18,864 18,747
Goodwill 3,949 3,949
Operating lease right-of-use assets 2,592 2,855
Other assets 508 446
Total assets 92,996 99,999
Current liabilities:    
Accounts payable 18,059 18,433
Accrued expenses and other current liabilities 26,066 30,133
2025 Convertible Notes, net 14,938 14,905
Total current liabilities 59,063 63,471
Long-term liabilities:    
Operating lease liabilities 2,262 2,627
Deferred tax liabilities, net 177 174
2029 Senior Secured Notes, net 41,775 41,830
Other long-term liabilities 2,714 4,755
Total liabilities 105,991 112,857
Commitments and contingencies (Note 10.)
Stockholders’ deficit:    
Preferred stock, par value $0.001; 2,000,000 shares authorized:, Preferred stock, par value $0.001; 39,500 shares designated, 25,000 shares issued and outstanding as of both March 31, 2025 and December 31, 2024 (aggregate liquidation preference of $39,256,278 as of March 31, 2025) 0 0
Common stock, par value $0.001; 150,000,000 shares authorized, 15,007,437 and 14,990,712 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 15 15
Additional paid-in capital 894,825 892,534
Accumulated other comprehensive loss 224 218
Accumulated deficit (908,059) (905,625)
Total stockholders’ deficit (12,995) (12,858)
Total liabilities and stockholders’ deficit $ 92,996 $ 99,999