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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 14,559 $ 39,596
Accounts receivable, net of allowance for expected credit losses of $176 and $123, respectively 27,563 13,803
Inventories 8,602 13,575
Prepaid expenses and other current assets 6,261 5,926
Total current assets 56,985 72,900
Property, plant and equipment, net of accumulated depreciation of $29,423 and $28,897, respectively 1,016 1,102
Intangible assets, net of accumulated amortization of $37,098 and $33,558, respectively 19,635 18,747
Goodwill 3,949 3,949
Operating lease right-of-use assets 3,663 2,855
Other assets 565 446
Total assets 85,813 99,999
Current liabilities:    
Accounts payable 18,783 18,433
Accrued expenses and other current liabilities 25,075 30,133
2025 Convertible Notes, net 0 14,905
Total current liabilities 43,858 63,471
Long-term liabilities:    
Operating lease liabilities 3,161 2,627
Deferred tax liabilities, net 183 174
2029 Senior Secured Notes, net 41,666 41,830
Other long-term liabilities 4,663 4,755
Total liabilities 93,531 112,857
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 June 30, 2025 and December 31, 2024 (aggregate liquidation preference of $40,140 as of June 30, 2025) 0 0
Common stock, par value $0.001; 150,000,000 shares authorized, 15,212,522 and 14,990,712 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively 15 15
Additional paid-in capital 899,808 892,534
Accumulated other comprehensive loss 365 218
Accumulated deficit (907,906) (905,625)
Total stockholders’ deficit (7,718) (12,858)
Total liabilities and stockholders’ deficit $ 85,813 $ 99,999