XML 16 R3.htm IDEA: XBRL DOCUMENT v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 28, 2025
Dec. 29, 2024
Current assets:    
Cash and cash equivalents $ 9,617 $ 13,378
Trade accounts receivable, net of allowance for credit losses of $5,206 and $1,701 as of December 28, 2025 and December 29, 2024, respectively 67,824 25,842
Inventories 4,375 22,110
Prepaid expenses and other current assets 16,913 8,206
Contract assets, current portion 14,122 26,066
Total current assets 112,851 95,602
Restricted cash 3,841 3,841
Property and equipment, net 4,890 5,493
Operating lease right-of-use assets 4,552 3,041
Other noncurrent assets 1,609 628
Goodwill 62,630 18,476
Intangible assets, net 50,814 17,385
Total assets 241,187 144,466
Current liabilities:    
Accounts payable 26,240 7,980
Accrued expenses and other current liabilities [1] 56,977 56,081
Short-term debt with related parties 21,500 1,500
Current portion of long-term notes payable 2,786
Deferred consideration, current with related party 16,879
Deferred consideration, current 5,420
Contract liabilities, current portion 20,336 10,003
SAFE Agreement with related party 535 384
Forward purchase agreement liabilities with related parties 1,274
Forward purchase agreement liabilities 3,965 2,220
Total current liabilities 154,638 79,442
Warranty provision, noncurrent 3,059 3,437
Warrant liability 4,361 1,561
Contract liabilities, noncurrent 794 918
Notes payable and derivative liabilities 120,159 92,638
Deferred income taxes 1,300
Deferred consideration, noncurrent with related party 5,420
Other long-term liabilities 6,470 10,816
Total liabilities 331,331 242,005
Commitments and contingencies (Note 12)
Stockholders’ (deficit):    
Common stock, $0.0001 par value; Authorized 1,000,000,000 shares as of December 28, 2025 and December 29, 2024; issued and outstanding 111,334,959 and 73,784,645 shares as of December 28, 2025 and December 29, 2024, respectively 16 14
Additional paid-in capital 366,408 313,661
Accumulated other comprehensive loss 165 165
Accumulated deficit (456,733) (411,379)
Total stockholders’ (deficit) (90,144) (97,539)
Total liabilities and stockholders’ (deficit) 241,187 144,466
Related Party    
Current liabilities:    
Notes payable and derivative liabilities with related parties, net of current portion $ 35,130 $ 53,193
[1] Includes accrued interest due to related parties of $2.6 million and $2.5 million as of December 28, 2025 and December 29, 2024, respectively, and includes investor financing deposit with related party of $2.0 million as of December 28, 2025.