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Supplemental Condensed Consolidated Balance Sheet Information
 9 Months Ended
Sep. 30, 2025
Supplemental Condensed Consolidated Balance Sheet Information [Abstract]  
Supplemental Condensed Consolidated Balance Sheet Information

Note 3 — Supplemental Condensed Consolidated Balance Sheet Information

 

Accounts Receivable, Net

 

Accounts receivable, net, consisted of the following as of September 30, 2025 and December 31, 2024:

 

   September 30,   December 31, 
(In thousands)  2025   2024 
Accounts receivable, gross  $2,675   $30 
Less allowance for credit losses   (94)   
—
 
Accounts receivable, net  $2,581   $30 

 

The movement in the Company’s credit losses accounts were as follows:

 

   Nine
months
ended
September 30,		   Year
ended
December 31,		 
(In thousands)  2025   2024 
Allowance for credit losses - beginning of period  $
—
   $
—
 
(Recovery of) allowance for credit losses   94    
—
 
Write-offs of uncollectible accounts   
—
    
—
 
Allowance for credit losses - end of period  $94   $
—
 

Prepaid Expenses and Other Current Assets

 

Prepaid expenses and other current assets consisted of the following as of September 30, 2025 and December 31, 2024:

 

   September 30,   December 31, 
(In thousands)  2025   2024 
Prepaid marketing  $373   $
-
 
Other receivables   1    170 
Prepaid insurance   93    86 
Prepaid expenses, other   607    142 
Total prepaid expenses and other current assets  $1,074   $398 

 

Accrued Expenses and Other Current Liabilities

 

Accrued expenses and other current liabilities consisted of the following as of September 30, 2025 and December 31, 2024:

 

   September 30,   December 31, 
(In thousands)  2025   2024 
Accrued consulting fees  $4,373   $383 
Accrued interest expense   569    161 
Litigation reserve   1,019    1,628 
Sales tax payable   34    4 
Compensation related fees   645    1,112 
Accrued fulfillment and manufacturing related costs   272    
—
 
Accrued marketing fees   177    
—
 
Accrued professional fees   189    802 
Other current liabilities   265    
—
 
Total accrued expenses and other current liabilities  $7,543   $4,090 

 

During the nine months ended September 30, 2025, the Company paid $1.5 million into escrow related to Cultivation Sale Agreement. See related legal matters in Note 16.

 

As of September 30, 2025 and December 31, 2024, the Company had related party accrued consulting fees with Green Thumb of approximately $4.1 million and $332 thousand, respectively.