Supplementary Balance Sheet and Geographic Information

9 Months Ended

Sep. 30, 2025

Disclosure Text Block Supplement [Abstract]

Supplementary Balance Sheet and Geographic Information

Selected financial data as of the dates presented below is as follows (in thousands, except useful life data):


Inventory, net	September 30, 2025		December 31, 2024
Raw materials	$	487	$	662
Finished goods		28,049		21,335
Inventory	$	28,536	$	21,997

The inventory reserve was $15.2 million and $24.1 million as of September 30, 2025, and December 31, 2024, respectively.


Property and equipment, net	Estimated Useful Life	September 30, 2025		December 31, 2024
Machinery and equipment	7 - 25 years	$	6,422	$	6,051
Vehicles	5 years		31		31
Computer software	5 years		212		212
Computer equipment	5 years		649		602
Furniture and fixtures	5 years		220		216
Leasehold improvements	3 - 6 years		355		465
			7,889		7,577
Less: Accumulated depreciation			5,345		4,765
Property and equipment, net		$	2,544	$	2,812

For the three and nine months ended September 30, 2025, the Company recorded depreciation expense of $0.2 million and $0.7 million, respectively. For the three and nine months ended September 30, 2024, the Company recorded depreciation expense of $0.2 million and $0.7 million, respectively. Depreciation expense is recorded in the condensed consolidated statements of operations and comprehensive loss.


Accrued expenses and other current liabilities	September 30, 2025		December 31, 2024
Accrued vacation	$	1,075	$	924
Accrued compensation		2,895		1,119
Accrued interest		562		1,187
Accrued professional fees		364		894
Accrued warehouse and freight		465		917
Accrued other(1)		1,486		1,773
Other current liabilities		54		547
Accrued expenses and other current liabilities	$	6,901	$	7,361

(1)

Accrued other as of September 30, 2025, and December 31, 2024, primarily consist of accrued expenses related to income tax expense, legal expense, insurance expense and sales discounts.


Allowance for credit losses	September 30, 2025			December 31, 2024
Allowance for credit losses, beginning balance	$	2,239		$	4,011
Net charges to recovery		142			(1,629	)
Write-offs, net of recoveries		(2,119	)		(143	)
Allowance for credit losses, ending balance	$	262		$	2,239

Long-lived assets by Geographic Region

The following table presents the Company’s long-lived assets, which consist of tangible property and equipment, net of depreciation, and operating ROU assets, by geographic region (in thousands):


Long-lived assets	September 30, 2025		December 31, 2024
EMEA(1)	$	1,269	$	1,545
Americas(2)		2,153		719
APAC(3)		1,659		2,124
Total long-lived assets	$	5,081	$	4,388

(1)

As of September 30, 2025, and December 31, 2024, 19.6% and 26.6% of the Company’s total long-lived assets were located in Israel, respectively.

(2)

As of September 30, 2025, and December 31, 2024, 42.4% and 16.4% of the Company’s total long-lived assets were located in the U.S., respectively.

(3)

As of September 30, 2025, 23.4% of the Company’s total long-lived assets were located in Thailand. As of December 31, 2024, 35.5% and 13.0% of the Company’s total long-lived assets were located in Thailand and China, respectively.