Supplementary Balance Sheet and Geographic Information

6 Months Ended

Jun. 30, 2026

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	June 30, 2026		December 31, 2025
Raw materials	$	83	$	186
Finished goods		20,478		31,100
Inventory, net	$	20,561	$	31,286

The inventory reserve was $7.8 million and $14.3 million as of June 30, 2026, and December 31, 2025, respectively.


Property and equipment, net	Estimated Useful Life	June 30, 2026		December 31, 2025
Machinery and equipment	7 - 25 years	$	7,104	$	6,643
Vehicles	5 years		31		31
Computer software	5 years		212		212
Computer equipment	5 years		664		656
Furniture and fixtures	5 years		226		222
Leasehold improvements	3 - 6 years		552		357
Construction in progress			21		140
			8,810		8,261
Less: Accumulated depreciation			6,171		5,609
Property and equipment, net		$	2,639	$	2,652

For the three and six months ended June 30, 2026, the Company recorded depreciation expense of $0.2 million and $0.5 million, respectively. For the three and six months ended June 30, 2025, the Company recorded depreciation expense of $0.2 million and $0.5 million, respectively. Depreciation expense is recorded in the condensed consolidated statements of operations and comprehensive income (loss).


Accrued expenses and other current liabilities	June 30, 2026		December 31, 2025
Accrued vacation	$	1,097	$	980
Accrued compensation		1,245		3,808
Accrued other and other current liabilities(1)		2,293		2,341
Accrued expenses and other current liabilities	$	4,635	$	7,129

(1)

Accrued other and other current liabilities as of June 30, 2026, and December 31, 2025, primarily consist of accrued expenses related to professional fees, legal expense, insurance expense, and income tax expense. Accrued interest, accrued professional fees, accrued warehouse and freight, and other current liabilities have been reclassified into accrued other and other current liabilities to conform the December 31, 2025, presentation to the current year presentation. This reclassification had no effect on total accrued expenses and other current liabilities on the condensed consolidated balance sheet or statement of cash flow.


(in thousands)	June 30, 2026		December 31, 2025
Allowance for credit losses, beginning balance	$	356	$	2,239
Provision for credit losses		1,451		236
Write-offs, net of recoveries		—		(2,119	)
Allowance for credit losses, ending balance	$	1,807	$	356

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	June 30, 2026		December 31, 2025
EMEA(1)	$	976	$	1,151
Americas(2)		2,163		2,247
APAC(3)		1,493		1,592
Total long-lived assets	$	4,632	$	4,990

(1)

As of June 30, 2026, and December 31, 2025, 16.8% and 18.4% of the Company’s total long-lived assets were located in Israel, respectively.

(2)

As of June 30, 2026, and December 31, 2025, 46.7% and 45.1% of the Company’s total long-lived assets were located in the U.S., respectively.

(3)

As of June 30, 2026, 18.3% and 13.9% of the Company’s total long-lived assets were located in Thailand and China, respectively. As of December 31, 2025, 21.1% and 10.8% of the Company’s total long-lived assets were located in Thailand and China, respectively.