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SEGMENTS (Tables)

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

SCHEDULE OF INFORMATION BY OPERATING SEGMENTS

Information about our Company’s operations by operating segment is shown in the following tables (in thousands):

			Year Ended December 31, 2025
			Americas			EMEA			Rest of World			Eliminations and Adjustments (1)			Total
Revenues, net			$	51,717		$	58,355		$	1,185		$	(2,011)		$	109,246
Less (2)
Cost of sales			37,499			39,123			421			(1,426)			75,617
Segment gross profit			14,218			19,232			764			(585)			33,629
Less (2)
General and administrative expenses			19,830			15,230			394			0			35,454
Depreciation and amortization			2,629			7,651			0			0			10,280
Research and development expenses			4,129			800			0			(660)			4,269
Interest expense			9,726			306			—			—			10,032
Income tax (benefit) expense			(1,239)			319			—			—			(920)
Other segment items (3)			(678)			(739)			3			(262)			(1,676)
Net Loss			$	(20,179)		$	(4,335)		$	367		$	337		$	(23,810)

(1) Eliminations and adjustments represent net sales between the Americas, EMEA and Rest of World segments. Sales between these segments are generally valued at market.

(2) The significant expense categories and amounts align with the segment-level information that is regularly provided to the Chief Operating Decision Maker.

(3) Other Segment items for reach reportable segment includes:

Research and development - consists primarily of personnel related costs, prototype and sample costs, design costs, and global product certifications mostly for wireless certifications.

Other Expense - consists of interest expense associated with our debt financing arrangements, (gains) or losses on settlements of debt, and the effects of changes in the fair value of derivative liabilities.

			Year Ended December 31, 2024
			Americas			EMEA			Rest of World			Eliminations and Adjustments (1)			Total
Revenues, net			$	65,514		$	73,858		$	593		$	(4,072)		$	135,893
Less (2)
Cost of sales			41,024			50,770			399			(3,241)			88,952
Segment gross profit			24,490			23,088			194			(831)			46,941
Less (2)
General and administrative expenses			25,295			16,043			418			—			41,756
Depreciation and amortization			4,338			16,164			7			20			20,529
Research and development expenses			4,140			775			—			(789)			4,126
Interest expense			10,243			9			—			—			10,252
Income tax (benefit) expense			(2,430)			585			-64			—			(1,909)
Other segment items (3)			(149)			594			—			77			$	522
Net Loss			$	(16,947)		$	(11,082)		$	(167)		$	(139)		$	(28,335)

(1) Eliminations and adjustments represent net sales between the Americas, EMEA and Rest of World segments. Sales between these segments are generally valued at market.

(2) The significant expense categories and amounts align with the segment-level information that is regularly provided to the Chief Operating Decision Maker.

(3) Other Segment items for reach reportable segment includes:

Research and development - consists primarily of personnel related costs, prototype and sample costs, design costs, and global product certifications mostly for wireless certifications.

Other Expense - consists of interest expense associated with our debt financing arrangements, (gains) or losses on settlements of debt, and the effects of changes in the fair value of derivative liabilities.

			December 31, 2025						December 31, 2024
Identifiable Assets
Americas			$	40,329					$	50,318
EMEA			55,833						63,863
Rest of World			1,381						1,124
Total Identifiable Assets			$	97,543					$	115,305

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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X

- References

No definition available.

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