v3.25.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 4,271 $ 5,396
Accounts receivable, net of allowance of $3,402 and $7,338 as of December 31, 2024, and 2023 18,721 29,151
Inventories 17,561 23,072
Prepaid expenses 828 1,298
Advances to suppliers 6,027 5,604
Other current assets 1,104 1,925
Total current assets 48,512 66,446
LONG-TERM ASSETS:    
Long-term trade receivables 8,534 11,318
Deferred tax assets 1,459 1,032
Severance pay funds 488 573
Property and equipment, net 936 1,322
Operating right-of-use assets, net 3,282 4,517
Intangible assets 4,973 8,446
Total long-term assets 19,672 27,208
TOTAL ASSETS 68,184 93,654
CURRENT LIABILITIES:    
Trade payables 6,484 9,038
Accrued expenses and other current liabilities 11,433 12,437
Note Payable 8,271 0
Current portion of long-term debt 0 4,155
Income taxes payable 0 366
Unearned interest income 907 1,468
Warranty accrual 917 1,029
Deferred revenues 953 1,076
Operating lease liabilities 1,322 1,590
Total current liabilities 30,287 31,159
LONG-TERM LIABILITIES:    
Long-term debt 31,437 70,790
Accrued severance pay 528 634
Deferred tax liabilities 0 15
Unearned interest revenue 364 671
Warranty accrual 222 334
Operating lease liabilities 1,997 3,162
Other long-term liabilities 511 338
Total long-term liabilities 35,059 75,944
TOTAL LIABILITIES 65,346 107,103
Commitments and Contingencies (Note 9)
STOCKHOLDERS’ EQUITY (DEFICIT):    
Common Stock, $0.0001 par value: 300,000,000 shares authorized as of December 31, 2024 and 2023; 709,130 and 552,205 issued and outstanding as of December 31, 2024 and 2023, respectively 30 30
Additional paid-in capital 311,238 247,854
Accumulated deficit (308,899) (261,903)
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT) 2,369 (14,019)
Non-controlling interests 469 570
Equity, Including Portion Attributable to Noncontrolling Interest 2,838 (13,449)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) $ 68,184 $ 93,654