Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 35,593 $ 45,923
Accounts receivable, net 8,662 6,549
Inventory, net 8,573 8,359
Prepaid expenses and other current assets 2,049 2,769
Total current assets 54,877 63,600
Property and equipment, net 2,914 2,621
Operating lease, right-of-use assets 13,088 8,430
Goodwill 7,472 7,472
Intangible assets, net 13,419 13,922
Other assets 1,646 1,702
Total assets 93,416 97,747
Current liabilities:    
Accounts payable 2,330 1,256
Accrued compensation 2,977 4,360
Other accrued liabilities 2,125 2,786
Operating lease liabilities, current portion 234 694
Contract liabilities, current portion 1,814 1,669
Total current liabilities 9,480 10,765
Operating lease liabilities, net of current portion 13,710 8,461
Contract liabilities, net of current portion 608 581
Long-term notes payable, net 49,644 49,077
Deferred tax liabilities, net 354 354
Other long-term liabilities 779 489
Total liabilities 74,575 69,727
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.01 par value; 25,000,000 shares authorized; none issued and outstanding at March 31, 2026 and December 31, 2025 0 0
Common stock, $0.01 par value; 90,000,000 shares authorized at March 31, 2026 and December 31, 2025; 29,986,639 and 29,368,760 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively 300 294
Additional paid-in capital 239,468 238,995
Shares to be issued 5,535 5,641
Accumulated deficit (226,462) (216,910)
Total stockholders’ equity 18,841 28,020
Total liabilities and stockholders’ equity $ 93,416 $ 97,747