Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Balance Sheets

v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 39,013 $ 1,212
Accounts receivable, net 6,263 3,723
Inventories, net 27,083 49,953
Contract assets 2,039 500
Prepaid expenses and other current assets 5,722 2,336
Total current assets 80,120 57,724
Property and equipment, net 13,094 14,270
Equipment subject to operating lease, net 1,629 3,673
Other assets 10,505 13,513
Total assets 105,348 89,180
Current liabilities:    
Accounts payable 10,301 18,538
Accrued expenses and other current liabilities 7,915 3,511
Debt – current portion 6,305 5,666
Contract liabilities 9,281 10,285
Total current liabilities 33,802 38,000
Long-term debt – less current portion 24,710 0
Contingent earnout liabilities (Note 10) 1 11
Warrant liabilities (Note 10) 109 2,167
Other noncurrent liabilities 8,570 9,338
Total liabilities 67,192 49,516
Commitments and contingencies (Note 13)
Stockholders’ equity:    
Common stock, $0.00001 par value - 500,000,000 shares authorized at December 31, 2025 and 2024, respectively, 24,607,630 and 12,993,962 shares issued and outstanding as of December 31, 2025 and 2024, respectively 5 4
Additional paid-in capital 536,294 466,441
Accumulated other comprehensive loss 0 0
Accumulated deficit (498,143) (426,781)
Total stockholders’ equity 38,156 39,664
Total liabilities and stockholders’ equity $ 105,348 $ 89,180