Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

v3.25.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 86,218 $ 57,263
Accounts receivable, net 17,983 10,231
Inventory 11,818 14,431
Prepaid expenses and other current assets 2,342 7,110
Assets held for sale 0 1,165
Total current assets 118,503 90,371
Property, plant and equipment, net 2,611 3,260
Operating lease right-of-use asset, net 12,321 13,861
Restricted cash 1,220 1,552
Intangible assets, net 28,670 31,863
Other assets 18,082 3,316
Total assets 181,407 144,223
Current liabilities    
Accounts payable and accrued expenses 45,171 65,501
Income taxes payable 1,005 932
Common stock warrant liabilities 2 214
Operating lease liabilities, short-term 2,129 2,623
Partner company notes payable, short-term 5,625 0
Partner company installment payments - licenses, short-term 0 625
Other current liabilities 135 1,504
Total current liabilities 54,067 71,399
Notes payable, long-term, net 47,774 57,962
Operating lease liabilities, long-term 12,765 14,750
Other long-term liabilities 1,616 1,756
Total liabilities 116,222 145,867
Commitments and contingencies (Note 14)
Stockholders' equity (deficit)    
Cumulative redeemable perpetual preferred stock, $0.001 par value, 15,000,000 authorized, 5,000,000 designated Series A shares, 3,427,138 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively, liquidation value of $25.00 per share 3 3
Common stock, $0.001 par value, 200,000,000 shares authorized, 31,005,170 and 27,908,839 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively 31 28
Additional paid-in-capital 785,943 763,573
Accumulated deficit (730,115) (740,867)
Total stockholders' equity attributed to the Company 55,862 22,737
Non-controlling interests 9,323 (24,381)
Total stockholders' equity (deficit) 65,185 (1,644)
Total liabilities and stockholders' equity (deficit) 181,407 144,223
Related party    
Current assets    
Other receivables $ 142 $ 171