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 $ 79,381 $ 57,263
Accounts receivable, net 29,783 10,231
Inventory 9,624 14,431
Prepaid expenses and other current assets 4,895 7,110
Assets held for sale 0 1,165
Total current assets 123,841 90,371
Property, plant and equipment, net 2,519 3,260
Operating lease right-of-use asset, net 12,302 13,861
Restricted cash 1,220 1,552
Equity investments, at fair value 17,660 2,585
Intangible assets, net 27,605 31,863
Other assets 401 731
Total assets 185,548 144,223
Current liabilities    
Accounts payable and accrued expenses 47,125 65,501
Income taxes payable 356 932
Common stock warrant liabilities 1 214
Operating lease liabilities, short-term 2,127 2,623
Partner company installment payments - licenses, short-term 0 625
Other current liabilities 135 1,504
Total current liabilities 49,744 71,399
Notes payable, long-term, net 52,417 57,962
Operating lease liabilities, long-term 12,672 14,750
Partner company redeemable perpetual preferred liability 7,085 0
Other long-term liabilities 1,447 1,756
Total liabilities 123,365 145,867
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 December 31, 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, 31,364,094 and 27,908,839 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively 31 28
Additional paid-in-capital 783,891 763,573
Accumulated deficit (734,052) (740,867)
Total stockholders' equity attributed to the Company 49,873 22,737
Non-controlling interests 12,310 (24,381)
Total stockholders' equity (deficit) 62,183 (1,644)
Total liabilities and stockholders' equity (deficit) 185,548 144,223
Related party    
Current assets    
Other receivables $ 158 $ 171