Balance Sheet

v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and cash equivalents $ 17,973 $ 513
Restricted cash, current 50 0
Accounts receivable, net 8,858 0
Inventory, net 23,574 0
Prepaid expenses and other current assets 2,955 856
Total current assets 53,410 1,369
Property and equipment, net 9,586 0
Operating lease right-of-use assets, net 3,250 0
Intangible assets, net 39,470 0
Goodwill 24,681 0
Total assets 130,397 1,369
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)    
Accounts payable 2,986 1,897
Accrued expenses 15,364 0
Contingent consideration 2,200 0
Operating lease liabilities, current portion 635 0
Deferred revenue, current portion 966 0
Other liabilities 3,842 0
Total current liabilities 25,993 4,083
Operating lease liabilities, net of current portion 2,752 0
Deferred revenue, net of current portion 1,280 0
Convertible debt 31,441 0
Other long-term liabilities 30,050 0
Total liabilities 91,516 4,083
Commitments and contingencies (Note 12)
STOCKHOLDERS’ EQUITY (DEFICIT)    
Common stock, value 0 0
Additional paid in capital 103,675 18,761
Accumulated deficit (64,794) (21,475)
Total stockholders' equity (deficit) 38,881 (2,714)
Total liabilities and stockholders' equity (deficit) 130,397 1,369
Nonrelated Party    
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)    
Loan payable, net of debt discount 0 2,054
Related Party    
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)    
Loan payable, net of debt discount 0 132
Preferred stock series A    
STOCKHOLDERS’ EQUITY (DEFICIT)    
Preferred stock, value 0 0
Preferred stock series C    
STOCKHOLDERS’ EQUITY (DEFICIT)    
Preferred stock, value $ 0 $ 0

Source

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