Balance Sheet

v3.25.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and cash equivalents $ 14,203 $ 513
Restricted cash, current 50
Accounts receivable, net 7,988
Inventory, net 24,096
Prepaid expenses and other current assets 3,424 856
Total current assets 49,761 1,369
Property and equipment, net 10,174
Operating lease right-of-use assets, net 3,352
Intangible assets, net 32,521
Goodwill 30,625
Total assets 126,433 1,369
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)    
Accounts payable 5,666 1,897
Accrued expenses 11,890
Operating lease liabilities, current portion 631
Deferred revenue, current portion 1,019
Loan payable, net of debt discount 2,054
Loan payable - related party, net of debt discount 132
Other liabilities 5,562
Total current liabilities 24,768 4,083
Operating lease liabilities, net of current portion 2,849
Deferred revenue, net of current portion 1,522
Deferred income tax liability 12,866
Other long-term liabilities 26,175
Total liabilities 68,180 4,083
Commitments and contingencies (Note 11)  
STOCKHOLDERS’ EQUITY (DEFICIT)    
Common stock, $0.0001 par value, 200,000,000 shares authorized, 3,090,729 and 610,389 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively
Additional paid in capital 101,383 18,761
Accumulated deficit (43,130) (21,475)
Total stockholders’ equity (deficit) 58,253 (2,714)
Total liabilities and stockholders’ equity (deficit) 126,433 1,369
Series A Preferred Stock [Member]    
STOCKHOLDERS’ EQUITY (DEFICIT)    
Preferred stock, value, issued
Series C Preferred Stock [Member]    
STOCKHOLDERS’ EQUITY (DEFICIT)    
Preferred stock, value, issued

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