v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash $ 167,865 $ 9,154
Accounts receivable, net 26,155 489
Inventory 23,452 12,951
Prepaid inventory 6,942 642
Prepaid expenses and other current assets 2,524 2,562
Total current assets 226,938 25,798
Goodwill 17,671 17,671
Intangible assets, net 6,919 8,453
Property and equipment, net 7,797 1,881
Other 1,227 310
Operating lease right-of-use assets 13,125 1,491
Total long-term assets 46,739 29,806
TOTAL ASSETS 273,677 55,604
Current liabilities    
Accounts payable 3,619 2,050
Accrued expenses 5,087 1,240
Debt obligations - short term 350 350
Contract liabilities and deposits 261 227
Operating lease liabilities 1,011 312
Convertible notes payable 4,518 0
Total current liabilities 14,846 4,179
Deferred income taxes 443 0
Operating lease liabilities 12,556 1,306
Total long-term liabilities 12,999 1,306
Total liabilities 27,845 5,485
Stockholders’ equity    
Series B preferred stock - shares authorized 4,300,000; issued and outstanding 4,676 and 4,676 0 0
Common stock - shares authorized 500,000,000; issued and outstanding 120,070,244 and 85,215,136 120 85
Additional paid-in capital 442,532 174,779
Accumulated deficit (196,820) (124,745)
Total stockholders’ equity 245,832 50,119
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 273,677 $ 55,604

Source

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