v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash $ 131,919 $ 167,865
Accounts receivable, net 10,571 26,155
Inventory 50,530 23,452
Prepaid inventory 12,160 6,942
Prepaid expenses and other current assets 4,482 2,524
Total current assets 209,662 226,938
Goodwill 31,522 17,671
Intangible assets, net 12,490 6,919
Property and equipment, net 14,145 7,797
Other long term assets 1,227 1,227
Operating lease right-of-use assets 12,839 13,125
Total long-term assets 72,223 46,739
TOTAL ASSETS 281,885 273,677
Current liabilities    
Accounts payable 9,242 3,619
Accrued expenses 6,389 5,087
Debt obligations - short term 350 350
Contract liabilities and deposits 281 261
Operating lease liabilities 1,134 1,011
Acquisition consideration payable 1,685 0
Convertible notes payable 0 4,518
Total current liabilities 19,081 14,846
Deferred income taxes 443 443
Operating lease liabilities 12,310 12,556
Acquisition consideration payable 11,312 0
Total long-term liabilities 24,065 12,999
Total liabilities 43,146 27,845
Stockholders’ equity    
Series B preferred stock, $0.001 par value - shares authorized 4,300,000; issued and outstanding 4,676 and 4,676 0 0
Common stock, $0.001 par value - shares authorized 500,000,000; issued and outstanding 120,070,244 and 85,215,136 122 120
Additional paid-in capital 461,990 442,532
Accumulated deficit (223,373) (196,820)
Total stockholders’ equity 238,739 245,832
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 281,885 $ 273,677

Source

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