v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current Assets    
Cash $ 13,709 $ 19,960
Accounts receivable, net 4,014 4,895
Receivables - other 1,930 1,331
Inventory, net 3,396 4,881
Unbilled revenue 292 237
VAT receivable 352 371
Prepaid expenses 463 404
Total Current Assets 24,156 32,079
Property and equipment, net 2,505 3,407
Goodwill 156 156
Intangible assets, net 422 524
Operating right-of-use assets, net 189 812
Finance right-of-use assets, net 0 5
Deposits 37 94
Total Other Assets 804 1,591
Total Assets 27,465 37,077
Current Liabilities    
Accounts payable and accrued expenses 8,265 7,230
Contract liabilities 193 89
Notes payable 416 380
Due to related party 82 48
Operating lease liabilities 158 404
Finance lease liabilities 0 5
Income taxes payable 12 54
Total Current Liabilities 9,126 8,210
Long Term Liabilities    
Long-term portion of notes payable 876 1,032
Operating lease liabilities, net of current portion 41 438
Total Liabilities 10,043 9,680
Commitments and Contingencies
Equity    
Preferred stock ($0.0001 par value; 3,333,333 shares authorized; no shares issued or outstanding) 0 0
Common stock ($0.0001 par value; 50,000,000 shares authorized; 26,767,882 and 25,963,051 shares issued and outstanding as of December 31, 2025 and 2024, respectively) 3 3
Additional paid-in capital 77,586 75,697
Accumulated deficit (60,063) (48,351)
Accumulated other comprehensive loss (118) (66)
Treasury stock (at cost, 130,549 shares at December 31, 2025 and no shares at December 31, 2024, respectively) (100) 0
Equity attributable to common stockholders 17,308 27,283
Equity attributable to noncontrolling interests 114 114
Total Equity 17,422 27,397
Total Liabilities and Equity $ 27,465 $ 37,077

Source

10-K XBRL Zip