| Other Balance Sheet Information |
Other Balance Sheet Information Prepaid expenses and other current assets
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December 31, |
|
2025 |
|
2024 |
Accounts receivable, net |
$ |
3,111 |
|
|
$ |
439 |
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Prepaid expenses |
1,582 |
|
|
1,594 |
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Other |
799 |
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|
255 |
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| Prepaid expenses and other current assets |
$ |
5,492 |
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|
$ |
2,288 |
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Property and Equipment
Property and equipment, net consisted of the following (in thousands):
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December 31, |
|
2025 |
|
2024 |
| Machinery and warehouse equipment |
$ |
4,585 |
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|
$ |
4,842 |
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| Internally developed software |
1,434 |
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|
12,093 |
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| Computer equipment |
2,239 |
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|
2,246 |
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| Leasehold improvements |
2,144 |
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|
1,625 |
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| Furniture and fixtures |
275 |
|
|
289 |
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| Total property and equipment |
10,677 |
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|
21,095 |
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| Less: accumulated depreciation |
(7,024) |
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|
(17,418) |
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| Property and equipment, net |
$ |
3,653 |
|
|
$ |
3,677 |
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Depreciation expense for the years ended December 31, 2025 and 2024 was $1.2 million and $2.8 million, respectively. The Company capitalized software development costs of $0.3 million and $1.0 million for the years ended December 31, 2025 and 2024, respectively. Amortization of capitalized software development costs was $0.5 million and $7.0 million for the years ended December 31, 2025 and 2024, respectively.
Intangible Assets
Intangible assets net consisted of the following (in thousands):
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December 31, 2025 |
|
December 31, 2024 |
|
Weighted- Average remaining useful life (years) |
|
Gross Carrying Amount |
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Accumulated Amortization |
|
Intangible Assets, Net |
|
Weighted- Average remaining useful life (years) |
|
Gross Carrying Amount |
|
Accumulated Amortization |
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Intangible Assets, Net |
| Customer relationships |
4.2 |
|
$ |
1,101 |
|
|
$ |
(185) |
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|
$ |
916 |
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|
|
|
$ |
— |
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|
$ |
— |
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|
$ |
— |
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| Trademarks |
4.1 |
|
1,251 |
|
|
(521) |
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|
730 |
|
|
2.1 |
|
374 |
|
|
(318) |
|
|
56 |
|
| Grove.com domain name |
N/A |
|
656 |
|
|
— |
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|
656 |
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|
N/A |
|
656 |
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|
— |
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|
656 |
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| Intangible Assets, net |
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|
$ |
3,008 |
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|
$ |
(706) |
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|
$ |
2,302 |
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|
|
$ |
1,030 |
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|
$ |
(318) |
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|
$ |
712 |
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The estimated annual amortization of intangible assets for the next five years is shown below (in thousands):
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Amount |
| 2026 |
$ |
404 |
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| 2027 |
400 |
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| 2028 |
393 |
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| 2029 |
386 |
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| 2030 |
63 |
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| Total |
$ |
1,646 |
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Accrued Expenses
Accrued expenses consisted of the following (in thousands):
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December 31, |
|
2025 |
|
2024 |
| Inventory purchases |
$ |
3,240 |
|
|
$ |
1,657 |
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| Compensation and benefits |
1,332 |
|
|
4,149 |
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| Sales taxes |
778 |
|
|
1,106 |
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| Fulfillment costs |
573 |
|
|
540 |
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| Advertising costs |
97 |
|
|
558 |
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| Other accrued expenses |
3,456 |
|
|
3,536 |
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| Total accrued expenses |
$ |
9,476 |
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|
$ |
11,546 |
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