Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 7,988 $ 8,490
Restricted cash, current 2,165 2,300
Inventory 22,183 18,421
Prepaid expenses and other current assets 4,027 5,492
Total current assets 36,363 34,703
Restricted cash, noncurrent 902 1,002
Property and equipment, net 3,388 3,653
Intangible assets, net 1,998 2,302
Operating lease right-of-use assets 8,123 9,535
Other long-term assets 1,532 1,899
Total assets 52,306 53,094
Current liabilities:    
Accounts payable 8,817 8,828
Accrued expenses 9,119 9,476
Deferred revenue 6,578 5,033
Debt, current 0 800
Operating lease liabilities, current 3,221 2,895
Other current liabilities 903 665
Total current liabilities 28,638 27,697
Debt, noncurrent 7,500 6,700
Operating lease liabilities, noncurrent 7,619 10,053
Derivative liabilities 642 871
Total liabilities 44,399 45,321
Commitments and contingencies (Note 7)
Redeemable convertible preferred stock, $0.0001 par value — 100,000,000 shares authorized as of September 30, 2026 and December 31, 2025; 25,000 shares issued and outstanding as of September 30, 2026 and December 31, 2025 24,772 24,772
Stockholders’ deficit:    
Common stock, $0.0001 par value — 600,000,000 Class A shares authorized as of September 30, 2026 and December 31, 2025; 42,971,538 and 41,796,921 Class A shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively 4 4
Additional paid-in capital 645,187 643,226
Accumulated deficit (662,056) (660,229)
Total stockholders’ deficit (16,865) (16,999)
Total liabilities, redeemable convertible preferred stock and stockholders’ deficit $ 52,306 $ 53,094