v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 1,333 $ 1,389
Accounts receivable, net 2,061 2,623
Inventories, net 1,437 1,635
Prepaid expenses and other current assets 822 1,120
Total current assets 5,653 6,767
Property and equipment, net 41 46
Right of use assets 1,331 1,530
Investment in convertible bond 15,231 15,037
Other assets 222 222
Total assets 22,478 23,602
CURRENT LIABILITIES    
Accounts payable and accrued expenses 18,313 16,926
Operating lease liabilities, current portion 2,676 2,423
Conversion feature derivative, notes payable   162
Other current liabilities 16,403 16,557
Warrant derivative liabilities 17 8
Convertible notes payable, net of discount 16,864 17,014
Total current liabilities 64,915 63,555
Operating lease liabilities, less current portion 544 815
Other long-term liabilities 13,369 13,465
Total liabilities 81,079 80,081
Commitments and contingent liabilities (Note 11)
STOCKHOLDERS’ DEFICIT    
Preferred stock, par value $0.001 per share, 15,000,000 shares authorized, none issued or outstanding
Common stock, par value $0.001 per share, 250,000,000 shares authorized, 63,865,571 shares issued and outstanding at March 31, 2025 and December 31, 2024 64 64
Additional paid-in capital 225,906 225,896
Net loan receivable from EJ Holdings (16,869) (16,869)
Accumulated other comprehensive loss (2,797) (2,995)
Accumulated deficit (264,905) (262,575)
Total stockholders’ deficit (58,601) (56,479)
Total liabilities and stockholders' deficit 22,478 23,602
Nonrelated Party [Member]    
CURRENT LIABILITIES    
Notes payable, current portion, net of discount 7,420 7,093
Related Party [Member]    
CURRENT LIABILITIES    
Notes payable, current portion, net of discount 3,222 3,372
Notes payable, less current portion, net of discount $ 2,251 $ 2,246

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