Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.25.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2025
Mar. 31, 2025
Sep. 30, 2024
Mar. 31, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Cash Flows from Operating Activities:              
Net loss $ (8,933) $ (3,867) $ (3,757) $ (4,491) $ (16,015) $ (8,882)  
Adjustments to reconcile net loss to net cash used in operating activities:              
Depreciation and amortization         394 635  
Equity-based compensation expense         86  
Change in fair value of contingent consideration     (1,000)  
Accretion of debt discount         284 3,373  
Gain on extinguishment of debt     (2,166)  
Change in provision for credit losses         767 41  
Changes in operating assets and liabilities:              
Accounts receivable         (643) (660)  
Inventories         7,965 4,516  
Vendor deposits         3,027 40  
Other current assets         (219) 1,058  
Accounts payable         (5,721) (1,221)  
Accrued expenses and other liabilities         336 468  
Customer deposits         (1,977) (1,520)  
Net used in operating activities         (11,802) (5,232)  
Cash flows from Investing Activities:              
Purchases of property and equipment, net         (75) (173)  
Net cash used in investing activities         (75) (173)  
Cash flows from Financing Activities:              
Proceeds from issuance of Class A common stock and warrants         20,746 5,640  
Proceeds from exercise of stock options, net of costs           1,477  
Proceeds from notes payable         2,950  
Payments on notes payable         (7,958) (2,100)  
Proceeds from future receivables financing         225  
Repayments of loan against future accounts receivable         (939)  
Other         (5)  
Net cash provided by financing activities         12,788 7,248  
Effects of exchange rate changes on cash         3  
Net increase in cash         911 1,846  
Cash as of beginning of the period   $ 899   $ 463 899 463 $ 463
Cash as of end of the period $ 1,810   $ 2,309   1,810 2,309 $ 899
Supplemental disclosures of cash flow information              
Cash paid for interest         107 778  
Non-cash financing activities:              
Extinguishment of debt in connection with Synergy asset purchase agreement         $ 2,658