Quarterly report [Sections 13 or 15(d)]

SUPPLEMENTAL FINANCIAL STATEMENT INFORMATION (Tables)

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SUPPLEMENTAL FINANCIAL STATEMENT INFORMATION (Tables)
 9 Months Ended
Sep. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
SCHEDULE OF PROPERTY PLANT AND EQUIPMENT LESS DEPRECIATION AND AMORTIZATION

The following is a summary of our property and equipment, at costs less accumulated depreciation and amortization:

 

(in thousands)   Estimated useful life   September 30, 2025     December 31, 2024  
Furniture, equipment and software   3 - 7 years   $ 8,595     $ 8,595  
Leasehold improvements   Lesser of lease term or 5 years     33       33  
Work in process         95       20  
Property and equipment, gross         8,723       8,648  
Less: accumulated depreciation         (7,622 )     (7,228 )
Property and equipment, net       $ 1,101     $ 1,420  
SCHEDULE OF OTHER CURRENT ASSETS

The following table summarizes the composition of other current assets as of the dates indicated:

 

(in thousands)   September 30, 2025     December 31, 2024  
Other current assets:                
VAT refund receivable   $ 46     $ 43  
Prepaid expenses     375       301  
Indemnification receivable, net     7       7  
Non-inventory deposits     1,152       952  
Customs bonds     500       —  
Other     —       2  
Other current assets   $ 2,080     $ 1,305  
SCHEDULE OF ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

The following table summarizes the composition of accrued expenses and other current liabilities as of the dates indicated:

 

(in thousands)   September 30, 2025     December 31,2024  
Accrued expenses and other current liabilities:                
Accrued employee compensation   $ 614     $ 1,052  
Accrued professional fees     765       166  
Other accrued expenses     176       —  
Accrued expenses and other current liabilities   $ 1,555     $ 1,218  
SCHEDULE OF CHANGES IN CUSTOMER DEPOSIT LIABILITY

 

(in thousands)   Customer Deposits  
Balance as of December 31, 2024   $ 2,661  
Increases due to deposits received, net of other adjustments     —  
Customer adjustments     (2,309 )
Revenue recognized     332  
Balance as of September 30, 2025   $ 684  
SCHEDULE OF COMPONENTS OF ACCUMULATED COMPREHENSIVE INCOME LOSS

The components of accumulated other comprehensive income (loss) for the periods presented were as follows:

 

(in thousands)  

Foreign

Currency Translation

    

Unrealized Gain

or (Loss) on Derivative Instrument

     Total  
Balance at December 31, 2023   $ 245     $ —     $ 245  
Other comprehensive income (loss)     20       —       20  
Less: Other comprehensive (income) loss attributable to non-controlling interest     —       —       —  
Balance at December 31, 2024   $ 265     $ —     $ 265  
Other comprehensive income (loss)     —       —       —  
Less: Other comprehensive (income) loss attributable to non-controlling interest     —       —       —  
Balance at September 30, 2025   $ 265     $ —     $ 265