Quarterly report [Sections 13 or 15(d)]

SUPPLEMENTAL FINANCIAL STATEMENT INFORMATION (Tables)

v3.26.1
SUPPLEMENTAL FINANCIAL STATEMENT INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
SCHEDULE OF ACCOUNTS RECEIVABLE

Accounts receivable, net is as follows (in thousands):

 

SCHEDULE OF ACCOUNTS RECEIVABLE

    June 30, 2026     December 31, 2025  
    Period Ended  
    June 30, 2026     December 31, 2025  
Accounts receivable amortized cost   $ 211     $ 3,083  
Allowance for credit losses     (198 )     (1,511 )
Net accounts receivable   $ 13     $ 1,572  
SUMMARIZES THE CHANGES IN THE ALLOWANCE FOR CREDIT LOSSES FOR ACCOUNTS RECEIVABLE

The following table summarizes the changes in the allowance for credit losses for accounts receivable (in thousands):

 

SUMMARIZES THE CHANGES IN THE ALLOWANCE FOR CREDIT LOSSES FOR ACCOUNTS RECEIVABLE

    June 30, 2026     December 31, 2025  
Balance, beginning of period   $ (1,511 )   $ (2,616 )
Provision for expected credit losses, net     (1,251 )     (1,974 )
Write-offs     2,564       3,079  
Balance, end of period   $ (198 )   $ (1,511 )
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   June 30, 2026     December 31, 2025  
Furniture, equipment and software   3 - 7 years   $ —     $ 7,879  
Leasehold improvements   Lesser of lease term or 5 years     —       33  
Property and equipment, gross         —       7,912  
Less: accumulated depreciation         —       7,659  
Property and equipment, net       $ —     $ 253  
SCHEDULE OF OTHER CURRENT ASSETS

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

 

(in thousands)   June 30, 2026     December 31, 2025  
Prepaid expenses   $ 1,109     $ 1,279  
Customs bonds     200       500  
Other     —       222  
Other current assets   $ 1,309     $ 2,001  
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)   June 30, 2026     December 31, 2025  
Legal contingencies accrual   $

91

     $ 500  
Accrued employee compensation     28       154  
Other accrued expenses     410       973  
Accrued expenses and other current liabilities   $ 529     $ 1,627