\u00a01. NATURE OF OPERATIONS |
\u00a02. BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
| June 30, 2026 (unaudited) | December 31, 2025 | |||||||||||||
Cash and cash equivalents | $ | 33,329\u00a0 | $ | 24,047\u00a0 | ||||||||||
| Restricted cash included in Prepaid expenses and other current assets | \u2014\u00a0 | 444\u00a0 | ||||||||||||
Restricted cash - non-current | 2,125\u00a0 | 2,125\u00a0 | ||||||||||||
| Cash, cash equivalents and restricted cash | $ | 35,454\u00a0 | $ | 26,616\u00a0 |
| June 30, 2026 (unaudited) | December 31, 2025 | |||||||||||||
Cash and cash equivalents | $ | 33,329\u00a0 | $ | 24,047\u00a0 | ||||||||||
| Restricted cash included in Prepaid expenses and other current assets | \u2014\u00a0 | 444\u00a0 | ||||||||||||
Restricted cash - non-current | 2,125\u00a0 | 2,125\u00a0 | ||||||||||||
| Cash, cash equivalents and restricted cash | $ | 35,454\u00a0 | $ | 26,616\u00a0 |
| June 30, 2026 (unaudited) | December 31, 2025 | |||||||||||||
Cash and cash equivalents | $ | 33,329\u00a0 | $ | 24,047\u00a0 | ||||||||||
| Restricted cash included in Prepaid expenses and other current assets | \u2014\u00a0 | 444\u00a0 | ||||||||||||
Restricted cash - non-current | 2,125\u00a0 | 2,125\u00a0 | ||||||||||||
| Cash, cash equivalents and restricted cash | $ | 35,454\u00a0 | $ | 26,616\u00a0 |
\u00a03. INVENTORIES, NET |
| June 30, 2026 (unaudited) | December 31, 2025 | ||||||||||
| Raw materials | $ | 10,522\u00a0 | $ | 10,312\u00a0 | |||||||
| Work in process | 6,249\u00a0 | 6,855\u00a0 | |||||||||
| Finished goods | 17,528\u00a0 | 17,440\u00a0 | |||||||||
Total inventories, net | $ | 34,299\u00a0 | $ | 34,607\u00a0 |
| June 30, 2026 (unaudited) | December 31, 2025 | ||||||||||
| Raw materials | $ | 10,522\u00a0 | $ | 10,312\u00a0 | |||||||
| Work in process | 6,249\u00a0 | 6,855\u00a0 | |||||||||
| Finished goods | 17,528\u00a0 | 17,440\u00a0 | |||||||||
Total inventories, net | $ | 34,299\u00a0 | $ | 34,607\u00a0 |
\u00a04. PREPAID EXPENSES AND OTHER CURRENT ASSETS |
| June 30, 2026 (unaudited) | December 31, 2025 | ||||||||||
| Prepaid expenses and deposits | $ | 3,428\u00a0 | $ | 3,676\u00a0 | |||||||
| Employee retention credit receivable | 688\u00a0 | 688\u00a0 | |||||||||
Assets held for sale | \u2014\u00a0 | 382\u00a0 | |||||||||
| Other current assets | 1,238\u00a0 | 2,112\u00a0 | |||||||||
| Total prepaid expenses and other current assets | $ | 5,354\u00a0 | $ | 6,858\u00a0 |
| June 30, 2026 (unaudited) | December 31, 2025 | ||||||||||
| Prepaid expenses and deposits | $ | 3,428\u00a0 | $ | 3,676\u00a0 | |||||||
| Employee retention credit receivable | 688\u00a0 | 688\u00a0 | |||||||||
Assets held for sale | \u2014\u00a0 | 382\u00a0 | |||||||||
| Other current assets | 1,238\u00a0 | 2,112\u00a0 | |||||||||
| Total prepaid expenses and other current assets | $ | 5,354\u00a0 | $ | 6,858\u00a0 |
\u00a05. PROPERTY, PLANT AND EQUIPMENT |
| June 30, 2026 (unaudited) | December 31, 2025 | ||||||||||
| Buildings and building components | $ | 90,179\u00a0 | $ | 91,225\u00a0 | |||||||
| Land | 11,698\u00a0 | 12,956\u00a0 | |||||||||
| Leasehold improvements | 60,790\u00a0 | 55,775\u00a0 | |||||||||
| Machinery and equipment | 25,612\u00a0 | 24,946\u00a0 | |||||||||
Furniture, fixtures and office equipment | 24,629\u00a0 | 23,769\u00a0 | |||||||||
| Construction-in-process | 3,880\u00a0 | 4,808\u00a0 | |||||||||
Total property, plant and equipment - gross | 216,788\u00a0 | 213,479\u00a0 | |||||||||
| Less: Accumulated depreciation | (79,611) | (70,158) | |||||||||
Total property, plant and equipment - net | $ | 137,177\u00a0 | $ | 143,321\u00a0 |
| June 30, 2026 (unaudited) | December 31, 2025 | ||||||||||
| Buildings and building components | $ | 90,179\u00a0 | $ | 91,225\u00a0 | |||||||
| Land | 11,698\u00a0 | 12,956\u00a0 | |||||||||
| Leasehold improvements | 60,790\u00a0 | 55,775\u00a0 | |||||||||
| Machinery and equipment | 25,612\u00a0 | 24,946\u00a0 | |||||||||
Furniture, fixtures and office equipment | 24,629\u00a0 | 23,769\u00a0 | |||||||||
| Construction-in-process | 3,880\u00a0 | 4,808\u00a0 | |||||||||
Total property, plant and equipment - gross | 216,788\u00a0 | 213,479\u00a0 | |||||||||
| Less: Accumulated depreciation | (79,611) | (70,158) | |||||||||
Total property, plant and equipment - net | $ | 137,177\u00a0 | $ | 143,321\u00a0 |
\u00a06. OTHER NON-CURRENT ASSETS |
| June 30, 2026 (unaudited) | December 31, 2025 | ||||||||||
| $ | 21,087\u00a0 | $ | 19,724\u00a0 | ||||||||
| Net deferred tax assets | 12,719\u00a0 | 5,145\u00a0 | |||||||||
| Deposits and escrows - properties | 1,721\u00a0 | 1,699\u00a0 | |||||||||
| Indemnification assets | 521\u00a0 | 499\u00a0 | |||||||||
| Deposits - equipment | 336\u00a0 | 386\u00a0 | |||||||||
| Other | 395\u00a0 | 348\u00a0 | |||||||||
| Total other non-current assets | $ | 36,779\u00a0 | $ | 27,801\u00a0 |
| June 30, 2026 (unaudited) | December 31, 2025 | ||||||||||
| $ | 21,087\u00a0 | $ | 19,724\u00a0 | ||||||||
| Net deferred tax assets | 12,719\u00a0 | 5,145\u00a0 | |||||||||
| Deposits and escrows - properties | 1,721\u00a0 | 1,699\u00a0 | |||||||||
| Indemnification assets | 521\u00a0 | 499\u00a0 | |||||||||
| Deposits - equipment | 336\u00a0 | 386\u00a0 | |||||||||
| Other | 395\u00a0 | 348\u00a0 | |||||||||
| Total other non-current assets | $ | 36,779\u00a0 | $ | 27,801\u00a0 |
\u00a07. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES |
| June 30, 2026 (unaudited) | December 31, 2025 | ||||||||||
| Accrued employee related expenses and liabilities | $ | 6,099\u00a0 | $ | 5,955\u00a0 | |||||||
| Operating lease obligations | 6,214\u00a0 | 6,035\u00a0 | |||||||||
| Goods received not invoiced | 2,048\u00a0 | 2,961\u00a0 | |||||||||
| Accrued interest | 2,676\u00a0 | 1,945\u00a0 | |||||||||
| Accrued sales and excise taxes | 1,915\u00a0 | 1,749\u00a0 | |||||||||
| Deferred revenue (loyalty program) | 1,443\u00a0 | 1,596\u00a0 | |||||||||
| Accrued professional and management fees | 594\u00a0 | 564\u00a0 | |||||||||
Deferred income - employee retention credit | 688\u00a0 | 688\u00a0 | |||||||||
| Accrued capital expenditures | 847\u00a0 | 210\u00a0 | |||||||||
| Other accrued expenses and current liabilities | 3,381\u00a0 | 3,828\u00a0 | |||||||||
Total accrued expenses and other current liabilities | $ | 25,905\u00a0 | $ | 25,531\u00a0 |
| June 30, 2026 (unaudited) | December 31, 2025 | ||||||||||
| Accrued employee related expenses and liabilities | $ | 6,099\u00a0 | $ | 5,955\u00a0 | |||||||
| Operating lease obligations | 6,214\u00a0 | 6,035\u00a0 | |||||||||
| Goods received not invoiced | 2,048\u00a0 | 2,961\u00a0 | |||||||||
| Accrued interest | 2,676\u00a0 | 1,945\u00a0 | |||||||||
| Accrued sales and excise taxes | 1,915\u00a0 | 1,749\u00a0 | |||||||||
| Deferred revenue (loyalty program) | 1,443\u00a0 | 1,596\u00a0 | |||||||||
| Accrued professional and management fees | 594\u00a0 | 564\u00a0 | |||||||||
Deferred income - employee retention credit | 688\u00a0 | 688\u00a0 | |||||||||
| Accrued capital expenditures | 847\u00a0 | 210\u00a0 | |||||||||
| Other accrued expenses and current liabilities | 3,381\u00a0 | 3,828\u00a0 | |||||||||
Total accrued expenses and other current liabilities | $ | 25,905\u00a0 | $ | 25,531\u00a0 |
\u00a08. DEBT |
| Effective Interest Rate | Maturity Date | June 30, 2026 (unaudited) | December 31, 2025 | ||||||||||||||
| Principal amounts: | |||||||||||||||||
2026 Term Loan | 16% | March 2029 | $ | 160,000\u00a0 | $ | \u2014\u00a0 | |||||||||||
| Second Lien Notes | n/a | n/a | \u2014\u00a0 | 86,194\u00a0 | |||||||||||||
2024 Term Loan | n/a | n/a | \u2014\u00a0 | 46,075\u00a0 | |||||||||||||
| Acquisition-related promissory notes payable | 8% - 12% | August 2026 - April 2027 | 27,576\u00a0 | 28,337\u00a0 | |||||||||||||
| Mortgage loans | 6% - 10% | January 2027 - September 2030 | 32,222\u00a0 | 32,470\u00a0 | |||||||||||||
| Total debt subject to scheduled repayments | 219,798\u00a0 | 193,076\u00a0 | |||||||||||||||
Promissory notes payable to Sammartino (1) | 10% | September 2024 - September 2026 | 21,500\u00a0 | 21,500\u00a0 | |||||||||||||
| Total debt | 241,298\u00a0 | 214,576\u00a0 | |||||||||||||||
| Less: debt issuance costs and original issue discounts | (11,299) | (8,742) | |||||||||||||||
| Total debt, net | $ | 229,999\u00a0 | $ | 205,834\u00a0 | |||||||||||||
| Debt, net - current portion | $ | 33,623\u00a0 | $ | 6,639\u00a0 | |||||||||||||
| Debt, net - non-current portion | $ | 196,376\u00a0 | $ | 199,195\u00a0 |
| Remainder of the year | 2027 | 2028 | 2029 | 2030 | Total | |||||||||||||||
2026 Term Loan | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 160,000\u00a0 | $ | \u2014\u00a0 | $ | 160,000\u00a0 | ||||||||
| Acquisition-related promissory notes payable | 4,062\u00a0 | 23,514\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 27,576\u00a0 | ||||||||||||||
| Mortgage loans | 257\u00a0 | 9,308\u00a0 | 383\u00a0 | 418\u00a0 | 21,856\u00a0 | 32,222\u00a0 | ||||||||||||||
| Total debt subject to scheduled repayments | $ | 4,319\u00a0 | $ | 32,822\u00a0 | $ | 383\u00a0 | $ | 160,418\u00a0 | $ | 21,856\u00a0 | $ | 219,798\u00a0 |
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||||||||
| Interest expense | |||||||||||||||||||||||
| Interest and accretion - Second Lien Notes | $ | \u2014\u00a0 | $ | 3,390\u00a0 | $ | 3,382\u00a0 | $ | 6,493\u00a0 | |||||||||||||||
Interest and accretion - 2024 Term Loan | \u2014\u00a0 | 2,930\u00a0 | 2,814\u00a0 | 6,120\u00a0 | |||||||||||||||||||
Interest and accretion - 2026 Term Loan | 6,127\u00a0 | \u2014\u00a0 | 6,401\u00a0 | \u2014\u00a0 | |||||||||||||||||||
| Interest and accretion - Finance lease liabilities | 2,555\u00a0 | 2,523\u00a0 | 5,104\u00a0 | 4,998\u00a0 | |||||||||||||||||||
Interest and accretion - Promissory notes | 942\u00a0 | 921\u00a0 | 1,873\u00a0 | 1,735\u00a0 | |||||||||||||||||||
| Interest and accretion - Mortgage loans and other financing activities | 624\u00a0 | 605\u00a0 | 1,243\u00a0 | 1,207\u00a0 | |||||||||||||||||||
| Capitalized interest | (153) | (43) | (246) | (105) | |||||||||||||||||||
| Total interest expense | 10,095\u00a0 | 10,326\u00a0 | 20,571\u00a0 | 20,448\u00a0 | |||||||||||||||||||
| Interest income | (209) | (107) | (297) | (229) | |||||||||||||||||||
| Total interest expense, net | $ | 9,886\u00a0 | $ | 10,219\u00a0 | $ | 20,274\u00a0 | $ | 20,219\u00a0 |
| Effective Interest Rate | Maturity Date | June 30, 2026 (unaudited) | December 31, 2025 | ||||||||||||||
| Principal amounts: | |||||||||||||||||
2026 Term Loan | 16% | March 2029 | $ | 160,000\u00a0 | $ | \u2014\u00a0 | |||||||||||
| Second Lien Notes | n/a | n/a | \u2014\u00a0 | 86,194\u00a0 | |||||||||||||
2024 Term Loan | n/a | n/a | \u2014\u00a0 | 46,075\u00a0 | |||||||||||||
| Acquisition-related promissory notes payable | 8% - 12% | August 2026 - April 2027 | 27,576\u00a0 | 28,337\u00a0 | |||||||||||||
| Mortgage loans | 6% - 10% | January 2027 - September 2030 | 32,222\u00a0 | 32,470\u00a0 | |||||||||||||
| Total debt subject to scheduled repayments | 219,798\u00a0 | 193,076\u00a0 | |||||||||||||||
Promissory notes payable to Sammartino (1) | 10% | September 2024 - September 2026 | 21,500\u00a0 | 21,500\u00a0 | |||||||||||||
| Total debt | 241,298\u00a0 | 214,576\u00a0 | |||||||||||||||
| Less: debt issuance costs and original issue discounts | (11,299) | (8,742) | |||||||||||||||
| Total debt, net | $ | 229,999\u00a0 | $ | 205,834\u00a0 | |||||||||||||
| Debt, net - current portion | $ | 33,623\u00a0 | $ | 6,639\u00a0 | |||||||||||||
| Debt, net - non-current portion | $ | 196,376\u00a0 | $ | 199,195\u00a0 |
| Remainder of the year | 2027 | 2028 | 2029 | 2030 | Total | |||||||||||||||
2026 Term Loan | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 160,000\u00a0 | $ | \u2014\u00a0 | $ | 160,000\u00a0 | ||||||||
| Acquisition-related promissory notes payable | 4,062\u00a0 | 23,514\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 27,576\u00a0 | ||||||||||||||
| Mortgage loans | 257\u00a0 | 9,308\u00a0 | 383\u00a0 | 418\u00a0 | 21,856\u00a0 | 32,222\u00a0 | ||||||||||||||
| Total debt subject to scheduled repayments | $ | 4,319\u00a0 | $ | 32,822\u00a0 | $ | 383\u00a0 | $ | 160,418\u00a0 | $ | 21,856\u00a0 | $ | 219,798\u00a0 |
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||||||||
| Interest expense | |||||||||||||||||||||||
| Interest and accretion - Second Lien Notes | $ | \u2014\u00a0 | $ | 3,390\u00a0 | $ | 3,382\u00a0 | $ | 6,493\u00a0 | |||||||||||||||
Interest and accretion - 2024 Term Loan | \u2014\u00a0 | 2,930\u00a0 | 2,814\u00a0 | 6,120\u00a0 | |||||||||||||||||||
Interest and accretion - 2026 Term Loan | 6,127\u00a0 | \u2014\u00a0 | 6,401\u00a0 | \u2014\u00a0 | |||||||||||||||||||
| Interest and accretion - Finance lease liabilities | 2,555\u00a0 | 2,523\u00a0 | 5,104\u00a0 | 4,998\u00a0 | |||||||||||||||||||
Interest and accretion - Promissory notes | 942\u00a0 | 921\u00a0 | 1,873\u00a0 | 1,735\u00a0 | |||||||||||||||||||
| Interest and accretion - Mortgage loans and other financing activities | 624\u00a0 | 605\u00a0 | 1,243\u00a0 | 1,207\u00a0 | |||||||||||||||||||
| Capitalized interest | (153) | (43) | (246) | (105) | |||||||||||||||||||
| Total interest expense | 10,095\u00a0 | 10,326\u00a0 | 20,571\u00a0 | 20,448\u00a0 | |||||||||||||||||||
| Interest income | (209) | (107) | (297) | (229) | |||||||||||||||||||
| Total interest expense, net | $ | 9,886\u00a0 | $ | 10,219\u00a0 | $ | 20,274\u00a0 | $ | 20,219\u00a0 |
\u00a09. DERIVATIVE LIABILITIES |
Total Derivative Liabilities (1) | ||||||||
| Balance as of January 1, 2026 | $ | 8,607\u00a0 | ||||||
| Fair value changes | (2,645) | |||||||
| Balance as of June 30, 2026 | $ | 5,962\u00a0 |
| June 30, 2026 (unaudited) | December 31, 2025 | ||||||||||
Stock price per share | $0.49 | $0.63 | |||||||||
| Risk-free annual interest rate | 3.97% - 4.15% | 3.48% - 3.60% | |||||||||
| Range of estimated possible exercise price | $1.00 - $2.086 | $1.00 - $2.086 | |||||||||
| Weighted average volatility | 119% | 118% | |||||||||
| Remaining life | 0.4 - 3.1 years | 0.9 - 3.6 years | |||||||||
Forfeiture rate | 0% | 0% | |||||||||
| Expected annual dividend yield | 0% | 0% |
| As of June 30, 2026 | As of December 31, 2025 | ||||||||||||||||||||||||||||||||||
| (unaudited) | |||||||||||||||||||||||||||||||||||
| Input | Effect of 10% Increase | Effect of 10% Decrease | Input | Effect of 10% Increase | Effect of 10% Decrease | ||||||||||||||||||||||||||||||
Stock price per share | $ | 0.49 | $ | 763\u00a0 | $ | (748) | $ | 0.63 | $ | 1,075\u00a0 | $ | (1,057) | |||||||||||||||||||||||
| Volatility | 119\u00a0 | % | 571\u00a0 | (631) | 118\u00a0 | % | 713\u00a0 | (792) |
Total Derivative Liabilities (1) | ||||||||
| Balance as of January 1, 2026 | $ | 8,607\u00a0 | ||||||
| Fair value changes | (2,645) | |||||||
| Balance as of June 30, 2026 | $ | 5,962\u00a0 |
| June 30, 2026 (unaudited) | December 31, 2025 | ||||||||||
Stock price per share | $0.49 | $0.63 | |||||||||
| Risk-free annual interest rate | 3.97% - 4.15% | 3.48% - 3.60% | |||||||||
| Range of estimated possible exercise price | $1.00 - $2.086 | $1.00 - $2.086 | |||||||||
| Weighted average volatility | 119% | 118% | |||||||||
| Remaining life | 0.4 - 3.1 years | 0.9 - 3.6 years | |||||||||
Forfeiture rate | 0% | 0% | |||||||||
| Expected annual dividend yield | 0% | 0% |
| As of June 30, 2026 | As of December 31, 2025 | ||||||||||||||||||||||||||||||||||
| (unaudited) | |||||||||||||||||||||||||||||||||||
| Input | Effect of 10% Increase | Effect of 10% Decrease | Input | Effect of 10% Increase | Effect of 10% Decrease | ||||||||||||||||||||||||||||||
Stock price per share | $ | 0.49 | $ | 763\u00a0 | $ | (748) | $ | 0.63 | $ | 1,075\u00a0 | $ | (1,057) | |||||||||||||||||||||||
| Volatility | 119\u00a0 | % | 571\u00a0 | (631) | 118\u00a0 | % | 713\u00a0 | (792) |
\u00a010. EQUITY |
Non-Derivative (Equity) Warrants | Derivative Liabilities Warrants | Total Number of Warrants | Weighted - Average Exercise Price | ||||||||||||||||||||
Balance as of January\u00a01, 2026 | 57,994,087 | 21,400,000 | 79,394,087 | $ | 0.95\u00a0 | ||||||||||||||||||
| Granted | 100,000\u00a0 | \u2014\u00a0 | 100,000\u00a0 | $ | 0.48\u00a0 | ||||||||||||||||||
Balance as of June\u00a030, 2026 | 58,094,087 | 21,400,000 | 79,494,087 | $ | 0.95\u00a0 | ||||||||||||||||||
Exercisable as of June\u00a030, 2026 | 56,724,087 | 21,400,000 | 78,124,087 | $ | 0.96\u00a0 |
| Weighted average stock price | $0.49 | ||||
| Weighted average expected stock price volatility | 106.4% | ||||
| Expected annual dividend yield | 0% | ||||
Weighted average expected life of warrants | 5.0 years | ||||
| Weighted average risk-free annual interest rate | 4.2% | ||||
| Weighted average grant date fair value | $0.39 |
| Number of Stock Options | Weighted-Average Per Share Exercise Price | ||||||||||
| Issued and Outstanding as of January 1, 2026 | 26,597,918\u00a0 | $ | 0.75\u00a0 | ||||||||
| Granted | 420,000\u00a0 | $ | 0.48\u00a0 | ||||||||
Exercised | (1,666) | $ | 0.30\u00a0 | ||||||||
| Cancelled/forfeited/expired | (98,333) | $ | 0.59\u00a0 | ||||||||
| Issued and Outstanding as of June 30, 2026 | 26,917,919\u00a0 | $ | 0.74\u00a0 | ||||||||
| Exercisable as of June 30, 2026 | 20,050,888\u00a0 | $ | 0.82\u00a0 |
| Six Months Ended June 30, | |||||||||||
| 2026 | 2025 | ||||||||||
| Weighted average stock price | $0.47 | $0.29 | |||||||||
| Weighted average expected stock price volatility | 104.3% | 92.0% | |||||||||
| Expected annual dividend yield | 0% | 0% | |||||||||
| Weighted average expected life | 5.4 years | 5.0 years | |||||||||
| Weighted average risk-free annual interest rate | 4.3% | 4.0% | |||||||||
| Weighted average grant date fair value | $0.38 | $0.21 |
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||||||||
Stock options expense (forfeiture) | $ | 255\u00a0 | $ | 307\u00a0 | $ | 520\u00a0 | $ | (74) | |||||||||||||||
| Restricted stock | \u2014\u00a0 | \u2014\u00a0 | 68\u00a0 | \u2014\u00a0 | |||||||||||||||||||
| Warrants | 57\u00a0 | 67\u00a0 | 116\u00a0 | 141\u00a0 | |||||||||||||||||||
| Total share-based compensation expense, net | $ | 312\u00a0 | $ | 374\u00a0 | $ | 704\u00a0 | $ | 67\u00a0 |
Non-Derivative (Equity) Warrants | Derivative Liabilities Warrants | Total Number of Warrants | Weighted - Average Exercise Price | ||||||||||||||||||||
Balance as of January\u00a01, 2026 | 57,994,087 | 21,400,000 | 79,394,087 | $ | 0.95\u00a0 | ||||||||||||||||||
| Granted | 100,000\u00a0 | \u2014\u00a0 | 100,000\u00a0 | $ | 0.48\u00a0 | ||||||||||||||||||
Balance as of June\u00a030, 2026 | 58,094,087 | 21,400,000 | 79,494,087 | $ | 0.95\u00a0 | ||||||||||||||||||
Exercisable as of June\u00a030, 2026 | 56,724,087 | 21,400,000 | 78,124,087 | $ | 0.96\u00a0 |
| Weighted average stock price | $0.49 | ||||
| Weighted average expected stock price volatility | 106.4% | ||||
| Expected annual dividend yield | 0% | ||||
Weighted average expected life of warrants | 5.0 years | ||||
| Weighted average risk-free annual interest rate | 4.2% | ||||
| Weighted average grant date fair value | $0.39 |
| Number of Stock Options | Weighted-Average Per Share Exercise Price | ||||||||||
| Issued and Outstanding as of January 1, 2026 | 26,597,918\u00a0 | $ | 0.75\u00a0 | ||||||||
| Granted | 420,000\u00a0 | $ | 0.48\u00a0 | ||||||||
Exercised | (1,666) | $ | 0.30\u00a0 | ||||||||
| Cancelled/forfeited/expired | (98,333) | $ | 0.59\u00a0 | ||||||||
| Issued and Outstanding as of June 30, 2026 | 26,917,919\u00a0 | $ | 0.74\u00a0 | ||||||||
| Exercisable as of June 30, 2026 | 20,050,888\u00a0 | $ | 0.82\u00a0 |
| Six Months Ended June 30, | |||||||||||
| 2026 | 2025 | ||||||||||
| Weighted average stock price | $0.47 | $0.29 | |||||||||
| Weighted average expected stock price volatility | 104.3% | 92.0% | |||||||||
| Expected annual dividend yield | 0% | 0% | |||||||||
| Weighted average expected life | 5.4 years | 5.0 years | |||||||||
| Weighted average risk-free annual interest rate | 4.3% | 4.0% | |||||||||
| Weighted average grant date fair value | $0.38 | $0.21 |
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||||||||
Stock options expense (forfeiture) | $ | 255\u00a0 | $ | 307\u00a0 | $ | 520\u00a0 | $ | (74) | |||||||||||||||
| Restricted stock | \u2014\u00a0 | \u2014\u00a0 | 68\u00a0 | \u2014\u00a0 | |||||||||||||||||||
| Warrants | 57\u00a0 | 67\u00a0 | 116\u00a0 | 141\u00a0 | |||||||||||||||||||
| Total share-based compensation expense, net | $ | 312\u00a0 | $ | 374\u00a0 | $ | 704\u00a0 | $ | 67\u00a0 |
\u00a011. LOSS PER SHARE |
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||||||||
| Numerator: | |||||||||||||||||||||||
Net loss | $ | (7,329) | $ | (12,331) | $ | (27,176) | $ | (29,346) | |||||||||||||||
| Denominator: | |||||||||||||||||||||||
Weighted-average shares of common stock - basic and diluted | 198,197,366\u00a0 | 195,196,597\u00a0 | 198,180,409\u00a0 | 195,196,597\u00a0 | |||||||||||||||||||
Loss per common share: | |||||||||||||||||||||||
Basic and diluted | $ | (0.04) | $ | (0.06) | $ | (0.14) | $ | (0.15) | |||||||||||||||
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||||||||
| Stock options | 26,734,036\u00a0 | 24,545,305\u00a0 | 26,653,407\u00a0 | 25,108,643\u00a0 | |||||||||||||||||||
| Warrants (derivative liabilities and equity) | 79,410,571\u00a0 | 79,929,162\u00a0 | 79,402,374\u00a0 | 77,494,994\u00a0 | |||||||||||||||||||
| 106,144,607\u00a0 | 104,474,467\u00a0 | 106,055,781\u00a0 | 102,603,637\u00a0 |
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||||||||
| Numerator: | |||||||||||||||||||||||
Net loss | $ | (7,329) | $ | (12,331) | $ | (27,176) | $ | (29,346) | |||||||||||||||
| Denominator: | |||||||||||||||||||||||
Weighted-average shares of common stock - basic and diluted | 198,197,366\u00a0 | 195,196,597\u00a0 | 198,180,409\u00a0 | 195,196,597\u00a0 | |||||||||||||||||||
Loss per common share: | |||||||||||||||||||||||
Basic and diluted | $ | (0.04) | $ | (0.06) | $ | (0.14) | $ | (0.15) | |||||||||||||||
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||||||||
| Stock options | 26,734,036\u00a0 | 24,545,305\u00a0 | 26,653,407\u00a0 | 25,108,643\u00a0 | |||||||||||||||||||
| Warrants (derivative liabilities and equity) | 79,410,571\u00a0 | 79,929,162\u00a0 | 79,402,374\u00a0 | 77,494,994\u00a0 | |||||||||||||||||||
| 106,144,607\u00a0 | 104,474,467\u00a0 | 106,055,781\u00a0 | 102,603,637\u00a0 |
\u00a012. REVENUE |
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||||||||
| Retail | $ | 61,867\u00a0 | $ | 59,440\u00a0 | $ | 119,741\u00a0 | $ | 116,284\u00a0 | |||||||||||||||
| Wholesale | 9,430\u00a0 | 5,606\u00a0 | 17,988\u00a0 | 12,608\u00a0 | |||||||||||||||||||
| Total revenue, net | $ | 71,297\u00a0 | $ | 65,046\u00a0 | $ | 137,729\u00a0 | $ | 128,892\u00a0 |
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||||||||
| Retail | $ | 61,867\u00a0 | $ | 59,440\u00a0 | $ | 119,741\u00a0 | $ | 116,284\u00a0 | |||||||||||||||
| Wholesale | 9,430\u00a0 | 5,606\u00a0 | 17,988\u00a0 | 12,608\u00a0 | |||||||||||||||||||
| Total revenue, net | $ | 71,297\u00a0 | $ | 65,046\u00a0 | $ | 137,729\u00a0 | $ | 128,892\u00a0 |
\u00a013. OPERATING EXPENSES |
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||||||||
| Salaries, wages and employee related expenses | $ | 14,890\u00a0 | $ | 14,591\u00a0 | $ | 29,610\u00a0 | $ | 28,740\u00a0 | |||||||||||||||
| Depreciation and amortization expenses | 4,726\u00a0 | 4,593\u00a0 | 8,424\u00a0 | 9,190\u00a0 | |||||||||||||||||||
| Rent and related expenses | 2,946\u00a0 | 3,034\u00a0 | 6,168\u00a0 | 6,231\u00a0 | |||||||||||||||||||
| Professional fees and legal expenses | 1,880\u00a0 | 1,855\u00a0 | 4,218\u00a0 | 3,780\u00a0 | |||||||||||||||||||
| Long-lived asset impairment | 1,334\u00a0 | \u2014\u00a0 | 1,334\u00a0 | \u2014\u00a0 | |||||||||||||||||||
| Software and technology expenses | 1,141\u00a0 | 1,102\u00a0 | 2,384\u00a0 | 2,175\u00a0 | |||||||||||||||||||
| Share-based compensation expense | 312\u00a0 | 374\u00a0 | 704\u00a0 | 67\u00a0 | |||||||||||||||||||
| Loss (gain) on asset disposals and lease terminations | 168\u00a0 | (3,424) | 57\u00a0 | (3,298) | |||||||||||||||||||
Other expenses (1) | 3,419\u00a0 | 3,197\u00a0 | 6,211\u00a0 | 6,083\u00a0 | |||||||||||||||||||
| Total operating expenses | $ | 30,816\u00a0 | $ | 25,322\u00a0 | $ | 59,110\u00a0 | $ | 52,968\u00a0 |
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||||||||
| Salaries, wages and employee related expenses | $ | 14,890\u00a0 | $ | 14,591\u00a0 | $ | 29,610\u00a0 | $ | 28,740\u00a0 | |||||||||||||||
| Depreciation and amortization expenses | 4,726\u00a0 | 4,593\u00a0 | 8,424\u00a0 | 9,190\u00a0 | |||||||||||||||||||
| Rent and related expenses | 2,946\u00a0 | 3,034\u00a0 | 6,168\u00a0 | 6,231\u00a0 | |||||||||||||||||||
| Professional fees and legal expenses | 1,880\u00a0 | 1,855\u00a0 | 4,218\u00a0 | 3,780\u00a0 | |||||||||||||||||||
| Long-lived asset impairment | 1,334\u00a0 | \u2014\u00a0 | 1,334\u00a0 | \u2014\u00a0 | |||||||||||||||||||
| Software and technology expenses | 1,141\u00a0 | 1,102\u00a0 | 2,384\u00a0 | 2,175\u00a0 | |||||||||||||||||||
| Share-based compensation expense | 312\u00a0 | 374\u00a0 | 704\u00a0 | 67\u00a0 | |||||||||||||||||||
| Loss (gain) on asset disposals and lease terminations | 168\u00a0 | (3,424) | 57\u00a0 | (3,298) | |||||||||||||||||||
Other expenses (1) | 3,419\u00a0 | 3,197\u00a0 | 6,211\u00a0 | 6,083\u00a0 | |||||||||||||||||||
| Total operating expenses | $ | 30,816\u00a0 | $ | 25,322\u00a0 | $ | 59,110\u00a0 | $ | 52,968\u00a0 |
\u00a014. INCOME TAXES |
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||||||||
Loss before income tax | $ | (8,305) | $ | (2,403) | $ | (19,435) | $ | (10,440) | |||||||||||||||
| Income tax benefit (expense) | $ | 976\u00a0 | $ | (9,928) | $ | (7,741) | $ | (18,906) | |||||||||||||||
| Effective income tax rate | 11.8\u00a0 | % | (413.2) | % | (39.8) | % | (181.1) | % |
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||||||||
Loss before income tax | $ | (8,305) | $ | (2,403) | $ | (19,435) | $ | (10,440) | |||||||||||||||
| Income tax benefit (expense) | $ | 976\u00a0 | $ | (9,928) | $ | (7,741) | $ | (18,906) | |||||||||||||||
| Effective income tax rate | 11.8\u00a0 | % | (413.2) | % | (39.8) | % | (181.1) | % |
\u00a015. RELATED PARTY TRANSACTIONS |
| Three Months Ended June 30, | Six Months Ended June 30, | As of | |||||||||||||||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | June 30, 2026 (unaudited) | December 31, 2025 | ||||||||||||||||||||||||||||||
| Nature of transaction | Related Party Expense | Related Party Expense | Related Party Payable | ||||||||||||||||||||||||||||||||
Second Lien Notes - interest expense and principal amount (1) | $ | \u2014\u00a0 | $ | (780) | $ | (747) | $ | (1,447) | $ | \u2014\u00a0 | $ | (25,909) | |||||||||||||||||||||||
2024 Term Loan - interest expense and principal amount (1) | $ | \u2014\u00a0 | $ | (489) | $ | (421) | $ | (972) | $ | \u2014\u00a0 | $ | (15,200) | |||||||||||||||||||||||
2026 Term Loan - interest expense and principal amount (2) | $ | (1,527) | $ | \u2014\u00a0 | $ | (1,611) | $ | \u2014\u00a0 | $ | (49,009) | $ | \u2014\u00a0 |
| Three Months Ended June 30, | Six Months Ended June 30, | As of | |||||||||||||||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | June 30, 2026 (unaudited) | December 31, 2025 | ||||||||||||||||||||||||||||||
| Nature of transaction | Related Party Expense | Related Party Expense | Related Party Payable | ||||||||||||||||||||||||||||||||
Second Lien Notes - interest expense and principal amount (1) | $ | \u2014\u00a0 | $ | (780) | $ | (747) | $ | (1,447) | $ | \u2014\u00a0 | $ | (25,909) | |||||||||||||||||||||||
2024 Term Loan - interest expense and principal amount (1) | $ | \u2014\u00a0 | $ | (489) | $ | (421) | $ | (972) | $ | \u2014\u00a0 | $ | (15,200) | |||||||||||||||||||||||
2026 Term Loan - interest expense and principal amount (2) | $ | (1,527) | $ | \u2014\u00a0 | $ | (1,611) | $ | \u2014\u00a0 | $ | (49,009) | $ | \u2014\u00a0 |
\u00a016. COMMITMENTS AND CONTINGENCIES |
\u00a017. FINANCIAL INSTRUMENTS |
| June 30, 2026 (unaudited) | December 31, 2025 | ||||||||||
Financial liabilities: (1) | |||||||||||
Derivative liabilities (2) | $ | 5,962\u00a0 | $ | 8,607\u00a0 | |||||||
| Total financial liabilities | $ | 5,962\u00a0 | $ | 8,607\u00a0 |
| June 30, 2026 (unaudited) | December 31, 2025 | ||||||||||
Financial liabilities: (1) | |||||||||||
Derivative liabilities (2) | $ | 5,962\u00a0 | $ | 8,607\u00a0 | |||||||
| Total financial liabilities | $ | 5,962\u00a0 | $ | 8,607\u00a0 |
\u00a018. SEGMENT INFORMATION |