Reported a net loss of $36.3 million for the three months ended March 31, 2026, compared to a $4.1 million loss in the same period last year. Revenue for the quarter was $8.7 million, a 23.9% decrease from $11.4 million in the prior year period. Recognized a $25.9 million impairment charge on right-of-use assets due to a shift in business strategy toward a dropship model, rendering warehouse space excess. Working capital deficit stands at approximately $24.9 million as of March 31, 2026. Management has identified substantial doubt regarding the company's ability to continue as a going concern.