Quarterly report [Sections 13 or 15(d)]

INVENTORIES

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INVENTORIES
9 Months Ended
Sep. 30, 2025
Inventory Disclosure [Abstract]  
INVENTORIES INVENTORIES
The Company’s inventories as of September 30, 2025 and December 31, 2024 consisted almost entirely of finished goods inventory, with an insignificant amount of work-in-process inventory.

As of September 30, 2025, the Company had an inventory reserve of $1.1 million. During the second quarter of 2025, the Company recorded inventory reserves of $1.4 million due to the identification of additional slow-moving and obsolete inventory substantially comprised of hardware devices and SIM cards. As of December 31, 2024, the Company had inventory reserve of $0.3 million for slow-moving and obsolete inventory substantially comprised of hardware devices.