Annual report [Section 13 and 15(d), not S-K Item 405]

Accrued Liabilities

v3.25.4
Accrued Liabilities
 12 Months Ended
Dec. 31, 2025
Accrued Liabilities, Current [Abstract]  
Accrued Liabilities Accrued Liabilities
Accrued liabilities consist of the following (dollars in thousands):
December 31,
2025 2024
Accrued compensation and benefits $ 5,919  $ 5,873 
Accrued freight 4,333  478 
Accrued software contracts
 4,024  — 
Accrued professional fees 2,761  3,014 
Deferred purchase incentive 2,506  2,264 
Accrued marketing 2,330  4,180 
Accrued donations
 1,709  1,369 
Accrued sales and other taxes 1,137  1,164 
Accrued inventory purchases 843  2,175 
Other accrued expenses 6,893  7,383 
Total accrued liabilities $ 32,455  $ 27,900 
Deferred purchase incentive
During the second quarter of 2024, we entered into an agreement with a co-manufacturing partner for the manufacture and distribution of rounds. As part of this agreement we received a purchase incentive of $9,500 to compensate for incremental transition costs. An amendment to this agreement was entered into during the third quarter of 2024 whereby an additional purchase incentive of $4,000 was received. This purchase incentive will be recognized as a reduction of cost of sales based on units sold over five years. Recognition of this fee commenced during the third quarter of 2024 based upon the terms of the related agreement (as amended). $2,506 of the deferred purchase incentive is classified as current at December 31, 2025 based upon the amount expected to be recognized in the next twelve months, while $7,626 is classified as long-term and is recorded in “Other non-current liabilities” on our consolidated balance sheets at December 31, 2025.