Balance Sheet Components (Tables)
|
6 Months Ended |
Jun. 30, 2025 |
|---|
| Organization, Consolidation and Presentation of Financial Statements [Abstract] |
|
| Schedule of Accounts Receivable, Net |
Accounts
receivable, net consisted of the following:
Schedule
of Accounts Receivable, Net
| |
|
June 30, |
|
|
December 31, |
|
| |
|
2025 |
|
|
2024 |
|
| |
|
(In thousands) |
|
| Trade receivables |
|
$ |
7,216 |
|
|
$ |
7,130 |
|
| Less: Allowances for credit losses |
|
|
(1,822 |
) |
|
|
(3,407 |
) |
| Total |
|
$ |
5,394 |
|
|
$ |
3,723 |
|
|
| Schedule of Inventories |
Inventories
consisted of the following:
Schedule
of Inventories
| |
|
June 30, |
|
|
December 31, |
|
| |
|
2025 |
|
|
2024 |
|
| |
|
(In thousands) |
|
| Raw materials |
|
$ |
30,024 |
|
|
$ |
29,386 |
|
| Work-in-progress |
|
|
3,076 |
|
|
|
9,660 |
|
| Finished goods |
|
|
5,317 |
|
|
|
10,907 |
|
| Total |
|
$ |
38,417 |
|
|
$ |
49,953 |
|
|
| Schedule of Prepaid Expenses and Other Current Assets |
Prepaid
expenses and other current assets consisted of the following:
Schedule
of Prepaid Expenses and Other Current Assets
| |
|
June 30, |
|
|
December 31, |
|
| |
|
2025 |
|
|
2024 |
|
| |
|
(In thousands) |
|
| Prepaid insurance and other |
|
$ |
1,706 |
|
|
$ |
1,724 |
|
| Vendor prepayments |
|
|
1,077 |
|
|
|
612 |
|
| Total |
|
$ |
2,783 |
|
|
$ |
2,336 |
|
|
| Schedule of Property and Equipment, Net |
Property
and equipment, net consisted of the following:
Schedule
of Property and Equipment, Net
| |
|
June 30, |
|
|
December 31, |
|
| |
|
2025 |
|
|
2024 |
|
| |
|
(In thousands) |
|
| Computers and software |
|
$ |
2,525 |
|
|
$ |
2,525 |
|
| Lab equipment and other equipment |
|
|
13,395 |
|
|
|
11,011 |
|
| Furniture and fixtures |
|
|
206 |
|
|
|
206 |
|
| Leasehold improvements |
|
|
13,379 |
|
|
|
13,312 |
|
| Construction in progress |
|
|
88 |
|
|
|
— |
|
| Total property, plant and equipment |
|
|
29,593 |
|
|
|
27,054 |
|
| Less accumulated depreciation and amortization |
|
|
(14,392 |
) |
|
|
(12,784 |
) |
| Property, plant and equipment, net |
|
$ |
15,201 |
|
|
$ |
14,270 |
|
|
| Schedule of Other Assets |
Other
assets consisted of the following:
Schedule
of Other Assets
| |
|
June 30, |
|
|
December 31, |
|
| |
|
2025 |
|
|
2024 |
|
| |
|
(In thousands) |
|
| Right of use assets |
|
$ |
7,838 |
|
|
$ |
8,774 |
|
| Net Investment in sales type lease |
|
|
2,220 |
|
|
|
2,712 |
|
| Non-current prepaid expenses and other assets |
|
|
1,383 |
|
|
|
2,027 |
|
| Total Other assets |
|
$ |
11,441 |
|
|
$ |
13,513 |
|
|
| Schedule of Accrued and Other Current Liabilities |
Accrued
expenses and other current liabilities consisted of the following:
Schedule
of Accrued and Other Current Liabilities
| |
|
June 30, |
|
|
December 31, |
|
| |
|
2025 |
|
|
2024 |
|
| |
|
(In
thousands) |
|
| Accrued
expenses |
|
$ |
1,759 |
|
|
$ |
1,173 |
|
| Accrued
salaries and benefits |
|
|
786 |
|
|
|
560 |
|
| Lease
liability – current portion |
|
|
1,718 |
|
|
|
1,778 |
|
| Total
Accrued expenses and other current liabilities |
|
$ |
4,263 |
|
|
$ |
3,511 |
|
|
| Schedule of Other Noncurrent Liabilities |
Other
noncurrent liabilities consisted of the following:
Schedule
of Other Noncurrent Liabilities
| |
|
June 30, |
|
|
December 31, |
|
| |
|
2025 |
|
|
2024 |
|
| |
|
(In
thousands) |
|
| Lease
liabilities – noncurrent portion |
|
$ |
7,620 |
|
|
$ |
8,475 |
|
| Other
noncurrent liabilities |
|
|
1,076 |
|
|
|
863 |
|
| Total
other noncurrent liabilities |
|
$ |
8,696 |
|
|
$ |
9,338 |
|
|