v3.26.1
Balance Sheet Components
12 Months Ended
Dec. 31, 2025
Statement Of Financial Position [Abstract]  
Balance Sheet Components

Note 6. Balance Sheet Components

The Company’s inventories are stated at the lower of cost or net realizable value. Inventories consist of (in thousands):

 

 

December 31,

 

 

2025

 

 

2024

 

Raw materials

 

$

4,854

 

 

$

3,893

 

Finished goods

 

 

2,565

 

 

 

3,582

 

Total

 

$

7,419

 

 

$

7,475

 

The Company wrote down inventory of approximately $639,000 in 2025 related to obsolete inventory at our Singapore production facility and approximately $807,000 in 2024 for inventory designated specifically for one customer that phased out of a legacy program earlier than expected.

 

Property and equipment, net consists of (in thousands):

 

 

December 31,

 

 

2025

 

 

2024

 

Building and leasehold improvements

 

$

1,305

 

 

$

1,315

 

Furniture, fixtures and office equipment

 

 

152

 

 

 

221

 

Plant and machinery

 

 

8,903

 

 

 

17,967

 

Purchased software

 

 

780

 

 

 

724

 

Total

 

 

11,140

 

 

 

20,227

 

Accumulated depreciation

 

 

(3,824

)

 

 

(12,533

)

Property and equipment, net

 

$

7,316

 

 

$

7,694

 

 

The Company recorded depreciation expense of $2.0 million during each of the years ended December 31, 2025 and 2024. Depreciation expense included in discontinued operations was $0.2 million for the year ended December 31, 2024.

Other accrued expenses and liabilities consist of (in thousands):

 

 

December 31,

 

 

 

2025

 

 

2024

 

Accrued professional fees

 

$

802

 

 

$

526

 

Accrued warranties

 

 

250

 

 

 

214

 

Amounts payable under the Transition Services Agreement

 

 

6

 

 

 

354

 

Amounts payable related to purchase price adjustment

 

 

 

 

 

474

 

Other accrued expenses

 

 

561

 

 

 

759

 

Total

 

$

1,619

 

 

$

2,327