v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 67,495 $ 82,777
Inventories, net 14,225 15,255
Other current assets 2,959 2,887
Total current assets 87,800 104,887
Property, plant and equipment, net 26,495 27,556
Goodwill 8,327 8,327
Deferred tax assets 6 6
Lease assets 715 823
Intangible assets, net 741 804
Other long-term assets 3,539 4,008
Total assets 127,623 146,411
Current liabilities:    
Accrued liabilities 9,693 12,362
Current portion of lease liabilities 240 496
Current portion of term loan - related party, net 0 800
Total current liabilities 20,455 22,673
Long-term portion of lease liabilities 365 246
Deferred tax liabilities 158 149
Long-term portion of term loan - related party, net 74,185 74,183
Warrant liabilities 1,518 1,901
Other long-term liabilities 2,626 1,231
Total liabilities 99,307 100,383
Commitments and contingencies (Note 10)
Shareholders' equity:    
Preferred Stock, $0.0001 par value; 0 shares authorized; no shares issued and outstanding as of March 31, 2026 and December 31, 2025 0 0
Common Stock, $0.0001 par value; 800,000 shares authorized; 205,723 shares issued and 204,762 shares outstanding as of March 31, 2026 and 204,925 shares issued and 204,309 shares outstanding as of December 31, 2025 21 20
Treasury Stock, at cost: March 31, 2026 - 961000 shares and December 31, 2025 - 616000 shares (5,244) (4,437)
Additional paid-in-capital 352,711 351,489
Accumulated deficit (319,155) (301,027)
Accumulated other comprehensive (loss) income (17) (17)
Total shareholders' equity 28,316 46,028
Total liabilities and shareholders' equity 127,623 146,411
Nonrelated Party    
Current assets:    
Accounts receivable, net 3,120 3,383
Current liabilities:    
Accounts payable 2,905 2,299
Related Party    
Current assets:    
Accounts receivable, net 1 585
Current liabilities:    
Accounts payable $ 7,617 $ 6,716