v3.26.1
Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2026
Commitments and Contingencies [Abstract]  
Schedule of List of Payment Guarantees Provided by Third Parties

The list of payment guarantees provided by third parties to the Company as of March 31, 2026, are as follows:

 

Provider  Type  Guaranteed
Amount
   Beneficiary
K-SURE (Korea Trade Insurance Corporation)  Trade Bill Loan  $85   Industrial Bank of Korea
KODIT (Korea Credit Guarantee Fund)  Operating Funds Loan   1,097   Industrial Bank of Korea
SGI (Seoul Guarantee Insurance)  Government Grant   174   Korea Occupational Safety and Health Agency
SGI (Seoul Guarantee Insurance)  Defects Liability Guarantee Insurance   9   LS ELECTRIC Co., Ltd., Korea Institute for Robot Industry Advancement (KIRIA)
SGI (Seoul Guarantee Insurance)  Payment Guarantee Insurance   17   Korea Industrial Technology Association (KOITA)
KIBO(Korea Technology Finance Corporation)  Working capital loans Guarantee   198   Hana Bank
Schedule of Commitments with Financial Institutions

The main commitments with financial institutions as of March 31, 2026, are as follows:

 

Financial Institution  Type  Credit Line   Used
Amounts
 
Industrial Bank of Korea(1)(2)  Operating Funds Loan  $4,735   $4,176 
KOSME (Korea SMEs and Startups Agency)  Operating Funds Loan   661    348 
Woori Bank  Operating Funds Loan   529    120 
Hana Bank  Facility loans   190    190 
Hana Bank  Working capital loans   198    198 
Total     $6,313   $5,032 

 

(1)As of March 31, 2026 land, buildings, machinery, and equipment have been provided as collateral (with a secured amount of $3.3 million for long term debt (refer to Note 7 - Property, Plant and Equipment, Net and Note 9 - Debt) and joint guarantees issued for related parties (refer to Note 17 - Related Party Transactions).
(2)As of March 31, 2026, the Company established pledge fire insurance claims (with a pledge amount of $1.5 million (refer to Note 9 - Debt).