
	As of:
(Amounts in thousands)	March 31, 2026		December 31, 2025
Raw materials	$	5,966	$	6,414
Work in progress	1,718		1,685
Finished goods - manufactured	1,328		2,031
Total manufactured inventories	$	9,012	$	10,130

As the Company is a contract manufacturer, all of its inventories are manufactured by a third party.

There were no purchases of finished goods for resale during the three months ended March 31, 2026 or 2025.

The details of “prepaid expenses and other current assets” are set forth in the table, below:


	As of:
(Amounts in thousands)	March 31, 2026		December 31, 2025
Prepaid expenses:
Prepaid insurance premiums	$	1,285	$	223
Prepaid software licenses and maintenance	963		959
Prepaid compensation	781		413
Other prepaid expenses	11		37
Other current assets:
Vendor deposits	2,831		1,608
Tax assets (1)	456		433
Other current assets	96		330
Total prepaid expenses and other current assets	$	6,423	$	4,003

(1) “Tax assets” includes corporate income taxes receivable, sale taxes receivable and withholding taxes related to employee compensation.

A detail of accrued expenses and other current liabilities is set forth in the table, below:


	As of:
(Amounts in thousands)	March 31, 2026		December 31, 2025
Accrued expenses:
Accrued compensation	$	2,547	$	2,787
Accrued professional fees	1,467		1,654
Accrued technology fees	878		208
Other accrued expenses	368		968
Accrued purchase commitments	223		135
Other current liabilities
Other current liabilities (1)	882		49
Accrued loss on purchase commitments	580		580
Income tax payable	307		319
Total accrued expenses and other current liabilities	$	7,252	$	6,700

(1) As of March 31, 2026, the balance of “other current liabilities” as presented above was substantially comprised of a short-term loan for directors and officers’ insurance.