Revenue and Accounts Receivable (Tables)

3 Months Ended

Mar. 31, 2026

Revenue from Contract with Customer [Abstract]

Schedule of Revenue by Geographic Location

The following table sets forth the Company’s revenue disaggregated by geographical location, determined by reference to the customer’s shipping location for the three months ended March 31, 2026 and 2025:


	Three Months Ended March 31,
(Amounts in thousands, except for percentages)	2026		%	2025		%
United States	$	2,597	94.9%	$	—	—%
China	—		—%	960		95.3%
Other	141		5.1%	47		4.7%
Total revenue	$	2,738		$	1,007

Schedule of Disaggregation of Revenue

The following table sets forth the Company’s revenue disaggregated based on the method of revenue recognition for the three months ended March 31, 2026 and 2025:


	Three Months Ended March 31,
(Amounts in thousands)	2026		2025
Revenue recognized at a point in time	$	2,727	$	1,007
Revenue recognized over time	11		—
Total revenue	$	2,738	$	1,007

Schedule of Revenue by Major Customers

The following table sets forth a summary of the Company’s revenue concentration by customer for the three months ended March 31, 2026 and 2025:


	Three Months Ended March 31,
(Amounts in thousands, except for percentages)	2026		%	2025		%


Customer A (1)	$	2,597	94.9%	$	—	—%


Customer B	—		—%	960		95.3%
Others (2)	141		5.1%	47		4.7%
Total revenue	$	2,738		$	1,007

(1) Customer A is a related party.

(2) Each of the customers within “Others” comprised less than 10% of revenue each.

Schedule of Provision for Credit Losses

The balances and activity within the Company’s provision for credit losses as of and for the three months ended March 31, 2026 and as of and for the year ended December 31, 2025 are set forth as follows:


(Amounts in thousands)
Balance, January 1, 2025	$	420
Additions to provision for credit losses	523
Additions to provision for credit losses - related party	34
Write-off activity	(420)
Balance, December 31, 2025	557
Reversal of provision due to collection of full balance	(34)
Additions to provision for credit losses	1,907
Balance, March 31, 2026	$	2,430

Schedule of Accounts Receivable by Major Customer

The following table sets forth the summary of the Company’s concentration of accounts receivable by customer as of March 31, 2026 (1):


(Amounts in thousands, except for percentages)	$		%
Customer C (2)	$	8,844	46.2%
Customer D (2)	9,021		47.1%
Others (3)	1,292		6.7%
Total accounts receivable	19,157
Less: provision for credit losses:	(2,430)
Accounts receivable, net	$	16,727

(1) There were no accounts receivable due from related parties as of March 31, 2026.

(2) The geographic concentration of these accounts receivable is in China.

(3) Each customer within “Others” individually comprised less than 10% each of the Company’s accounts receivable balance.

The following table sets forth the summary of the Company’s concentration of accounts receivable by customer as of December 31, 2025:


(Amounts in thousands, except for percentages)	$		%
Customer C (1)	$	8,844	23.7	%
Customer D (1) (2)	23,750		63.8	%

Others (3) (4)	4,656		12.5	%
Total accounts receivable, including due from related party	$	37,250
Less: provision for credit losses:	(557)
Accounts receivable, net, including due from related party	$	36,693

(1) The geographic concentration of these accounts receivable is from customers located in China.

(2) Subsequent to December 31, 2025, and as of May 14, 2026, the Company had received payments of $16.9 million from this customer.

(3) Each customer within “Others” individually comprised less than 10% each of the Company’s accounts receivable balance.

(4) Includes receivable due from a related party of $3.4 million, which was paid in full subsequent to December 31, 2025.