v3.26.1
Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 6,004 $ 5,912
Short-term investments, held -to-maturity 11,432 15,426
Accounts receivable, net of allowance for credit losses of $27 thousand and $23 thousand as of June 30, 2026 and December 31, 2025, respectively 5,408 4,618
Inventories, net 6,911 7,054
Prepaid expenses and other current assets 1,069 1,501
Total current assets 30,824 34,511
Property, plant and equipment, net 39,311 41,733
Operating right-of-use lease assets 13,247 14,112
Intangible assets, net 11,369 11,943
Other non-current assets 1,127 1,285
Total assets 95,878 103,584
Current liabilities:    
Accounts payable 1,438 1,378
Accrued liabilities 3,476 4,283
Current portion of operating lease liabilities 1,958 1,876
Total current liabilities 6,872 7,537
Deferred tax liabilities 956 879
Long-term debt, net 13,218 13,123
Long-term operating lease liabilities 12,232 13,270
Total liabilities 33,278 34,809
Stockholders’ equity:    
Preferred stock, $0.00001 par value, 10,000,000 shares authorized at June 30, 2026 and December 31, 2025, respectively, zero shares issued and outstanding at June 30, 2026 and December 31, 2025 0 0
Common stock, $0.00001 par value, 490,000,000 shares authorized at June 30, 2026 and December 31, 2025, 53,682,647 and 53,562,154 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 1 1
Additional paid-in capital 206,114 204,564
Accumulated deficit (143,515) (135,790)
Total stockholders’ equity 62,600 68,775
Total liabilities and stockholders' equity $ 95,878 $ 103,584