v3.26.1
BALANCE SHEET DETAILS
 6 Months Ended
Jun. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
BALANCE SHEET DETAILS
6. BALANCE SHEET DETAILS
Inventories
Inventories consisted of the following (in thousands):
As of June 30,
2026		As of December 31,
2025
Raw materials$3,393 $2,746 
Work-in-process95 30 
Total inventories$3,488 $2,776 
Prepaid expenses and other current assets
Prepaid expenses and other current assets consisted of the following (in thousands):
As of June 30,
2026		As of December 31,
2025
Prepaid services$1,705 $1,339 
Interest receivable2,855 3,093 
Prepaid software1,730 1,550 
Prepaid insurance282 421 
Prepaid rent323 182 
Other1,977 803 
Total prepaid expenses and other current assets$8,872 $7,388 

Other non-current assets, net
Other non-current assets, net consisted of the following (in thousands):
As of June 30,
2026		As of December 31,
2025
Investment in equity securities$4,232 $2,391 
Deferred financing costs742 725 
Long-term deposits298 251 
Contract acquisition costs, net4,042 940 
Total $9,314 $4,307 
Equity Securities
During the six months ended June 30, 2026, an observable transaction occurred in the class of securities held by the Company in one of our privately-held equity investees. Consequently, the carrying value of the Company’s investment was adjusted based on the transaction price, resulting in a net gain of $1.9 million, recorded in gain on investment in marketable securities, net on the condensed consolidated statements of operations and comprehensive loss.
Deferred financing costs
The deferred financing costs are deferred issuance costs related to the Equipment Financing Agreement. See Note 9 - Loans payable, net for additional information.
Accrued expenses and other current liabilities
Accrued expenses and other current liabilities consisted of the following (in thousands):
As of June 30,
2026		As of December 31,
2025
Accrued compensation and related benefits$7,941 $10,348 
Accrued professional services3,040 4,086 
Other accruals1,154 1,404 
Total accrued expenses and other current liabilities$12,135 $15,838