v3.26.1
BALANCE SHEET DETAILS - CURRENT ASSETS AND CURRENT LIABILITIES (Tables)
6 Months Ended
Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Summary of Inventories

Inventories

The following table shows the components of inventory (in thousands):

 

 

June 30, 2026

 

 

December 31, 2025

 

Raw materials

 

$

10,787

 

 

$

14,281

 

Work in progress

 

 

1,055

 

 

 

672

 

Finished goods

 

 

8,318

 

 

 

3,196

 

Total inventories

 

$

20,160

 

 

$

18,149

 

Summary of Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets

The following table shows the components of prepaid expenses and other current assets (in thousands):

 

 

June 30, 2026

 

 

December 31, 2025

 

Prepaid expenses:

 

 

 

 

 

 

Deposits on inventory

 

$

2,709

 

 

$

1,020

 

Prepaid insurance

 

 

374

 

 

 

891

 

Prepaid rent

 

 

6

 

 

 

445

 

Prepaid software

 

 

557

 

 

 

 

Other prepaid expenses

 

 

132

 

 

 

334

 

Other current assets:

 

 

 

 

 

 

Income tax receivable

 

 

2,295

 

 

 

1,176

 

Total

 

$

6,073

 

 

$

3,866

 

Summary of Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities

The following table shows the components of accrued expenses and other current liabilities (in thousands):

 

 

June 30, 2026

 

 

December 31, 2025

 

Accrued expenses:

 

 

 

 

 

 

Accrued compensation and related benefits

 

$

3,885

 

 

$

5,662

 

Accrued insurance

 

 

310

 

 

 

616

 

Accrued professional services

 

 

13

 

 

 

210

 

Accrued inventory and property, plant, and equipment purchases

 

 

98

 

 

 

1,014

 

Accrued interest

 

 

688

 

 

 

493

 

Accrued property taxes

 

 

556

 

 

 

86

 

Accrued management fees

 

 

503

 

 

 

504

 

Other

 

 

336

 

 

 

991

 

Other current liabilities:

 

 

 

 

 

 

Income tax payable

 

$

1,021

 

 

$

 

Sales tax payable

 

 

287

 

 

 

276

 

Unbilled lost-in-hole revenue

 

 

 

 

 

137

 

Deferred income

 

 

1,062

 

 

 

722

 

Total accrued expenses and other current liabilities

 

$

8,759

 

 

$

10,711