5. Balance Sheet ComponentsInventory Inventories consist of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
June 30, |
|
|
December 31, |
|
|
|
2026 |
|
|
2025 |
|
Raw materials |
|
$ |
171 |
|
|
$ |
208 |
|
Work-in-process |
|
|
671 |
|
|
|
196 |
|
Finished goods |
|
|
622 |
|
|
|
543 |
|
Total inventory |
|
$ |
1,464 |
|
|
$ |
947 |
|
There were no inventory write-downs during the six months ended June 30, 2026 and 2025. Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consist of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
June 30, |
|
|
December 31, |
|
|
|
2026 |
|
|
2025 |
|
Prepaid inventory |
|
$ |
7,322 |
|
|
$ |
1,099 |
|
Prepaid insurance and other expenses |
|
|
905 |
|
|
|
757 |
|
Lease deposit |
|
|
377 |
|
|
|
408 |
|
Other receivables and current assets |
|
|
79 |
|
|
|
54 |
|
Total prepaid expenses and other current assets |
|
$ |
8,683 |
|
|
$ |
2,318 |
|
Accrued and Other Current Liabilities Accrued and other current liabilities consist of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
June 30, |
|
|
December 31, |
|
|
|
2026 |
|
|
2025 |
|
Accrued payables |
|
$ |
5,328 |
|
|
$ |
7,638 |
|
Payroll and related expenses |
|
|
5,845 |
|
|
|
8,168 |
|
Other taxes payable |
|
|
3,960 |
|
|
|
4,220 |
|
Professional fees |
|
|
947 |
|
|
|
937 |
|
Interest payable |
|
|
868 |
|
|
|
594 |
|
Other |
|
|
126 |
|
|
|
123 |
|
Total accrued and other current liabilities |
|
$ |
17,074 |
|
|
$ |
21,680 |
|
Contract Assets The following represents the activity related to contract assets (in thousands):
|
|
|
|
|
|
|
June 30, |
|
|
|
2026 |
|
Beginning of period |
|
$ |
5,432 |
|
Service revenue amounts invoiced during period |
|
|
(2,238 |
) |
Unbilled service revenue recognized |
|
|
1,949 |
|
End of period |
|
$ |
5,143 |
|
|