v3.26.1
Related Party Transactions
 6 Months Ended
Jun. 30, 2026
Related Party Transactions  
Related Party Transactions

13. Related Party Transactions

A summary of balances and transactions with the related parties who are stockholders of the Company were as follows (in thousands):

 

 

June 30, 2026

 

 

December 31, 2025

 

 

Anapass

 

 

Kyeongho Lee

 

 

Anapass

 

 

Kyeongho Lee

 

Borrowings

 

$

27,571

 

 

$

5,514

 

 

$

29,619

 

 

$

8,711

 

Other current liabilities

 

 

30

 

 

 

1,568

 

 

 

38

 

 

 

2,611

 

 

For the three and six months ended June 30, 2026, the Company recorded $0.5 million and $1.0 million, respectively, of interest expense with Anapass, Inc. in the unaudited condensed consolidated statements of operations. For the three and six months ended June 30, 2025, the Company recorded $0.2 million and $0.4 million, respectively, of interest expense with Anapass, Inc. in the unaudited condensed consolidated statements of operations.

For the three and six months ended June 30, 2026, the Company recorded $0.5 million and $1.2 million, respectively, of interest expense with Kyeongho Lee in the unaudited condensed consolidated statements of operations. For the three and six months ended June 30, 2025, the Company recorded $0.9 million and $1.4 million, respectively, of interest expense with Kyeongho Lee in the unaudited condensed consolidated statements of operations. Penalties are incurred at 3.0% of principal per month on loans from Kyeongho Lee that are past their maturity dates, calculated daily until the principal and accrued interest are paid (see Note 6).