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INVESTMENTS
 6 Months Ended
Jun. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
INVESTMENTS INVESTMENTS
The following table provides a reconciliation of investments to the Company’s condensed consolidated balance sheets (amounts in thousands):
June 30, 2026December 31, 2025
Current (1)
Long-Term
Current (1)
Long-Term
Investment in equity securities$— $1,240 $— $3,270 
Other332 96 325 96 
$332 $1,336 $325 $3,366 
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(1) Presented within prepaid expenses and other current assets on the condensed consolidated balance sheets.
Investment in Equity Securities
In 2022 and 2023, the Company purchased equity securities in KORE Power, Inc. (“KORE”), a U.S. manufacturer of battery cells and modules. These equity securities do not have a readily determinable fair value and are recorded at cost, less any impairment, plus or minus adjustments for observable price changes in orderly transactions for the same or similar securities, with unrealized gains and losses recognized in earnings.
For the three and six months ended June 30, 2026, the Company recorded an impairment of $2.0 million related to its investment in KORE equity securities based on updated information received during the quarter, including KORE’s pending merger transaction and the estimated consideration expected to be available to KORE Class A preferred stockholders. The impairment was recorded in other expense, net, in the condensed consolidated statements of operations and comprehensive loss.
The cost basis of the KORE equity securities is $15.0 million, and cumulative impairment recorded as of June 30, 2026 and December 31, 2025 was $13.8 million and $11.7 million, respectively.