Balance Sheet Components

6 Months Ended

Jun. 30, 2026

Statement Of Financial Position [Abstract]

Note 5. Balance Sheet Components

The Company’s inventories are stated at the lower of cost or net realizable value. Inventories consist of (in thousands):


	June 30, 2026		December 31, 2025
Raw materials	$	5,573	$	4,854
Work-in-progress		11		—
Finished goods		2,917		2,565
Total	$	8,501	$	7,419

Property and equipment, net consists of (in thousands):


	June 30, 2026			December 31, 2025
Building and leasehold improvements	$	1,408		$	1,305
Furniture, fixtures and office equipment		178			152
Plant and machinery		9,507			8,903
Purchased software		837			780
Total		11,930			11,140
Accumulated depreciation		(4,566	)		(3,824	)
Property and equipment, net	$	7,364		$	7,316

The Company recorded depreciation expense of $564,000 and $490,000 during the three months ended June 30, 2026 and 2025, respectively, and $1.1 million and $980,000 during the six months ended June 30, 2026 and 2025, respectively.

Other accrued expenses and liabilities consist of (in thousands):


	June 30, 2026		December 31, 2025
Accrued professional fees	$	1,572	$	802
Accrued warranties		192		250
Other accrued expenses		631		567
Total	$	2,395	$	1,619