OTHER ACCRUED LIABILITIES |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| OTHER ACCRUED LIABILITIES | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| OTHER ACCRUED LIABILITIES | 6. OTHER ACCRUED LIABILITIES Other accrued liabilities consist of the following:
During 2024 and 2025, certain tariffs were incorrectly assessed on a portion of the Company’s imported finished goods. During 2025, the Company filed claims with U.S. Customs and Border Protection seeking corrections of those tariff assessments. During the three and six months ended June 30, 2026, respectively, the Company received approximately $181 thousand and $329 thousand in tariff refunds related to these claims. In addition, the Company received approximately $1.3 million in the six months ended June 30, 2026, including interest, in tariff refunds that were processed incorrectly and are subject to potential repayment. Accordingly, these amounts have been recorded as a liability within other accrued liabilities on the Company’s condensed balance sheets. |
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