Inventory

12 Months Ended

Dec. 31, 2024

Inventory Disclosure [Abstract]

Inventory

5. Inventory

The Company’s major classes of inventories were as follows:

	December 31,
	2024			2023
Raw materials	$	42		$	3,081
Work in progress		8,093			10,696
Finished goods		11,964			10,922
Inventory, gross		20,099			24,699
Less: inventory reserves		(2,103	)		(2,289	)
Inventory, net	$	17,996		$	22,410
Balance sheet classification:
Inventory	$	5,409		$	5,753
Inventory, net of current portion		12,587			16,657
	$	17,996		$	22,410

Inventory, net of current portion includes inventory expected to remain on-hand beyond one year from each balance sheet date presented.

The Company recognized a $466 inventory impairment charge during the year ended December 31, 2024 in the consolidated statements of operations and comprehensive loss due to lower of cost or net realizable value adjustments for finished goods. The Company recognized a $5,384 inventory impairment charge during the year ended December 31, 2023 in the consolidated statements of operations and comprehensive loss due to lower of cost or net realizable value adjustments of $2,129 for finished goods and $3,255 for work in progress.

A schedule of the activity in the inventory reserves is as follows:

Balance at January 1, 2023	$	1,099
Provision for obsolete inventory		7,627
Write-offs		(6,437	)
Balance at December 31, 2023		2,289
Provision for obsolete inventory		(186	)
Balance at December 31, 2024	$	2,103