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Deposits (current and non-current) and Other Current Assets
 12 Months Ended
Dec. 31, 2025
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Deposits (current and non-current) and Other Current Assets Deposits (current and non-current) and Other Current Assets
Deposits and other current assets consist of the following as of:
(in thousands)December 31, 2025December 31, 2024
Deposits
Deposits for research and development, prototype and production parts, and other$21,280 $29,318 
Deposits for goods and services yet to be received (“Future Work”)1,676 1,776 
$22,956 $31,094 
Deposits, current portion$10,499 $31,094 
Deposits, non-current portion (1)
$12,457 $— 
Other current assetsDecember 31, 2025December 31, 2024
Prepaid expenses$7,117 $4,832 
Other current assets1,846 1,295 
$8,963 $6,127 
1) Non-current deposits presented as part of Other non-current assets in the Consolidated Balance Sheets
Deposits for R&D, prototype and production parts, and other related items are recognized and reported as R&D expenses in the Consolidated Statements of Operations and Comprehensive Loss when services are provided or as prototype parts are received. The Company makes deposits for inventory and property and equipment items which are classified as Deposits for goods and services yet to be received (“Future Work”).
Prepaid expenses primarily consist of software subscriptions and insurance, and Other current assets includes certain deferred expenses.
For the year ended December 31, 2025, the Company recorded an $8.5 million an impairment charge related to deposits. The impairment loss is included within Impairment of long-lived assets and deposits on the Consolidated Statements of Operations and Comprehensive Loss.