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Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 6,145 $ 28,484
Short-term investments, held -to-maturity 25,546 0
Accounts receivable, net of allowance for credit losses of $74 thousand and $20 thousand as of September 30, 2024 and December 31, 2023, respectively 4,605 3,948
Inventories, net 7,674 11,594
Prepaid expenses and other current assets 1,960 1,634
Total current assets 45,930 45,660
Property, plant and equipment, net 46,715 50,364
Operating right-of-use lease assets 16,558 16,472
Intangible assets, net 13,378 14,239
Other non-current assets 1,518 1,852
Total assets 124,099 128,587
Current liabilities:    
Accounts payable 975 1,493
Accrued liabilities 4,373 5,579
Current portion of operating lease liabilities 1,843 1,803
Current portion of long-term debt 2,528 0
Total current liabilities 9,719 8,875
Deferred tax liabilities 867 919
Other accrued liabilities 30 102
Long-term debt, net 10,857 13,251
Long-term operating lease liabilities 15,358 15,404
Total liabilities 36,831 38,551
Stockholders’ equity:    
Preferred stock, $0.00001 par value, 10,000,000 shares authorized at September 30, 2024 and December 31, 2023, respectively, zero shares issued and outstanding at September 30, 2024 and December 31, 2023 0 0
Common stock, $0.00001 par value, 490,000,000 shares authorized at September 30, 2024 and December 31, 2023, 53,302,993 and 40,793,848 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 1 0
Additional paid-in capital 200,079 181,822
Accumulated deficit (112,812) (91,786)
Total stockholders’ equity 87,268 90,036
Total liabilities and stockholders' equity $ 124,099 $ 128,587