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Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 3,708 $ 28,484
Short-term investments, held -to-maturity 26,688 0
Accounts receivable, net of allowance for credit losses of $83 thousand and $20 thousand as of December 31, 2024 and December 31, 2023, respectively 4,312 3,948
Inventories, net 6,801 11,594
Prepaid expenses and other current assets 1,267 1,634
Total current assets 42,776 45,660
Property, plant and equipment, net 45,753 50,364
Operating right-of-use lease assets 15,767 16,472
Intangible assets, net 13,091 14,239
Other non-current assets 1,382 1,852
Total assets 118,769 128,587
Current liabilities:    
Accounts payable 825 1,493
Accrued liabilities 4,541 5,579
Less: current portion 1,800 1,803
Current portion of long-term debt 4,045 0
Total current liabilities 11,211 8,875
Deferred tax liabilities 827 919
Other accrued liabilities 10 102
Long-term debt, net 9,443 13,251
Lease liabilities less current portion (14,884) 14,884 15,404
Total liabilities 36,375 38,551
Commitments and contingencies (Note 16)
Stockholders’ equity:    
Preferred stock, $0.00001 par value, 10,000,000 shares authorized at December 31, 2024 and December 31, 2023, respectively, zero shares issued and outstanding at December 31, 2024 and December 31, 2023 0 0
Common stock, $0.00001 par value, 490,000,000 shares authorized at December 31, 2024 and December 31, 2023, respectively, 53,409,727 and 40,793,848 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively 1 0
Additional paid-in capital 200,924 181,822
Accumulated deficit (118,531) (91,786)
Total stockholders’ equity 82,394 90,036
Total liabilities and stockholders equity $ 118,769 $ 128,587