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Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 3,276 $ 3,708
Short-term investments, held -to-maturity 20,724 26,688
Accounts receivable, net of allowance for credit losses of $26 thousand and $83 thousand as of June 30, 2025 and December 31, 2024, respectively 5,140 4,312
Inventories, net 7,610 6,801
Prepaid expenses and other current assets 1,307 1,267
Total current assets 38,057 42,776
Property, plant and equipment, net 43,605 45,753
Operating right-of-use lease assets 14,960 15,767
Intangible assets, net 12,517 13,091
Other non-current assets 1,348 1,382
Total assets 110,487 118,769
Current liabilities:    
Accounts payable 1,204 825
Accrued liabilities 3,388 4,541
Current portion of operating lease liabilities 1,886 1,800
Current portion of long-term debt 0 4,045
Total current liabilities 6,478 11,211
Deferred tax liabilities 868 827
Other accrued liabilities 0 10
Long-term debt, net 13,032 9,443
Long-term operating lease liabilities 14,052 14,884
Total liabilities 34,430 36,375
Commitments and contingencies (Note 16)
Stockholders’ equity:    
Preferred stock, $0.00001 par value, 10,000,000 shares authorized at June 30, 2025 and December 31, 2024, respectively, zero shares issued and outstanding at June 30, 2025 and December 31, 2024 0 0
Common stock, $0.00001 par value, 490,000,000 shares authorized at June 30, 2025 and December 31, 2024, 53,514,288 and 53,409,727 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 1 1
Additional paid-in capital 202,802 200,924
Accumulated deficit (126,746) (118,531)
Total stockholders’ equity 76,057 82,394
Total liabilities and stockholders' equity $ 110,487 $ 118,769