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Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 3,204 $ 3,708
Short-term investments, held -to-maturity 18,912 26,688
Accounts receivable, net of allowance for credit losses of $48 and $83 as of September 30, 2025 and December 31, 2024, respectively 5,135 4,312
Inventories, net 6,914 6,801
Prepaid expenses and other current assets 2,398 1,267
Total current assets 36,563 42,776
Property, plant and equipment, net 42,623 45,753
Operating right-of-use lease assets 14,894 15,767
Intangible assets, net 12,230 13,091
Other non-current assets 1,315 1,382
Total assets 107,625 118,769
Current liabilities:    
Accounts payable 1,084 825
Accrued liabilities 3,966 4,541
Current portion of operating lease liabilities 1,886 1,800
Current portion of long-term debt 0 4,045
Total current liabilities 6,936 11,211
Deferred tax liabilities 946 827
Other accrued liabilities 0 10
Long-term debt, net 13,076 9,443
Long-term operating lease liabilities 14,017 14,884
Total liabilities 34,975 36,375
Commitments and contingencies (Note 16)
Stockholders’ equity:    
Preferred stock, $0.00001 par value, 10,000,000 shares authorized at september 30, 2025 and December 31, 2024, respectively, zero shares issued and outstanding at September 30, 2025 and December 31, 2024 0 0
Common stock, $0.00001 par value, 490,000,000 shares authorized at September 30, 2025 and December 31, 2024, 53,524,460 and 53,409,727 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively 1 1
Additional paid-in capital 203,681 200,924
Accumulated deficit (131,032) (118,531)
Total stockholders’ equity 72,650 82,394
Total liabilities and stockholders' equity $ 107,625 $ 118,769