BALANCE SHEET DETAILS - CURRENT ASSETS AND CURRENT LIABILITIES

3 Months Ended

Mar. 31, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

BALANCE SHEET DETAILS - CURRENT ASSETS AND CURRENT LIABILITIES

NOTE 5 – BALANCE SHEET DETAILS - CURRENT ASSETS AND CURRENT LIABILITIES

Inventories, net

The following table shows the components of inventory (in thousands):

	March 31, 2024			December 31, 2023
Raw materials	$	8,823		$	5,022
Finished goods		2,673			16
Total inventories		11,496			5,038
Allowance for obsolete inventory		(55	)		(4	)
Inventories, net	$	11,441		$	5,034

Prepaid expenses and other current assets

The following table shows the components of prepaid expenses and other current assets (in thousands):

	March 31, 2024		December 31, 2023
Prepaid expenses:
Deposits on inventory		1,437		2,146
Prepaid income tax		362		362
Prepaid insurance		530		1,110
Prepaid rent		399		372
Prepaid equipment		331		331
Prepaid other		172		214
Other current assets:
Other	$	—	$	18
Total	$	3,231	$	4,553

Accrued expenses and other current liabilities

The following table shows the components of accrued expenses and other current liabilities (in thousands):

	March 31, 2024			December 31, 2023
Accrued expenses:
Accrued compensation and related benefits	$	3,878		$	4,999
Accrued insurance		435			978
Accrued transaction advisory fees		1,000			1,000
Accrued professional services		72			189
Accrued interest		126			58
Accrued property taxes		314			60
Accrued monitoring fees		373			373
Other		760			147
Other current liabilities:
Income tax payable	$	1,757		$	1,586
Sales tax payable		(413	)		71
Unbilled lost-in-hole revenue		96			76
Deferred revenue		44			1,042
Total accrued expenses and other current liabilities	$	8,442		$	10,579