BALANCE SHEET DETAILS - CURRENT ASSETS AND CURRENT LIABILITIES

6 Months Ended

Jun. 30, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

BALANCE SHEET DETAILS - CURRENT ASSETS AND CURRENT LIABILITIES

NOTE 4 – BALANCE SHEET DETAILS - CURRENT ASSETS AND CURRENT LIABILITIES

Inventories, net

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

	June 30, 2024			December 31, 2023
Raw materials	$	11,860		$	5,022
Finished goods		2,874			16
Total inventories		14,734			5,038
Allowance for obsolete inventory		(125	)		(4	)
Inventories, net	$	14,609		$	5,034

Prepaid expenses and other current assets

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

	June 30, 2024		December 31, 2023
Prepaid expenses:
Deposits on inventory	$	831	$	2,146
Prepaid income tax		362		362
Prepaid insurance		589		1,110
Prepaid rent		385		372
Prepaid equipment		376		331
Prepaid other		159		214
Other current assets:
Other		—		18
Total	$	2,702	$	4,553

Accrued expenses and other current liabilities

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

	June 30, 2024			December 31, 2023
Accrued expenses:
Accrued compensation and related benefits	$	3,024		$	4,999
Accrued insurance		317			978
Accrued transaction advisory fees		—			1,000
Accrued professional services		35			189
Accrued interest		251			58
Accrued property taxes		619			60
Accrued monitoring fees		373			373
Other		880			147
Other current liabilities:
Income tax payable	$	2,220		$	1,586
Sales tax payable		(49	)		71
Unbilled lost-in-hole revenue		49			76
Deferred revenue		—			1,042
Total accrued expenses and other current liabilities	$	7,719		$	10,579