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OTHER BALANCE SHEET COMPONENTS
12 Months Ended
Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
OTHER BALANCE SHEET COMPONENTS OTHER BALANCE SHEET COMPONENTS
Table 9.1: Details of Other Assets
As of December 31,
20242023
(in thousands)
Prepaid expenses – long-term portion$4,975 $593 
Investment (1)
3,000 — 
Restricted cash139 136 
Other75 156 
Other assets$8,189 $885 
(1) In March 2024, the Company made a $3.0 million investment in a privately held company via a simple agreement for future equity. The Company elected to apply the fair value option on this investment. The Company believes the fair value option best reflects the economics of the underlying transaction. The fair value of this investment was based on non-marketable observable inputs, which represent Level 3 measurement within the fair value hierarchy. Changes in the fair value of this investment are recognized within "Other Income (Expenses)" on the consolidated statements of operations, if any. During fiscal year 2024, there were no changes in the fair value of this investment.
Table 9.2: Details of Accounts Payable and Other Accrued Liabilities
As of December 31,
20242023
(in thousands)
Accounts payable$1,153 $8,307 
Accrued payables3,147 5,443 
Accounts payable and other accrued liabilities$4,300 $13,750 
Table 9.3: Details of Other Current Liabilities
As of December 31,
20242023
(in thousands)
Other accrued liabilities$829 $1,427 
Restructuring expenses accrual 37 400 
Other436 497 
Other current liabilities$1,302 $2,324