SUBSEQUENT EVENTS	9 Months Ended
Sep. 30, 2025
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	15. SUBSEQUENT EVENTS Subsequent to the date of these financial statements, on October 1, 2025, the Company entered into an Asset Purchase Agreement (the “APA”) with Scantinel Photonics GmbH (“Scantinel”), a Germany-based developer of 1550nm FMCW LiDAR technology, pursuant to which, subject to the satisfaction or waiver of closing conditions, the Company has agreed to acquire from Scantinel certain assets related to Scantinel’s 1550nm FMCW ultra-long range LiDAR sensor business. Under the APA, the Company has also agreed to advance operating funds to support Scantinel’s operations prior to closing. In preparation for the acquisition, the Company is establishing a new entity pursuant to German law (“NewCo”) to facilitate the purchase of certain assets of Scantinel pursuant to the APA for approximately $0.4 million. The Company is working with certain strategic funding partners to jointly invest in NewCo, both prior and subsequent to the closing of the acquisition. The acquisition of Scantinel’s assets by NewCo is expected to close prior to December 31, 2025. Completion of the transaction remains subject to closing conditions, including obtaining clearance from the German Federal Ministry for Economic Affairs and Energy, and will only occur once these closing conditions have been met or waived. The APA also provides the Company with the right to withdraw from the APA if certain conditions are not met prior to closing for a fee of $0.2 million. The purchase price, advanced funding, and potential breakage fee are not expected to have a material impact on the Company’s consolidated financial statements. The purpose of the Company’s acquisition of the Scantinel technology and investment in the go-forward business is to expand the Company’s product portfolio, broaden its addressable market, and develop key strategic and commercial partnerships. On October 17, 2025 and November 7, 2025, the Company advanced operating funds of $0.6 million on each date to Scantinel. The Company expects to advance up to an additional $0.6 million in operating funds prior to closing.

SUBSEQUENT EVENTS

9 Months Ended

Sep. 30, 2025

15. SUBSEQUENT EVENTS

Subsequent to the date of these financial statements, on October 1, 2025, the Company entered into an Asset Purchase Agreement (the “APA”) with Scantinel Photonics GmbH (“Scantinel”), a Germany-based developer of 1550nm FMCW LiDAR technology, pursuant to which, subject to the satisfaction or waiver of closing conditions, the Company has agreed to acquire from Scantinel certain assets related to Scantinel’s 1550nm FMCW ultra-long range LiDAR sensor business. Under the APA, the Company has also agreed to advance operating funds to support Scantinel’s operations prior to closing.

In preparation for the acquisition, the Company is establishing a new entity pursuant to German law (“NewCo”) to facilitate the purchase of certain assets of Scantinel pursuant to the APA for approximately $0.4 million. The Company is working with certain strategic funding partners to jointly invest in NewCo, both prior and subsequent to the closing of the acquisition.

The acquisition of Scantinel’s assets by NewCo is expected to close prior to December 31, 2025. Completion of the transaction remains subject to closing conditions, including obtaining clearance from the German Federal Ministry for Economic Affairs and Energy, and will only occur once these closing conditions have been met or waived. The APA also provides the Company with the right to withdraw from the APA if certain conditions are not met prior to closing for a fee of $0.2 million. The purchase price, advanced funding, and potential breakage fee are not expected to have a material impact on the Company’s consolidated financial statements.

The purpose of the Company’s acquisition of the Scantinel technology and investment in the go-forward business is to expand the Company’s product portfolio, broaden its addressable market, and develop key strategic and commercial partnerships.

On October 17, 2025 and November 7, 2025, the Company advanced operating funds of $0.6 million on each date to Scantinel. The Company expects to advance up to an additional $0.6 million in operating funds prior to closing.