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Note 5 - Cash, Cash Equivalents and Restricted Cash
 9 Months Ended
Sep. 30, 2025
Notes to Financial Statements  
Cash and Cash Equivalents Disclosure [Text Block]

Note 5.  Cash, Cash Equivalents and Restricted Cash

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The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the statement of financial position that sum to the total of the same such amounts in the statement of cash flows (in thousands):

 

  

September 30,

  

December 31,

 
  

2025

  

2024

 

Cash and cash equivalents

 $136,961  $67,428 

Restricted cash

  13,756   11,705 

Total cash, cash equivalents and restricted cash shown in the statement of cash flows

 $150,717  $79,133 

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Restricted cash includes guarantee deposits for customs duties, a China government subsidy fund, and deposits as collateral in order to secure bank acceptance notes issued to vendors. As of  September 30, 2025 and   December 31, 2024, there were $9.7 million and $8.5 million of restricted cash required for bank acceptance notes issued to vendors, respectively. In addition, as of  September 30, 2025 and  December 31, 2024 certificates of deposit associated with credit facilities with a bank in China were $0 and $2.5 million, respectively. There were $1.0 million and $0.7 million guarantee deposits for customs duties as of  September 30, 2025 and  December 31, 2024 respectively. There were $3.0 million and $0 government subsidy funds as of  September 30, 2025 and  December 31, 2024, respectively.