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INVENTORIES
3 Months Ended
Mar. 31, 2025
Inventory Disclosure [Abstract]  
INVENTORIES INVENTORIES
Inventories consists of the following (in thousands):
 March 31, 2025December 31, 2024
Inventories, current:
Work-in-process$16,531 $12,031 
Finished goods3,201 4,212 
Inventories, current$19,732 $16,243 
Long-term inventories included in other long-term assets:
Raw materials 381 381 
Work-in-process35,585 34,572 
Inventories, long-term35,966 34,953 
Total inventories$55,698 $51,196 
Inventory written down as a result of excess, obsolescence, scrap or other reasons charged to cost of product and other revenue in the unaudited condensed consolidated statements of operations and comprehensive income (loss) totaled approximately $0.2 million and $0.6 million during the three months ended March 31, 2025 and 2024, respectively. For the three months ended March 31, 2024, the Company realized lower cost of product and other revenue of $3.7 million due to the Company's ability to sell inventory previously written down to zero, its then net realizable value.