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Balance Sheet Components (Tables) | 3 Months Ended
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Mar. 31, 2024
Balance Sheet Related Disclosures [Abstract] |
Schedule of Inventories, Net of Reserves | Inventories, net of reserves of $3,000 and $46,000 as of March 31, 2024 and December 31, 2023, respectively, consisted of the following components (in thousands):
|  | March 31, 2024 |  |  | December 31, 2023 |
Raw materials |  | $ | 724 |  |  | $ | 919 |
Work in progress |  |  | 2,532 |  |  |  | 1,997 |
Finished goods |  |  | 1,683 |  |  |  | 1,365 |
Inventories, net |  | $ | 4,939 |  |  | $ | 4,281 |
Schedule of Accrued Expenses and Other Current Liabilities | Accrued expenses and other current liabilities consisted of the following (in thousands):
| March 31, 2024 |  |  | December 31, 2023 |
Accrued payroll and welfare | $ | 5,930 |  |  | $ | 5,790 |
Accrued expenses - selling expenses |  | 1,734 |  |  |  | 44 |
Supplier reimbursement |  | 997 |  |  |  | 2,247 |
Accrued sales discount |  | 912 |  |  |  | 903 |
Accrued expenses - general and administrative |  | 601 |  |  |  | 1,190 |
Accrued professional services |  | 251 |  |  |  | 837 |
Accrued expenses - research and development |  | 236 |  |  |  | 161 |
Deferred government grants |  | 40 |  |  |  | 40 |
Employee reimbursement |  | 27 |  |  |  | 648 |
Other accrued liabilities |  | 39 |  |  |  | 75 |
Accrued expenses and other current liabilities | $ | 10,767 |  |  | $ | 11,935 |
Schedule of Accounts and Note Receivable, Net | Accounts and note receivables, net consisted of the following (in thousands):
|  | March 31, 2024 |  |  | December 31, 2023 |
Accounts receivable |  | $ | 15,209 |  |  | $ | 15,204 |
Note receivable |  |  | 356 |  |  |  | 389 |
Allowance for credit losses |  |  | (107 | ) |  |  | (41 | )
Allowance and note receivables, net |  | $ | 15,458 |  |  | $ | 15,552 |
Schedule of Property and Equipment, Net | Property and equipment, net consisted of the following (in thousands):
|  | March 31, 2024 |  |  | December 31, 2023 |
Buildings |  | $ | 12,294 |  |  | $ | 12,289 |
Construction in progress |  |  | 8,420 |  |  |  | 7,875 |
Machinery and electronic devices |  |  | 6,732 |  |  |  | 6,598 |
Furniture and fixtures |  |  | 605 |  |  |  | 606 |
Motor vehicles |  |  | 185 |  |  |  | 185 |
Property and equipment, gross |  |  | 28,236 |  |  |  | 27,553 |
Less: Accumulated depreciation |  |  | (4,672 | ) |  |  | (4,265 | )
Property and equipment, net |  | $ | 23,564 |  |  | $ | 23,288 |

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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482099/360-10-50-1 + Details
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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
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- Definition Tabular disclosure of the (a) carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business (accounts payable); (b) other payables; and (c) accrued liabilities. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). An alternative caption includes accrued expenses. + References No definition available. + Details
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- Definition Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(c)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483489/210-10-50-1 + Details
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