Balance Sheet Components

6 Months Ended

Jun. 30, 2024

Balance Sheet Related Disclosures [Abstract]


4.	Balance Sheet Components

Inventories, net

Inventories, net of reserves of $11,000 and $46,000 as of June 30, 2024 and December 31, 2023, respectively, consisted of the following components (in thousands):


	June 30, 2024		December 31, 2023
Raw materials	$	1,173	$	919
Work in progress		2,916		1,997
Finished goods		1,546		1,365
Inventories, net	$	5,635	$	4,281

The provision for inventory and write-downs for the periods ended June 30, 2024 and December 31, 2023 were immaterial.

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following (in thousands):


	June 30, 2024		December 31, 2023
Accrued payroll and welfare	$	5,658	$	5,790
Accrued expenses - selling expenses		1,793		44
Supplier reimbursement		1,355		2,247
Accrued sales discount		850		903
Accrued expenses - general and administrative		472		1,190
Accrued expenses - research and development		94		161
Deferred government grants		40		40
Employee reimbursement		61		648
Accrued professional services		113		837
Other accrued liabilities		77		75
Accrued expenses and other current liabilities	$	10,513	$	11,935

Accounts and Note Receivables, Net

Accounts and note receivables, net consisted of the following (in thousands):


	June 30, 2024			December 31, 2023
Accounts receivable	$	18,460		$	15,204
Note receivable		302			389
Allowance for credit losses		(140	)		(41	)
Allowance and note receivables, net	$	18,622		$	15,552

Property and Equipment, Net

Property and equipment, net consisted of the following (in thousands):


	June 30, 2024			December 31, 2023
Buildings	$	18,278		$	12,289
Construction in progress		301			7,875
Machinery and electronic devices		9,073			6,598
Furniture and fixtures		640			606
Motor vehicles		184			185
Property and equipment, gross		28,476			27,553
Less: Accumulated depreciation		(4,804	)		(4,265	)
Property and equipment, net	$	23,672		$	23,288