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Balance Sheet Components (Tables) | 3 Months Ended
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Mar. 31, 2025
Balance Sheet Related Disclosures [Abstract] |
Schedule of Inventories, Net of Reserves | Inventories, net of reserves of $12 thousand and $4 thousand as of March 31, 2025 and December 31, 2024, respectively, consisted of the following components (in thousands):
|  | March 31, 2025 |  |  | December 31, 2024 |
Raw materials |  | $ | 1,169 |  |  | $ | 794 |
Work in progress |  |  | 3,428 |  |  |  | 2,929 |
Finished goods |  |  | 3,281 |  |  |  | 2,614 |
Inventories, net |  | $ | 7,878 |  |  | $ | 6,337 |
Schedule of Accrued Expenses and Other Current Liabilities | Accrued expenses and other current liabilities consisted of the following (in thousands):
|  | March 31, 2025 |  |  | December 31, 2024 |
Withholding individual income tax on Employee Stock Options |  | $ | 4,304 |  | (1) | $ | — |
Accrued payroll and welfare |  |  | 4,234 |  |  |  | 4,765 |
Payable to PPE & intangible asset suppliers |  |  | 3,260 |  |  |  | 1,219 |
Payable to selling expense suppliers |  |  | 2,542 |  |  |  | 900 |
Accrued expenses - general and administrative |  |  | 1,076 |  |  |  | 1,005 |
Accrued sales discount |  |  | 699 |  |  |  | 908 |
Accrued expenses - research and development |  |  | 528 |  |  |  | 57 |
Accrued professional services |  |  | 227 |  |  |  | 667 |
Deferred government grants |  |  | 95 |  |  |  | 95 |
Employee reimbursement |  |  | 3 |  |  |  | 737 |
Other accrued liabilities |  |  | 271 |  |  |  | 262 |
Accrued expenses and other current liabilities |  | $ | 17,239 |  |  | $ | 10,615 |
(1) This amount represents individual income tax withheld on employee stock option exercises, payable to the tax authorities on behalf of employees.
Schedule of Accounts and Note Receivable, Net | Accounts and note receivables, net consisted of the following (in thousands):
|  | March 31, 2025 |  |  | December 31, 2024 |
Accounts receivable |  | $ | 20,547 |  |  | $ | 19,798 |
Note receivable |  |  | 2,138 |  |  |  | 4,373 |
Allowance for credit losses |  |  | (397 | ) |  |  | (209 | )
Accounts and note receivables, net |  | $ | 22,288 |  |  | $ | 23,962 |
Schedule of Property and Equipment, Net | Property and equipment, net consisted of the following (in thousands):
|  | March 31, 2025 |  |  | December 31, 2024 |
Buildings |  | $ | 19,006 |  |  | $ | 18,980 |
Construction in progress |  |  | 249 |  |  |  | 222 |
Machinery and electronic devices |  |  | 9,495 |  |  |  | 9,442 |
Furniture and fixtures |  |  | 662 |  |  |  | 653 |
Motor vehicles |  |  | 183 |  |  |  | 182 |
Property and equipment, gross |  |  | 29,595 |  |  |  | 29,479 |
Less: Accumulated depreciation |  |  | (6,077 | ) |  |  | (5,599 | )
Property and equipment, net |  | $ | 23,518 |  |  | $ | 23,880 |

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