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Balance Sheet Components (Tables)

6 Months Ended

Jun. 30, 2025

Balance Sheet Related Disclosures [Abstract]

Schedule of Inventories, Net of Reserves

Inventories, net of reserves of $0 and $4 thousand as of June 30, 2025 and December 31, 2024, respectively, consisted of the following components (in thousands):

		June 30, 2025				December 31, 2024
Raw materials		$	1,207			$	794
Work in progress			4,210				2,929
Finished goods			3,444				2,614
Inventories, net		$	8,861			$	6,337

Schedule of Accrued Expenses and Other Current Liabilities

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

		June 30, 2025				December 31, 2024
Accrued payroll and welfare		$	5,431			$	4,765
Payable to selling expense suppliers			2,990				900
Payable to PPE & intangible asset suppliers			2,096				1,219
Accrued expenses - general and administrative			1,140				1,005
Accrued sales discount			930				908
Accrued professional services			862				667
Accrued expenses - research and development			781				57
Deferred government grants			95				95
Employee reimbursement			89				737
Other accrued liabilities			510				262
Accrued expenses and other current liabilities		$	14,924			$	10,615

Schedule of Accounts and Note Receivable, Net

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

		June 30, 2025				December 31, 2024
Accounts receivable		$	24,864			$	19,798
Note receivable			499				4,373
Allowance for credit losses			(235	)			(209	)
Accounts and note receivables, net		$	25,128			$	23,962

Schedule of Property and Equipment, Net

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

		June 30, 2025				December 31, 2024
Buildings		$	19,087			$	18,980
Construction in progress			391				222
Machinery and electronic devices			9,497				9,442
Furniture and fixtures			700				653
Motor vehicles			151				182
Property and equipment, gross			29,826				29,479
Less: Accumulated depreciation			(6,425	)			(5,599	)
Property and equipment, net		$	23,401			$	23,880

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- References

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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
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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
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(4))
-Publisher FASB
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-Topic 210
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-Section S99
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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.

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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.

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-Section S99
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-Subparagraph (SX 210.5-02(6)(a))
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-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

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