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Inventories | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2026 | Dec. 31, 2025
Inventory Disclosure [Abstract] |  |
Inventories | 4. Inventories The following table represents the components of inventories as of March 31, 2026 and December 31, 2025 (in thousands):
|  | March 31, 2026 |  |  | December 31, 2025 |
Raw materials |  | $ | 2,083 |  |  | $ | 409 |
Work in progress |  |  | 14,918 |  |  |  | 11,732 |
Finished goods |  |  | 6,462 |  |  |  | 4,796 |
Total inventories |  | $ | 23,463 |  |  | $ | 16,937 |
| 4. Inventories The following table represents the components of inventories as of December 31, 2025 and December 31, 2024 (in thousands ):
|  | 2025 |  |  | 2024 |
Raw materials |  | $ | 409 |  |  | $ | 45 |
Work in progress |  |  | 11,732 |  |  |  | 9,547 |
Finished goods |  |  | 4,796 |  |  |  | 5,416 |
Total inventories |  | $ | 16,937 |  |  | $ | 15,008 |
The Company recorded inventory valuation adjustments of $0.2 million and $0.4 million during the twelve months ended December 31, 2025 and 2024, respectively. The change in inventory valuation allowance was primarily due to the sell-through or scrap of inventory that was reserved for in a prior period . Changes in the Company’s inventory allowance were as follows (in thousands):
Balance at December 31, 2023 |  | $ | 24,204 |
Valuation allowance |  |  | 428 |
Sell-through or scrap of inventory |  |  | (7,213 | )
Balance at December 31, 2024 |  | $ | 17,419 |
Valuation allowance |  |  | 199 |
Sell-through or scrap of inventory |  |  | (2,721 | )
Balance at December 31, 2025 |  | $ | 14,897 |

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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 330 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/330/tableOfContent + Details
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