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Balance Sheet Components
9 Months Ended
Sep. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Balance Sheet Components

Note 4. Balance Sheet Components

Property and Equipment, Net

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

 

 

As of September 30,

 

 

As of December 31,

 

 

 

2025

 

 

2024

 

Tools and equipment

 

$

2,043

 

 

$

1,991

 

Computer equipment and software

 

 

37

 

 

 

37

 

Furniture and fixtures

 

 

461

 

 

 

402

 

Leasehold improvements

 

 

38

 

 

 

38

 

Construction in process

 

 

1,305

 

 

 

1,218

 

 

 

3,884

 

 

 

3,686

 

Less: Accumulated depreciation

 

 

(2,339

)

 

 

(2,106

)

Property and equipment, net

 

$

1,545

 

 

$

1,580

 

Depreciation expense was $0.1 million for both the three months ended September 30, 2025 and 2024, respectively. Depreciation expense was $0.2 and $0.4 million for the nine months ended September 30, 2025 and 2024, respectively.

Accrued and Other Current Liabilities

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

 

 

As of September 30,

 

 

As of December 31,

 

 

 

2025

 

 

2024

 

Accrued expenses

 

$

2,367

 

 

$

2,113

 

Current portion of lease liabilities

 

 

569

 

 

 

533

 

Short-term interest payable

 

 

345

 

 

 

344

 

Other accrued liabilities

 

 

616

 

 

 

1,107

 

Total accrued and other current liabilities

 

$

3,897

 

 

$

4,097

 

Other Noncurrent Liabilities

Other noncurrent liabilities consist of the following (in thousands):

 

 

As of September 30,

 

 

As of December 31,

 

 

 

2025

 

 

2024

 

Noncurrent portion of lease liabilities

 

$

47

 

 

$

473

 

Other noncurrent liabilities

 

 

19

 

 

 

19

 

Total other noncurrent liabilities

 

$

66

 

 

$

492