v3.26.1
Inventory
12 Months Ended
Dec. 31, 2025
Inventory Disclosure [Abstract]  
Inventory

5. Inventory

 

The Company’s major classes of inventories were as follows:

 

   2025   2024 
   December 31, 
   2025   2024 
Raw materials  $42   $42 
Work in progress   1,488    8,093 
Finished goods   3,987    11,964 
Inventory, gross   5,517    20,099 
Less: inventory reserves   (2,000)   (2,103)
Inventory, net  $3,517   $17,996 
Balance sheet classification:          
Inventory  $571   $5,409 
Inventory, net of current portion   2,946    12,587 
Inventory, net  $3,517   $17,996 

 

Inventory, net of current portion includes inventory expected to remain on-hand beyond one year from each balance sheet date presented.

 

The Company recognized a $4,335 inventory impairment charge during the year ended December 31, 2025 in the consolidated statement of operations and comprehensive loss due to lower of cost or net realizable value adjustments for finished goods. The Company recognized a $466 inventory impairment charge during the year ended December 31, 2024 in the consolidated statement of operations and comprehensive loss due to lower of cost or net realizable value adjustments for finished goods.

 

A schedule of the activity in the inventory reserves is as follows:

 

Balance at January 1, 2024  $2,289 
Utilization of inventory reserve   (186)
Balance at December 31, 2024   2,103 
Utilization of inventory reserve   (103)
Balance at December 31, 2025  $2,000