| BALANCE SHEET COMPONENTS |
BALANCE SHEET COMPONENTS Details of certain balance sheet items are presented below (in thousands): | | | | | | | | | | | | | December 31, 2025 | | December 31, 2024 | | Inventories: | | | | | Raw materials and manufacturing supplies | $ | 74,844 | | | $ | 65,872 | | | Work in process | 693 | | | 286 | | | Finished goods | 64,097 | | | 50,189 | | | Total inventories | $ | 139,634 | | | $ | 116,347 | | | | | | | Prepaid Expenses and Other Current Assets: | | | | | Advance to vendors | $ | 346 | | | $ | 2,471 | | | Prepaid insurance | 4,936 | | | 3,667 | | | Prepaid value-added taxes | 1,442 | | | 2,552 | | | | | | | Income tax receivable | 22,876 | | | 11,091 | | | Other | 4,449 | | | 3,392 | | | Total prepaid expenses and other current assets | $ | 34,049 | | | $ | 23,173 | | | | | | | Property, Plant and Equipment: | | | | | Buildings | $ | 4,547 | | | $ | 3,912 | | | Leasehold improvements | 4,666 | | | 2,975 | | | Furniture and fixtures | 608 | | | 584 | | | Machinery and equipment | 101,821 | | | 74,406 | | | Vehicles | 4,704 | | | 4,317 | | | Construction in progress | 10,287 | | | 9,721 | | | Total property, plant and equipment, gross | 126,633 | | | 95,915 | | | Less: accumulated depreciation | (41,495) | | | (31,138) | | | Total property, plant and equipment, net | $ | 85,138 | | | $ | 64,777 | | | | | | | Accrued Expenses and Other Current Liabilities: | | | | | Accrued bonus | $ | 6,863 | | | $ | 6,216 | | | Accrued salaries | 3,163 | | | 1,514 | | | Accrued employee benefits | 1,092 | | | 1,381 | | | Accrued interest | 8,558 | | | 8,448 | | | Accrued purchases | 4,298 | | | 2,558 | | | Accrued taxes | 9,369 | | | 3,185 | | | Operating lease liabilities | 3,663 | | | 2,677 | | | Finance lease liabilities | 753 | | | 732 | | | Customer deposits | 2,338 | | | 458 | | | Other | 7,115 | | | 3,281 | | | Total accrued expenses and other current liabilities | $ | 47,212 | | | $ | 30,450 | |
Depreciation expense related to property, plant and equipment for the years ended December 31, 2025, 2024 and 2023 was $14.3 million, $10.7 million and $9.8 million, respectively, substantially all of which was presented in cost of goods sold in the accompanying consolidated statements of operations and comprehensive (loss) income.
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