v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 125,331 $ 98,776
Accounts receivable, net 2,320 3,683
Inventory 5,986 8,408
Prepaid expenses and other current assets 9,898 8,135
Total current assets 143,535 119,002
Property and equipment, net 42,335 42,252
Intangible assets, net 120 120
Operating lease right-to-use assets 438 565
Other non-current assets 931 951
Total assets 187,359 162,890
Current liabilities:    
Accounts payable 7,783 4,546
Accrued expenses and other current liabilities 11,083 10,667
Term loan payable, short term 2,820
Lease liability, short term 195 274
Total current liabilities 19,061 18,307
Term loan payable, long term 4,667
Lease liability, long term 297 358
Total liabilities 19,358 23,332
Stockholders’ equity:    
Preferred stock, $0.001 par value; 5,000,000 shares authorized, 0 shares designated as of both June 30, 2025, and December 31, 2024; 0 shares issued and outstanding - as of both June 30, 2025 and December 31, 2024
Common stock, $0.001 par value; 1,000,000,000 shares authorized; 7,546,276 and 4,385,929 shares issued and outstanding as of June 30, 2025, and December 31, 2024, respectively 8 4
Additional paid in capital 944,058 870,503
Accumulated deficit (775,795) (730,694)
Accumulated other comprehensive loss (270) (255)
Total stockholders’ equity 168,001 139,558
Total liabilities and stockholders’ equity $ 187,359 $ 162,890

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