Annual report [Section 13 and 15(d), not S-K Item 405]

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 98,776 $ 24,948
Accounts receivable, net 3,683
Inventory, net 8,408 13,639
Prepaid expenses and other current assets 8,135 9,181
Total current assets 119,002 47,768
Property and equipment, net 42,252 94,028
Intangible assets, net 120 9,743
Goodwill 965
Operating lease right-to-use assets 565 824
Other non-current assets 951 1,129
Total assets 162,890 154,457
Current liabilities:    
Accounts payable 4,546 3,782
Accrued expenses and other current liabilities 10,667 12,482
Term loan payable, short term 2,820 2,350
Lease liability, short term 274 270
Total current liabilities 18,307 18,884
     
Term loan payable, long term 4,667 6,561
Lease liability, long term 358 632
Total liabilities 23,332 48,932
Commitments (See Note 17)  
Stockholders’ equity:    
Preferred stock, $0.001 par value; 5,000,000 shares authorized, 0 shares designated as of both December 31, 2024 and 2023; 0 shares issued and outstanding - as of both December 31, 2024 and 2023
Common stock, $0.001 par value; 1,000,000,000 shares authorized; 4,385,929 and 20,926 shares issued and outstanding as of December 31, 2024 and 2023, respectively and 21 shares to be issued as of December 31, 2023 4
Additional paid in capital 870,503 706,415
Accumulated deficit (730,694) (600,658)
Accumulated other comprehensive loss (255) (232)
Total stockholders’ equity 139,558 105,525
Total liabilities and stockholders’ equity 162,890 154,457
Series C Warrant [Member]    
     
Warrant liabilities 14,595
Series D Warrant [Member]    
     
Warrant liabilities $ 8,260