Balance Sheet

v3.24.3

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 21,573	$ 23,140
Accounts receivable, net	3,875	3,211
Inventory, net	7,059	7,911
Prepaid expenses and other current assets	1,823	1,910
Total current assets	34,330	36,172
Property and equipment, net	1,695	1,389
Operating lease, right-of-use assets	3,210	3,564
Software license inventory	198	386
Licensing rights	612	1,041
Other assets	148	109
Total assets	40,193	42,661
Current liabilities:
Accounts payable	955	393
Accrued compensation	3,635	2,947
Other accrued liabilities	1,176	1,053
Operating lease liabilities, current portion	536	424
Deferred product and service revenue, current portion	1,252	2,613
Total current liabilities	7,554	7,430
Operating lease liabilities, net of current portion	3,158	3,568
Deferred product and service revenue, net of current portion	480	541
2020 senior secured convertible note payable, net	0	9,949
Total liabilities	11,192	21,488
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $0.01 par value; 25,000,000 shares authorized; none issued and outstanding at September 30, 2024 and December 31, 2023	0	0
Common stock, $0.01 par value; 90,000,000 shares authorized at September 30, 2024 and December 31, 2023; 27,588,819 shares issued and outstanding at September 30, 2024; and 24,652,729 issued and outstanding at December 31, 2023	276	247
Additional paid-in capital	214,709	193,382
Accumulated deficit	(185,984)	(172,456)
Total stockholders’ equity	29,001	21,173
Total liabilities and stockholders’ equity	$ 40,193	$ 42,661

- Definition

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Source