Balance Sheet

v3.24.0.1

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 23,140	$ 27,615
Short-term investments	0	9,874
Accounts receivable, net	3,211	2,665
Inventory, net	7,911	9,303
Prepaid expenses and other current assets	1,910	1,723
Total current assets	36,172	51,180
Property and equipment, net	1,389	806
Operating lease rights of use	3,564	1,895
Software license inventory	386	450
Licensing rights	1,041	1,028
Other assets	109	131
Total assets	42,661	55,490
Current liabilities:
Accounts payable	393	272
Accrued compensation	2,947	2,824
Other accrued liabilities	1,053	2,065
Operating lease liabilities, current portion	424	561
Deferred product and service revenue, current portion	2,613	1,066
Total current liabilities	7,430	6,788
Operating lease liabilities, net of current portion	3,568	1,532
Deferred product and service revenue, net of current portion	541	390
2020 senior secured convertible note payable, net	9,949	9,893
Total liabilities	21,488	18,603
Commitments and contingencies (Note 8)
Stockholders' Equity Attributable to Parent [Abstract]
Preferred stock, $0.01 par value; 25,000,000 shares authorized at December 31, 2023 and 2022; none issued and outstanding at December 31, 2023 and 2022	0	0
Common stock, $0.01 par value; 90,000,000 shares authorized at December 31, 2023 and 200,000,000 shares authorized at December 31, 2022; 24,652,729 and 24,578,983 shares issued and outstanding at December 31, 2023 and 2022, respectively	247	246
Additional paid-in capital	193,382	187,008
Accumulated deficit	(172,456)	(150,367)
Total stockholders’ equity	21,173	36,887
Total liabilities and stockholders’ equity	$ 42,661	$ 55,490
Common stock, authorized (in shares)	90,000,000	200,000,000

- 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).

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