Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 35,353 $ 23,140
Accounts receivable, net 2,511 3,211
Inventory, net 7,960 7,911
Prepaid expenses and other current assets 1,746 1,910
Total current assets 47,570 36,172
Property and equipment, net 1,347 1,389
Operating lease, right-of-use assets 3,447 3,564
Software license inventory 237 386
Licensing rights 887 1,041
Other assets 149 109
Total assets 53,637 42,661
Current liabilities:    
Accounts payable 844 393
Accrued compensation 1,634 2,947
Other accrued liabilities 986 1,053
Operating lease liabilities, current portion 497 424
Deferred product and service revenue, current portion 1,232 2,613
2020 senior secured convertible note payable, net 9,964 0
Total current liabilities 15,157 7,430
Operating lease liabilities, net of current portion 3,438 3,568
Deferred product and service revenue, net of current portion 458 541
2020 senior secured convertible note payable, net 0 9,949
Total liabilities 19,053 21,488
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.01 par value; 25,000,000 shares authorized; none issued and outstanding at March 31, 2024 and December 31, 2023 0 0
Common stock, $0.01 par value; 90,000,000 shares authorized at March 31, 2024 and December 31, 2023; 27,416,345 shares issued and outstanding at March 31, 2024; and 24,652,729 issued and outstanding at December 31, 2023 274 247
Additional paid-in capital 210,912 193,382
Accumulated deficit (176,602) (172,456)
Total stockholders’ equity 34,584 21,173
Total liabilities and stockholders’ equity $ 53,637 $ 42,661