Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 32,845 $ 23,140
Accounts receivable, net 3,475 3,211
Inventory, net 8,031 7,911
Prepaid expenses and other current assets 2,205 1,910
Total current assets 46,556 36,172
Property and equipment, net 1,545 1,389
Operating lease, right-of-use assets 3,330 3,564
Software license inventory 236 386
Licensing rights 758 1,041
Other assets 149 109
Total assets 52,574 42,661
Current liabilities:    
Accounts payable 822 393
Accrued compensation 2,996 2,947
Other accrued liabilities 1,302 1,053
Operating lease liabilities, current portion 516 424
Deferred product and service revenue, current portion 1,079 2,613
2020 senior secured convertible note payable, net 9,979 0
Total current liabilities 16,694 7,430
Operating lease liabilities, net of current portion 3,302 3,568
Deferred product and service revenue, net of current portion 446 541
2020 senior secured convertible note payable, net 0 9,949
Total liabilities 20,442 21,488
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.01 par value; 25,000,000 shares authorized; none issued and outstanding at June 30, 2024 and December 31, 2023 0 0
Common stock, $0.01 par value; 90,000,000 shares authorized at June 30, 2024 and December 31, 2023; 27,588,812 shares issued and outstanding at June 30, 2024; and 24,652,729 issued and outstanding at December 31, 2023 276 247
Additional paid-in capital 212,866 193,382
Accumulated deficit (181,010) (172,456)
Total stockholders’ equity 32,132 21,173
Total liabilities and stockholders’ equity $ 52,574 $ 42,661