v3.25.1
BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
 [1]
Current assets:    
Cash and cash equivalents $ 10,085 $ 1,353
Accounts receivable, net 312 78
Inventory 644 498
Prepaid expenses and other current assets 844 983
Total current assets 11,885 2,912
Property and equipment, net 332 356
Operating lease right-of-use assets 1,160 527
Total assets 13,377 3,795
Current liabilities:    
Accounts payable 1,276 1,852
Accrued expenses 534 1,135
Accrued severance expense 101 28
Warrant liability 91 358
Operating lease liabilities, current portion 385 668
Short-term loan payable, net 523 818
Deferred revenue 11 13
Total current liabilities 2,921 4,872
Operating lease liabilities, long-term portion 960  
Total liabilities 3,881 4,872
Commitments and contingencies (Note 8)
Stockholders' equity (deficit):    
Preferred Stock, $0.00001 par value, 10,000,000 shares authorized as of March 31, 2025 and December 31, 2024; no shares issued or outstanding as of March 31, 2025 and December 31, 2024.
Common Stock, $0.00001 par value, 200,000,000 shares authorized as of March 31, 2025 and December 31, 2024; 32,393,616 and 13,575,907 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively. 1 1
Additional paid-in capital 413,301 399,362
Accumulated deficit (403,806) (400,440)
Total stockholders' equity (deficit) 9,496 (1,077)
Total liabilities and stockholders' equity (deficit) $ 13,377 $ 3,795
[1] The condensed balance sheet as of December 31, 2024 was derived from the audited balance sheet as of that date.