v3.25.2
Unaudited Condensed Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net loss $ (8,191) $ (6,326)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 906 887
Amortization of debt discount and debt issuance costs 121 78
Amortization of loan commitment fees 184 0
Change in fair value of warrant liability 438 0
Loss on extinguishment of debt 295 0
Bad debt expense 455 0
Non-cash interest expense 68 137
Non-cash lease expense 473 433
Stock-based compensation 860 1,113
Other 78 111
Changes in assets and liabilities:    
Accounts receivable, net (6,892) (5,152)
Prepaid expenses and other current assets 798 185
Other assets 288 102
Operating lease liabilities (533) (475)
Accounts payable (1,577) (820)
Deferred revenue 283 0
Accrued and other current liabilities (1,610) (1,739)
Net cash used in operating activities (13,556) (11,466)
Cash flows from investing activities:    
Purchases of property and equipment (322) (222)
Proceeds from disposal of property and equipment 6 0
Net cash used in investing activities (316) (222)
Cash flows from financing activities:    
Proceeds from common stock issued, net of issuance costs 18,777 0
Proceeds from common stock issued under Employee Stock Purchase Plan 199 104
Principal payments on finance lease obligations (139) (267)
Principal payments on notes payable obligations (265) (163)
Proceeds from issuance of debt and warrants, net of discounts 23,672 0
Payment to extinguish debt (19,705) 0
Payment of debt issuance costs (670) 0
Net cash provided by (used in) financing activities 21,869 (326)
Net increase (decrease) in cash, cash equivalents and restricted cash 7,997 (12,014)
Cash, cash equivalents and restricted cash, beginning of period 22,236 36,693
Cash, cash equivalents and restricted cash, end of period 30,233 24,679
Supplemental disclosure of cash flow information:    
Cash paid for interest 1,222 871
Supplemental disclosure of non-cash items:    
Unpaid equipment settled under financing arrangement 682 0
Recognition of warrant liability 3,525 0
Equipment purchased under notes payable obligations 0 706
Unpaid financing costs included in accounts payable and accrued liabilities 350 0
Costs incurred, but not paid, in connection with capital expenditures $ 0 $ 39