v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 18,749 $ 22,261
Marketable securities 15,175 44,551
Accounts receivable, net 83 92
Inventory 185 173
Prepaid expenses and other current assets 1,690 2,094
Total current assets 35,882 69,171
Property and equipment, net 1,366 1,384
Right-of-use assets 1,806 2,103
Strategic investments 2,495 2,495
Deposits and other assets 1,276 1,020
TOTAL ASSETS 42,825 76,173
CURRENT LIABILITIES:    
Accounts payable 5,308 5,134
Accrued expenses and other liabilities 6,650 6,084
Operating lease liability, current portion 642 550
Deferred revenue, current portion 4,461 4,439
Total current liabilities 17,061 16,207
Deferred revenue, less current portion 9,568 10,989
Loan payable 14,384 14,292
Operating lease liability, less current portion 1,328 1,687
Other long-term liabilities 189 40
TOTAL LIABILITIES 42,530 43,215
STOCKHOLDERS' EQUITY    
Preferred stock, $0.0001 par value per share; 10,000,000 shares authorized; none issued or outstanding at June 30, 2025 and December 31, 2024.
Common stock, $0.0001 par value per share; 340,000,000 shares authorized; 38,643,553 and 38,194,442 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively. 4 4
Additional paid-in capital 348,271 342,780
Accumulated other comprehensive income 16 52
Accumulated deficit (347,996) (309,878)
TOTAL STOCKHOLDERS' EQUITY 295 32,958
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 42,825 $ 76,173