v3.25.2
Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2025
Accounting Policies [Abstract]  
Summary of Components of Inventories

The Company’s inventories consisted of the following (in thousands):

 

 

 

June 30,
2025

 

 

December 31,
2024

 

Raw materials

 

$

9

 

 

$

10

 

WIP

 

 

214

 

 

 

 

Finished goods

 

 

68

 

 

 

96

 

Total inventories

 

$

291

 

 

$

106

 

Summary of Significant Accounting Policies - Summary of Total Revenue by Geographic Region Based on Customers' Locations

Total revenue by geographic region based on customers’ locations for the three and six months ended June 30, 2025 and 2024 are as follows (in thousands):

 

 

 

Three months ended
June 30,

 

 

Six months ended
June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Europe

 

$

324

 

 

$

512

 

 

$

496

 

 

$

934

 

United States

 

 

60

 

 

 

67

 

 

 

177

 

 

 

113

 

Other

 

 

63

 

 

 

67

 

 

 

95

 

 

 

95

 

Total

 

$

447

 

 

$

646

 

 

$

768

 

 

$

1,142

 

Summary of Numerators and Denominators in Calculation of Basic and Diluted Net (Loss) Income per Share

The numerators and denominators in the calculation of basic and diluted net loss per share were as follows (in thousands, except per share amounts):

 

 

 

Three months ended
June 30,

 

 

Six months ended
June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Basic loss per share computation:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(2,265

)

 

$

(3,700

)

 

$

(6,497

)

 

$

(11,343

)

Weighted average number of shares outstanding - basic

 

 

31,042

 

 

 

31,038

 

 

 

31,042

 

 

 

30,838

 

Net loss per share - basic

 

$

(0.07

)

 

$

(0.12

)

 

$

(0.21

)

 

$

(0.37

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted loss per share computation:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(2,265

)

 

$

(3,700

)

 

$

(6,497

)

 

$

(11,343

)

Change in fair value of common warrant liabilities

 

 

(42

)

 

 

 

 

 

 

 

 

 

Net loss adjusted for change in fair value of warrant liabilities

 

$

(2,307

)

 

$

(3,700

)

 

$

(6,497

)

 

$

(11,343

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares used to compute basic net loss per share

 

 

31,042

 

 

 

31,038

 

 

 

31,042

 

 

 

30,838

 

Dilutive effect of common warrants

 

 

121

 

 

 

 

 

 

 

 

 

 

Weighted average shares used to compute diluted net loss per share

 

 

31,163

 

 

 

31,038

 

 

 

31,042

 

 

 

30,838

 

Net loss per share - diluted

 

$

(0.07

)

 

$

(0.12

)

 

$

(0.21

)

 

$

(0.37

)