v3.25.2
Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows from Operating Activities    
Net loss $ (23,858) $ (7,772)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 1,385 1,013
Amortization of debt discounts 126 150
Stock compensation expense 317 338
Realized gain (loss) on marketable securities (207) (49)
Change in fair value of warrant liabilities and Series E purchase option 13,134 50
Other 99 134
Change in Operating Assets and Liabilities    
Trade accounts receivable (1,820) 148
Inventory (3,126) (1,011)
Prepaid expenses (260) 56
Accounts payable 982 780
Other current assets and liabilities 1,954 182
Net Cash Used in Operating Activities (11,274) (5,981)
Cash Flows from Investing Activities    
Fixed asset purchases (2,311) (2,085)
Purchases of marketable securities (20,477) (4,047)
Sales of marketable securities 16,909 11,542
Net Cash (Used) Provided in Investing Activities (5,879) 5,410
Cash Flows from Financing Activities    
Proceeds from exercise of common stock options 151 0
Proceeds from exercise of preferred stock warrants 362 0
Proceeds from series E convertible preferred stock, net of issuance cost 39,553 0
Payment of deferred IPO offering costs (1,982) 0
Net Cash Provided in Financing Activities 38,084 0
Net Change in Cash for Period 20,931 (571)
Cash and Cash Equivalents, beginning of year 6,123 6,236
Cash and Cash Equivalents, end of year 27,054 5,665
Supplemental Cash Flows information    
Cash paid for interest 863 900
Non-Cash Investing and Financing Activities    
Capital expenditures included in accounts payable 441 135
Preferred stock warrant    
Non-Cash Investing and Financing Activities    
Conversion of Stock, Amount Converted 418 0
Series E    
Non-Cash Investing and Financing Activities    
Stock issuance cost included in liabilities 45 0
Conversion of Stock, Amount Converted 11,937 0
Common Stock    
Non-Cash Investing and Financing Activities    
Stock issuance cost included in liabilities $ 1,835 $ 0