v3.25.4
Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 21,692 $ 13,430
Short-term investments 39,366 39,325
Accounts receivable 14,681 12,851
Inventory 16,896 13,381
Prepaid expenses and other current assets 1,438 2,352
Total current assets 94,073 81,339
Property and equipment, net 1,125 1,052
Operating lease right-of-use asset 10,132 11,843
Restricted cash 122 122
Deferred offering costs 0 276
Other assets 113 15
Total assets 105,565 94,647
Current liabilities:    
Accounts payable 2,217 2,954
Accrued liabilities 13,339 9,787
Operating lease liability 2,117 1,860
Deferred revenue 141 555
Total current liabilities 17,814 15,156
Long-term debt 58,884 59,525
Operating lease liability, net of current portion 9,836 11,953
Total liabilities 86,534 86,634
Commitments and contingencies (Note 5)
Stockholders’ equity:    
Preferred stock, $0.001 par value, 10,000,000 shares authorized and no shares issued and outstanding as of December 31, 2025 and 2024 0 0
Common stock, $0.001 par value, 200,000,000 shares authorized as of December 31, 2025 and December 31, 2024; 33,574,759 and 30,145,039 shares issued and outstanding as of December 31, 2025 and 2024, respectively 34 30
Additional paid-in-capital 571,412 538,933
Accumulated deficit (552,415) (530,950)
Total stockholders’ equity 19,031 8,013
Total liabilities and stockholders’ equity $ 105,565 $ 94,647