v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net loss $ (17,074) $ (10,554)
Adjustment to reconcile net loss to cash used in operating activities:    
Depreciation and amortization 125 79
Amortization of deferred loan costs and discount on notes payable 154 153
Lease amortization 350 297
Stock-based compensation 907 505
Accretion of discount on marketable securities (137) (214)
Changes in operating assets and liabilities:    
Accounts and other receivables (2,832) (339)
Inventory (897) (2,161)
Prepaid expenses 770 234
Other assets (269) 136
Accounts payable (1,314) (686)
Accrued expenses and other liabilities (822) (1,321)
Interest payable (4) (4)
Operating lease liability 792 311
Net cash used in operating activities (20,251) (13,564)
Cash flows from investing activities:    
Purchase of property and equipment (3,290) (60)
Maturities of marketable securities 19,415 13,655
Sales of marketable securities 4,757 4,311
Net cash provided by investing activities 20,882 17,906
Cash flows from financing activities:    
Repayment of notes payable (22)
Proceeds from exercise of stock options 132 264
Net cash provided by financing activities 132 242
Effect of exchange rate change on cash 1 1
Net change in cash, cash equivalents, and restricted cash 764 4,585
Cash, cash equivalents, and restricted cash, beginning of the period 8,398 6,918
Cash, cash equivalents, and restricted cash, end of the period 9,162 11,503
Supplemental disclosure of cash flow information    
Cash paid for interest expense 1,167 1,249
Supplemental disclosure of non-cash investing and financing activities:    
Purchases of property and equipment not yet paid 1,701 517
Initial recognition of right of use asset and operating lease liability $ 12,838