v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 61,374 $ 78,437
Short-term investments 106,897 112,967
Accounts receivable, net 6,200 6,147
Inventory 6,054 5,493
Other receivables 509 568
Prepaid expenses and other current assets 1,951 1,294
Total current assets 182,985 204,906
Property and equipment, net 10,564 9,921
Operating lease right-of-use assets 4,118 3,962
Other assets 827 781
Total assets 198,494 219,570
Current liabilities:    
Accounts payable 4,071 7,889
Accrued expenses 5,368 8,467
Current portion of long-term debt 13,333 12,222
Current portion of operating lease liability 1,272 864
Payable to licensor 7,000
Accrued taxes and other current liabilities 2 128
Total current liabilities 31,046 29,570
Long-term operating lease liabilities 3,814 4,069
Long-term debt 4,754 7,813
Deferred revenue 425
Warrant liabilities 13,516 18,902
Total liabilities 53,555 60,354
Commitments and contingencies
Preferred stock - $0.01 par value; authorized 2,000,000 shares; No shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively
Common stock - $0.01 par value; authorized 200,000,000 shares; 56,866,381 and 55,043,413 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 568 550
Additional paid-in capital 903,542 900,603
Accumulated deficit (759,150) (742,075)
Accumulated other comprehensive (loss) income (21) 138
Total stockholders’ equity 144,939 159,216
Total liabilities and stockholders’ equity $ 198,494 $ 219,570