v3.26.1
Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 11,492 $ 26,871
Marketable securities 97,046 97,434
Trade accounts receivable, net of allowance for credit losses 10,546 8,268
Inventories, net 21,829 21,591
Prepaid expenses 1,705 1,518
Other current assets 3,158 1,483
Total current assets 145,776 157,165
Property and equipment, net 14,470 12,532
Operating lease right-of-use asset 90 110
Intangible assets, net 25 100
Total assets 160,361 169,907
Current liabilities    
Accounts payable ($1,176 and $1,220 to related parties, respectively) 5,924 8,874
Current operating lease obligations 50 62
Accrued liabilities ($666 and $575 to related parties, respectively) 6,366 5,259
Total current liabilities 12,340 14,195
Long-term liabilities    
Long-term debt 14,961 14,911
Other long-term liabilities 43 51
Total long-term liabilities 15,004 14,962
Total liabilities 27,344 29,157
Commitments and contingencies (note 9)
Stockholders’ equity    
Common stock 21 21
Preferred stock 0 0
Additional paid-in capital 238,839 238,012
Accumulated deficit (105,779) (97,400)
Accumulated other comprehensive income (64) 117
Total stockholders’ equity 133,017 140,750
Total liabilities, convertible preferred stock, and stockholders’ equity $ 160,361 $ 169,907