v3.26.1
Condensed Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 24,460 $ 26,871
Marketable securities 74,533 97,434
Trade accounts receivable, net of allowance for credit losses 10,873 8,268
Inventories, net 22,920 21,591
Prepaid expenses 2,329 1,518
Other current assets 2,292 1,483
Total current assets 137,407 157,165
Property and equipment, net 14,498 12,532
Operating lease right-of-use asset 69 110
Other assets 33 0
Intangible assets, net 0 100
Total assets 152,007 169,907
Current liabilities    
Accounts payable ($1,378 and $1,220 to related parties, respectively) 5,931 8,874
Current operating lease obligations 37 62
Accrued liabilities ($0 and $575 to related parties, respectively) 6,864 5,259
Total current liabilities 12,832 14,195
Long-term liabilities    
Long-term debt 14,813 14,911
Other long-term liabilities 34 51
Total long-term liabilities 14,847 14,962
Total liabilities 27,679 29,157
Commitments and contingencies (note 8)
Stockholders’ equity    
Common stock 21 21
Preferred stock 0 0
Additional paid-in capital 240,343 238,012
Accumulated deficit (115,932) (97,400)
Accumulated other comprehensive income (loss) (104) 117
Total stockholders’ equity 124,328 140,750
Total liabilities, convertible preferred stock, and stockholders’ equity $ 152,007 $ 169,907