| Balance Sheet Details |
Inventory Inventory consists of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
June 30, |
|
|
December 31, |
|
|
|
2026 |
|
|
2025 |
|
Component materials |
|
$ |
5,044 |
|
|
$ |
4,985 |
|
Finished goods |
|
|
1,693 |
|
|
|
2,303 |
|
Total |
|
$ |
6,737 |
|
|
$ |
7,288 |
|
Property and Equipment, net Property and equipment are comprised of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
June 30, |
|
|
December 31, |
|
|
|
2026 |
|
|
2025 |
|
Furniture and fixtures |
|
$ |
921 |
|
|
$ |
857 |
|
Computer equipment and software |
|
|
391 |
|
|
391 |
|
Laboratory and manufacturing equipment |
|
|
2,508 |
|
|
|
2,418 |
|
Leasehold improvements |
|
|
855 |
|
|
852 |
|
Construction in progress |
|
|
147 |
|
|
218 |
|
Total Property and Equipment |
|
|
4,822 |
|
|
|
4,736 |
|
Less: accumulated depreciation and amortization |
|
|
3,062 |
|
|
|
2,706 |
|
Property and Equipment, Net |
|
$ |
1,760 |
|
|
$ |
2,030 |
|
Depreciation and amortization expense was $0.2 million for both the three months ended June 30, 2026 and 2025 and $0.4 million and $0.5 million for the six months ended June 30, 2026 and 2025, respectively. Other Non-Current Assets Other non-current assets are comprised of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
June 30, |
|
|
December 31, |
|
|
|
2026 |
|
|
2025 |
|
Recorders at customer locations |
|
$ |
2,130 |
|
|
$ |
1,838 |
|
Less: accumulated depreciation of recorders at customer locations |
|
|
(1,099 |
) |
|
|
(1,033 |
) |
Recorders at customer locations, net |
|
|
1,031 |
|
|
805 |
|
Recorders and related components |
|
|
1,613 |
|
|
|
1,141 |
|
Deferred debt financing cost |
|
|
155 |
|
|
335 |
|
Other non-current assets |
|
|
621 |
|
|
|
631 |
|
Total non-current assets |
|
$ |
3,420 |
|
|
$ |
2,912 |
|
Recorder depreciation expense was $0.07 million and $0.09 million for the three months ended June 30, 2026 and 2025, respectively, and $0.1 million and $0.2 million for the six months ended June 30, 2026 and 2025, respectively. Accrued Liabilities Accrued liabilities are comprised of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
June 30, |
|
|
December 31, |
|
|
|
2026 |
|
|
2025 |
|
Accrued bonuses and payroll |
|
$ |
3,814 |
|
|
$ |
6,082 |
|
Accrued commissions |
|
|
3,328 |
|
|
|
4,048 |
|
Professional fees and other costs |
|
|
3,489 |
|
|
|
1,994 |
|
Employee stock purchase plan liability |
|
|
1,540 |
|
|
|
1,004 |
|
Other |
|
|
310 |
|
|
|
1,200 |
|
Total |
|
$ |
12,481 |
|
|
$ |
14,328 |
|
|