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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2024
Accounting Policies [Abstract]  
Summary of Components of Inventories

The Company’s inventories consisted of the following (in thousands):

 

 

 

June 30,
2024

 

 

December 31,
2023

 

Raw materials

 

$

170

 

 

$

165

 

Work in process

 

 

1,335

 

 

 

1,164

 

Finished goods

 

 

969

 

 

 

890

 

Total inventories

 

$

2,474

 

 

$

2,219

 

Summary of Significant Accounting Policies - Summary of Total Revenue by Geographic Region Based on Customers' Locations

Total revenue by geographic region based on customers’ locations for the three and six months ended June 30, 2024 and 2023 are as follows (in thousands):

 

 

 

Three months ended
June 30,

 

 

Six months ended
June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

United States

 

$

1,182

 

 

$

1,143

 

 

$

2,155

 

 

$

2,421

 

Europe

 

 

644

 

 

 

613

 

 

 

1,187

 

 

 

1,044

 

Japan

 

 

140

 

 

 

112

 

 

 

287

 

 

 

282

 

Other

 

 

205

 

 

 

213

 

 

 

369

 

 

 

388

 

Total

 

$

2,171

 

 

$

2,081

 

 

$

3,998

 

 

$

4,135

 

Summary of Numerators and Denominators in Calculation of Basic and Diluted Net (Loss) Income per Share

The numerators and denominators in the calculation of basic and diluted net loss per share were as follows (in thousands except per share amounts):

 

 

 

Three months ended
June 30,

 

 

Six months ended
June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Basic loss per share computation:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(3,700

)

 

$

(11,181

)

 

$

(11,343

)

 

$

(23,168

)

Weighted average number of shares outstanding - basic

 

 

31,038

 

 

 

24,508

 

 

 

30,838

 

 

 

24,140

 

Net loss per share - basic

 

$

(0.12

)

 

$

(0.46

)

 

$

(0.37

)

 

$

(0.96

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted loss per share computation:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(3,700

)

 

$

(11,181

)

 

$

(11,343

)

 

$

(23,168

)

Change in fair value of pre-funded warrant liabilities

 

 

 

 

 

 

 

 

 

 

 

258

 

Net loss adjusted for change in fair value of warrant liabilities

 

$

(3,700

)

 

$

(11,181

)

 

$

(11,343

)

 

$

(23,426

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares used to compute basic net loss per share

 

 

31,038

 

 

 

24,508

 

 

 

30,838

 

 

 

24,140

 

Dilutive effect of pre-funded warrants

 

 

 

 

 

 

 

 

 

 

 

237

 

Weighted average shares used to compute diluted net loss per share

 

 

31,038

 

 

 

24,508

 

 

 

30,838

 

 

 

24,377

 

Net loss per share - diluted

 

$

(0.12

)

 

$

(0.46

)

 

$

(0.37

)

 

$

(0.96

)