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Summary of Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2021
Accounting Policies [Abstract]  
Schedule of Cash Cash Equivalents And Restricted Cash

The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the consolidated balance sheets to the amount reported in the Consolidated Statement of Cash Flows for the years ended December 31, 2021 and 2020 (in thousands).

 

 

 

Year ended December 31,

 

 

 

2021

 

 

2020

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

24,361

 

 

$

13,994

 

Restricted cash

 

 

811

 

 

 

461

 

Cash, cash equivalents and restricted cash in the consolidated statements of cash flows

 

$

25,172

 

 

$

14,455

 

Schedule of Basic and Diluted Net Loss Per Share

The following tables show the computation of basic and diluted net (loss) income per share for 2021 and 2020 (in thousands, except number of shares):

 

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

Common Stock

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

Net (loss) income available to stockholders,
   basic

 

$

(48,688

)

 

$

3,366

 

Effect of dilutive securities:

 

 

 

 

 

 

Redeemable stock options

 

 

 

 

 

(2,511

)

Net (loss) income available to stockholders,
   diluted

 

$

(48,688

)

 

$

855

 

Denominator:

 

 

 

 

 

 

Weighted-average shares outstanding,
   basic

 

 

13,625,044

 

 

 

3,707,207

 

Effect of dilutive securities:

 

 

 

 

 

 

Redeemable stock options

 

 

 

 

 

1,825,098

 

Weighted-average shares, diluted

 

 

13,625,044

 

 

 

5,532,305

 

 

 

 

 

 

 

 

Net (loss) income per share:

 

 

 

 

 

 

Attributable to common stock, basic

 

$

(3.57

)

 

$

0.91

 

Attributable to common stock, diluted

 

$

(3.57

)

 

$

0.15

 

 

 

 

 

 

 

 

Series G Common Stock

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

Net loss available to stockholder,
   basic

 

$

 

 

$

(0.39

)

Effect of dilutive securities:

 

 

 

 

 

 

Redeemable preferred stock and warrants

 

$

 

 

$

(0.23

)

Net loss available to stockholder,
   diluted

 

$

 

 

$

(0.62

)

Denominator:

 

 

 

 

 

 

Weighted-average shares outstanding,
   basic and diluted

 

 

 

 

 

1

 

Basic net loss per share

 

$

 

 

$

(0.39

)

Diluted net loss per share

 

$

 

 

$

(0.62

)

Schedule of Dilutive Securities Excluded from Computation of Income (Loss) Per Share

The following weighted average outstanding potentially dilutive securities were excluded from the calculation of diluted net income (loss) per share attributable to common stockholders because their impact under the “treasury stock method” and “if-converted method” was anti-dilutive for the periods presented:

 

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

Redeemable preferred stock and warrants

 

 

 

 

 

14,883,489

 

Stock options issued and outstanding under the 2006 Stock Plan, 2015 Equity Incentive Plan and 2021 Equity Incentive Plan

 

 

2,144,860

 

 

 

1,444,611

 

Restricted stock units

 

 

223,716

 

 

 

 

Stock issuable in offering period under the Employee Stock Purchase Plan

 

 

8,248

 

 

 

 

Schedule of Revenue from Contracts with Customers

For the years ended December 31, 2021 and 2020, revenue from contracts with customers consisted of the following (in thousands):

 

 

 

Year ended December 31,

 

 

 

 

2021

 

 

2020

 

 

LDD (including training)

 

$

13,774

 

 

$

10,159

 

 

LAL

 

 

8,163

 

 

 

4,256

 

 

Service warranty, service contracts, and
   accessories

 

 

656

 

 

 

263

 

 

 

 

$

22,593

 

 

$

14,678