December 31,

2024

2023

Total revenues

$

43,273

$

46,018

DURAVYU™ direct research and development expense

(70,818

)

(32,014

)

Other direct research and development expense

(2,656

)

(714

)

Personnel expense (including stock based compensation)

(84,730

)

(56,696

)

Facilities expense

(3,921

)

(2,567

)

Depreciation and amortization

(1,540

)

(464

)

Interest expense

—

(1,247

)

Intellectual property expense

(1,361

)

(1,233

)

Legal, corporate and professional expenses

(10,177

)

(10,569

)

Provision for income taxes

(90

)

(83

)

Interest and other income, net

15,088

6,949

Other segment expenses*

(13,938

)

(18,175

)

Net loss

(130,870

)

(70,795

)

*Other segment expenses include cost of goods sold, other expenses required to operate as a public company, such as insurance, software, contracted services, as well as loss on extinguishment of debt.