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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 13,760,000 $ 29,517,000
Short-term investments 45,993,000 68,393,000
Receivables    
Trade, less allowance for credit losses of $0 as of both June 30, 2025 and December 31, 2024 327,000 926,000
Other 244,000 237,000
Prepaid expenses 2,431,000 3,341,000
Total current assets 62,755,000 102,414,000
Property, plant and equipment, net 14,695,000 13,831,000
Intangible assets, net 3,818,000 4,455,000
Goodwill 15,232,000 19,139,000
Right-of-use assets 4,806,000 5,056,000
Other assets 590,000 371,000
Total assets 101,896,000 145,266,000
Current liabilities    
Accounts payable 3,922,000 3,531,000
Accrued compensation and benefits 5,201,000 8,417,000
Other accrued liabilities 9,514,000 4,812,000
Indemnification accruals 3,213,000 3,213,000
Deferred revenue 413,000 589,000
Current portion of lease liabilities 930,000 956,000
Total current liabilities 23,193,000 21,518,000
Deferred revenue, net of current portion 1,818,000 1,934,000
Lease liabilities, net of current portion 4,223,000 4,546,000
Warrant liabilities 78,558,000 50,537,000
Total liabilities 107,792,000 78,535,000
Commitments and contingencies (Note 13)
Series A Preferred Stock, no par value, 81,000 shares authorized as of June 30, 2025 and December 31, 2024; 79,000 shares issued as of as June 30, 2025 and December 31, 2024 (aggregate liquidation preference of $82,160 as of June 30, 2025 and $79,000 as of December 31, 2024). 30,883,000 28,218,000
Shareholders' equity (deficit)    
Common stock, no par value, 400,000,000 shares authorized as of June 30, 2025 and December 31, 2024; 297,846,160 shares and 292,869,097 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively. 0 0
Additional paid-in capital 2,134,711,000 2,129,207,000
Accumulated deficit (2,171,501,000) (2,090,706,000)
Accumulated other comprehensive income 11,000 12,000
Total shareholders' (deficit) equity (36,779,000) 38,513,000
Total liabilities, mezzanine equity and shareholders' (deficit) equity $ 101,896,000 $ 145,266,000