Risks and Fair Value (Tables)

12 Months Ended

Dec. 31, 2024

Risks and Fair Value

Summary of Concentration of Credit Risk and of Significant Suppliers and Customers

	Year Ended December 31,
	2024			2023			2022
Customer 1		44	%		49	%		44	%
Customer 2		23			25			25
Customer 3		10			11			17

	As of
	December 31,		December 31,
	2024		2023
Customer 1	46	%	50	%
Customer 2	28		28
Customer 3	8		11

Schedule of change in fair value of derivative liabilities

	Year Ended
	December 31,
	2024		2023		2022
Change in the fair value of the Conversion Option Derivative Liability	$	2,598	$	(4,502)	$	13,841
Change in the fair value of Royalty Fee Derivative Liability		(857)		215		—
Barings Royalty Fee		(2,221)		(901)		—
Total	$	(480)	$	(5,188)		13,841

Schedule of assets and liabilities measured at fair Value on recurring basis

	Fair Value Measurements as of
	December 31, 2024 Using:
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	378,112	$	—	$	—	$	378,112
Liability:
Derivative liability	$	—	$	—	$	13,246	$	13,246

	Fair Value Measurements as of
	December 31, 2023 Using:
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	187,951	$	—	$	—	$	187,951
Liability:
Derivative liabilities	$	—	$	—	$	29,987	$	29,987

Royalty Fee Derivative Liability

Risks and Fair Value

Schedule of main inputs to valuing the Derivative Liability

	As of
	December 31,			December 31,
	2024			2023
Revenue volatility		64.0	%		67.0	%
Revenue discount rate		16.0	%		15.8	%

Shares issuable in connection with conversion of Convertible Notes, if converted

Risks and Fair Value

Schedule of main inputs to valuing the Derivative Liability

	As of
	December 31,
	2023
Company's stock price	$	4.46
Volatility		88.4	%
Bond yield		20.8	%