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Condensed Statements of Operations and Comprehensive (Loss) Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Total revenue $ 12,093 $ 16,466 $ 37,159 $ 47,059
Total cost of sales 6,141 6,547 17,831 19,517
Gross profit 5,952 9,919 19,328 27,542
Operating expenses:        
Research and development 3,384 2,659 10,259 8,566
General and administrative 3,363 3,933 10,653 10,660
Sales and marketing 1,320 1,348 3,950 4,018
Total operating expenses 8,067 7,940 24,862 23,244
(Loss) income from operations (2,115) 1,979 (5,534) 4,298
Interest expense       (63)
Other income, net 4,396 459 5,187 2,849
Net income (loss) before income taxes 2,281 2,438 (347) 7,084
Income tax expense (10)   (86)  
Net income (loss) and comprehensive income (loss) $ 2,271 $ 2,438 $ (433) $ 7,084
Net (loss) income per common share, Basic $ 0.10 $ 0.12 $ (0.02) $ 0.34
Net (loss) income per common share, Diluted $ 0.10 $ 0.11 $ (0.02) $ 0.33
Weighted-average shares of common stock outstanding, basic 21,767,380 20,848,558 21,529,738 20,653,775
Weighted average shares of common stock outstanding, Diluted 21,985,175 21,828,789 21,529,738 21,276,904
Product sales        
Total revenue $ 10,443 $ 13,543 $ 31,190 $ 40,726
Total cost of sales 5,751 5,920 16,989 18,133
Licensing, royalty, patent and other revenue        
Total revenue 1,650 2,923 5,969 6,333
Total cost of sales $ 390 $ 627 $ 842 $ 1,384