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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 27,329 $ 63,419
Short-term investments 103,402 83,560
Accounts receivable, net of allowance for doubtful accounts of $258 and $264, respectively 12,682 14,246
Inventory 14,705 11,498
Prepaid expenses and other current assets 3,143 3,143
Total current assets 161,261 175,866
Property and equipment, net 10,276 8,992
Operating lease right-of-use assets 4,917 5,248
Other non-current assets 395 400
TOTAL ASSETS 176,849 190,506
Current liabilities:    
Accounts payable 4,998 3,198
Accrued liabilities and other 9,169 12,353
Operating lease liabilities, current portion 1,286 1,339
Total current liabilities 15,453 16,890
Long-term borrowings 35,024 34,973
Operating lease liabilities, net of current portion 3,889 4,166
Other long-term liabilities 45 57
TOTAL LIABILITIES 54,411 56,086
Commitments and contingencies (Note 6)
STOCKHOLDERS’ EQUITY    
Preferred stock, $0.0001 par value; 5,000,000 shares authorized; no shares issued and outstanding 0 0
Common stock, $0.0001 par value; 100,000,000 shares authorized; 33,872,363 and 33,674,085 shares issued and outstanding, respectively 3 3
Additional paid-in capital 435,590 429,914
Accumulated other comprehensive income 104 352
Accumulated deficit (313,259) (295,849)
TOTAL STOCKHOLDERS’ EQUITY 122,438 134,420
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 176,849 $ 190,506