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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 50,406 $ 31,953
Short-term investments 5,969 3,703
Accounts receivable, net of allowance for credit losses of $0 and $0, respectively 3,625 1,301
Inventories 2,396 2,985
Prepaid expenses and other current assets 1,253 6,272
Total current assets 63,649 46,214
Property and equipment, net 1,450 982
Restricted cash 1,283 2,565
Other assets 10,067 555
Total assets 76,449 50,316
Current liabilities:    
Accounts payable 1,128 1,979
Operating lease liabilities, current 1,875 211
Accrued expenses and other current liabilities 4,066 2,265
Short-term debt 0 42,587
Total current liabilities 7,069 47,042
Warrant liability 43 440
Earnout liability 93 920
Operating lease liabilities, non-current 8,720 281
Total liabilities 15,925 48,683
Commitments and contingencies (Note 17)
Convertible preferred stock:    
Convertible preferred stock – Par value $0.00001 per share – 5,000,000 shares authorized at December 31, 2023 and 2022; 100,000 shares issued and outstanding at December 31, 2023 (aggregate liquidation preference of $104.1 million at December 31, 2023; no shares issued and outstanding at December 31, 2022; 98,891 0
Stockholders’ equity (deficit):    
Common stock – Par value $0.00001 per share – 35,000,000 shares authorized at December 31, 2023 and 2022; 15,861,494 and 15,674,781 shares issued and outstanding at December 31, 2023 and 2022, respectively 0 0
Additional paid-in capital 96,583 88,058
Accumulated other comprehensive income (345) (366)
Accumulated deficit (134,605) (86,059)
Total stockholders’ equity (deficit) (38,367) 1,633
Total liabilities, convertible preferred stock and stockholders’ equity (deficit) $ 76,449 $ 50,316