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Balance Sheet Details
9 Months Ended
Sep. 30, 2025
Balance Sheet Related Disclosures [Abstract]  
Balance Sheet Details

Note 4. Balance Sheet Details

Inventory and other deferred costs consist of the following (in thousands):

 

 

September 30, 2025

 

 

December 31, 2024

 

Raw materials

 

$

3,729

 

 

$

3,976

 

Other deferred costs

 

 

927

 

 

 

1,963

 

Total inventory and other deferred costs

 

$

4,656

 

 

$

5,939

 

Property and equipment. Depreciation and amortization expense for the three months ended September 30, 2025 and 2024 was $2.4 million and $2.8 million, and was $7.5 million and $8.4 million for the nine months ended September 30, 2025 and 2024, respectively. Accumulated depreciation and amortization was $53.3 million and $46.0 million as of September 30, 2025 and December 31, 2024, respectively.

Restricted cash. The Company’s restricted cash is pledged as collateral for a standby letter of credit related to a property lease. The balance of restricted cash was $1.8 million as of September 30, 2025 and December 31, 2024, and is included in other long-term assets.

Accrued and other current liabilities consist of the following (in thousands):

 

 

September 30, 2025

 

 

December 31, 2024

 

Accrued compensation

 

$

6,807

 

 

$

8,544

 

Operating lease liabilities

 

 

6,900

 

 

 

7,696

 

Loans—current portion (Note 6)

 

 

1,473

 

 

 

1,669

 

Market Development Fees received from Tempus (Note 8)

 

 

3,500

 

 

 

1,400

 

Employee ESPP contributions

 

 

737

 

 

 

301

 

Other current liabilities

 

 

4,135

 

 

 

2,019

 

Total accrued and other current liabilities

 

$

23,552

 

 

$

21,629