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Condensed Balance Sheets (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 22,857 $ 13,430
Short-term investments 39,284 39,325
Accounts receivable 13,554 12,851
Inventory 16,346 13,381
Prepaid expenses and other current assets 1,701 2,352
Total current assets 93,742 81,339
Property and equipment, net 1,156 1,052
Operating lease right-of-use asset 11,007 11,843
Restricted cash 122 122
Deferred offering costs 0 276
Other assets 87 15
Total assets 106,114 94,647
Current liabilities    
Accounts payable 4,721 2,954
Accrued liabilities 9,740 9,787
Operating lease liability 1,986 1,860
Deferred revenue 696 555
Total current liabilities 17,143 15,156
Long-term debt 58,616 59,525
Operating lease liability, net of current portion 10,917 11,953
Total liabilities 86,676 86,634
Commitments and contingencies (Note 5)
Stockholders’ equity    
Preferred stock, $0.001 par value, 10,000,000 shares authorized and no shares issued and outstanding as of June 30, 2025 and December 31, 2024 0 0
Common stock, $0.001 par value, 200,000,000 shares authorized as of June 30, 2025 and December 31, 2024; 33,044,371 and 30,145,039 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 33 30
Additional paid-in capital 565,595 538,933
Accumulated deficit (546,190) (530,950)
Total stockholders’ equity 19,438 8,013
Total liabilities and stockholders’ equity $ 106,114 $ 94,647