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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 38,504 $ 46,814
Short-term investments   29,199
Accounts receivable, net 6,116 4,489
Inventory, net 15,308 8,840
Prepaid expenses 2,330 2,436
Deposits and other current assets 373 1,160
Total current assets 62,631 92,938
Property and equipment, net 47 58
Right-of-use lease assets - operating, net 1,309 1,401
Deposits and other assets 1,471 82
Total assets 65,458 94,479
Current liabilities    
Accounts payable 5,294 4,001
Accrued expenses 7,399 8,901
Lease obligation - operating, short-term 190 176
Other current liabilities 47 56
Total current liabilities 12,930 13,134
Term loan, long-term 39,990 38,811
Derivative liability 1,841 3,857
Lease obligation - operating, long-term 1,184 1,282
Other liabilities 263 177
Total liabilities 56,208 57,261
Commitments and contingencies (Note 12)
Stockholders’ equity    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized and no shares issued and outstanding
Common stock, $0.0001 par value; 150,000,000 shares authorized as of June 30, 2024; 35,968,510 and 36,139,802 shares issued and outstanding as of December 31, 2023 and June 30, 2024, respectively 4 4
Additional paid-in capital 321,790 318,561
Accumulated deficit (312,544) (281,346)
Accumulated other comprehensive income   (1)
Total stockholders’ equity 9,250 37,218
Total liabilities and stockholders’ equity $ 65,458 $ 94,479