XML 9 R2.htm IDEA: XBRL DOCUMENT v3.25.2
CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 35,075 $ 30,432
Short-term investments 214,645 73,143
Accounts receivable, net 11,395 11,996
Inventories, net 17,323 13,320
Prepaid expenses and other current assets 7,637 4,032
Total current assets 286,075 132,923
Property and equipment, net 6,465 4,776
Operating lease right-of-use asset 6,038 6,645
Restricted cash 100 100
Deferred offering costs   5,051
Long-term investments 31,149  
Other long-term assets 144 150
Total assets 329,971 149,645
Current liabilities:    
Accounts payable 3,424 2,852
Accrued expenses and other current liabilities 13,405 15,828
Operating lease liabilities 1,519 1,529
Deferred revenue 1,141 939
Total current liabilities 19,489 21,148
Operating lease liabilities, net of current portion 5,168 5,726
Deferred revenue, net of current portion 2,670 1,860
Warrant liabilities   44,898
Other long-term liabilities 1,011  
Total liabilities 28,338 73,632
Commitments and contingencies (Note 17)
Convertible preferred stock (Series A, A-2, B, B-2, C, D and E), par value of $0.0001 per share; no and 34,966,547 shares authorized at June 30, 2025 and December 31, 2024, respectively; no and 17,228,954 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively; liquidation preference of $0 and $355,162 at June 30, 2025 and December 31, 2024, respectively   321,373
Stockholders' deficit:    
Common stock 4
Preferred stock
Additional paid-in capital 643,742 51,311
Accumulated other comprehensive income 149 65
Accumulated deficit (342,262) (296,737)
Total stockholders' equity (deficit) 301,633 (245,360)
Total liabilities, convertible preferred stock and stockholders' equity (deficit) 329,971 149,645
Class A Common Stock    
Stockholders' deficit:    
Common stock 1
Class B Common Stock    
Stockholders' deficit:    
Common stock
Class C Common Stock    
Stockholders' deficit:    
Common stock