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Other Income (Expense) (Tables)
9 Months Ended
Sep. 30, 2024
Other Income and Expenses [Abstract]  
Schedule of Other Nonoperating Income (Expense)
The table below summarizes the components reported in Other income (expense) (in thousands):
Three Months Ended
September 30,
Nine Months Ended
September 30,
2024202320242023
Other income (expense)
Gain on sale of patents and intellectual property$— $— $3,641 $— 
Gain on sale of equipment(1)
2,636 456 2,505 541 
Gain on forfeiture of non-refundable deposits— — 1,550 — 
Other miscellaneous income50 — 50 — 
Gain on fair value adjustment for warrant liabilities11 182 
Unrealized loss on securities available-for-sale(287)— (777)— 
Total$2,403 $457 $6,980 $723 
(1)The gain on sale of equipment includes proceeds from the May 2024 Equipment Purchase Agreement, in which the Company sold $2.0 million of unused equipment. In the third quarter of 2024, the Company recognized $1.7 million, net of commissions as Other income upon completion of the sale.