Basis of Presentation and Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2023

Basis of Presentation and Summary of Significant Accounting Policies (Tables) LineItems

Schedule of Reconciliation of the Components of Cash and Restricted Cash

Restricted cash represents amounts held on deposit at a commercial bank used to secure the Company’s credit card facility balances, to collateralize a letter of credit in the name of the Company’s landlord pursuant to a certain operating lease and for a post-employment savings fund established for the benefit of eligible Bangladesh employees. The following table provides a reconciliation of the components of cash, cash equivalents and restricted cash reported in the Company’s condensed consolidated balance sheets to the total of the amount presented in the condensed consolidated statements of cash flows:

	June 30,
(in thousands)	2023		2022
Cash and cash equivalents	$	24,551	$	29,988
Restricted cash		125		125
Restricted cash – non-current		584		665
Total cash, cash equivalents and restricted cash presented in the condensed consolidated statements of cash flows	$	25,260	$	30,778

Schedule of Deferred Revenue

Changes in the deferred revenue account were as follows:

(in thousands)	Six Months Ended June 30, 2023			Year Ended December 31, 2022
Balance, beginning of period	$	7,254		$	6,238
Deferral of revenue		21,064			31,949
Recognition of unearned revenue		(20,460	)		(30,933	)
Balance, end of period	$	7,858		$	7,254

Schedule of Diluted Weighted-Average Shares of Common Stock Outstanding

The following potentially dilutive securities have been excluded from the computation of diluted weighted-average shares of common stock outstanding, as they would be anti-dilutive:

	June 30, 2023		June 30, 2022
Common stock warrants		4,743,466		2,801,703
Stock options		9,562,621		8,126,955
Restricted stock units		263,155		—
		14,569,242		10,928,658