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Supplemental Financial Information
 12 Months Ended
Dec. 31, 2024
Other Liabilities Disclosure [Abstract]  
Supplemental Financial Information Supplemental Financial Information
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported on the consolidated balance sheets to the total of the same amounts shown on the consolidated statements of cash flows:
As of December 31,
20242023
Cash and cash equivalents$85,212 $99,681 
Restricted cash (included in other assets)990 987 
Total$86,202 $100,668 
Restricted cash included in other assets as of December 31, 2024 and 2023 primarily consists of money market deposit accounts that secure an irrevocable standby letter of credit that serves as collateral for security deposit operating leases.
Prepaid expenses and other current assets consisted of the following:
As of December 31,
20242023
Prepaid expenses$7,425 $8,640 
Other current assets1,079 1,958 
Total$8,504 $10,598 
Accounts payable and accrued expenses consisted of the following:
As of December 31,
20242023
Accounts payable$7,954 $10,238 
Accrued expenses11,504 12,179 
Reserves for refunds to insurance carriers10,586 15,039 
Total$30,044 $37,456 
Other current liabilities consisted of the following:
As of December 31,
20242023
Accrued compensation$16,241 $12,465 
Accrued severance746 1,853 
Other2,843 2,018 
Total$19,830 $16,336 
Other liabilities consisted of the following:
As of December 31,
20242023
Warrant liability$3,519 $2,735 
Third party payor reserve2,000 12,000 
Total$5,519 $14,735 
2023 Capital Raise
On January 31, 2023, the Company raised approximately $150.0 million in gross proceeds and announced the closing of an underwritten public offering of 9,962,316 shares of its Class A common stock and a concurrent registered direct offering of 2,353,436 shares of its Class A common stock. The net offering proceeds received after deducting underwriters’ discounts and commissions payable by the Company were approximately $135.4 million. On April 17, 2023, following the Company’s receipt of stockholder approval for the issuance, the Company issued the remaining 676,868 shares of its Class A common stock to Corvex Select Equity Master Fund LP, Corvex Master Fund LP and Corvex Dynamic Equity Select Master Fund LP in its previously announced registered direct offering for gross proceeds of approximately $7.6 million.
2024 Sales Agreement
The Company entered into a sales agreement (the “Sales Agreement”) with TD Securities (USA) LLC (“TD Cowen”) in April 2024, pursuant to which the Company may, but is not obligated to, offer and sell, from time to time, shares of its Class A common stock with an aggregate offering price up to $75.0 million through TD Cowen, as sales agent, subject to the terms and conditions described in the Sales Agreement and SEC rules and regulations (the “ATM offering”). During the year ended December 31, 2024, the Company issued 825,379 shares of its Class A common stock in connection with the ATM offering at an average price
of $58.41 per share. Proceeds received, net of agent fees and other offering expenses, were $46.5 million. As of December 31, 2024, approximately $26.8 million of capacity remained available under this ATM offering.