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Condensed Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 40,141 $ 194,370
Marketable securities 137,287  
Accounts receivable, net 12,312 10,878
Inventory 6,000 6,937
Contract costs, current 2,024 1,837
Prepaid expenses and other current assets 2,022 3,250
Total current assets 199,786 217,272
Property and equipment, net 2,105 2,313
Operating lease right-of-use assets 1,652 2,132
Contract costs, long-term 1,671 1,507
Other non-current assets 2,475 2,188
Total assets 207,689 225,412
Current liabilities    
Accounts payable 2,441 1,143
Accrued liabilities 10,426 10,052
Contract liabilities, current 216 97
Operating lease liability, current 1,146 1,088
Other current liabilities 785 609
Total current liabilities 15,014 12,989
Long-term liabilities    
Notes payable, long-term 19,681 19,558
Contract liabilities, long-term 7 30
Other liabilities, long-term 106 356
Operating lease liability, long-term 726 1,314
Total long-term liabilities 20,520 21,258
Total liabilities 35,534 34,247
Commitments and contingencies (Note 7)
Stockholders' equity    
Preferred stock, $0.001 par value; Authorized shares: 10,000,000 as of both June 30, 2025 and December 31, 2024 Issued and outstanding shares: none as of both June 30, 2025 and December 31, 2024
Common stock, $0.001 par value; Authorized shares: 500,000,000 as of both June 30, 2025 and December 31, 2024 Issued and outstanding shares: 36,599,663 and 35,850,606 as of June 30, 2025 and December 31, 2024, respectively 37 36
Additional paid-in capital 365,477 358,073
Accumulated other comprehensive income 5  
Accumulated deficit (193,364) (166,944)
Total stockholders' equity 172,155 191,165
Total liabilities and stockholders' equity $ 207,689 $ 225,412