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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2025
Summary of Significant Accounting Policies  
Schedule of company’s revenue disaggregated by category and source

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

2025

 

2024

 

2025

 

2024

 

(in thousands)

 

(in thousands)

Commercial

$

1,016

 

$

1,100

 

$

1,948

 

$

2,141

Government contracts

 

186

 

 

5

 

 

793

 

 

10

Total revenue

$

1,202

 

$

1,105

 

$

2,741

 

$

2,151

Schedule of stock-based compensation included in cost of goods sold, research and development, and selling, general and administrative expenses

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

2025

 

2024

 

2025

 

2024

 

 

(in thousands)

 

 

(in thousands)

Cost of goods sold

$

156

 

$

109

 

$

393

 

$

183

Research and development

 

1,160

 

 

1,132

 

 

2,203

 

 

2,640

Selling, general and administrative

 

2,334

 

 

2,410

 

 

5,378

 

 

5,073

Total stock-based compensation expense

$

3,650

 

$

3,651

 

$

7,974

 

$

7,896

Schedule of diluted weighted average shares

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

2025

 

2024

 

2025

 

2024

 

(in thousands, except per share amounts)

 

(in thousands, except per share amounts)

Numerator

 

 

 

 

 

 

 

 

 

 

 

Net loss attributable to common stockholders

$

(63,195)

 

$

(24,390)

 

$

(121,774)

 

$

(56,000)

 

 

 

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares – basic and diluted

 

132,318

 

 

115,210

 

 

131,509

 

 

119,359

Basic and diluted loss per share

$

(0.48)

 

$

(0.21)

 

$

(0.93)

 

$

(0.47)

Schedule of anti-dilutive unvested restricted stock units and unvested restricted stock awards

 

Three Months Ended June 30,

 

Six Months Ended June 30,

Antidilutive Shares Excluded

2025

 

2024

 

2025

 

2024

 

(in thousands)

 

(in thousands)

Warrants

 

37,267

 

 

34,529

 

 

37,267

 

 

34,529

Stock Options

 

4,244

 

 

4,484

 

 

4,244

 

 

4,484

Unvested Restricted Stock Units

 

4,082

 

 

5,539

 

 

4,082

 

 

5,539

Unvested Restricted Stock Awards

 

220

 

 

231

 

 

220

 

 

231

2028 Notes Convertible Stock

 

15,127

 

 

 

 

15,127

 

 

Schedule of goodwill activities

 

Six Months Ended June 30,

 

2025

 

2024

 

(in thousands)

Beginning Balance

$

16,966

 

$

17,977

Changes in foreign exchange rates

 

2,128

 

 

(527)

Ending Balance

$

19,094

 

$

17,450