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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets:    
Cash and cash equivalents $ 56,998 $ 54,578
Accounts receivable, net 19,105 19,172
Inventories, net 4,176 1,783
Prepaid expenses 15,772 15,092
Deferred program expenses 5,860 0
Other current assets 865 793
Total current assets 102,776 91,418
Property and equipment, net 3,477 4,283
Finance lease right-of-use assets, net 4,781 5,391
Operating lease right-of-use assets, net 518 622
Goodwill 17,922 17,922
Intangible assets, net 31,568 30,410
Other assets 4,000 8,189
Total assets 165,042 158,235
Liabilities:    
Accounts payable and other accrued liabilities 13,375 4,300
Accrued compensation and benefits 8,636 7,608
Contract liabilities 12,951 6,838
Finance lease obligations – current portion 1,954 1,877
Operating lease obligations – current portion 220 210
Other current liabilities 1,597 1,302
Total current liabilities 38,733 22,135
Finance lease obligations – non-current portion 6,650 7,641
Operating lease obligations – non-current portion 305 418
Deferred income taxes 840 813
Other liabilities 101 91
Total liabilities 46,629 31,098
Commitments and contingencies
Stockholders’ equity:    
Common stock, $0.001 par value, 250,000,000 shares authorized, 72,441,668 shares and 72,514,652 shares issued and outstanding as of June 30, 2025, and December 31, 2024, respectively 111 111
Additional paid-in capital 463,816 454,502
Accumulated other comprehensive loss (46) (129)
Accumulated deficit (345,468) (327,347)
Total stockholders’ equity 118,413 127,137
Total liabilities and stockholders’ equity $ 165,042 $ 158,235