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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Assets:    
Cash and cash equivalents $ 59,050 $ 54,578
Accounts receivable, net 20,423 19,172
Inventories, net 3,378 1,783
Prepaid expenses 12,825 15,092
Deferred program expenses 5,882 0
Other current assets 1,274 793
Total current assets 102,832 91,418
Property and equipment, net 3,489 4,283
Finance lease right-of-use assets, net 4,476 5,391
Operating lease right-of-use assets, net 464 622
Goodwill 17,922 17,922
Intangible assets, net 31,246 30,410
Other assets 3,852 8,189
Total assets 164,281 158,235
Liabilities:    
Accounts payable 2,779 1,153
Accrued liabilities 7,140 4,449
Accrued compensation and benefits 11,402 7,608
Contract liabilities 13,732 6,838
Finance lease obligations – current portion 1,993 1,877
Operating lease obligations – current portion 226 210
Total current liabilities 37,272 22,135
Finance lease obligations – non-current portion 6,132 7,641
Operating lease obligations – non-current portion 246 418
Deferred income taxes 854 813
Other liabilities 102 91
Total liabilities 44,606 31,098
Commitments and contingencies
Stockholders’ equity:    
Common stock, $0.001 par value, 250,000,000 shares authorized, 72,220,048 shares and 72,514,652 shares issued and outstanding as of September 30, 2025, and December 31, 2024, respectively 111 111
Additional paid-in capital 467,191 454,502
Accumulated other comprehensive loss (45) (129)
Accumulated deficit (347,582) (327,347)
Total stockholders’ equity 119,675 127,137
Total liabilities and stockholders’ equity $ 164,281 $ 158,235