v3.25.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 51,918 $ 54,486
Investment securities, available-for-sale 17,126 20,216
Restricted cash, current 70 261
Accounts receivable, net of allowances 252 926
Inventory 2,534 2,294
Other current assets 7,100 4,287
Total current assets 79,000 82,470
Property and equipment, net 6,816 7,061
Operating lease right-of-use assets 16,306 16,746
Restricted cash, net of current portion 1,537 1,500
Intangible assets, net 10,739 10,972
Other assets 2,345 2,412
Total assets 116,743 121,161
Current liabilities    
Accounts payable 1,268 1,132
Accrued liabilities 2,194 2,542
Contract liabilities 314 308
Derivative liability 4,867 14,581
Notes payable, current 30,107 24,248
Operating lease liabilities, current 2,979 2,682
Finance lease liabilities, current 9
Other current liabilities 116 458
Total current liabilities 41,854 45,951
Notes payable, net of current portion 8,754
Warrant liability 4,536
Operating lease liabilities, net of current portion 15,436 15,954
Finance lease liabilities, net of current portion 25
Other long-term liabilities 1,688 1,733
Total liabilities 63,539 72,392
Commitments and contingencies (Note 11)
Shareholders’ equity    
Preferred stock, par value $0.001; 25,000 shares authorized; zero and zero shares issued and outstanding
Common stock, par value $0.001; 310,000 shares authorized; 245,440 and 224,993 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 245 225
Additional paid-in capital 943,900 910,825
Accumulated other comprehensive income 119
Accumulated deficit (891,060) (862,281)
Total shareholders’ equity 53,204 48,769
Total liabilities and shareholders’ equity $ 116,743 $ 121,161

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