Balance Sheet

v3.25.3

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2025	Jun. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 11,842		$ 1,212
Accounts receivable, net	6,672		3,723
Inventories	35,386		49,953
Contract assets	3,438		500
Prepaid expenses and other current assets	1,829		2,336
Total current assets	59,167		57,724
Property and equipment, net	12,419		14,270
Equipment subject to operating lease, net	3,020		3,673
Other assets	19,293		13,513
Total assets	93,899		89,180
Current liabilities:
Accounts payable	11,341		18,538
Accrued expenses and other current liabilities	12,684		3,511
Debt – current portion	5,314		5,666
Contract liabilities	8,228		10,285
Total current liabilities	37,567		38,000
Long-term debt – less current portion	17,702		0
Contingent earnout liabilities	11		11
Warrant liabilities	13		2,167
Other noncurrent liabilities	8,450		9,338
Total liabilities	63,743		49,516
Commitments and contingencies (Note 13)
Stockholders’ equity:
Common stock, $0.00001 par value - 500,000,000 shares authorized at September 30, 2025 and December 31, 2024, respectively, 14,067,416 and 12,993,962 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively	5		4
Additional paid-in capital	511,477		469,994
Accumulated other comprehensive loss	0		0
Accumulated deficit	(481,326)	(481,300)	(430,334)
Total stockholders’ equity	30,156	$ 21,535	39,664
Total liabilities and stockholders’ equity	$ 93,899		$ 89,180

- Definition

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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