Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets (Unaudited)

v3.25.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 854 $ 1,212
Accounts receivable, net 5,394 3,723
Inventories, net 38,417 49,953
Contract assets 1,448 500
Prepaid expenses and other current assets 2,783 2,336
Total current assets 48,896 57,724
Property and equipment, net 15,201 14,270
Equipment subject to operating lease, net 3,020 3,673
Other assets 11,441 13,513
Total assets 78,558 89,180
Current liabilities:    
Accounts payable 14,853 18,538
Accrued expenses and other current liabilities 4,263 3,511
Debt – current portion 16,913 5,666
Contract liabilities 6,712 10,285
Total current liabilities 42,741 38,000
Long-term debt – less current portion 5,562
Contingent earnout liabilities 11 11
Warrant liabilities 13 2,167
Other noncurrent liabilities 8,696 9,338
Total liabilities 57,023 49,516
Commitments and contingencies (Note 13)
Stockholders’ equity:    
Common stock, $0.00001 par value - 500,000,000 shares authorized at June 30, 2025 and December 31, 2024, respectively, 14,067,416 and 12,993,962 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 4 4
Additional paid-in capital 491,032 469,994
Accumulated other comprehensive loss
Accumulated deficit (469,501) (430,334)
Total stockholders’ equity 21,535 39,664
Total liabilities and stockholders’ equity $ 78,558 $ 89,180