Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 3,870 $ 1,212
Accounts receivable, net 4,569 3,723
Inventories, net 46,133 49,953
Contract assets 1,295 500
Prepaid expenses and other current assets 5,907 2,336
Total current assets 61,774 57,724
Property and equipment, net 13,691 14,270
Equipment on lease, net 3,673 3,673
Other assets 12,261 13,513
Total assets 91,399 89,180
Current liabilities:    
Accounts payable 16,365 18,538
Accrued expenses and other current liabilities 3,762 3,511
Debt – current portion 16,152 5,666
Contract liabilities 7,614 10,285
Total current liabilities 43,893 38,000
Long-term debt – less current portion 5,506 0
Contingent earnout liabilities 11 11
Warrant liabilities 13 2,167
Other noncurrent liabilities 9,094 9,338
Total liabilities 58,517 49,516
Commitments and contingencies (Note 13)
Stockholders’ equity:    
Common stock, $0.00001 par value - 500,000,000 shares authorized at March 31, 2025 and December 31, 2024, respectively, 210,232,762 and 194,909,430 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 4 4
Additional paid-in capital 488,623 469,994
Accumulated other comprehensive loss 0 (0)
Accumulated deficit (455,745) (430,334)
Total stockholders’ equity 32,882 39,664
Total liabilities and stockholders’ equity $ 91,399 $ 89,180