Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 14,664 $ 30,630
Restricted cash 140 139
Short-term investments 9,922 9,816
Accounts receivable 3,183 1,606
Inventory 1,798 1,307
Prepaid expenses and other current assets 6,455 6,255
Total current assets 36,162 49,753
Property and equipment, net 16,705 15,627
Operating lease, right-of-use assets, net 2,162 2,365
Goodwill 6,286 6,286
Intangible assets, net 5,020 5,398
Security deposits 99 99
Total assets 66,434 79,528
Current liabilities    
Accounts payable 2,241 2,354
Accrued expenses and other liabilities 3,961 5,950
Operating lease liabilities, current 848 719
Finance lease liability, current 44 0
Other financing obligations, current 39 0
Deferred revenue 1,838 972
Total current liabilities 8,971 9,995
Operating lease liabilities, net of current portion 1,408 1,715
Deferred tax liabilities, net 64 27
Finance lease liability, noncurrent 189 0
Other financing obligations 448 0
Total liabilities 11,080 11,737
Commitments and contingencies
Stockholders’ equity    
Preferred stock ($0.0001 par value; 10,000,000 shares authorized; none issued or outstanding as of June 30, 2023 and December 31, 2022) 0 0
Common stock ($0.0001 par value; 120,000,000 shares authorized; 6,442,436 and 6,180,646 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively)(1) [1] 5 5
Additional paid-in capital 203,065 201,362
Accumulated deficit (147,216) (133,032)
Accumulated other comprehensive loss (500) (544)
Total stockholders’ equity 55,354 67,791
Total liabilities and stockholders’ equity $ 66,434 $ 79,528
[1] Retroactively adjusted shares issued and outstanding to give effect to the Company's 1-for-8 reverse stock split. See Note 2.