Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2023
Accounting Policies [Abstract]  
Summary of reconciliation of cash and cash equivalents
The reconciliation of cash, cash equivalents and restricted cash reported within the applicable consolidated balance sheets that sum to the total of the same such amount shown in the consolidated statements of cash flows is as follows:
December 31,
2023 2022
Cash and cash equivalents $ 12,200  $ 30,630 
Restricted cash 41  139 
$ 12,241  $ 30,769 
Summary of useful lives of property plant and equipment Depreciation is recognized using the straight-line method in amounts considered to be sufficient to allocate the cost of the assets to operations over the estimated useful lives or lease terms, as follows:
Asset Category Depreciable Life
Machinery and equipment
5 to 10 years
Computers and IT equipment
3 to 10 years
Furniture and fixtures
7 to 10 years
10 years
Leasehold improvements **
Schedule of earnings per share A reconciliation of net loss and number of shares used in computing basic and diluted net loss per share is as follows:
  Year Ended December 31,
  2023 2022
Basic and Diluted net loss per share computation:
Numerator for basic and diluted net loss per share:
Net loss $ (43,911) $ (20,221)
Denominator for basic and diluted net loss per share:
Weighted average common shares - basic and diluted 6,749,836  6,624,820 
Basic and diluted net loss per share $ (6.51) $ (3.05)
Summary of common stock equivalents outstanding excluded from computation of diluted loss per share
The following table presents the outstanding shares of common stock equivalents that were excluded from the computation of the diluted net loss per share attributable to common stock for the periods in which a net loss is presented because their effect would have been anti-dilutive:
Year Ended December 31,
2023 2022
Potentially dilutive securities:
Common stock warrants (1)
2,301,250  2,301,250 
Earnout shares
438,800  438,800 
Unvested RSUs 568,570  655,882 
(1) The number of shares of common stock subject to the warrants was proportionately decreased as a result of the Reverse Stock Split.