v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 54,189 $ 55,155
Accounts receivable, net 10,766 5,580
Inventories 4,335 6,574
Prepaid expenses and other current assets 2,564 1,454
Total current assets 71,854 68,763
Non-current assets:    
Property, plant and equipment, net 17,275 17,481
Operating lease right-of-use assets, net 32,623 33,512
Other assets 1,289 1,369
Total assets 123,041 121,125
Current liabilities:    
Accounts payable 3,739 7,424
Accrued and other current liabilities 4,075 4,832
Deferred revenue 840 1,638
Operating lease liabilities 3,425 3,316
Total current liabilities 12,079 17,210
Non-current liabilities:    
Operating lease liabilities 34,308 34,443
Total liabilities 46,387 51,653
Commitments and contingencies (Note 10)
Stockholders’ equity:    
Preferred stock; $0.0001 par value; 50,000,000 shares authorized; no shares issued and outstanding 0 0
Common stock; $0.0001 par value; 950,000,000 shares authorized; 125,075,837 and 116,934,314 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 13 12
Additional paid-in capital 266,723 243,794
Accumulated other comprehensive loss (7) 0
Accumulated deficit (190,075) (174,334)
Total stockholders’ equity 76,654 69,472
Total liabilities and stockholders’ equity $ 123,041 $ 121,125

Source

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