v3.25.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 55,155 $ 45,761
Accounts receivable, net 5,580 1,265
Inventories 6,574 730
Deferred costs 0 779
Prepaid expenses and other current assets 1,454 1,987
Total current assets 68,763 50,522
Non-current assets:    
Property, plant and equipment, net 17,481 21,760
Operating lease right-of-use assets, net 33,512 35,149
Other assets 1,369 305
Total assets 121,125 107,736
Current liabilities:    
Accounts payable 7,424 3,341
Accrued and other current liabilities 4,832 5,594
Deferred revenue 1,638 3,434
Operating lease liabilities 3,316 1,088
Total current liabilities 17,210 13,457
Non-current liabilities:    
Operating lease liabilities 34,443 34,479
Total liabilities 51,653 47,936
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; 116,934,314 and 88,869,463 shares issued and outstanding at December 31, 2024 and 2023, respectively 12 9
Additional paid-in capital 243,794 189,454
Accumulated deficit (174,334) (129,663)
Total stockholders’ equity 69,472 59,800
Total liabilities and stockholders’ equity $ 121,125 $ 107,736

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