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Condensed Consolidated Balance Sheet Components | 9 Months Ended
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Sep. 30, 2025
Condensed Consolidated Balance Sheet Components |
Condensed Consolidated Balance Sheet Components | 5. Condensed Consolidated Balance Sheet Components Inventory Inventory is carried at the lower of cost or net realizable value. The following tables show the components of inventory: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | September 30, |  | December 31, | ​
​ | ​ | 2025 | ​ | 2024 | ​
Raw materials inventory | ​ | $ | 3,862 | ​ | $ | 4,717 | ​
Finished goods inventory | ​ |  | 3,349 | ​ |  | 3,927 | ​
Work in progress | ​ | ​ | 400 | ​ | ​ | 270 | ​
Total inventory | ​ | $ | 7,611 | ​ | $ | 8,914 | ​
​ The Company reserved $1,447 and $1,771 in inventory allowance as of September 30, 2025 and December 31, 2024, respectively. Property and Equipment Property and equipment are stated at cost. Depreciation is computed using the straight-line method. Leasehold improvements are amortized over the shorter of the estimated lease term or useful life. Property and equipment include capitalized costs to develop internal-use software. Applicable costs are capitalized during the development stage of the project and include direct internal costs, third-party costs and allocated interest expense as appropriate. Property and equipment consisted of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | September 30, |  | December 31, | ​
​ | ​ | 2025 | ​ | 2024 | ​
Leasehold improvements | ​ | $ | 14,787 | ​ | $ | 14,727 | ​
Furniture and equipment | ​ | ​ | 13,223 | ​ | ​ | 11,946 | ​
Internal-use software | ​ |  | 4,635 | ​ |  | 4,349 | ​
Instruments | ​ |  | 1,965 | ​ |  | 2,005 | ​
Construction in process | ​ |  | 994 | ​ |  | 272 | ​
Accumulated depreciation and amortization | ​ |  | (16,984) | ​ |  | (13,592) | ​
Property and equipment, net | ​ | $ | 18,620 | ​ | $ | 19,707 | ​
​ During the nine months ended September 30, 2025 and 2024, the Company transferred $131 and $167, respectively, of instruments previously classified as inventory to property and equipment leased to customers. For the three months ended September 30, 2025 and 2024, the Company incurred depreciation and amortization expense of property and equipment of $1,057 and $1,066, respectively. For the nine months ended September 30, 2025 and 2024, the Company incurred depreciation and amortization expense of property and equipment of $3,232 and $3,258, respectively. Intangible Assets The Company recognizes acquired intangible assets at fair value on the date of acquisition. Intangible assets with finite lives are amortized over their useful lives using the straight-line method. The Company recorded no impairment on its finite-lived intangibles for the three and nine months ended September 30, 2025. The Company did not have acquired intangible assets during the three and nine months ended September 30, 2024. Intangible assets with finite lives as of September 30, 2025, consist of the following, which have been estimated on a preliminary basis and result from the acquisition of SeQure discussed in Note 8: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ | Gross | ​ | Accumulated | ​ | Net
​ | ​ | Weighted Average Life | ​ | Carrying Amount | ​ | Amortization | ​ | Carrying Amount
Developed technology | ​ | 15 years | ​ | $ | 471 | ​ | $ | (19) | ​ | $ | 452
Trade names | ​ | 10 years | ​ | ​ | 176 | ​ | ​ | (11) | ​ | ​ | 165
Customer relationships | ​ | 7 years | ​ |  | 56 | ​ |  | (6) | ​ |  | 50
Total intangible assets | ​ | ​ | ​ | $ | 703 | ​ | $ | (36) | ​ | $ | 667
​ For the three and nine months ended September 30, 2025, the Company incurred amortization expense of intangible assets of $15 and $36, respectively.

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