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RELATED PARTY TRANSACTIONS (Tables) | 9 Months Ended
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Sep. 30, 2025
Related Party Transactions [Abstract] |
Schedule of related party transactions | Goods and services transactions with Illumina have been reflected in the unaudited condensed consolidated financial statements as follows:
(in thousands) | September 30, 2025 |  | December 31, 2024
Accounts receivable | $ | 34 |  |  | $ | 65 |
Supplies | 975 |  |  | 3,130 |
Prepaid expenses and other current assets | 62 |  |  | 77 |
Property and equipment, net | 1,636 |  |  | 2,227 |
Accounts payable | 54 |  |  | — |
Accrued liabilities | 94 |  |  | 104 |
| Three Months Ended |  | Nine Months Ended
(in thousands) | September 30, 2025 |  | September 30, 2024 |  | September 30, 2025 |  | September 30, 2024
Screening revenue | $ | 50 |  |  | $ | 129 |  |  | $ | 179 |  |  | $ | 366 |
Cost of screening revenue | 1,237 |  |  | 3,658 |  |  | 3,924 |  |  | 9,784 |
Cost of development services revenue | 78 |  |  | 143 |  |  | 260 |  |  | 259 |
Operating expenses—Research and development | 973 |  |  | 6,588 |  |  | 2,947 |  |  | 16,700 |
Operating expenses—General and administrative | — |  |  | 1 |  |  | — |  |  | 104 |
The following table presents the components of the net transfers to and from Illumina prior to the Spin-Off:
| Nine Months Ended
(in thousands) | September 30, 2024
Cash funding received from Illumina | $ | 1,244,300 |
Total contributions from member, net | $ | 1,244,300 |

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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-1 + Details
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