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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 32,412 $ 12,646
Restricted cash 0 50
Short-term investments 20,821 19,808
Accounts receivable 10,890 241
Inventories 6,933 3,322
Prepaid expenses and other current assets 2,704 1,091
Total current assets 73,760 37,158
Property, plant and equipment, net 1,790 1,352
Right-of-use assets 1,039 103
Total assets 76,589 38,613
Current liabilities    
Accounts payable 961 1,012
Accrued expenses 5,078 5,249
Lease liabilities, current 105 37
Loan payable, current 0 5,239
Convertible notes payable, current 0 4,911
Total current liabilities 6,144 16,448
Warrant Liability 0 5,548
Lease liabilities, non-current 933 0
Other liabilities, non-current 766 840
Total liabilities 7,843 22,836
Commitments and contingencies (see Note 15)
Stockholders’ equity    
Preferred stock, $.01 par value; 10,000,000 shares authorized; 14,192 and 24,819 shares issued and outstanding at December 31, 2024 and 2023, respectively 0 0
Common stock, $.01 par value; 80,000,000 shares authorized; 33,061,002 shares and 22,761,554 shares issued and outstanding at December 31, 2024 and 2023, respectively 331 228
Additional paid-in capital 599,881 520,576
Accumulated deficit (531,548) (505,162)
Accumulated other comprehensive income 82 135
Total stockholders’ equity 68,746 15,777
Total liabilities and stockholders’ equity $ 76,589 $ 38,613