XML 18 R7.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net income (loss) $ 4,596 $ (22,988)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock option compensation expense 19,720 8,155
Depreciation expense 158 96
Warrant liability fair value adjustment 0 7,392
Amortization of Right-of-Use Asset 82 64
Amortization of debt discount 0 460
Interest expense accrued related to convertible notes 0 120
Amortization of premiums and discounts on marketable securities (1,238) (450)
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (3,919) (353)
Accounts receivable (2,861) (6,695)
Inventory (3,812) (3,320)
Accounts payable and accrued expenses 1,800 120
Other liabilities, non-current (258) (276)
Net cash provided by (used in) operating activities 14,268 (17,675)
Cash flows from investing activities:    
Purchase of investment (61,432) (31,767)
Maturities of investments 36,400 46,344
Purchase of property, plant and equipment (997) (330)
Net cash (used in) provided by investing activities (26,029) 14,247
Cash flows from financing activities:    
Net proceeds from private placement 0 6,771
Proceeds from the issuance of common stock relating to the employee stock purchase plan 481 250
Repayment of debt 0 (8,610)
Proceeds from exercise of warrants 16,158 259
Proceeds from exercise of stock options 4,353 355
Net cash provided by (used in) financing activities 20,992 (975)
Foreign currency effects on cash 170 22
Net increase (decrease) in total cash 9,401 (4,381)
Total Cash, Cash Equivalents and Restricted Cash:    
Beginning of period 32,412 12,696
End of period 41,813 8,315
Cash and Cash Equivalents consisted of the following:    
Cash and Cash Equivalents 41,801 8,315
Restricted Cash 12 0
Total 41,813 8,315
Cash paid during the periods for:    
Interest paid 0 389
Taxes paid 1,317 0
Supplemental Disclosure of Non-Cash Investing and Financing Activities:    
Right of use assets obtained in exchange for lease obligations $ 0 $ 1,029