Supplementary Balance Sheet Information

12 Months Ended

Dec. 31, 2024

Note 5. Supplementary Balance Sheet Information

Inventories

Inventories consists of the following as of December 31, 2024 and 2023 (in thousands):

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consists of the following as of December 31, 2024 and 2023 (in thousands):


	2024		2023
Deferred offering costs	$	11,121	$	1,491
Prepaid taxes		2,020		—
Software licenses and maintenance		510		311
Advances paid to contract manufacturer		161		144
Other receivables		51		441
Prepaid subscriptions		131		83
Other		843		366

Total prepaid expenses and other current assets	$	14,837	$	2,836

Property and Equipment, Net

Property and equipment, net, consists of the following as of December 31, 2024 and 2023 (in thousands):


	2024			2023
Computer equipment	$	12,525		$	13,108
Software		2,833			4,984
Furniture and fixtures		175			346
Leasehold improvements		1,268			1,594
Vehicles		31			26

		16,832			20,058
Less: Accumulated depreciation		(14,751	)		(18,503	)

Total property and equipment, net	$	2,081		$	1,555

During

the years ended December 31, 2024 and 2023, depreciation and amortization expense of property and equipment was $

0.9

million and $

2.0

million, respectively.

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consists of the following as of December 31, 2024 and 2023 (in thousands):


	2024		2023
Inventory purchases	$	3,289	$	3,813
Professional fees		6,124		2,617
Technology costs		2,104		—
Deferred revenue		—		733
Other		479		301

Total accrued and other current liabilities	$	11,996	$	7,464

Accrued Loss on Purchase Commitments

of December 31, 2024 and 2023, accrued loss on purchase commitments were $

0.6

million and $

3.6

million, respectively (see Note 12).

Accrued Compensation

Accrued compensation consists of the following as of December 31, 2024 and 2023 (in thousands):