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Condensed Balance Sheets (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 7,855 $ 6,605
Short-term investments 55,716 70,804
Accounts receivable 10,876 7,482
Inventory 10,014 9,712
Prepaid expenses and other current assets 2,050 3,111
Total current assets 86,511 97,714
Property and equipment, net 976 1,064
Operating lease right-of-use asset 14,136 14,838
Restricted cash 122 122
Deferred offering costs 466 347
Other assets 21 21
Total assets 102,232 114,106
Current liabilities    
Accounts payable 1,807 2,147
Accrued liabilities 8,182 7,414
Operating lease liability 1,519 1,415
Total current liabilities 11,508 10,976
Long-term debt 54,854 52,913
Operating lease liability, net of current portion 14,644 15,440
Total liabilities 81,006 79,329
Commitments and contingencies (Note 5)
Stockholders’ equity    
Preferred stock, $0.001 par value, 10,000,000 shares authorized and no shares issued and outstanding as of June 30, 2023 and December 31, 2022 0 0
Common stock, $0.001 par value, 200,000,000 shares authorized as of June 30, 2023 and December 31, 2022; 25,816,929 and 25,045,751 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively 26 25
Additional paid-in capital 511,552 506,713
Accumulated other comprehensive loss 0 (1,108)
Accumulated deficit (490,352) (470,853)
Total stockholders’ equity 21,226 34,777
Total liabilities and stockholders’ equity $ 102,232 $ 114,106