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Condensed Balance Sheets (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 9,717 $ 6,605
Short-term investments 51,631 70,804
Accounts receivable 11,279 7,482
Inventory 9,759 9,712
Prepaid expenses and other current assets 1,588 3,111
Total current assets 83,974 97,714
Property and equipment, net 949 1,064
Operating lease right-of-use asset 13,774 14,838
Restricted cash 122 122
Deferred offering costs 466 347
Other assets 15 21
Total assets 99,300 114,106
Current liabilities    
Accounts payable 1,207 2,147
Accrued liabilities 10,036 7,414
Operating lease liability 1,572 1,415
Total current liabilities 12,815 10,976
Long-term debt 55,889 52,913
Operating lease liability, net of current portion 14,233 15,440
Total liabilities 82,937 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 September 30, 2023 and December 31, 2022 0 0
Common stock, $0.001 par value, 200,000,000 shares authorized as of September 30, 2023 and December 31, 2022; 26,244,935 and 25,045,751 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively 26 25
Additional paid-in capital 513,946 506,713
Accumulated other comprehensive loss 0 (1,108)
Accumulated deficit (497,609) (470,853)
Total stockholders’ equity 16,363 34,777
Total liabilities and stockholders’ equity $ 99,300 $ 114,106