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Condensed Balance Sheets (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 15,418 $ 18,058
Short-term investments 41,412 48,396
Accounts receivable 11,561 12,314
Inventory 12,084 11,214
Prepaid expenses and other current assets 2,116 2,737
Total current assets 82,591 92,719
Property and equipment, net 1,041 1,003
Operating lease right-of-use asset 12,246 13,405
Restricted cash 122 122
Deferred offering costs 288 387
Other assets 15 15
Total assets 96,303 107,651
Current liabilities    
Accounts payable 2,160 2,332
Accrued liabilities 10,072 11,180
Operating lease liability 1,800 1,627
Deferred revenue 749 1,090
Total current liabilities 14,781 16,229
Long-term debt 59,266 56,954
Operating lease liability, net of current portion 12,433 13,814
Total liabilities 86,480 86,997
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, 2024 and December 31, 2023 0 0
Common stock, $0.001 par value, 200,000,000 shares authorized as of September 30, 2024 and December 31, 2023; 29,777,966 and 27,823,465 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively 30 28
Additional paid-in capital 535,493 524,435
Accumulated deficit (525,700) (503,809)
Total stockholders’ equity 9,823 20,654
Total liabilities and stockholders’ equity $ 96,303 $ 107,651