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Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 54,934 $ 6,123
Marketable securities 82,354 8,921
Trade accounts receivable, net of allowance for credit losses 7,079 5,122
Inventories, net 19,358 13,955
Prepaid expenses 1,710 431
Other current assets 1,175 573
Total Current Assets 166,610 35,125
Property and equipment, net 10,846 7,487
Operating lease right-of-use asset 131 68
Intangible assets, net 175 400
Total Assets 177,762 43,080
Current Liabilities    
Accounts payable 8,877 4,860
Current operating lease obligations 70 47
Accrued liabilities 6,072 2,740
Total Current Liabilities 15,019 7,647
Long-Term Liabilities    
Preferred stock warrant liability 0 970
Long-term debt 14,848 14,658
Other long-term liabilities 63 25
Total Long-Term Liabilities 14,911 15,653
Total Liabilities 29,930 23,300
Commitments and contingencies (note 8)
Convertible Preferred Stock 0 74,475
Stockholders’ Equity (Deficit)    
Common stock 21 1
Preferred stock 0 0
Additional paid-in capital 237,400 2,148
Accumulated deficit (89,628) (57,041)
Accumulated other comprehensive income 39 197
Total Stockholders’ Equity (Deficit) 147,832 (54,695)
Total Liabilities, Convertible Preferred Stock, and Stockholders’ Equity (Deficit) 177,762 43,080
Seed    
Long-Term Liabilities    
Convertible Preferred Stock 0 1,337
Series A    
Long-Term Liabilities    
Convertible Preferred Stock 0 5,600
Series B    
Long-Term Liabilities    
Convertible Preferred Stock 0 2,200
Series C    
Long-Term Liabilities    
Convertible Preferred Stock 0 21,550
Series D    
Long-Term Liabilities    
Convertible Preferred Stock $ 0 $ 43,788