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Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2024

Accounting Policies [Abstract]

Schedule of Concentration of Risk, by Risk Factor and Significant Payer

For each significant payor and customer, revenue as a percentage of total revenue and accounts receivable as a percentage of total accounts receivable are as follows:

 

						Revenue
						Three Months Ended March 31,
						2024						2023
Medicare						29		%				39		%
Medicare Advantage						17		%				16		%
United Healthcare						10		%				*

						Accounts Receivable, Net
						March 31, 2024						December 31, 2023
Medicare						33		%				42		%
Medicare Advantage						23		%				16		%

* Less than 10%.

Schedule of Disaggregation of Revenue

The following table includes the Company's revenues as disaggregated by payor and customer category (in thousands):

 

						Three Months Ended March 31,
						2024						2023
Revenue:
Commercial						$	6,863					$	4,215
Government						4,186						4,426
Client(1)						3,284						2,407
Other(2)						82						182
Total revenue						$	14,415					$	11,230

(1)Includes hospitals, other laboratories, etc.

(2)Includes patient self-pay.

Schedule of Cash and Cash Equivalents

Cash, cash equivalents, and restricted cash presented in the accompanying statements of cash flows consist of the following (in thousands):

 

						March 31, 2024						December 31, 2023
Cash and cash equivalents						$	27,267					$	36,493
Restricted cash						200						200
						$	27,467					$	36,693

Schedule of Restricted Cash and Cash Equivalents

Cash, cash equivalents, and restricted cash presented in the accompanying statements of cash flows consist of the following (in thousands):

 

						March 31, 2024						December 31, 2023
Cash and cash equivalents						$	27,267					$	36,493
Restricted cash						200						200
						$	27,467					$	36,693

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

Potentially dilutive securities not included in the calculation of diluted net loss per share, because to do so would be anti-dilutive, are as follows (in common stock equivalent shares):

 

						March 31, 2024						March 31, 2023
Warrants to purchase common stock						409,108						409,108
Common stock options						928,900						1,019,076
Restricted stock units						1,781,040						1,494,085
Employee stock purchase plan						11,023						14,736
Total						3,130,071						2,937,005

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