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Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 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 June 30,												Six Months Ended June 30,
						2024						2023						2024						2023
Medicare Advantage						25		%				19		%				21		%				18		%
Medicare						23		%				29		%				25		%				34		%
Blue Shield						11		%				10		%				*						*

* Less than 10%.

						Accounts Receivable, Net
						June 30, 2024						December 31, 2023
Medicare						50		%				42		%
Medicare Advantage						10		%				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 June 30,												Six Months Ended June 30,
						2024						2023						2024						2023
Revenue:
Commercial						$	8,672					$	7,484					$	15,535					$	11,699
Government						3,457						4,189						7,643						8,615
Client(1)						2,910						2,273						6,194						4,680
Other(2)						25						191						107						373
Total revenue						$	15,064					$	14,137					$	29,479					$	25,367

(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):

 

						June 30, 2024						December 31, 2023
Cash and cash equivalents						$	24,479					$	36,493
Restricted cash						200						200
						$	24,679					$	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):

 

						June 30, 2024						December 31, 2023
Cash and cash equivalents						$	24,479					$	36,493
Restricted cash						200						200
						$	24,679					$	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):

 

						June 30, 2024						June 30, 2023
Warrants to purchase common stock						409,108						409,108
Common stock options						817,046						994,526
Restricted stock units						1,679,469						1,598,578
Employee stock purchase plan						38,299						60,719
Total						2,943,922						3,062,931

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