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Summary of Significant Accounting Policies (Tables) | 9 Months Ended
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Sep. 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 September 30, |  | Nine Months Ended September 30,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
Medicare Advantage |  | 22 | % |  | 15 | % |  | 21 | % |  | 17 | %
Medicare |  | 20 | % |  | 37 | % |  | 24 | % |  | 35 | %
* |  | Less than 10%.
|  | Accounts Receivable, Net
|  | September 30, 2024 |  | December 31, 2023
Medicare |  | 23 | % |  | 42 | %
Medicare Advantage |  | 22 | % |  | 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 September 30, |  | Nine Months Ended September 30,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
Revenue: |  |  |  |  |  |  |  |
Commercial |  | $ | 6,779 |  |  | $ | 6,090 |  |  | $ | 22,314 |  |  | $ | 17,789 |
Government |  | 2,633 |  |  | 4,955 |  |  | 10,276 |  |  | 13,570 |
Client(1) |  | 2,981 |  |  | 2,319 |  |  | 9,175 |  |  | 6,999 |
Other(2) |  | 114 |  |  | 52 |  |  | 221 |  |  | 425 |
Total revenue |  | $ | 12,507 |  |  | $ | 13,416 |  |  | $ | 41,986 |  |  | $ | 38,783 |
(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):
|  | September 30, 2024 |  | December 31, 2023
Cash and cash equivalents |  | $ | 22,035 |  |  | $ | 36,493 |
Restricted cash |  | 200 |  |  | 200 |
|  | $ | 22,235 |  |  | $ | 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):
|  | September 30, 2024 |  | December 31, 2023
Cash and cash equivalents |  | $ | 22,035 |  |  | $ | 36,493 |
Restricted cash |  | 200 |  |  | 200 |
|  | $ | 22,235 |  |  | $ | 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):
|  | September 30, 2024 |  | September 30, 2023
Warrants to purchase common stock |  | 325,330 |  |  | 409,108 |
Common stock options |  | 576,151 |  |  | 1,004,855 |
Restricted stock units |  | 1,810,468 |  |  | 1,568,112 |
Employee stock purchase plan |  | 12,570 |  |  | 12,542 |
Total |  | 2,724,519 |  |  | 2,994,617 |

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