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Summary of Significant Accounting Policies (Tables)

9 Months Ended

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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