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Unaudited Condensed Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 11,194 $ 22,036
Accounts receivable, net 14,728 7,835
Prepaid expenses and other current assets 6,583 6,584
Total current assets 32,505 36,455
Property and equipment, net 5,025 5,283
Operating lease right-of-use assets 2,168 2,401
Other assets 596 550
Total assets 40,294 44,689
Current liabilities:    
Accounts payable 4,509 4,137
Accrued and other current liabilities 4,948 7,117
Deferred revenue 876 733
Operating lease liabilities, current 1,127 1,096
Borrowings, current 2,535 423
Total current liabilities 13,995 13,506
Borrowings, non-current, net of discounts and debt issuance costs 18,405 19,822
Operating lease liabilities, non-current 1,369 1,664
Other liabilities, non-current 122 157
Total liabilities 33,891 35,149
Commitments and contingencies (Note 5)
Stockholders' equity:    
Preferred stock, $0.001 par value per share; 10,000,000 shares authorized, no shares issued or outstanding as of March 31, 2025 and December 31, 2024 0 0
Common stock, $0.001 par value per share; 200,000,000 shares authorized as of March 31, 2025 and December 31, 2024; 17,950,033 and 17,640,328 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 18 18
Additional paid-in capital 304,468 303,853
Accumulated deficit (298,083) (294,331)
Total stockholders' equity 6,403 9,540
Total liabilities and stockholders' equity $ 40,294 $ 44,689