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Unaudited Condensed Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 35,652 $ 22,036
Accounts receivable, net 11,092 7,835
Prepaid expenses and other current assets 5,845 6,584
Total current assets 52,589 36,455
Property and equipment, net 7,494 5,283
Operating lease right-of-use assets 1,685 2,401
Other assets 1,055 550
Total assets 62,823 44,689
Current liabilities:    
Accounts payable 3,559 4,137
Accrued and other current liabilities 5,684 6,916
Deferred revenue 641 733
Finance lease liabilities, current 1,134 201
Operating lease liabilities, current 1,192 1,096
Borrowings, current 680 423
Total current liabilities 12,890 13,506
Borrowings, non-current, net of discounts and debt issuance costs 22,261 19,822
Finance lease liabilities, non-current 2,141 157
Operating lease liabilities, non-current 759 1,664
Warrant liability 6,634 0
Total liabilities 44,685 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 September 30, 2025 and December 31, 2024 0 0
Common stock, $0.001 par value per share; 200,000,000 shares authorized as of September 30, 2025 and December 31, 2024; 22,510,313 and 17,640,328 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively 23 18
Additional paid-in capital 327,724 303,853
Accumulated deficit (309,609) (294,331)
Total stockholders' equity 18,138 9,540
Total liabilities and stockholders' equity $ 62,823 $ 44,689