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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 1,812 $ 258
Accounts receivable, net 6,441 4,920
Inventory 3,110 1,486
Contract assets 5,098 3,439
Prepaid expenses and other current assets 3,545 2,906
Total current assets 20,006 13,009
Property and equipment, net 641 772
Operating lease right-of-use assets 1,065 1,521
Intangibles, net 99 245
Other assets 810 881
Total assets 22,621 16,428
Current liabilities:    
Accounts payable 1,070 17,814
Contract liabilities 511 48
Accrued and other current liabilities 22,365 23,956
Common stock forward liability 451  
Borrowings 32,819 44,509
Convertible promissory notes, current 4,008 27,794
Operating lease liabilities, current 724 680
Total current liabilities 61,948 114,801
Convertible promissory notes, net of current 4,830 6,239
Net defined benefit liabilities 8,052 7,689
Long-term operating lease liabilities 358 850
Income taxes payable 2,245 2,178
Warrant liabilities 3,197  
Other liabilities 242 108
Total liabilities 80,872 131,865
Commitments and contingencies (Note 8)
Stockholders' deficit:    
Preferred stock, par value $0.0001 per share; 40,000 and 82,352 shares authorized as of September 30, 2024 and December 31, 2023, respectively; no shares issued and outstanding as of September 30, 2024 and December 31, 2023
Common stock, par value $0.0001 per share; 400,000 and 200,000 shares authorized as of September 30, 2024 and December 31, 2023, respectively; 47,611 and 24,166 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively [1] 5 3
Additional paid-in capital [1] 499,751 435,752
Accumulated other comprehensive loss (946) (1,538)
Accumulated deficit (557,061) (549,654)
Total stockholders' deficit (58,251) (115,437) [2]
Total liabilities and stockholders' deficit $ 22,621 $ 16,428
[1] Amounts as of December 31, 2023 differ from those in prior year consolidated financial statements as they were retrospectively adjusted as a result of the accounting for the Business Combination (as defined in the Notes to the Unaudited Condensed Consolidated Financial Statements.)
[2] Amounts as of December 31, 2023 and before that date differ from those in prior year consolidated financial statements as they were retrospectively adjusted as a result of the accounting for the Business Combination (as defined in the Notes to the Unaudited Condensed Consolidated Financial Statements).