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Balance Sheet Components (Tables) | 6 Months Ended
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Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Cash and Cash Equivalents | The Company’s cash and cash equivalents consist of the following (in thousands):
| June 30, |  | December 31,
| 2024 |  | 2023
Cash | $ | 57,273 |  |  | $ | 58,418 |
Cash equivalents: |  |  |
Money market funds | 6,191 |  |  | 25,129 |
Total cash and cash equivalents | $ | 63,464 |  |  | $ | 83,547 |
Schedule of Inventory | Inventory consists of the following (in thousands):
| June 30, |  | December 31,
| 2024 |  | 2023
Raw materials | $ | 3,032 |  |  | $ | 2,924 |
Work in process | 387 |  |  | 427 |
Finished goods | 15,861 |  |  | 15,972 |
Total inventory | $ | 19,280 |  |  | $ | 19,323 |
Reported as: |  |  |
Inventory | $ | 16,980 |  |  | $ | 16,743 |
Long-term inventory | 2,300 |  |  | 2,580 |
Total inventory | $ | 19,280 |  |  | $ | 19,323 |
Schedule of Prepaid Expenses and Other Current Assets | Prepaid expenses and other current assets consist of the following (in thousands):
| June 30, |  | December 31,
| 2024 |  | 2023
Prepaid expenses | $ | 1,996 |  |  | $ | 1,910 |
Prepaid insurance | 424 |  |  | 906 |
VAT and other receivable | 700 |  |  | 915 |
Other current assets | 177 |  |  | 504 |
Total prepaid expenses and other current assets | $ | 3,297 |  |  | $ | 4,235 |
Schedule of Property and Equipment, Net | Property and equipment, net consist of the following (in thousands):
| June 30, |  | December 31,
| 2024 |  | 2023
Machinery and equipment | $ | 2,352 |  |  | $ | 2,271 |
Computer equipment and software | 2,476 |  |  | 1,872 |
Furniture and fixtures | 295 |  |  | 264 |
Leasehold improvements | 2,277 |  |  | 2,277 |
Construction in progress | 1,002 |  |  | 2,199 |
Total | 8,402 |  |  | 8,883 |
Less: accumulated depreciation | (5,572) |  |  | (4,855) |
Property and equipment, net | $ | 2,830 |  |  | $ | 4,028 |
Schedule Intangible Assets | Intangible assets as of December 31, 2023 consist of the following (in thousands):
| December 31, 2023
| Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value
Developed technology | $ | 1,658 |  |  | $ | (1,630) |  |  | $ | 28 |
Trademarks | 191 |  |  | (188) |  |  | 3 |
Total intangible assets | $ | 1,849 |  |  | $ | (1,818) |  |  | $ | 31 |
Schedule of Accrued Liabilities | Accrued liabilities consist of the following (in thousands):
| June 30, |  | December 31,
| 2024 |  | 2023
Accrued employee bonuses and commissions | $ | 3,682 |  |  | $ | 7,875 |
Accrued vacation | 2,579 |  |  | 2,400 |
Other accrued personnel related expenses | 2,298 |  |  | 2,859 |
Accrued professional fees | 2,003 |  |  | 1,705 |
Sales taxes, franchise tax and VAT | 772 |  |  | 763 |
Other | 449 |  |  | 632 |
Total accrued liabilities | $ | 11,783 |  |  | $ | 16,234 |

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