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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 13,748 $ 51,722
Accounts receivable, net 1,914 1,934
Inventory 7,236 4,338
Prepaid expenses and other current assets 3,357 901
Total current assets 26,255 58,895
Property and equipment, net 2,527 3,153
Operating lease right-of-use assets 2,943 3,308
Intangible assets, net 3,122 2,208
Goodwill 8,454 8,454
Other assets 115 123
Total assets 43,416 76,141
Current liabilities:    
Accounts payable 1,987 1,930
Accrued expenses 4,476 3,247
Accrued compensation 3,391 3,714
Operating lease liabilities 935 802
Term loan   28,352
Other current liabilities 2,009 2,756
Total current liabilities 12,798 40,801
Warrant liabilities 4,225 1,914
Operating lease liabilities, net of current 1,964 2,449
Term loan, net of current 26,374  
Forward obligation 3,300 2,750
Other liabilities 469 776
Total liabilities 49,130 48,690
Commitments and contingencies (Note 8)
Convertible preferred stock, par value $0.0001 17,528,207 shares authorized as of September 30, 2021 and December 31, 2020; 17,031,887 shares issued and outstanding as of September 30, 2021 and December 31, 2020; aggregate liquidation preference of $282,198 as of September 30, 2021 and December 31, 2020 [1] 281,342 281,342
Stockholders' deficit:    
Common stock, par value $0.001; 21,643,836 shares authorized; 1,305,634 and 1,247,024 shares issued as of September 30, 2021 and December 31, 2020, respectively; 1,258,945 and 1,200,335 shares outstanding as of September 30, 2021 and December 31, 2020, respectively 2 2
Additional paid-in-capital 11,326 9,703
Accumulated deficit (298,333) (263,545)
Stockholders' deficit before treasury stock (287,005) (253,840)
Less: Treasury stock (51) (51)
Total stockholders’ deficit (287,056) (253,891)
Total liabilities, convertible preferred stock and stockholders’ deficit $ 43,416 $ 76,141
[1] The carrying value reflects the gross proceeds received from the sale of the preferred stock less issuance costs and the fair value at issuance of preferred stock warrants classified as a liability.