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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 24,319 $ 63,419
Short-term investments 90,095 83,560
Accounts receivable, net of allowance for doubtful accounts of $255 and $264, respectively 15,118 14,246
Inventory 16,484 11,498
Prepaid expenses and other current assets 2,325 3,143
Total current assets 148,341 175,866
Property and equipment, net 12,810 8,992
Operating lease right-of-use assets 4,611 5,248
Other non-current assets 385 400
TOTAL ASSETS 166,147 190,506
Current liabilities:    
Accounts payable 5,141 3,198
Accrued liabilities and other 10,189 12,353
Current portion of long-term borrowings 0 0
Operating lease liabilities, current portion 1,342 1,339
Total current liabilities 16,672 16,890
Long-term borrowings 35,075 34,973
Operating lease liabilities, net of current portion 3,529 4,166
Other long-term liabilities 38 57
TOTAL LIABILITIES 55,314 56,086
Commitments and contingencies (Note 6)
STOCKHOLDERS’ EQUITY    
Preferred stock, $0.0001 par value; 5,000,000 shares authorized; no shares issued and outstanding 0 0
Common stock, $0.0001 par value; 100,000,000 shares authorized; 34,221,614 and 33,674,085 shares issued and outstanding, respectively 3 3
Additional paid-in capital 442,570 429,914
Accumulated other comprehensive income 32 352
Accumulated deficit (331,772) (295,849)
TOTAL STOCKHOLDERS’ EQUITY 110,833 134,420
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 166,147 $ 190,506