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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 26,299 $ 63,419
Short-term investments 77,785 83,560
Accounts receivable, net of allowance for doubtful accounts of $305 and $264, respectively 16,453 14,246
Inventory 16,852 11,498
Prepaid expenses and other current assets 1,791 3,143
Total current assets 139,180 175,866
Property and equipment, net 14,449 8,992
Operating lease right-of-use assets 4,251 5,248
Other non-current assets 385 400
TOTAL ASSETS 158,265 190,506
Current liabilities:    
Accounts payable 4,613 3,198
Accrued liabilities and other 11,156 12,353
Current portion of long-term borrowings 1,458 0
Operating lease liabilities, current portion 1,337 1,339
Total current liabilities 18,564 16,890
Long-term borrowings 33,667 34,973
Operating lease liabilities, net of current portion 3,175 4,166
Other long-term liabilities 31 57
TOTAL LIABILITIES 55,437 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; 34,439,309 and 33,674,085 shares issued and outstanding, respectively 3 3
Additional paid-in capital 448,598 429,914
Accumulated other comprehensive income 157 352
Accumulated deficit (345,930) (295,849)
TOTAL STOCKHOLDERS’ EQUITY 102,828 134,420
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 158,265 $ 190,506