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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 43,860 $ 31,953
Short-term investments 17,345 3,703
Accounts receivable, net of allowance for credit losses of $0 and $0, respectively 2,103 1,301
Inventories 3,911 2,985
Prepaid expenses and other current assets 2,311 6,272
Total current assets 69,530 46,214
Property and equipment, net 1,999 982
Restricted cash 1,283 2,565
Other assets 10,486 555
Total assets 83,298 50,316
Current liabilities:    
Accounts payable 1,396 1,979
Operating lease liabilities, current 1,784 211
Accrued expenses and other current liabilities 3,409 2,265
Short-term debt 0 42,587
Total current liabilities 6,589 47,042
Warrant liability 141 440
Earnout liability 93 920
Operating lease liabilities, non-current 9,217 281
Total liabilities 16,040 48,683
Commitments and contingencies (Note 17)
Convertible preferred stock:    
Convertible preferred stock – Par value $0.00001 per share – 5,000,000 shares authorized at September 30, 2023 and December 31, 2022; 100,000 shares issued and outstanding at September 30, 2023 (aggregate liquidation preference of $103.0 million at September 30, 2023); No shares issued and outstanding at December 31, 2022 98,891 0
Stockholders’ equity (deficit):    
Common stock 0 0
Additional paid-in capital 94,991 88,058
Accumulated other comprehensive loss (339) (366)
Accumulated deficit (126,285) (86,059)
Total stockholders’ equity (deficit) (31,633) 1,633
Total liabilities, convertible preferred stock and stockholders’ equity (deficit) $ 83,298 $ 50,316