XML 14 R5.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Statements of Convertible Preferred Stock and Stockholders' Equity (Deficit) - USD ($)
$ in Thousands
Total
Convertible Preferred Stock
Preferred Stock
Convertible Preferred Stock
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Accumulated Other Comprehensive (loss) Income
Balance, before retroactive conversion $ (55,692)   $ 87,140 $ 2 $ 6,521 $ (62,215) $ 0
Retroactive application       $ (1) 1    
Retroactive application, shares [1]     (152,677,720) (17,972,432)      
Balance, before retroactive conversion, shares [1]     199,145,285 23,442,353      
Beginning balance at Dec. 31, 2022 (55,692)   $ 87,140 $ 1 6,522 (62,215) 0
Beginning balance, shares at Dec. 31, 2022 [1]     46,467,565 5,469,921      
Issuance of common stock upon exercise of stock options 92       92    
Issuance of common stock upon exercise of stock options, shares [1]       140,545      
Stock-based compensation expense 366       366    
Issuance of common stock in connection with the acquisition of fSight, shares [1]       1,306,385      
Issuance of common stock in connection with the acquisition of fSight 10,077       10,077    
Unrealized gain (loss) resulting from change in fair value of marketable securities 14           14
Net (loss) income 6,910         6,910  
Ending balance, shares at Mar. 31, 2023 [1]     46,467,565 6,916,851      
Ending balance at Mar. 31, 2023 (38,233)   $ 87,140 $ 1 17,057 (55,305) 14
Beginning balance at Dec. 31, 2022 (55,692)   $ 87,140 $ 1 6,522 (62,215) 0
Beginning balance, shares at Dec. 31, 2022 [1]     46,467,565 5,469,921      
Net (loss) income 13,790            
Ending balance, shares at Sep. 30, 2023 [1]       58,733,366      
Ending balance at Sep. 30, 2023 75,827     $ 6 136,983 (61,006) (156)
Beginning balance at Mar. 31, 2023 (38,233)   $ 87,140 $ 1 17,057 (55,305) 14
Beginning balance, shares at Mar. 31, 2023 [1]     46,467,565 6,916,851      
Issuance of common stock upon exercise of stock options 14       14    
Issuance of common stock upon exercise of stock options, shares [1]       10,784      
Forfeitures of restricted stock and restricted stock surrendered in lieu of withholding taxes (91)       (91)    
Forfeitures of restricted stock and restricted stock surrendered in lieu of withholding taxes, shares [1]       (11,832)      
Stock-based compensation expense 497       497    
Unrealized gain (loss) resulting from change in fair value of marketable securities (195)           (195)
Convertible preferred stock dividends, shares [1]     1,258,055        
Convertible preferred stock dividends         12,581 (12,581)  
Issuance of preferred stock upon exercise of preferred warrants 2,008       2,008    
Issuance of preferred stock upon exercise of preferred warrants, shares [1]   193,372          
Conversion of convertible preferred stock into common stock in connection with the Business Combination 87,140 $ (87,140)   $ 5 87,135    
Conversion of convertible preferred stock into common stock in connection with the Business Combination, shares [1]   (47,918,992)   47,918,992      
Issuance of common stock upon exercise of common warrants, shares [1]       1,491,229      
Purchase price adjustment in connection with the fSight acquisition 897       897    
Issuance of common stock upon Business Combination, shares       1,818,519      
Issuance of common stock upon Business Combination, value 573       573    
Net (loss) income (22,176)         (22,176)  
Ending balance, shares at Jun. 30, 2023 [1]     0 58,144,543      
Ending balance at Jun. 30, 2023 30,434   $ 0 $ 6 120,671 (90,062) (181)
Issuance of common stock upon exercise of stock options 106       106    
Issuance of common stock upon exercise of stock options, shares [1]       264,277      
Issuance of common stock upon exercise of common stock warrants, net of issuance costs and payments to warrant holders of non-redeemed warrants 3,653       3,653    
Issuance of common stock upon exercise of common stock warrants, net of issuance costs and payments to warrant holders of non-redeemed warrants, shares [1]       324,546      
Reclassification of convertible note derivative liability to equity 11,279       11,279    
Stock-based compensation expense 1,274       1,274    
Unrealized gain (loss) resulting from change in fair value of marketable securities 25           25
Net (loss) income 29,056         29,056  
Ending balance, shares at Sep. 30, 2023 [1]       58,733,366      
Ending balance at Sep. 30, 2023 75,827     $ 6 136,983 (61,006) (156)
Beginning balance at Dec. 31, 2023 62,824     $ 6 138,657 (75,780) (59)
Beginning balance, shares at Dec. 31, 2023       58,751,666      
Issuance of common stock upon exercise of stock options 250       250    
Issuance of common stock upon exercise of stock options, shares       755,016      
Stock-based compensation expense 2,505       2,505    
Issuance of common stock in connection with the acquisition of fSight, shares       166,271      
Issuance of common stock in connection with the acquisition of fSight 239       239    
Issuance of common stock in connection with employee incentive restricted stock awards, shares       685,213      
Unrealized gain (loss) resulting from change in fair value of marketable securities 12           12
Net (loss) income (11,506)         (11,506)  
Ending balance, shares at Mar. 31, 2024       60,358,166      
Ending balance at Mar. 31, 2024 54,324     $ 6 141,651 (87,286) (47)
Beginning balance at Dec. 31, 2023 $ 62,824     $ 6 138,657 (75,780) (59)
Beginning balance, shares at Dec. 31, 2023       58,751,666      
Issuance of common stock upon exercise of stock options, shares 788,899            
Net (loss) income $ (35,944)            
Ending balance, shares at Sep. 30, 2024       60,743,061      
Ending balance at Sep. 30, 2024 33,469     $ 6 145,184 (111,724) 3
Beginning balance at Mar. 31, 2024 54,324     $ 6 141,651 (87,286) (47)
Beginning balance, shares at Mar. 31, 2024       60,358,166      
Issuance of common stock upon exercise of stock options 10       10    
Issuance of common stock upon exercise of stock options, shares       13,821      
Stock-based compensation expense 1,703       1,703    
Unrealized gain (loss) resulting from change in fair value of marketable securities 24           24
Net (loss) income (11,321)         (11,321)  
Ending balance, shares at Jun. 30, 2024       60,371,987      
Ending balance at Jun. 30, 2024 44,740     $ 6 143,364 (98,607) (23)
Issuance of common stock upon exercise of stock options 12       12    
Issuance of common stock upon exercise of stock options, shares       20,062      
Stock-based compensation expense 1,786       1,786    
Issuance of common stock in connection with the acquisition of fSight, shares       86,017      
Issuance of common stock in connection with the acquisition of fSight 136       136    
Issuance of common stock in connection with employee incentive restricted stock awards, shares       362,458      
Shares withheld for taxes upon restricted stock awards vesting (114)       (114)    
Shares withheld for taxes upon restricted stock awards vesting, shares       (97,463)      
Unrealized gain (loss) resulting from change in fair value of marketable securities 26           26
Net (loss) income (13,117)         (13,117)  
Ending balance, shares at Sep. 30, 2024       60,743,061      
Ending balance at Sep. 30, 2024 $ 33,469     $ 6 $ 145,184 $ (111,724) $ 3
[1] The shares of the Company’s common and redeemable convertible preferred stock prior to the Business Combination (as defined in Note 1) have been retroactively restated to reflect the exchange ratio of approximately 0.233335 established in the Business Combination as described in Note 3.