Balance Sheet Components (Tables)
|
12 Months Ended |
Dec. 31, 2024 |
|---|
| Prepaid Expense and Other Assets, Current [Abstract] |
|
| Schedule of Prepaid and Other Current Assets |
Prepaid and other current assets consisted of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31,
2024 |
|
December 31,
2023 |
At-the-market receivables settled on January 1, 2025 |
$ |
1,404 |
|
|
$ |
— |
|
Prepaid fixed asset |
750 |
|
|
— |
|
License fees |
78 |
|
|
158 |
|
Prepaid insurance |
68 |
|
|
26 |
|
Prepaid rent |
53 |
|
|
277 |
|
Hudson warrant |
— |
|
|
86 |
|
| Other |
56 |
|
|
181 |
|
| Total |
$ |
2,409 |
|
|
$ |
728 |
|
|
| Schedule of Property and Equipment, Net |
Property and equipment, net, consisted of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31,
2024 |
|
December 31,
2023 |
| Equipment |
$ |
7,603 |
|
|
$ |
3,155 |
|
| Vehicles |
2,059 |
|
|
395 |
|
| Leasehold improvements |
369 |
|
|
362 |
|
| Construction-in-progress |
31 |
|
|
77 |
|
| Computers |
67 |
|
|
56 |
|
| Furniture and fixtures |
4 |
|
|
3 |
|
| Total |
10,133 |
|
|
4,048 |
|
| Less: accumulated depreciation |
(1,797) |
|
|
(919) |
|
| Property and equipment, net |
$ |
8,336 |
|
|
$ |
3,129 |
|
|
| Schedule of Intangible Assets, Net |
Intangible assets, net, consists of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31,
2024 |
|
December 31,
2023 |
|
|
|
|
| Patents |
$ |
1,800 |
|
|
$ |
1,800 |
|
| Research license |
375 |
|
|
375 |
|
| Customer relationships |
3 |
|
|
4 |
|
| Total |
2,178 |
|
|
2,179 |
|
| Less: accumulated amortization |
(1,018) |
|
|
(797) |
|
| Intangible assets, net |
$ |
1,160 |
|
|
$ |
1,382 |
|
|
| Schedule of Estimated Amortization of Intangible Assets |
The following table represents the total estimated amortization of intangible assets for the five succeeding years and thereafter as of December 31, 2024 (in thousands):
|
|
|
|
|
|
|
Estimated
Amortization
Expense |
|
|
| 2025 |
$ |
221 |
|
| 2026 |
183 |
|
| 2027 |
180 |
|
| 2028 |
181 |
|
| 2029 |
180 |
|
| Thereafter |
215 |
|
| Total |
$ |
1,160 |
|
|
| Schedule of Deferred Debt Issuance Costs |
Deferred issuance costs consist of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31,
2024 |
|
December 31,
2023 |
| Standing letter of credit |
$ |
150 |
|
|
$ |
150 |
|
| Equity line of credit |
554 |
|
|
554 |
|
| Line of credit |
9,943 |
|
|
9,943 |
|
| Total |
10,647 |
|
|
10,647 |
|
| Accumulated amortization |
(10,647) |
|
|
(9,341) |
|
| Deferred issuance costs |
$ |
- |
|
|
$ |
1,306 |
|
|
| Schedule of Accrued Expenses and Other Current Liabilities |
Accrued expenses and other current liabilities consisted of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31,
2024 |
|
December 31,
2023 |
|
|
|
|
| Bonus |
$ |
1,170 |
|
|
1,000 |
|
At-the-market offering payable |
1,130 |
|
|
— |
|
| Payroll and related expense |
1,079 |
|
|
112 |
|
| Accrued project costs |
522 |
|
|
— |
|
| Professional fees |
341 |
|
— |
|
| Other expenses |
534 |
|
|
82 |
|
| Total |
$ |
4,776 |
|
|
$ |
1,194 |
|
|