Quarterly report pursuant to Section 13 or 15(d)

Basis of Presentation and Summary of Significant Accounting Policies (Tables)

v3.23.2
Basis of Presentation and Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2023
Basis of Presentation and Summary of Significant Accounting Policies (Tables) LineItems  
Schedule of Reconciliation of the Components of Cash and Restricted Cash Restricted cash represents amounts held on deposit at a commercial bank used to secure the Company’s credit card facility balances, to collateralize a letter of credit in the name of the Company’s landlord pursuant to a certain operating lease and for a post-employment savings fund established for the benefit of eligible Bangladesh employees. The following table provides a reconciliation of the components of cash, cash equivalents and restricted cash reported in the Company’s condensed consolidated balance sheets to the total of the amount presented in the condensed consolidated statements of cash flows:
    June 30,  
(in thousands)   2023     2022  
Cash and cash equivalents   $ 24,551     $ 29,988  
Restricted cash     125       125  
Restricted cash – non-current     584       665  
Total cash, cash equivalents and restricted cash presented in the condensed consolidated statements of cash flows   $ 25,260     $ 30,778  
Schedule of Deferred Revenue Changes in the deferred revenue account were as follows:
(in thousands)    Six Months
Ended
June 30,
2023		     Year
Ended
December 31,
2022		  
Balance, beginning of period   $ 7,254     $ 6,238  
Deferral of revenue     21,064       31,949  
Recognition of unearned revenue     (20,460 )     (30,933 )
Balance, end of period   $ 7,858   $ 7,254  
Schedule of Diluted Weighted-Average Shares of Common Stock Outstanding The following potentially dilutive securities have been excluded from the computation of diluted weighted-average shares of common stock outstanding, as they would be anti-dilutive:
    June 30,
2023		     June 30,
2022		  
Common stock warrants     4,743,466       2,801,703  
Stock options     9,562,621       8,126,955  
Restricted stock units     263,155      
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      14,569,242       10,928,658