Summary of Significant Accounting Policies (Tables)
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9 Months Ended |
Sep. 30, 2024 |
| Accounting Policies [Abstract] |
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| Schedule of Concentration of Risk, by Risk Factor and Significant Payer |
For each significant payor and customer, revenue as a percentage of total revenue and accounts receivable as a percentage of total accounts receivable are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Revenue | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | | | 2024 | | 2023 | | 2024 | | 2023 | | Medicare Advantage | | 22 | % | | 15 | % | | 21 | % | | 17 | % | | Medicare | | 20 | % | | 37 | % | | 24 | % | | 35 | % | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | Accounts Receivable, Net | | | | September 30, 2024 | | December 31, 2023 | | Medicare | | 23 | % | | 42 | % | | Medicare Advantage | | 22 | % | | 16 | % |
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| Schedule of Disaggregation of Revenue |
The following table includes the Company's revenues as disaggregated by payor and customer category (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | | | 2024 | | 2023 | | 2024 | | 2023 | | Revenue: | | | | | | | | | | Commercial | | $ | 6,779 | | | $ | 6,090 | | | $ | 22,314 | | | $ | 17,789 | | | Government | | 2,633 | | | 4,955 | | | 10,276 | | | 13,570 | | | Client(1) | | 2,981 | | | 2,319 | | | 9,175 | | | 6,999 | | | Other(2) | | 114 | | | 52 | | | 221 | | | 425 | | | Total revenue | | $ | 12,507 | | | $ | 13,416 | | | $ | 41,986 | | | $ | 38,783 | |
(1)Includes hospitals, other laboratories, etc. (2)Includes patient self-pay.
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| Schedule of Cash and Cash Equivalents |
Cash, cash equivalents, and restricted cash presented in the accompanying statements of cash flows consist of the following (in thousands): | | | | | | | | | | | | | | | | | | September 30, 2024 | | December 31, 2023 | | Cash and cash equivalents | | $ | 22,035 | | | $ | 36,493 | | | Restricted cash | | 200 | | | 200 | | | | $ | 22,235 | | | $ | 36,693 | |
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| Schedule of Restricted Cash and Cash Equivalents |
Cash, cash equivalents, and restricted cash presented in the accompanying statements of cash flows consist of the following (in thousands): | | | | | | | | | | | | | | | | | | September 30, 2024 | | December 31, 2023 | | Cash and cash equivalents | | $ | 22,035 | | | $ | 36,493 | | | Restricted cash | | 200 | | | 200 | | | | $ | 22,235 | | | $ | 36,693 | |
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| Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share |
Potentially dilutive securities not included in the calculation of diluted net loss per share, because to do so would be anti-dilutive, are as follows (in common stock equivalent shares): | | | | | | | | | | | | | | | | | | September 30, 2024 | | September 30, 2023 | | Warrants to purchase common stock | | 325,330 | | | 409,108 | | | Common stock options | | 576,151 | | | 1,004,855 | | | Restricted stock units | | 1,810,468 | | | 1,568,112 | | | Employee stock purchase plan | | 12,570 | | | 12,542 | | | Total | | 2,724,519 | | | 2,994,617 | |
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