CONDENSED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Current Assets
Cash	$ 1,066	$ 9,319
Accounts receivable, net	1,854	2,001
Inventory	3,042	2,629
Prepaid expenses and other current assets	1,837	898
Total current assets	7,799	14,847
Property and equipment, net	683	720
Operating lease right-of-use assets	1,024	1,195
Other long-term assets	41	41
TOTAL ASSETS	9,547	16,803
Current Liabilities
Accounts payable	1,157	749
Accrued expenses and other current liabilities	1,588	569
Deferred revenue	97	132
Note payable, current	1,000	0
Operating lease liabilities - current	379	351
Total current liabilities	4,221	1,801
Operating lease liabilities – long-term	687	887
Total liabilities	4,908	2,688
Commitments and contingencies - Note 9
Convertible Preferred Stock (each Series: $0.001 par value)
Total convertible preferred stock	143,625	143,625
Stockholders’ Deficit
Common stock, $0.001 par value: 190,000,000 and 190,000,000 shares authorized; 2,459,183 and 2,090,945 issued and outstanding as of June 30, 2025 and December 31, 2024, respectively	2	2
Additional paid-in capital	1,362	838
Accumulated deficit	(140,350)	(130,350)
Total stockholders’ deficit	(138,986)	(129,510)
TOTAL LIABILITIES, CONVERTIBLE PREFERRED STOCK, AND STOCKHOLDERS’ DEFICIT	9,547	16,803
Series A
Convertible Preferred Stock (each Series: $0.001 par value)
Total convertible preferred stock	4,850	4,850
Series B
Convertible Preferred Stock (each Series: $0.001 par value)
Total convertible preferred stock	4,319	4,319
Series C
Convertible Preferred Stock (each Series: $0.001 par value)
Total convertible preferred stock	2,550	2,550
Series C-1
Convertible Preferred Stock (each Series: $0.001 par value)
Total convertible preferred stock	2,515	2,515
Series D
Convertible Preferred Stock (each Series: $0.001 par value)
Total convertible preferred stock	1,560	1,560
Series D-1
Convertible Preferred Stock (each Series: $0.001 par value)
Total convertible preferred stock	500	500
Series D-2
Convertible Preferred Stock (each Series: $0.001 par value)
Total convertible preferred stock	8,753	8,753
Series E
Convertible Preferred Stock (each Series: $0.001 par value)
Total convertible preferred stock	15,900	15,900
Series F-1
Convertible Preferred Stock (each Series: $0.001 par value)
Total convertible preferred stock	4,600	4,600
Series F-2
Convertible Preferred Stock (each Series: $0.001 par value)
Total convertible preferred stock	10,400	10,400
Series G
Convertible Preferred Stock (each Series: $0.001 par value)
Total convertible preferred stock	8,000	8,000
Series G-1
Convertible Preferred Stock (each Series: $0.001 par value)
Total convertible preferred stock	9,849	9,849
Series H
Convertible Preferred Stock (each Series: $0.001 par value)
Total convertible preferred stock	$ 69,829	$ 69,829

CapsoVision, Inc 10-Q