v3.25.3

Condensed Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 20,322	$ 25,778
Short-term investments	0	995
Accounts receivable	137	6
Interest receivable	64	73
Prepaid expenses and other current assets	517	240
Total current assets	21,040	27,092
Property and equipment, net	51	59
Long-term prepaid maintenance and supplies	0	91
Security deposit	14	14
Operating lease right-of-use asset	92	280
Financing lease right-of-use-asset	744	1,588
Total assets	21,941	29,124
Current liabilities:
Accounts payable	617	492
Accrued expenses	244	239
Accrued payroll-related expenses	1,112	1,328
Current operating lease liability	64	260
Current financing lease liability	730	1,253
Deferred revenue	144	4
Total current liabilities	2,911	3,576
Long-term operating lease liability	0	22
Long-term financing lease liability	0	449
Total liabilities	2,911	4,047
Commitments and contingencies (see Note 9)
Stockholders’ equity:
Preferred stock $0.001 par value, authorized 2,500 shares; none issued and outstanding as of September 30, 2025 and December 31, 2024	0	0
Common stock: $0.001 par value, authorized 47,500 shares; 31,510 shares issued and outstanding as of September 30, 2025; and 30,540 shares issued and outstanding as of December 31, 2024	32	31
Additional paid in capital	256,267	246,565
Other comprehensive income	0	1
Accumulated deficit	(237,269)	(221,520)
Total stockholders’ equity	19,030	25,077
Total liabilities and stockholders’ equity	$ 21,941	$ 29,124

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Atomera Inc 10-Q